Mukesh Ambani tops India rich list for 3 consecutive times

By SiliconIndia   |   Thursday, 30 September 2010, 05:19 Hrs   |    1 Comments
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Bangalore: RIL Chairman Mukesh Ambani has topped Forbes magazine's list with a net worth of $27 billion, for the third consecutive time. Steel magnate Lakshmi Mittal, remains at number two with a net worth of $26.1 billion. However both are less well off than they were a year ago. Moving up to third position this year is IT outsourcer Wipro's Azim Premji. His wealth increased to $17.6 billion from $14.9 billion last year amid an improving outlook for the sector.

According to the Forbes India Rich List, there are 69 billionaires this year, compared to 52 last year. The combined net worth of India's 100 richest people is $300 billion, up from $276 billion last year. This year, there are 69 billionaires on the India Rich List, 17 more than last year.

"As we had predicted, the huge correction in Indian wealth which occurred in 2008 is fast becoming a distant memory. This year's list illustrates the vibrancy and resilience of India's economy. It signals a second wave of Indian capitalists accumulating fantastic fortunes especially in sectors such as pharmaceuticals and real estate," said Naazneen Karmali, India Editor of Forbes Asia and Mumbai bureau manager.

The top four tycoons on the list are worth a combined $86 billion, short of the $180 billion record they set three years ago, and well shy of the $150 billion net worth of the four richest Americans. A notable gainer is Ajay Piramal of life sciences firm Piramal Healthcare (No. 37; $1.75 billion). Also a winner this year is 45-year old media mogul Kalanithi Maran. Ranked No. 17 with a net worth of $4 billion, up by 74 percent from last year's $2.3 billion, he is the biggest gainer in percentage terms. The owner of Sun TV Network caused a stir this year when he took more than one-third stake in domestic airline SpiceJet.

Unfortunately, Mukesh's younger sibling Anil Ambani lost the third spot on the list to IT major Wipro and fell to sixth rank.

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