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Mukesh Ambani tops Forbes India Rich List

Mukesh Ambani

New Delhi: Despite the effects of demonetisation and industry slowdown, the wealth of India’s 100 richest persons rose by 26 per cent and Reliance Industries chief Mukesh Ambani topped the list with his net worth swelled to $38 billion nearly 2.5 lakh crore.

He has emerged as India’s wealthiest person for the tenth straight year.

Wipro’s Azim Premji has stood second with a net worth of $19 billion, moving up two places from last year.

However, Sun Pharma’s Dilip Shanghvi slipped from his earlier second place to the ninth ($12.1 billion), Forbes magazine’s annual India Rich List 2017 reported.

The magazine wrote that “economic experiments” of Narendra Modi’s government barely affected India’s billionaires.

Oil-and-gas tycoon Mukesh Ambani gained the highest by upholding his decade-long hold on the top slot by adding a staggering $15.3 billion (67 per cent) to his last year’s wealth. He also becomes one of Asia’s top five richest.

Gautam Adani’s net worth rose from $6.3 billion and he moved up to 10th position ($11 billion), from 13th rank last year.

Patanjali Ayurved’s Acharya Balkrishna, made a big jump from 48th place last year to 19th this year, with a net worth of $6.55 billion (about ₹43,000 crore).

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