Reliance Industries & Energy tycoon Chairman Mukesh Ambani is India’s richest man with personal assets of $18.9 billion, a report says. According to the China-based Hurun India Rich List, Mukesh Ambani retained the top position for the second year even after a wealth decrease of 2 percent.
London-based steel baron L.N. Mittal with assets of $15.9 billion stood next to Mukesh Ambani. Mr. Mittal’s wealth declined 6 percent from last year.
Steel baron continues to lose ground; his fortune dropped more than $3 billion since last year, $10 billion in two years.
Sun Pharmaceuticals’ founder Dilip Shanghvi broke into the top three for the first time with a 66 per cent surge in his wealth.
Among others in the top 10 are:
- Wipro’s Azim Premji ranked 4th with assets of $12 billion.
- HCL Technology’s Shiv Nadar ($8.6 billion) ranked 5th.
- Grasim Industries’ Kumar Mangalam Birla ($8.4 billion) ranked 6th.
- Godrej Group’s Adi Godrej ($8.1 billion) ranked 7th.
- Pallonji Mistry of Shapoorji Pallonji & Co ($8 billion) ranked 8th.
- Shashi & Ravi Ruia (Essar Energy, $7.6 billion) ranked 9th.
- Sunil Mittal (Bharti Airtel, $7.3 billion) ranked 10th.
- Anil Ambani of Anil Dhirubhai Ambani Group occupies the 11th with $7.1 billion.
Bollywood superstar Shah Rukh Khan, who set up Red Chillies Entertainment, was ranked 114th and has personal assets of $400 million.Men dominate the rich list with only 4 percent occupied by women.
Steel baroness Savitri Jindal, the non-executive chairperson of O.P. Jindal Group, is the richest Indian woman with a personal fortune of $5.1 billion.
Anu Aga, Kiran Mazumdar-Shaw and Shobhana Bhartia ranked third, fourth and fifth richest Indian women, respectively.
“Despite a sluggish economic growth of around 5 per cent, average net worth of millionaires in Hurun India Rich list 2012 increased by $100 million in 2013, demonstrating the resilience of Indian corporates during these tough times,” said Anas Rahman Junaid, Publisher at Large, Hurun Report India.
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