Heena Sharma Blog

With a networth of $54 billion, Reliance Industries Chairman Mukesh Ambani has broken into the global top 10 richest billionaire list complied by Hurun Research. "The only Asian in the Top 10, Ambani's wealth is based on telecom, retail and energy, and bucked the poor stock market trend in India last year," Hurun Research said in a statement. The Hurun Global Rich List 2019 is topped by Amazon chief Jeff Bezos for the second year in a row, while the senior Ambani is placed 10th with a network of Rs 3.83 trillion, thanks to a rally in RIL shares, which had topped the Rs 8-lakh-crore-mark last month. Ambani owns almost 52 percent in Reliance. Anil Ambani, held in contempt of court by the Supreme Court last week for not paying up Ericsson Rs 540 crore, has lost over $5 billion, from $7 billion seven years ago to $1.9 billion this year, even though both the brothers got off with more or less same amount of inherited wealth. "Having started off similarly a...

Reliance Industries' Chairman Mukesh Ambani has emerged as the richest Indian for the 11th consecutive year with a net worth of $47.3 billion, according to Forbes magazine. Ambani is also the year's biggest gainer, adding $9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service. As per the 'Forbes India Rich List 2018 ', Wipro Chairman Azim Premji has retained the second spot, adding $2 billion to his wealth at $21 billion; while ArcelorMittal Chairman and CEO Lakshmi Mittal moved a place ahead to the third slot with a net worth of $18.3 billion, increasing his wealth by $1.8 billion. Mittal is followed by the Hinduja brothers at with a net worth of $18 billion and Pallonji Mistry with $15.7 billion. Other business magnates making the top 10 list are Shiv Nadar ($14.6 billion), Godrej family ($14 billion), Dilip Shanghvi ($12.6 billion), Kumar Birla ($12.5 billion) and Gautam Adani ($11.9 billion). Read Compl...