Heena Sharma Blog

Reliance Industries' Chairman Mukesh Ambani has bagged the top spot in Forbes ' list of the richest Indians for the year 2019 in what the American business magazine said was 'a challenging year' for the Indian economy. This is the 12th time in a row that Ambani -- whose wealth swelled to $51.4 billion this year -- has topped the list. "He added $4.1 billion to his net worth as Jio, the three-year-old telecom unit of his Reliance Industries, became one of India’s biggest mobile carriers with 340 million subscribers," Forbes said. The effect of a slowing economy was visible on the list. Overall, the total wealth of tycoons on the 2019 Forbes India Rich List shrank 8 per cent to $452 billion from a year ago and more than half of India’s 100 richest saw a decline in their net worth, the magazine said. Despite this, some tycoons saw big gains to their fortunes. One of them is infrastructure tycoon Gautam Adani, who jumped eight spots to no.2 this year

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