Mukesh Ambani maintains a decade-long hold at the top of the Forbes List of richest Indians, with a net worth of $38 billion. The oil-and-telecom tycoon added $15.3 billion to his wealth last year, according to Forbes. He is also on the list as one of Asia’s top five richest.
Ranked second on the list is Azim Premji, with his net worth rising by $4 billion to $19 billion this year. The gain is partly due to increased revenue and profit at Wipro Enterprises.
Naazneen Karmali, India Editor of Forbes Asia, says: “Despite India’s economic slowdown, the country’s 100 richest have collectively enjoyed a bumper year thanks to a buoyant stock market. While the Indian billionaire factory continued to churn out new names from diverse sectors, the price of entry rose to a record high. The top 100 club is getting more exclusive with each passing year.”
Sourav Majumdar, Editor, Forbes India, says “The aggregate wealth of the top 100 has risen 26% over last year.In fact, the entry point to the list is at its highest ever, at $1.46 billion, with several billionaires waiting in the wings. Clearly, India’s entrepreneurial energy is flourishing despite challenges.”
The 100 wealthiest on this year’s list are all billionaires.
The list and its detailed analysis can also be found in the October issue of Forbes Asia and in the Forbes India issue, which is available on newstands from November 3, 2017.
Sources : Forbes India