Mukesh Ambani remains the richest Indian

October 25, 2013 03:05

Energy tycoon and Reliance Industries 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, Ambani retained the top position for the second year even after a wealth decrease of 2 per cent.

Ambani is followed by London-based steel baron LN Mittal with assets of $15.9 billion. Mittal's wealth declined 6 per cent from last year.

Sun Pharmaceuticals' founder Dilip Shanghvi broke into the top three for the first time with a 66 per cent surge in his wealth.

"This rise in stock price was supported by the expected sales of the cancer drug Doxil, following Janssen Pharma Inc's admission of shortage of the drug supply," the report said.

Among others in the top 10 are: Wipro's Azim Premji (4th) with assets of $12 billion, HCL Technology's Shiv Nadar (5th, $8.6 billion), Grasim Industries' Kumar Mangalam Birla (6th, $8.4 billion), Godrej Group's Adi Godrej (7th, $8.1 billion).

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