Mukesh Ambani India's richest; Flipkart founders new billionairesSeptember 24, 2015 00:49
Industrialist Mukesh Ambani has been named India's richest for ninth year in a row with a net worth of $18.9 billion even as his wealth dipped by $4.7 billion in a year, while ecommerce giant Flipkart's founders made their debut on the country's top 100 rich list.
As per Forbes magazine's latest India rich list released on Wednesday night, Ambani was followed by Sun Pharma's Dilip Shanghvi as second richest with a net worth of USD 18 billion, while Wipro's Azim Premji retained his third place with USD 15.9 billion.
Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
The combined wealth of India's 100 richest persons remained largely unchanged at USD 345 billion, as compared to $346 billion in 2014, Forbes said.
The magazine said the Indian economy was estimated to grow at 7 per cent this year, but the wealth of many of India's 100 richest have gone down due to decline in the stock markets and depreciation in rupee value over the past one year.
As many as 10 of them saw their net worth dip by over $1 billion each in one year, including Lakshmi Mittal, whose net worth dipped to USD 4.6 billion (ranked 8th with $11.2 billion). His rank also slipped three places.