Thursday, September 30, 2010

Mukesh Ambani retains his number one position of the Richest Indian

The new list released by Forbes says number of billionaires in India has increased by 30%. The list released for 2010 on 29th Sept says , there are 69 billionaires compared to 52 last year.

Reliance Industries Limited (RIL) chairman Mukesh Ambani has topped Forbes magazine's list of the 100 richest Indians for the third year in-a-row, pipping billionaires like L N Mittal and Azim Premji with a net worth of $27 billion (app Rs 1,21,500 Cr).

Ambani was followed by the steel baron Lakshmi Mittal, who retained his second position in the list with a net worth of $26.1 billion (app Rs 1,17,450 Cr). However, the stock browsers have not been so kind to both of these billionaires. It is believed that their wealth could have been higher by 15 per cent.

Mukesh's younger sibling and chairman of ADAG Anil Ambani lost the third spot on the list to IT major Wipro chairman Azim Premji and fell to sixth rank. Premji's wealth has increased to $17.6 billion (app Rs 79,200 Cr.) from $14.9 billion (app Rs 67,500 Cr) last year, taking him to the third spot from the fourth place last year.

Fourth on the list was Essar Energy brothers Shashi and Ravi Ruia with a net worth of $15 billion (app Rs 67,500 Cr) , the company's IPO in London helped them to add $1.85 billion (app Rs 67,500 Cr) .

As per the Forbes research study, the combined net worth of India's 100 richest people rose to $300 billion (app Rs 13,50,500 Cr) this year from $276 billion(app Rs 12,42,000 Cr) last year, driven by the country's booming economy and a rally in the stock market.

This list in the top has been stable for three years, but would see major shake ups with the growth of Adani, Vedanta and Bharti groups.