Reliance Industries Chairman Mukesh Ambani has topped Forbes’ India Rich List for third consecutive year with net worth of $27 billion, Forbes Magazine has reported.
Ambani is followed by Arcelor Mittal Chairman Lakshmi Mittal with wealth totaling $26.1 billion. Third in the list in Wipro Chairman Azim Premji, whose net worth is pegged at $17.6 billion.
The combined fortune of India’s 100 richest people rises to $300 billion from $276 billion last year, says Forbes India.
India’s booming stock market and a rapidly expanding economy (growing by 8.5 per cent) are primary reasons that have boosted the net worth of the rich.
The top 10 richest in India are:
1 ) Mukesh Ambani; $27 billion
2 ) Lakshmi Mittal; $26.1 billion
3 ) Azim Premji; $17.6 billion
4 ) Shashi & Ravi Ruia; $15 billion
5 ) Savitri Jindal; $14.4 billion
6 ) Anil Ambani; $13.3 billion
7 ) Gautam Adani; $10.7 billion
8 ) Kushal Pal Singh; $9.2 billion
9 ) Sunil Mittal; $8.6 billion
1 0 ) Kumar Birla; $8.5 billion