Mukesh Ambani is the Richest Indian

Assam News · November 19, 2009

Mukesh Ambani, chairman of Reliance Industries, is once again the richest person in India. His net worth is now 32 billion dollars, an increase of 54 percent from nearly 21 billion dollars last year, according to the latest edition of Forbes’ India Rich List. Trailing behind him are Lakshmi Mittal with a net worth of 30 billion dollars and Mukesh’s brother, Anil Ambani with a net worth of 17.5 billion dollars.

Mukesh Ambani A rebounding stock market that gained two-thirds in the past year and an economy growing at 6% have boosted the net worth of India’s richest people, according to the Forbes’ India. The combined net worth of India’s 100 richest people is 276 billion dollars, almost a quarter of the country’s GDP. Last year, there were only 27 billionaires on the India Rich List. This year, the number has almost doubled to 52 — two short of what India had at the peak of the stock market boom in 2007.

Sunil Mittal has moved down from Number 4 to Number 8 and Azim Premji has moved up to Number 4 position. The Ruia brothers with a net worth of 13.6 billion dollars have made it to number 5 this year. The richest newcomers are two brothers from Torrent Power — Sudhir and Samir Mehta, ranked 23 at 2.02 billion dollars.

The Forbes India cover story highlights how 2009 has been a turnaround year for the rich in India. The list is an indicator of how India’s billionaires have done better than their counterparts in other parts of the world. Although China has more billionaires (79) than India (52), India’s wealthiest are worth over $100 billion more than the $170 billion total net worth of their Chinese counterparts. The three richest Indians are worth 79.5 billion dollars. It takes 24 Chinese billionaires to be worth 80 billion dollars.

The top 10 Richest Indians are:

1. Mukesh Ambani – 32 billion dollars

2. Lakshmi Mittal – 30 billion dollars

3. Anil Ambani – 17.5 billion dollars

4. Azim Premji – 14.9 billion dollars

5. Shashi & Ravi Ruia – 13.6 billion dollars

6. KP Singh – 13.5 billion dollars

7. Savitri Jindal – 12 billion dollars

8. Sunil Mittal – 8.2 billion dollars

9. Kumar Birla – 7.8 billion dollars

10. Gautam Adani – 6.4 billion dollars

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