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Mukesh Ambani tops Forbes India rich list with $32 b fortune

Source : PTI
Last Updated: Thu, Nov 19, 2009 06:36 hrs

Reliance Industries ChairmanMukesh Ambani is the richest man in India with $32 billionin net worth followed by steel tycoon Lakshmi Mittal andyounger brother Anil Ambani, according to the Forbes annualrich list for the country.

NRI steel baron Mittal has been ranked at the secondposition with a net worth of $30 billion, while Mukesh'ssibling Anil Ambani, whose wealth stood at $17.5 billionwas ranked third.

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Wipro Chirman Azim Premji and Essar Group's Shashi & RaviRuia are ranked fourth and fifth with net worth of $14.9billion and $13.6 billion, respectively.

The magazine said the combined fortune of India's 100richest is $276 billion, almost one-fourth of thecountry's GDP.

"Happier days are here again for India's super rich,thanks to a rebounding stock market, up two-thirds in the pastyear, and a still buoyant economy that's growing at least 6per cent a year," the US business magazine said.

The nation is now home to 52 billionaires, up from 27last year and only two short of what India had at the peak ofits stock market boom in 2007.

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Overall, the top three billionaries of India are worth$79.5 billion, which is $25.7 billion more than theircombined sum a year ago.

However, Forbes said that the amount is "still far shy oftheir record total of $145 billion in 2007".




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