The much-awaited Forbes’s annual list of India’s 100 richest tycoons is finally here. Reliance Industries Limited chairman Mukesh Ambani has topped the list for 10th year in a row with a net worth of $38 billion. According to the Forbes, the combined net worth of India 100 richest tycoons was recorded as $479 billion. In 2016, the combined net worth stood at $374 billion.
“Despite India’s economic slowdown, the country’s 100 richest have collectively enjoyed a bumper year thanks to a buoyant stock market. While the Indian billionaire factory continued to churn out new names from diverse sectors, the price of entry rose to a record high. The top 100 club is getting more exclusive with each passing year,” Naazneen Karmali, India Editor of Forbes Asia was quoted as saying.
Photo: Forbes
Chairman of Wipro Limited, Azim Premji is the second wealthiest business tycoon on the Forbes list with a net worth increasing by $4 billion to $19 billion this year. “The aggregate wealth of the top 100 has risen 26% over last year, despite the struggle of some sectors like pharma. In fact, the entry point to the list is at its highest ever, at $1.46 billion, with several billionaires waiting in the wings. Clearly, India’s entrepreneurial energy is .flourishing despite challenges,” Sourav Majumdar, Editor, Forbes India, said.
Here is the list of Forbes 10 richest Indians of 2017:
1. Mukesh Ambani, Reliance Industries
Net worth: $38 Billion
2.Azim Premji, Wipro
Net worth: $19 Billion
3. Hinduja brothers, Ashok Leyland
Net worth: $18.4 Billion
4. Lakshmi Mittal, ArcelorMittal
Net worth: $16.5 Billion
5. Pallonji Mistry, Shapoorji Pallonji Group
Net worth: $16 Billion
6. Godrej family, Godrej Group
Net worth: $14.2 Billion
7. Shiv Nadar, HCL Technologies
Net worth: $13.6 Billion
8.Kumar Birla, Aditya Birla Group
Net worth: $12.6 Billion
9. Dilip Shanghvi, Sun Pharmaceutical Industries
Net worth: $12.1 Billion
10. Gautam Adani, Adani Ports & SEZ
Net worth: $11 Billion
You can check Forbes 100 Richest Indians list here
Source: Forbes India
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