Mukesh Ambani retains top spot as India's richest on Forbes list

[rahul1117kumar]

Reliance Industries Ltd (RIL) chairman Mukesh Ambani has yet again topped Forbes’s annual list of India’s 100 richest tycoons.

Ambani, with a net worth of $22.7 billion, is followed by India’s richest pharmaceutical magnate, Dilip Shanghvi, with a net worth of $16.9 billion.

Here is the top 10 list of India's richest tycoons

1. Mukesh Ambani $22.7 Billion (RIL Chairman)

2. Dilip Shanghvi $16.9 Billion (Sun Pharmaceuticals owner)

3. Hinduja family $15.2 Billion (Hinduja Group)

4. Azim Premji $15 Billion (Wipro Chairman)

5. Pallonji Mistry $13.9 Billion (Shapoorji Pallonji Group Chairman)

6. Lakshmi Mittal $12.5 Billion (ArcelorMittal Chairman)

7. Godrej family $12.4 Billion (Godrej Group)

8. Shiv Nadar $11.4 Billion (HCL Chairman)

9. Kumar Mangalam Birla $8.8 Billion (Aditya Birla Group Chairman)

10. Cyrus Poonawalla $8.6 Billion (Poonawalla Group Chairman)

Mukesh Ambani retains top spot as India's richest on Forbes list with net worth of .7 billion | Zee News

 

[shawl_who]

very rich people :s

they shud distribute some of their wealth to the poor & needy :dodgy

 

[OneDirection]

Where is baba ramdev ??? :lol

 

[kumarvishwas]

Where is Sunil Mittal,even after looting customers in telecom,DTH he is not able to make in top 10  :s :s

 

[shawl_who]

Where is baba ramdev ??? :lol

he must be doing kapal-bhati & pranayam.

 

[iSK]

he must be doing kapal-bhati & pranayam.

:lol

 

[Shiva mahesh]

Mukesh Ambani’s wealth at $22.7 billion equals this nation’s GDP: Forbes

Industrialist Mukesh Ambani, who has been named India’s richest person for the ninth year in a row with a sharp increase in net worth to $22.7 billion, has fortune that is equal to Estonia’s GDP, says Forbes India


Similarly, Wipro’s Azim Premji – the fourth richest Indian on the Forbes list – has a net worth of $15 billion, which is more than Mozambique’s GDP of $14.7 billion


Sun Pharma’s Dilip Shanghvi is the second richest with a wealth of $16.9 billion, while the Hinduja family moved up to the third position ($15.2 billion) on the annual list of India’s 100 Richest People.
With a wealth of $13.90 billion, Pallonji Mistry is the fifth richest Indian on the list



According to magazine, the total wealth of India’s top five billionaires, which stands at a whopping $83.7 billion, is more than the cost of 1,230 Mars Orbiter ‘Mangalyaan’ Missions and is more than 18 times the cost of hosting the 2016 Rio Olympics

Much of the wealth is accumulated in the top half of the ‘Richie Rich’ league, Forbes said, adding that if the ’80-20 rule’ is applied to the list, it indicates a ‘trickling down’ of fortunes to the lower order.
“The 80-20 rule, when applied to the rich list, should translate to the top 20 billionaires accounting for 80 per cent of the wealth. However, the share of the top 20 in overall wealth has steadily eroded from 70 per cent in 2009 to 52 per cent in 2016, indicating a trickling down of fortunes to the lower order,” the business magazine added


According to the list, the total wealth of the 100 richest stood at $381 billion, up 10 per cent from $345 billion in 2015.
Since 2014, all the richest Indians have been billionaires instead of some millionaires earlier. The minimum cut-off to figure in the 100 Richest Indians list hit a record high of $1.25 billion this year. Last year, it was $1.1 billion.
Besides, the top 10 billionaires from the 2015 list also figure in the 2016 top 10, with a few inter se changes.
“The 2016 Forbes India Rich List is evidence that Indian enterprise is alive and well. The cut-off for entry into this exclusive club has hit a record high of $1.25 billion this year and while we have seen some notable exclusions, new and younger entrepreneurs have also announced their arrival into the list,” said Sourav Majumdar, editor, Forbes India.
The top gainers on the list in percentage terms were K P Singh ($4.80 billion) and Ajay Piramal ($3.25 billion) who added a whopping 84.6 per cent and 82.6 per cent to their wealth, respectively

Young entrepreneurs like Flipkart’s Sachin and Binny Bansal were dropped off the list, while newcomers like tech entrepreneurs the Turakhia brothers and Acharya Balkrishna made their debut

http://tz.ucweb.com/10_g7Kf

 

[rahul1117kumar]

RE: Mukesh Ambani’s wealth at $22.7 billion equals this nation’s GDP: Forbes

Sorry bro, already shared

https://onlytech.com/community/thre...-spot-as-indias-richest-on-forbes-list.18760/

 

[Shiva mahesh]

RE: Mukesh Ambani’s wealth at $22.7 billion equals this nation’s GDP: Forbes

Sorry bro, already shared

https://onlytech.com/community/thre...-spot-as-indias-richest-on-forbes-list.18760/

Bro my browser shows old news as latest news:angry

where i get confused

 

[Saj 007]

RE: Mukesh Ambani’s wealth at $22.7 billion equals this nation’s GDP: Forbes

Bro my browser shows old news as latest news:angry

where i get confused

You can still view Jio supported device names as latest news in UC web news feed... that's why I never tried to post the news from it...