Home >> Business

Mukesh Ambani richest Indian yet again, Flipkart's Bansals new entrants

Mukesh Ambani richest Indian yet again, Flipkart's Bansals new entrants - Reliance Industries (RIL) chairman Mukesh Ambani has topped Forbes India Rich list for the ninth year in a row with a net worth of $18.9 billion, while ecommerce giant Flipkart's co-founders Sachin and Binni Bansal made their debut among the rich Indians at 86th position with net worth of $1.3 billion each.

Ambani was followed by Sun Pharma's Dilip Shanghvi as second richest with a net worth of $18 billion, while Wipro's Azim Premji retained his third place with $15.9 billion, according to Forbes magazine.

Forbes said that the combined wealth of India's 100 richest persons remained unchanged at $345 billion, as compared to $346 billion in 2014.

Though, Forbes said the Indian economy was estimated to grow at 7 percent in 2015, but the wealth of many of India's 100 richest have reduced due to decline in the stock markets and depreciation in rupee value over the past one year.

As many as ten of them saw their net worth dip by over $1 billion each in one year, including Lakshmi Mittal, whose net worth dipped to $4.6 billion (ranked 8th with $11.2 billion). His rank also slipped 3 places.

The list saw as many as twelve newcomers including low-cost airline IndiGo's co-founder Rakesh Gangwal who debuted at 70th position with a net worth of $1.6 billion ahead of his company's IPO. Gangwal's partner Rahul Bhatia has moved up 12 positions to 38th position with a net worth of $2.4 billion. The biggest gainer was Serum's Cyrus Poonawalla whose wealth increased from $6.2 billion to $ 7.9 million, pushing his rank to 9th position.

Hinduja brothers were ranked 4th with $15.9 billion, followed by Pallonji Mistry at $14.7 billion, Shiv Nadar ($12. 9 billion), Godrej family ($11.4 billion), Lakshmi Mittal (11.2 billion), Cyrus Poonawala ($7.9 billion) and Kumar Mangalam Birla ($ 7.8 billion).