Mukesh Ambani Richest Indian For 11th Consecutive Year With A Net Worth of $47.3 Billion

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New Delhi: According to Forbes magazine, Reliance Group chairman Mukesh Ambani emerged as the richest Indian for the 11th consecutive year with a net worth of $47.3 billion. As per the ‘Forbes India Rich List 2018’, Ambani is also the year’s biggest gainer, adding $9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.

“Despite a rout in the rupee that practically wiped out the Indian stock market’s 14 per cent rise from a year ago, business tycoons on the 2018 Forbes India Rich List saw a modest gain in their combined wealth to $492 billion,” a Forbes India statement said, adding that among the nation’s 100 richest, 11 saw their wealth jump by $1 billion or more.

Wipro Chairman Azim Premji has retained the second spot, adding $2 billion to his wealth at $21 billion; while ArcelorMittal Chairman and CEO Lakshmi Mittal moved a place ahead to the third slot with a net worth of $18.3 billion, increasing his wealth by $1.8 billion.

Mittal is followed by the Hinduja brothers at fourth place with a net worth of $18 billion and Pallonji Mistry at fifth with $15.7 billion.

With a net worth of $14.6 billion, Shiv Nadar has bagged the sixth spot followed by Godrej family at the seventh place ($14 billion), Dilip Shanghvi at eighth position ($12.6 billion), Kumar Birla at ninth ($12.5 billion) and Gautam Adani at 10th slot ($11.9 billion).

Besides, as many as three women -- Savitri Jindal, Kiran Mazumdar-Shaw and Leena Tewari -- have found places in the list.

Shaw has emerged as the biggest percentage gainer of the year. She bagged the 39th spot and her net worth rose 66.7 per cent to $3.6 billion. Jindal stood at the 14th place with a fortune of $8.35 billion and Tewari at the 64th position with $2.52 billion.

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