Declining wealth, but Mukesh Ambani is still world’s richest Indian

Three Indians make it in the Forbes top 100 billionaires list.

Bureau Report

WASHINGTON, DC: Reliance head Mukesh Ambani’s wealth has declined by one billion dollars from last year, but he still remains the wealthiest Indian in the world, according to Forbes, which ranked him 22 in the list of billionaires in the world.

"Mukesh Ambani"
Mukesh Ambani; photo credit: Press Information Bureau

With a net worth of $21.5 billion, Ambani retained his position as the richest Indian for the sixth year in a row. The list of the world’s top billionaires is led by Mexican business tycoon Carlos Slim, with a net worth of $73 billion, followed by Bill Gates ($ 67 billion), Spain’s Amancio Ortega, the founder of the Zara clothing empire ($ 57 billion), Warren Buffett ($ 53.5 billion) and Larry Ellison ($43 billion).

After Ambani, the next richest Indian is steel magnate Lakshmi Mittal, who ranked 41st, with a net worth of $16.5 billion. In all, there are a total 55 billionaires from India on the list of 1,426 persons from across the world having a minimum net worth of $ 1 billion.

Other prominent Indians in the list are Azim Premji (91st position), Dilip Shanghvi, Shashi and Ravi Ruia, Kumar Mangalam Birla, Savitri Jindal, Sunil Mittal, Shiv Nadar, K P Singh and Anil Ambani.

Mukesh Ambani’s brother Anil Ambani is ranked 233rd, with a net worth of $5.2 billion. The global top-100 list has only three Indians – Mukesh Ambani, Lakshmi Mittal and Azim Premji.

About Mukesh Ambani, Forbes said that his fortune has dropped by one billion dollars over the past one year, but he “remains India’s richest person and his Reliance Industries remains country’s most valuable company”.

On the other hand, Anil Ambani’s net worth dropped by $2.6 billion in the past one year, “continuing a three-year decline in his fortune,” said Forbes.

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