Mukesh Ambani Became richest Indian with 3.8 lakh crores

Vastavam web: Reliance Industries’ Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of Rs 3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List. London-based SP Hinduja & family, with assets worth Rs 1,86,500 crore, retained the second rank in the list, followed by Wipro founder Azim Premji at the third place with a wealth of Rs 1,17,100 crore.

According to the latest IIFL Wealth Hurun India Rich List, the number of Indians having a net worth of more than Rs 1,000 crore has grown to 953 this year from 831 in 2018; while, the number of billionaires in terms of US dollar has reduced to 138 from 141. “The combined wealth of top 25 in the list equates to 10 per cent of India’s GDP and that of 953 accounts for 27 per cent,” it said.

Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth. ADVERTISEMENT Interestingly, while the cumulative wealth for this year shows an increase of 2 per cent compared to last year, the average wealth shows a decline of 11 per cent, IFL Wealth Hurun India Rich List said.

As many as 344 individuals or more than a third of this year’s list witnessed wealth reduction and another 112 could not meet the threshold of Rs 1,000 crore, it added. “Globally, the wealth creators drive the growth and therefore play a vital role in shaping the economy. With Indian Government setting its sight on $5 trillion GDP mark – we are confident that the size of the India Rich List will easily triple in the next 5 years,” said Anas Rahman Junaid, MD & Chief Researcher, Hurun Report India.

With a net worth of Rs 7,500 crore, Ritesh Agarwal (25) of Oyo Rooms is the youngest self-made entrepreneur and the wealthiest under 40 years (age) is Divyank Turakhia (37) of Media.net. The list includes 152 women with an average age of 56 years. Roshni Nadar (37) of HCL technologies is the richest woman followed by Smita V Crishna (68) of Godrej Group with a net worth of Rs 31,400 crore. With a net worth of Rs 18,500 crore, Kiran Mazumdar-Shaw of Biocon retains the crown of the richest self-made woman in India.