
Forbes India Rich List: Mukesh Ambani retains top spot for 12th consecutive year, Gautam Adani jumps to second place
FirstpostMumbai: Amid a challenging year for the economy, the total wealth of the tycoons on the 2019 Forbes India Rich List shrank 8 percent to $452 billion from a year ago. Mukesh Ambani remains India’s richest for the 12th consecutive year, with $51.4 billion in wealth. Brian Carvalho, Editor of Forbes India, said: “It’s been a challenging economic year with notable changes in the list, but the good news is that we are still seeing the emergence of new billionaires with contemporary business models.” More than a third of the decline in total wealth of India’s 100 richest was due to generous tech tycoon Azim Premji, who gave away a chunk of his fortune in March and consequently dropped in the ranks to No. The top 10 richest in India are: Mukesh Ambani—$51.4 billion Gautam Adani—$15.7 billion Hinduja brothers—$15.6 billion Pallonji Mistry—$15 billion Uday Kotak—$14.8 billion Shiv Nadar—$14.4 billion Radhakishan Damani—$14.3 billion Godrej family—$12 billion Lakshmi Mittal—$10.5 billion Kumar Birla—$9.6 billion This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies.
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