Mukesh Ambani wealthiest Indian on Forbes' rich list

Mon Mar 4, 2013 7:57pm IST

Mukesh Ambani Chairman and Managing Director of Reliance Industries addresses delegates during the annual meeting of the World Economic Forum (WEF) in Davos January 25, 2013. REUTERS/Pascal Lauener/Files

Mukesh Ambani Chairman and Managing Director of Reliance Industries addresses delegates during the annual meeting of the World Economic Forum (WEF) in Davos January 25, 2013.

Credit: Reuters/Pascal Lauener/Files

Related Topics

REUTERS - Mukesh Ambani retained the top spot among Indians on Forbes' annual list of the world's billionaires on Monday with an estimated worth of $21.5 billion.

The head of Reliance Industries was placed 22nd on a list headed by Mexican tycoon Carlos Slim. Ambani was ranked 19th on the list last year.

"Mukesh Ambani's fortune dropped $1 billion though he remains India's richest person and his Reliance Industries remains country's most valuable company," Forbes said.

Indian-born steel baron Lakshmi Mittal was 41st with a net worth of $16.5 billion. His fortune dropped more than $4 billion in the past year when he was number 21 on the billionaires list.

Wipro chairman Azim Premji, who gave away $2.3 billion worth of shares in his company to his education-focused foundation, made it to 91st on the list with a net worth of $11.2 billion. Premji was number 41 on the list last year.

Pharma entrepreneur Dilip Shanghvi (116), Essar Group's billionaire brothers Shashi and Ravi Ruia (131), Kumar Birla (150), Savitri Jindal and family (155), telecom tycoon Sunil Mittal (173), HCL's Shiv Nadar (182) and land baron Kushal Pal Singh (191) were among the 55 Indians on the Forbes list.

Anil Ambani, Mukesh's younger brother, was ranked 233rd and was poorer by $2.6 billion, continuing a three-year decline in his fortune.

Indian-born retail magnate M.A.Yusuff Ali, who heads the Abu Dhabi-headquartered LuLu Group, was among the 210 newcomers on the 2013 Forbes billionaires list, joining the coveted club at number 974 with a net worth of $1.5 billion.

Ranjan Pai, who heads the Manipal Education & Medical Group, also made his debut on the list at number 1107 with a net worth of $1.3 billion.

Forbes' 2013 list of the world's richest people includes 1,426 billionaires, a record number, with a total net worth of $5.4 trillion, up from $4.6 trillion in the previous ranking.

(Writing by Tony Tharakan)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
SachiNewDelhi wrote:
I think Mukesh Ambani would make a good replacement for Joe Ratzinger.

@sachi_bbsr

Mar 04, 2013 12:30am IST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared
People walk in the Wipro campus in Bangalore June 23, 2009. REUTERS/Punit Paranjpe/Files

Wipro Q4 net profit beats estimates, rises 29 percent

Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier.  Full Article | Full Coverage 

REUTERS SHOWCASE

Election 2014

Election 2014

India holds biggest day of voting with BJP gaining strength  Read | Full Coverage 

Market Eye

Market Eye

Sensex jumps 351 points, snaps 3-day losing streak  Full Article 

Insider Trading Case

Insider Trading Case

Ex-Goldman director Rajat Gupta to surrender June 17 in insider case.  Full Article 

Expansion Plans

Expansion Plans

Reliance Industries, HPCL Mittal plan refinery expansions.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Deal Talk

Deal Talk

Piramal to buy 20 percent stake in Shriram Capital for $334 million.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage