Even as Indian economy is facing a 'challenging year', Reliance Industries' chairman Mukesh Ambani retained top spot in the Forbes list of the richest Indians for the year 2019.
“Amid a challenging year for the economy, the total wealth of tycoons on the Forbes India rich list 2019 shrank 8 per cent, but some tycoons saw big gains to their fortunes, including Mukesh Ambani, Gautam Adani and Uday Kotak,” Forbes said.
This is the 12th consecutive year that Ambani is bagging the top spot in the list even as the telecom arm of Reliance Industries became one of India’s biggest mobile carriers with 340 million subscribers. His net worth, according to Forbes, is $51.4 billion. The continued success of Jio added $4.1 billion to his net worth.
Ambani is followed by Gautam Adani (net worth: $15.7 billion) who jumped eights spots to reach number two in the list.
The Hinduja brothers, with a net worth of $15.6 billion, are ranked third, followed by Pallonji Mistry ($15 billion), and Uday Kotak ($14.8 billion). Shiv Nadar (net worth: $14.4 billion) is at 6th position, followed by Radhakishan Damani ($14.3 billion) Godrej Family ($12 billion), Lakshmi Mittal ($10.5 billion) and Kumar Mangalam Birla ($9.6 billion).
Some of the new faces in the list include Singh family (no. 41, $3.18 billion) and Byju Raveendran (no. 72, $1.91 billion) of Byju’s.