Mercoledì, 13 Dicembre, 2017

Mukesh Ambani still India's richest, Patanjali's Balkrishna makes debut

Mukesh Ambani tops Forbes's list of richest Indians; Patanjali's Balkrishna enters top 50 Patanjali's Balkrishna enters Forbes list, Mukesh Ambani still India's richest
Remigio Civitarese | 23 Settembre, 2016, 06:47

Reliance Industries Chairman Mukesh Ambani has grabbed the top most position in the Forbes" "100 Richest Indians' list with a net worth of $22.7 billion (nearly Rs 1,51,017.43 crore).

Ambani, 59, who retains the top spot in the annual list of 100 richest Indian tycoons, saw his wealth increase to $22.7 billion from $18.9 billion past year as shares of Reliance Industries rose 21 percent over 12 months, the magazine said in a report.

However, the third spot is bagged by the Hinduja brothers with a net worth of $15.2 billion (nearly Rs 1,01,121.8 crore), up from $14.8 billion (nearly Rs 98,460.7 crore) previous year.

IT czar Azmi Premji of Wipro slipped to fourth from third with $15-billion, while his flagship IT services company reported six percent decline in net earnings to $304 million in second quarter of this fiscal due to sluggish sakes.

The most remarkable name in the list, however, is Acharya Balkrishna, co-founder of Patanjali Ayurved with yoga guru Baba Ramdev, who has now marked his entry in the Forbes's list at the 48th spot with a net worth of Rs 16,700 crore ($2.5 billion). The combined net worth of India's 100 wealthiest is $381 billion, a rise of 10 percent from $345 billion in 2015.

Eight people rejoin the ranks after their companies outperformed the stock market's 12 per cent rise in the past year. His net worth is attributed to the 97 percent shares that he holds in the company.

Another new face is Pawan Munjal (No 29, $3.65 billion), son of the late Brijmohan Lall Munjal, founder of Hero Group, who takes over his father's spot on the list. According to Forbes the minimum amount required to enter the list was $1.25 billion, up from $1.1 billion in 2015.

The Hinduja Group ranked third with a net worth of $15.2 billion, up from $14.8 billion a year ago. There were 13 drop-offs from the previous year, including textile figure Balkrishan Goenka and co-founders of Flipkart, Sachin Bansal and Binny Bansal. Public fortunes were calculated based on stock prices and exchange rates as of September 9.

The magazine also gave a disclaimer that Reliance Industries is the owner of Network 18, publisher of Forbes India.

Among the noted Parsis, Pallonji Mistry was ranked 5th on the coveted list with a networth of USD 13.9 billion, while the Godrej family was at the 7th place with USD 12.4 billion, followed by Cyrus Poonawalla (10th, USD 8.6 billion).

Shashi and Ravi Ruia, who have a net worth of $5.8 billion, have a significant presence in Gujarat.

Royal Enfield motorbike maker Eicher Motors' Vikram Lal was ranked 21st with Dollars 5 billion, while DLF's K P Singh was 22nd with USD 4.8 billion.

Altre Notizie