Business Companies 26 Sep 2019 Mukesh Ambani is Ind ...

Mukesh Ambani is India’s richest man

DECCAN CHRONICLE. | MICHAEL GONSALVES
Published Sep 26, 2019, 1:42 am IST
Updated Sep 26, 2019, 1:42 am IST
A total of 953 individuals, who crossed the threshold of Rs 1,000 crore across 41 industries feature in The IIFL Wealth Hurun India Rich List 2019.
Mukesh Ambani
 Mukesh Ambani

PUNE: With Rs 3.8 lakh crore net worth, Mukesh Ambani is India’s richest man for the eighth consecutive year.

The RIL chief is also the 8th richest man in the world, the IIFL Wealth-Hurun India Rich List 2019 report said on Wednesday. Following Ambani is London-based SP Hinduja and family with Rs 1.8 lakh crore.

 

“A total of 953 individuals, who crossed the threshold of Rs 1,000 crore across 41 industries feature in The IIFL Wealth Hurun India Rich List 2019,” Anas Rahman Junaid, MD & Chief Researcher at Hurun Report India told Financial Chronicle. Last year the rich list stood at 831, he pointed out.

Junaid said with all the conversation around economic slowdown and overheating of economy, the rich list report celebrates the growing tribe of Indian wealth creators in India and abroad.

Sample this, while the number of dollar billionaires have merely grown by 2 as compared to 2016, the number individuals with Rs 1,000 crore have increased by a third in the past two years from 617 to 953.

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," Junaid said.

Junaid said a total of 233 new entrepreneurs from different businesses made it to the rich list this year.

No women made it to the top ten richest Indians list. The richest woman in India is Godrej Group’s Smita V. Crishna with Rs 43,400 crore, who is ranked 302 globally. Roshni Nadar and Kiran Mazumdar Shaw are on the second and third spot with Rs 32,800 crore and Rs 25,100 crore.

Madhukar Parekh and family of Pidilite saw an increase of 60 per cent to Rs 11,200 crore, while Ranjan Pal of Manipal Education saw an increase of 54 per cent to Rs 14,300 crore. Azim Premji and Mukesh Ambani saw an increase of 42 per cent and 20 per cent.

According to the report, twenty five of the wealthiest Indians have wealth equal to 10 per cent of India’s GDP.

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