Reliance Industries Ltd (RIL) chairman Mukesh Ambani has once again bagged the pole position with a net worth of $22.7 billion.
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Like Bangur, Asian Paints non-executive Vice-Chairman Ashwin Dani added $1.1 billion to his wealth to figure at 34 with $3.3-billion net worth.
The Hinduja Group ranked third with a net worth of $15.2 billion, up from $14.8 billion past year.
Shree Cement’s Benu Gopal Bangur moved up to the 14th place with a networth of United States dollars 5.9 billion, while Asian Paints’ Ashwin Dani saw his wealth rise to USD 3.3 billion to rank him 34th.
Dilip Shangavi of drug major Sun Pharmaceutical Industries is the second-richest Indian with $16.9 billion net worth though his personal wealth declined $1.1 billion due to its share price dropping, while London-based Hinduja brothers, with a combined network of $15 billion in 2016 as against $14.8 billion in 2015, are third.
“This year’s list has seen a rise in the overall wealth of the country’s top 100 billionaires, in line with the movement of the markets”, said Forbes India Editor Sourav Majumdar. With a six percent fall in the net earnings of Wipro in last quarter, Premji’s net worth reached $15 billion.
Balkrishna made his debut at 48th place (USD 2.5 billion), “thanks to his 97 per cent holding in fast-growing consumer goods outfit Patanjali Ayurved, which he co-founded with yoga guru Baba Ramdev”.
Eight people rejoin the ranks after their companies outperformed the stock market’s 12 per cent rise in the past year. While, Wipro founder Azim Premji took the fourth spot.
A drop in the valuation of Flipkart hit Binny and Sachin Bansal, who fell off the list within a year of entering.
This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies.
Rounding up the top 10 were Pallonji Mistry of Shapoorji Pallonji Group ($13.9 billion), Lakshmi Mittal of ArcelorMittal ($12.5 billion), the Godrej family ($12.4 billion), Shiv Nadar of HCL Technologies ($11.4 billion), Kumar Mangalam Birla of the Aditya Birla Group ($8.8 billion) and Cyrus Poonawalla of Serum Institute of India ($8.6 billion).
The list and its detailed analysis can also be found in the October issue of Forbes Asia and in the Forbes India issue, which will be available on newsstands from October 21.
Shashi and Ravi Ruia, who have a networth of United States dollars 5.8 billion, have a significant presence in Gujarat. One notable returnee is biotech pioneer and India’s richest self-made woman Kiran Mazumdar-Shaw (No 65, $1.83 billion).
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Anand Mahindra is at 90th place with Dollars 1.42 billion, while mining baron Anil Agarwal is at 63rd place with USD 1.86 billion.
