As per the Forbes research study, the combined net worth of India’s 100 richest people rose to USD 300 billion this year from USD 276 billion last year, driven by the country’s booming economy and a rally in the stock market.
According to the Forbes India Rich List, there are 69 billionaires this year, compared to 52 last year.
Ambani was followed by the steel baron Lakshmi Mittal, who retained his second position in the list with a net worth of USD 26.1 billion.
However, the wealth of both of these billionaires is believed to have slipped by 15 percent from the previous amount.
Mukesh’s younger sibling Anil Ambani lost the third spot on the list to IT major Wipro and fell to sixth rank.
Premji’s wealth has increased to USD 17.6 billion from USD 14.9 billion last year, taking him to the third spot from the fourth place last year.
Fourth on the list was Essar Energy brothers Shashi and Ravi Ruia with a net worth of USD 15 billion, bolstered by the company’s IPO in London, which raised USD 1.85 billion.
The following is the Forbes list of the 25 richest people in India:
Rank Name Net Worth (in $ bln)
1 Mukesh Ambani 27
2 Lakshmi Mittal 26.1
3 Azim Premji 17.6
4 Shashi & Ravi Ruia 15
5 Savitri Jindal 14.4
6 Anil Ambani 13.3
7 Gautam Adani 10.7
8 Kushal Pal Singh 9.2
9 Sunil Mittal 8.6
10 Kumar Birla 8.5
11 Adi Godrej 7.5
12 Pallonji Mistry 6.9
13 Anil Agarwal 5.5
14 Dilip Shanghvi 5.2
15 Shiv Nadar 4.7
16 Malvinder & Shivinder Singh 4.2
17 Kalanithi Maran 4
18 G M Rao 3.5
19 Uday Kotak 3.4
20 Anand Burman 3.2
21 Indu Jain 3.1
22 Rahul Bajaj 3
23 Subhash Chandra 2.9
24 Micky Jagtiani 2.8
25 Venugopal Dhoot 2.65