Combined net worth of India’s 100 richest people is US$300 billion, there are 17 more billionaires this year than last year
Mukesh Ambani, chairman of Reliance Industries, has topped the latest Forbes’ India Rich List with a net worth of US$27 billion, for the third consecutive time. Steel magnate Lakshmi Mittal, remains at No. 2 with a net worth of US$26.1 billion. However both are less well off than they were a year ago, with 15% of Mukesh’s wealth and 15% Lakshmi’s being lopped off over the year.
India’s rising stock market and a booming economy that is expanding by 8.5% have boosted the net worth of the rich. The combined net worth of India’s 100 richest people is US$300 billion, up from US$276 billion last year. This year, there are 69 billionaires on the India Rich List, 17 more than last year.