Mukesh Ambani further consolidated his top position in Forbes list of richest Indians in 2016, with net worth of his nearest competitor, Dilip Shanghvi, falling by $1.1 billion compared to last year.
According to Forbes, the list was put together using financial information from a variety of sources including data obtained from business families,and data from stock exchanges and India’s regulatory agencies among others.
1. Mukesh Ambani
The net worth of the 57-year old chairman of Reliance Industries is estimated at $22.7 billion.
2. Dilip Shanghvi
Second to Mukesh Ambani, Sun Pharamceutical’s head had assets worth $16.9 billion.
3. Hinduja Brothers
The Hinduja Brothers, Srichand, Gopichand, Prakash and Ashok, manage the diversified Hinduja Group and a combined worth of $15.2 billion.
4. Azim Premji
Wipro Group’s Azim Premji is fourth richest Indian in the world, having amassed a fortune of $15.1 billion.
5. Pallonji Mistry
The former chairman of Shapoorji Pallonji Group and father of expelled former Tata Group chairman Cyrus Mistry, Pallonji Mistry’s net worth is $13.9 billion.
6. Lakshmi Mittal
Mittal, one of the richest businessmen in the UK, heads the Arcelor Mittal Group. His net worth is $12.5 billion
7. Adi Godrej and family
The net worth of the Godrej family is $12.4 billion.
8. Shiv Nadar
The businessman heads tech giant HCL Technologies and his wealth was valued at $11.4 billion.
9. Kumar Mangalam Birla
The chairman of Indian company Aditya Birla Group has net worth of $8.8 billion.
10. Cyrus Poonawala
The septuagenarian is the co-founder of Serum Institute of India Limited. He owns assets worth $8.6 billion.
11. Uday Kotak
The chairman of Kotak Mahindra Bank has total assets of $8.3 billion.
12. Sunil Mittal
The head of telco giant Airtel has total assets amounting to $6.6 billion.
13. Gautam Adani
The chairman of Adani Group has a net worth of $6.3 billion.
14. Benu Gopal Bangur
The 83-year old head of Shree Cement’s net worth is $5.9 billion.
15. Anand Burman and family
The owners of Dabur brand have a fortune of $5.85 billion.
16. Shashi and Ravi Ruia
The Ruias own the Essar Group and have a combined net worth of $5.8 billion.
17. Bajaj family
With combined assets of $5.7 billion, the well-known Bajaj family are one of the richest in India.
18. Subhash Chandra
The media baron owns Zee Media. His total assets amount to $5.6 billion.
19. Savitri Jindal and family
The first woman to feature on the list, Jindal is the non-executive chairperson of Jindal Steel and Power Ltd. Her net worth is $5.3 billion.
20. Desh Bandhu Gupta
Gupta is the founder and chairman of Lupin Ltd. His net worth is $5.1 billion.
21. Vikram Lal
Vikram Lal is the former chairman of Eicher Motors. He has assets worth $5.0 billion.
22. Kushal Pal Singh
The head of DLF Group, the Indian real estate tycoon’s net worth is $4.8 billion.
23. Pankaj Patel
The chairman of Cadila Healthcare has a net worth of $4.5 billion.
24. Micky Jagtiani
Jagtiani is the head of Dubai-based Landmark Group, owner of popular fashion brand Pantaloons. His net worth is $4.4 billion.
25. MA Yusuff Ali
With a net worth of $4 billion, the head of Middle-East based Lulu Group features on the list of wealthiest Indians.