Mukesh Ambani India’s richest for 9th year

SINGAPORE (TIP): Industrialist Mukesh Ambani has retained the tag as India’s richest for the ninth year in a row with a net worth of$18.9 billion even as declining macroeconomic barometers flattened the fortunes of the country’s uber-rich.

As per Forbes magazine’s latest India rich list, Ambani was followed by Sun Pharma’s Dilip Shanghvi as second-richest with a net worth of$18 billion while Wipro’s Azim Premji retained his third place with $15.9 billion.

As many as 10 of them saw their net worth dip by over $1 billion each in one year, including Lakshmi Mittal, whose net worth dropped to $4.6 billion (ranked 8th with $11.2 billion). His rank too slipped three places.

In the top 10, Hinduja brothers were ranked 4th with $15.9 billion, followed by Pallonji Mistry at $14.7 billion, Shiv Nadar ($12.9 billion), Godrej family ($11.4 billion), Lakshmi Mittal ($11.2 billion), Cyrus Poonawala ($7.9 billion) and Kumar Mangalam Birla ($7.8 billion).

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