29.10.12

India Rich List


For the fifth year in a row, Reliance Industries Ltd (RIL) chairman Mukesh Ambani retained the top spot as India’s wealthiest man with a net worth of $21 billion, despite his fortune falling for the third year in a row, according to global business magazine Forbes’ annual ranking of 100 wealthiest Indians. Ambani’s net worth stood at $22.6 billion last year.
Abhay Vakil and Ashwin Choksi, who are from the family that controls Asian Paints have entered the billionaire ranks for the first time separately.
Habil Khorakiwala of pharma giant Wockhardt has reentered the billionaire ranks while the Hinduja brothers, who are Britons, enter the list on the back of their Indian assets.
Ranjan Pai of the Manipal education group is just short of the billion league with an estimated wealth of $975 million.
While Lakshmi Mittal held on to the number 2 spot with $16 billion, down $3.2 billion, liquor baron Vijay Mallya lost his billionaire tag as his aviation business dragged down his networth to below the $1-billion mark. Mallya has been ranked 73rd with a fortune of $800 million, a sharp plunge from 49th place last year when he was worth $1.1 billion.
Azim Premji of Wipro bagged the number 3 position with a net worth of $12.2 billion, lower by $800 million from a year ago.

The biggest gainer was Dilip Shanghvi of Sun Pharma, who broke into the top 5 with a $2.5 billion jump in networth at $9.2 billion.


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