360° Coverage : Mukesh Ambani remains India's richest person (Lead,...

3 Updates
Mukesh Ambani remains India's richest person (Lead, inserting word in para 2)
Photo Credit: , Getty Images

Mukesh Ambani remains India's richest person (Lead, inserting word in para 2)

Oct 29 2013, 6:30am CDT | by IANS

Washington, Oct 29 (IANS) Mukesh Ambani remains India's richest person with a wealth of $21 billion as India's 100 richest expanded their wealth by a modest three percent from a year ago to $259 billion, according to Forbes magazine.

Washington, Oct 29 — Mukesh Ambani remains India's richest person with a wealth of $21 billion as India's 100 richest expanded their wealth by a modest three percent from a year ago to $259 billion...

Filed under: news

YouTube Videos

 
 
 

51 weeks ago

Mukesh Ambani remains India's richest person (Lead, inserting word in para 2)

Oct 29 2013, 6:30am CDT | by IANS

Washington, Oct 29 (IANS) Mukesh Ambani remains India's richest person with a wealth of $21 billion as India's 100 richest expanded their wealth by a modest three percent from a year ago to $259 billion, according to Forbes magazine.

Washington, Oct 29 — Mukesh Ambani remains India's richest person with a wealth of $21 billion as India's 100 richest expanded their wealth by a modest three percent from a year ago to $259 billion, according to Forbes magazine.

The latest Forbes rich list released Tuesday says that though the wealth of the oil and gas tycoon behind Reliance Industries remains unchanged from a year ago, he remains bullish and plans to invest $25 billion in his businesses over the next three years.

Growth in wealth was lacklustre due to India's stumbling economy, which has been hit by inflation and a falling rupee, the US business magazine said.

Steel magnate Lakshmi Mittal is at No.2 with wealth of $16 billion, also unchanged from a year ago. His company, ArcelorMittal continues to face weak demand for steel amid a global supply glut.

Bucking the trend is pharmaceutical magnate, Dilip Shanghvi, founder of the country's most valuable drugmaker, Sun Pharmaceutical Industries, who moved into the No.3 spot for the first time, Forbes said.

This year's biggest dollar gainer with wealth of $13.9 billion, Shanghvi added $4.7 billion to his fortune, which accounted for half of the overall three percent gain.

Azim Premji is No.4 on the list with wealth of $13.8 billion, up $1.6 billion from a year ago.

He was followed by Pallonji Mistry, $12.5 billion at No.5; Hinduja brothers, $9 billion at No.6; Shiv Nadar, $8.6 billion at No.7; Adi Godrej, $8.3 billion at No.8; Kumar Mangalam Birla, $7.6 billion at No.; and Sunil Mittal, $6.6 billion at No.10.

There are 65 billionaires on the list, four more than last year. Some of those new billion-dollar fortunes were made not in India but in the Middle East, Forbes noted.

Bahrain resident Ravi Pillai, the richest newcomer on this year's list, made his $1.7 billion fortune in Saudi Arabia with his construction business, Nasser S Al-Hajri Corp; and retail mogul M.A. Yusuff Ali, created his $1.6 billion wealth with his Lulu Group in Abu Dhabi.

There are 15 newcomers, and many old names have slipped down the list or fallen off.

More than half of last year's rich listers who returned to the ranks saw their fortune fall, including Savitri Jindal who lost $3.3 billion. The minimum net worth to make the cut increased to $635 million from $460 million last year.

(Arun Kumar can be contacted at arun.k@ians.in)

IANS

Source: IANS

 
Update
3

6 days ago

Message received

Oct 14 2014 10:33am CDT | Source: Business Standard

News of Mukesh Ambani's son and daughter's accession to the boards of two Reliance group firms duly received saturation coverage. Since promoters' children regularly join their own company's boards, the development ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
2

1 week ago

RIL names Ambani kids to retail, telecom unit boards

Oct 13 2014 1:31am CDT | Source: Bridgeville Public Library

The appointment of twins Isha and Akash Ambani was approved by the boards of Reliance Jio Infocomm and Reliance Retail Ventures on ...
Source: Bridgeville Public Library   Full article at: Bridgeville Public Library
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Non-smokers face major health risks in smoking homes
London, Oct 21 (IANS) Living with smokers is as bad as living in smoke-free homes in heavily polluted cities such as Beijing or London, researchers said.
 
 
Finally Nepal, India sign power trade agreement
Kathmandu, Oct 21 (IANS) Nepal and India here Tuesday formally signed a landmark power trade agreement (PTA), allowing exchange of electricity, which is expected to open up new vistas of cooperation in the hydropower sector between the two energy-starved nations.
 
 
Depressed people, too, believe in brighter future
Toronto, Oct 21 (IANS) Like most adults, even depressed people believe in a brighter future, but for them this optimistic belief may not lead to better outcomes, found a research.
 
 
Indian-origin sisters develop tool to detect lung, heart disease
Washington, Oct 21 (IANS) Two Indian-origin high school students Ilina and Medha Krishen have developed screening tools to detect lung and heart disease using electronic stethoscopes.
 
 
 

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
 
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
 
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
 
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
 
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
 
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
 
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
 
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
 
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
 
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla