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Mukesh Ambani India's richest man for 9th consecutive year

He was followed by Sun Pharma's Dilip Shanghvi to the second spot with a wealth of $16.9 billion

Policy Pulse
Publish Date: Sep 22 2016 3:00PM | Updated Date: Sep 22 2016 5:18PM

Mukesh Ambani India's richest man for 9th consecutive year

 Business tycoon Mukesh Ambani has been named India's richest person for a ninth consecutive year with increase in networth to $22.7 billion.

 
He was followed by Sun Pharma's Dilip Shanghvi to the second spot with a wealth of $16.9 billion. 
 
Hinduja Family moved up to third place ($15.2 billion) on the annual Forbes list of India's 100 Richest People. Wipro's Azim Premji stood fourth with a networth of USD 15 billion. 
 
Patanjali Ayurved's Acharya Balkrishna made an entry at the 48th position with a networth of $2.5 billion on the list compiled by the US magazine known for its rich lists.
 
Mukesh Ambani's wealth increased in last one year from $18.9 billion to $22.7 billion on 21 percent raise in share price of Reliance Industries, the flagship company of his group. He was ranked 36th in the worldwide rich list. 
 
Younger brother Anil Ambani was ranked 32nd with a net worth of $3.4 billion. 
 
The list saw eight persons rejoining the ranks, which included Biocon's Kiran Mazumdar-Shaw at 65th place with $1.83 billion.