BusinessFeature

Mukesh Ambani is India’s richest man for the eighth consecutive year

New Delhi:  Mukesh Ambani has been adjudged the richest Indian, with a total fortune of Rs 3.8 lakh crore, by Hurun India in its joint report with IIFL Wealth.

Following Ambani is London-based SP Hinduja and family with Rs 1.5 lakh crore. On the third spot is Wipro founder Azim Premji with Rs 1.2 lakh crore, while Cyrus Poonawalla bagged the fourth spot with Rs 89,800 crore. On the fifth spot is Lakshmi Mittal with Rs 87,900 crore, Uday Kotak with Rs 75,600 crore is ranked sixth, Gautam Adani with Rs 70,600 crore is seventh, Dilip Shanghvi with Rs 67,300 crore is eighth, Cyrus Pallonji Mistry and Shapoor Pallonji Mistry with Rs 67,100 crore are the ninth richest Indians.

The Hurun India Rich List showed that the Reliance Industries (RIL) Chairman’s wealth increased by 3 per cent compared to the previous year.

“Mukesh Ambani, 62, is the richest Indian and Asian with a wealth of Rs 3,80,700 crore. Ambani chairs the oil and gas conglomerate, Reliance Industries, worth Rs 7,39,100 crore,” said a Hurun India statement.

Among the richest Indian families too, the Ambani family held the top spot, followed by the Godrej family, which also has businesses in several verticals.