Mukesh Ambani remains wealthiest Indian for 13th consecutive year

Forbes has released this year's list of the top 100 richest Indians and Mukesh Ambani once again gained the top spot in the Forbes India richest list of 2020. The chairman of Reliance Industries Limited,  continues to be the wealthiest Indian for the 13th consecutive year.  Among the 100 richest individuals in the country, Ambani is  ranked number one with a net worth of $88 billion. Ambani is followed by Adani Group’s Gautam Adani with a net worth of 20.4 billion dollars.  worth of 20.4 billion dollars, Hinduja brothers with a net worth of 12.8 billion dollar and Cyrus Poonawalla with a net worth of 11.5 billion dollar, ranks third, fourth and fifth respectively. 

“Top on the list was Mukesh Ambani, chairman of Reliance Industries. At number one for the thirteenth consecutive year, his net wealth stands at $88.7 billion. His company had a good year with $20 billion of investments in its mobile services business Jio Platforms. Facebook and Google, two of the world’s top technology companies were large investors as were a host of others–KKR, Silver Lake, Mubadala to name a few. The money also resulted in a rerating of the telecom sector with fellow tycoon Sunil Mittal moving up three slots to rank 11 with a net wealth of $10.2 billion,” Forbes noted.

Here is the list of India’s top 10 richest persons

1. Mukesh Ambani (88.7 billion dollar)

2. Gautam Adani (25.2 billion dollar)

3. Shiv Nadar (20.4 billion dollar)

4. Rafhakishan Damani (15.4 billion dollar)

5. Hinduja brothers (12.8 billion dollar)

6. Cyrus Poonawalla (11.5 billion dollar)

7. Pallonji Mistry (11.4 billion dollar)

8. Uday Kotak (11.3 billion dollar)

9. Godrej Family (11 billion dollar)

10. Lakshmi Mittal (10.3 billion dollar)

Richest Indians from 11th to 20th rank

11. Sunil Mittal (10.2 billion dollar)

12. Dilip Shanghvi (9.5 billion dollar)

13. Burman family (9.2 billion dollar)

14. Kumar Birla (8.5 billion dollar)

15. Azim Premji (7.9 billion dollar)

16. Bajaj family (7.4 billion dollar)

17. Madhukar Parekh (7.2 billion dollar)

18. Kuldip and Gurbachan Singh Dhingra (6.8 billion dollar)

19. Savitri Jindal (6.6 billion dollar)

20. Murali Divi (6.5 billion dollar)