According to Forbes, Ambani "added $4.1 billion to his net worth as Jio, a three-year old telecom unit of his Reliance Industries, became one of India’s biggest mobile carriers with 340 million subscribers."
The 62-year-old petrochemical and telecom boss, with a net worth of $51.4 billion, is followed by ports tycoon Gautam Adani. The 57-year-old runs the Adani Group that works in power generation and transmission, edible oil, real estate and defence.
There was a huge gap in the wealth of the two tycoons at the first and second spot, with Adani at $15.7 billion.
The Hinduja brothers, Srichand, Gopichand, Prakash and Ashok, who control the Hinduja Group came on the third spot with a collective wealth of $15.6 billion.
Pallonji Mistry, who runs the 154-year-old engineering and construction giant Shapoorji Pallonji Group, followed at number 4. The 90-year-old has a net worth of $15 billion.
Kotak Mahindra Bank's Uday Kotak ($14.8 billion) was at the fifth spot, followed by HCL's Shiv Nadar, who has a net worth of $14.4 billion.
Other names in the top 10 included Radhakishan Damani ($ 14.3 billion), the Godrej family ($12 billion), Lakshmi Mittal ($10.5 billion), and Kumar Birla ($9.6 billion).
There were no women in the top 10, and only three made it to the top 100. At $5.8 billion, Jindal Group matriarch Savitri Jindal is at number 20, followed by Biocon boss Kiran Mazumdar-Shaw ($2.38 billion) at number 54, and pharma giant USV India's Leena Tewari - with a worth of $1.92 billion - at 71.
38-year-old Byju Raveendran is the youngest billionaire on the list, ranking at the 72nd spot. With a net worth of $1.91 billion, the edu-tech startup boss made his debut on the list this year.
According to Forbes, that publishes the list, the net worth of more than half the list members fell.
Richest Indian CEOs: These Bosses Beat Google Head Pichai, Nadella; 2 Woman Among Top 10
Famous last names are a constant feature on rich lists. But in this age of the superstar CEO, even non-promoter names can be spotted on the list of the wealthiest. The IIFL Wealth Hurun India Rich List 2019 has compiled the names of the ‘richest non-promoter Indians.’
In this top 10 list, only one name totes resident Indian tag. The other nine are CEOs of Indian-origin, heading companies in the US.
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2 Comments on this Story
Citizen 416 days ago
I thought Ritesh Agarwal is the youngest billionaire.
Srinivasan Vedantam416 days ago
What use for readers and public as a whole ? whose GDP and income he cornered