Reliance Industries chairman Mukesh Ambani has topped the Forbes magazine’s list of the top 100 richest tycoons in India for the eighth consecutive year with a net worth of $23.6bn, up $2.6bn from last year.
For the first time, the top 100 richest tycoons in India are all billionaires, according to the latest Forbes rich list. The combined net worth of India’s 100 wealthiest is $346bn, up more than a third from $259bn in 2013.
Dilip Shanghvi, founder of Sun Pharmaceutical Industries, India’s most valuable drug maker, is the new No2, overtaking steel baron Lakshmi Mittal, who slips to fifth place.
The 59-year old Shanghvi saw his fortune rise by $4.1bn to $18bn. Moving up one notch to No3 is Azim Premji, whose net wealth increased to $16.4bn from $13.8bn previously.