MUMBAI: Reliance Industries chairman
Mukesh Ambani has broken into the top 10 richest list globally
with a networth of USD 54 billion, while his younger brother
Anil has paled into the oblivion having lost over 65 percent
of his networth, according to a report.
The Hurun Global Rich List 2019 is topped by Amazon
chief Jeff Bezos for the second year in a row, while the
senior Ambani is placed 10th with a network of Rs 3.83 lakh
crore, thanks to a rally in RIL shares, which had topped the
Rs 8-lakh-crore-mark last month. Ambani owns almost 52 percent
in Reliance.
Anil Ambani, held in contempt of court by the Supreme
Court last week for not paying up Ericsson Rs 540 crore, has
lost over USD 5 billion, from USD 7 billion seven years ago to
USD 1.9 billion this year, even though both the brothers got
off with more or less same amount of inherited wealth.
“Having started off similarly after the break-up of
the family wealth, Mukesh added USD 30 billion to his wealth
in the past seven years, while Anil has lost over USD 5
billion during the same period,” says the Hurun report.
The other wealthiest Indians are Hinduja group
chairman SP Hinduja with networth of USD 21 billion, Wipro
chairman Azim Premji is at third with a networth of USD 17
billion, says the report released Tuesday.
Cyrus S Poonawalla, chairman of the Poonawalla group
that run Serum Institute, with a networth of USD 13 billion is
not only ranked as the fourth richest Indian but also breaks
into the top 100 global ranking.
Steel giant ArcelorMittal’s Lakshmi Mittal stands at
fifth position, followed by Kotak Mahindra’s Uday Kotak (USD
11 billion), Gautam Adani (USD 9.9 billion) and Sun Pharma’s
Dilip Shanghvi (USD 9.5 billion).
Cyrus Pallonji Mistry and Shapoorji Pallonji Mistry,
both with wealth of USD 9.5 billion each come in the ninth and
the 10th position, respectively, thanks to their 18.4 percent
holding in the country’s largest conglomerate Tata group.
(AGENCIES)
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