Mukesh Ambani is once again the richest Indian tycoon with a whopping USD 38 billion personal wealth. Ambani continues to wear the richest Indian's crown for the 10th successive year, a feat never achieved before by any Indian resident businessman.
Forbes in their annual list of 100 richest Indian businessmen says Ambani whose Reliance Industries, RIL, holds sway over India's energy sector added to his personal wealth a staggering $15.3 billion last year only.
The title makes him the biggest dollar gainer on the list and one of Asia’s top five richest, a report on moneycontrol.com said. Apart from that, total value of India's 100 richest tycoons has also gone up to a mind-blowing $479 billion, that is an increase of 26 per cent from earlier $374 billion in 2016, the report added.
Ranked second on the list, tech tycoon Azim Premji is another big gainer jumping two places, with his net worth rising by $4 billion to $19 billion this year. The gain is partly due to increased revenue and profit at his privately held consumer-goods business Wipro Enterprises, which makes everything from soaps to lightbulbs. The Hinduja brothers (No. 3, $18.4 billion) added $3.2 billion to their net worth.