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Mukesh Ambani Wealthiest Indian, Amazon Founder Jeff Bezos World’s Richest Man

According To The Ninth Annual Hurun Global Rich List, Amazon Has Lost USD 7 Billion In One Year.

News Nation Bureau | Edited By : Victor Dasgupta | Updated on: 27 Feb 2020, 11:18:34 PM
Ambani Reliance

Mukesh Ambani (Photo Credit: PTI)

New Delhi:

Amazon founder and CEO Jeff Bezos retained the top spot in the list of richest persons in the world. According to the ninth annual Hurun Global Rich List, Amazon has lost USD 7 billion in one year. Bezos has retained the top spot for the third year with an estimated net worth of USD 140 billion. French billionaire business magnate Bernard Arnault ranked second, with an estimated worth of USD 107 billion, up USD 21 billion from last year, according to Hurun Global Rich List 2020. Microsoft founder Bill Gates and Warren Buffett were on third and fourth spots, respectively.

Mukesh Ambani, Reliance Industries (RIL) Chairman, also featured in the list with a net worth of USD 67 billion. He is the only Indian who managed to grab a spot in the top 10 list. Ambani, 62, ranked among 10 richest billionaires for the second time after a USD 13 billion or 24 per cent jump in his wealth to USD 67 billion. According to a recent global rich list, Banker Uday Kotak is now the world’s richest self-made banker. The Indian billionaire banker is the executive vice chairman and managing director of Kotak Mahindra Bank.

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According to the Hurun Global Rich List for 2020, "With a net worth of Rs 1,04,300 crore ($15 bn), Kotak has stormed into global 100 making him the richest self-made banker in the world." The Kotak Mahindra Bank chairman holds the 91st rank in the list.

Hinduja group's SP Hinduja and family (USD 27 billion), Adani group Chairman Gautam Adani (USD 17 billion), HCL's Shiv Nadar and family (USD 17 billion), ArcelorMittal's Lakshmi N Mittal (USD 15 billion), and Kotak Mahindra Bank's Uday Kotak (USD 15 billion), were among other Indians who featured in the top 100 of Hurun Global Rich List.

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Bezos, Arnault, Gates and Buffett were the only four billionaires on the list with wealth over $100 billion.

According to Business Today, Hurun Report India MD and chief researcher Anas Rahman Junaid said, "Indian billionaires are defying gravity. The structural slowdown in the economy does not seem to hamper the growth of Indians in the Hurun Global Rich List. The missing pieces in the puzzle are automobile and the real estate sector and we expect exponential wealth creation in those sectors in the coming years."

"If the economy were to grow apace to meet the $5 trillion target, the total wealth creation would at least double the current value," Junaid added.

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First Published : 27 Feb 2020, 11:18:05 PM