IndianEra > Business > Forbes India Rich List 2019: Challenging Year for Wealthies, Mukesh Ranks First!

For the 12th year in a row, Mukesh Ambani is again the richest Indian in the ‘Forbes India Rich List’!

The ‘Forbes India Rich List 2019’ featured Reliance Industries Chairman at the top of its list as his net worth that increased to USD 51.4 billion.

“He added USD 4.1 billion to his net worth as Jio, the three-year-old telecom unit of his Reliance Industries, became one of India’s biggest mobile carriers with 340 million subscribers,” Forbes said in a statement.

With the net worth of USD 15.7 billion, Gautam Adani moved eight spots up to secure the second position in the list.

Gautam Adani

Next to Ambani and Adani in the list are Hinduja brothers, Shapoorji Pallonji Group’s Pallonji Mistry, Kotak Mahindra Bank’s Uday Kotak and HCL Technologies’ Shiv Nadar.

A USD 4 billion surplus placed Uday Kotak at top-5 of the list for the first time!

Six newcomers made it to the list: Byju Raveendran (at 72th position with USD 1.91 billion wealth), Manohar Lal and Madhusudan Agarwal of Haldiram Snacks (86th position with USD 1.7 billion), and Rajesh Mehra of Jaquar (95th position with USD 1.5 billion).

Vijay Shekhar Sharma of Paytm (56th position with USD 2.35 billion) made it to the list of ‘Billionaires Under 50 years of age’ followed by Vikas Oberoi (63th position with USD 2.11 billion) and Byju Ravindran (72th position with USD 1.91 billion), among others.

“Challenging year for the nation’s wealthies,” reads another statement, supported by the fact that the economic slowdown has hit the total wealth of ‘wealthiest Indians of 2019’ by around 8% amounting USD 452 billion.

Auto parts maker Vivek Chaand Sehgal’s net worth more than halved to $2.45 billion given the drastic slowdown in the automobile industry.

“In all, 14 were poorer by USD 1 billion or more, and nine members from last year’s ranks dropped off. More than a third of that decline was due to the remarkable largesse of tech tycoon Azim Premji, who gave away a chunk of his fortune in March and consequently dropped in the ranks to No. 17 from No. 2,” Forbes said.

Top Indian Tech Billionaires in 2019

Top Indian Tech Billionaires

India’s Top 10 Technology Billionaires – Forbes 2019 
S.No Name Worth
1 Shiva Nadar $14.4 Bn
2 Azim Premji $7.2 Bn
3 NR Narayana Murthy $2.47 Bn
4 Senapathy GopalKrishnan $2.36 Bn
5 Vijay Shekhar Sharma $2.35 Bn
6 Byju Raveendran $1.91 Bn
7 Sridhar Vembu $1.83 Bn
8 Nandan Nilekani $1.81 Bn
9 K Dinesh $1.61 Bn
10 Bhavin and Divyank Turakhia $1.54 Bn

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Posted by IndianEra, 11/10/2019