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Mukesh Ambani is the world's 10th richest man!

Source: PTI
February 27, 2019 09:00 IST
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Jeff Bezos of Amazon tops the Hurun Global Rich List for the second consecutive year with networth of $147 billion.

Photograph: PTI Photo

Reliance Industries chairman Mukesh Ambani has broken into the top 10 rich list globally with a networth of $54 billion, while his younger brother Anil has paled into the oblivion having lost over 65 per cent 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 per cent 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 $5 billion, from $7 billion seven years ago to $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 $30 billion to his wealth in the past seven years, while Anil has lost over $5 billion during the same period," says the Hurun report.

The other wealthiest Indians are:

Rank 2: $21 billion

Hinduja group chairman S P Hinduja

Photograph: Courtesy, Hinduja Group

Rank 3: $17 billion

Wipro chairman Azim Premji

Photograph: Anushree Fadnavis/Reuters

Rank 4: $13 billion

Cyrus S Poonawalla, chairman of the Poonawalla group that runs Serum Institute

Photograph: Courtesy, Wikimedia Commons

Rank 5:

Lakshmi Mittal, chairman and CEO of steel giant ArcelorMittal

Photograph: Brendan McDermid/Reuters

Rank 6: $11 billion

Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank

Photograph: Danish Siddiqui/Reuters

Rank 7: $9.9 billion

Gautam Adani, Chairman and founder of Adani Group

Photograph: Amit Dave/Reuters

Rank 8: $9.5 billion

Dilip Shanghvi, founder and managing director of Sun Pharma

Photograph: Adeel Halim/Reuters

Rank 9: $9.5 billion

Cyrus Pallonji Mistry

Photograph: PTI Photo

Rank 10: $9.5 billion

Shapoorji Pallonji Mistry

Photograph: Reuters

According to the list, Smita Crishna, a third-generation heir of the Godrej family, tops the female billionaire list with a networth of $6.1 billion, while Kiran Mazumdar Shaw of Biocon is the richest self-made female entrepreneur ranked 671 with a wealth of $3.5 billion.

"Since 2012, this is for the first time that India has slipped to the fifth rank in the Hurun Global Rich List.

“An underperforming rupee and a lacklustre stock market resulted in the country losing one-third of the list," Hurun Report India managing director and chief researcher Anas Rahman Junaid said.

The report also points out that media billionaires had a bad year, led by Zee's Subhash Chandra and Sun TV's Kalanithi Maran who lost their networth substantially.

Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion, which may not hold for long as he is divorcing his wife who owns half of his 16 per cent in the world's largest online retailer.

Photograph: Mike Segar/Reuters

As per the report, the number of individuals featured in the 2019 edition has come down by 224 to 2,470 from 2,694 in 2018.

The cumulative wealth of these 2,470 individuals stood at $9.5 trillion amounting to 12 per cent of global GDP.

Photograph: Rick Wilking/Reuters

With a wealth of $96 billion, Microsoft founder Bill Gates (L) ranks second in the global list followed by Warren Buffet (R), chairman of Berkshire Hathaway with networth of $88 billion, LVMH's Bernard Arnault at $86 billion at the fourth slot.

Photograph: Albert Gea/Reuters

Facebook's Mark Zuckerberg with networth of $80 billion is at the fifth position.

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