Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Mobile Downloads
Text 67333
Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this Article


Home > Business > PTI > Report


Mukesh Ambani, the first Indian trillionaire

September 25, 2007 18:42 IST
Last Updated: September 25, 2007 18:57 IST


Reliance Industries [Get Quote] chairman Mukesh Ambani became the first person in the country on Tuesday with a net worth of more than Rs 2 trillion as a booming stock market pushed the value of his shareholding in various group firms.

Ambani's cumulative wealth based on his promoter holding in group companies, led by India's most valued firm RIL, rose to Rs 2,04,945 crore (Rs 2,049.45 billion) at the close of Tuesday's trading, consolidating his position as the richest Indian businessman.

His younger brother Anil stood at second position with a net worth of Rs 1,17,710 crore (Rs 1,177.10 billion), taking a marginal lead over realty giant DLF's K P Singh who has a net worth of Rs 1,15,225 crore (Rs 1,152.25 billion).

The two Ambani brothers and Singh are the only three rupee trillionaires in the country based on the wealth from promoter shareholdings in various group companies.

Telecom major Bharti Airtel's [Get Quote] Sunil Mittal is seen moving toward joining this super-elite club with a net worth of about Rs 91,500 crore (Rs 915 billion). Wipro's [Get Quote] Azim Premji, once the richest Indian, is at fifth place with a net worth of about Rs 50,600 crore (Rs 506 billion).

The collective wealth of the five richest Indians has surged to about Rs 5,60,000 crore (Rs 5,600 billion), over 11 per cent of the total investor wealth of about Rs 51,11,546 crore (Rs 51,115.46 billion) invested in Indian stock market.



© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.



Advertisement
Advertisement