Forbes List of Richest Indians 2019

Forbes List of Richest Indian 2019

Forbes List of Richest Indians 2019

In the middle of this collapsing economy, the total wealth of top business persons on the list of richest Indians by Forbes is reduced to 8% from last year.

More than 50 percent of the rich people in India saw a decline in their wealth. Even in this economy, few business leaders saw a big increase in their net worth.

For the 12th time in a row, Mukesh Ambani remains at the top of the list of richest Indians in 2019 with a net worth of over $51 billion. Since the introduction of JIO, he added around $4 billion to his net worth as JIO is the largest mobile network in India having almost 340 million users.

This list of richest Indians also saw the rise of Gautam Adani as he jumped from the eighth position to the second position with a net worth of over $15.7 billion. He stepped into a new business of data centers and after 9 odd years, he gets permission to start work in a coal mine in Australia.

3rd position is secured by Hinduja Brothers with a net worth of $15.6 billion while the 4th place is secured by Pallonji Mistry with $15 billion of net worth. With a $ 4 billion boost to the net worth of Uday Kotak, he raised in the top 5 for the first time as his net worth is $14.8 billion.

In the list of the top 100 richest Indians we saw the return of four people: –

Moffat raj Munot of Kalpataru with a net worth of $1.85 billion is in the 75th position
RajjuShroff of UPL is at 87th position with $1.69 billion
K.Dineshand S.D Shibulal co-founders of Infosys are at 89th and 100th position with $1.61 billion and $1.4 billion respectively.

The List of Richest People in the World 2020

There are six new entries in this list: –

Singh family at 41st position with $3.18 billion who inherited Alkem Laboratories
ByjuRaveendran at 72nd place with $1.91 billion is the founder and CEO of tech unicorn Byju's
Mahendra Prasad at 81st position with $1.77 billion owner of Aristo Pharmaceuticals
Manohar Lal and Madhusudan Agarwal are at the 86th spot with 1.71 billion Haldiram Snacks
Rajesh Mehra at 95th place with $1.5 billion owns the sanitary ware brand Jaquar
SandeepEngineer at 98th spot with $1.45 billion who owns Astral Poly Technik.

Azim Premji the owner of Wipro who was in the second position last year slipped to the 17th as he gave away some of his fortunes early this year.

Many business leaders linked to the automobile and consumer goods industry have faced losses as the auto parts maker Vivek Chaand Sehgal's shares fell 61 percent.