Chennai: Reliance Industries chairman Mukesh Ambani has broken into the top 10 richest list globally with a networth of $54 billion, 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 nearly 52 per cent in Reliance.
The news however was not sweet for the other Ambani as Anil has paled into the oblivion having lost over 65 per cent of his networth, said the report.
Anil Ambani has lost over $5 billion, from $7 billion seven years ago to $1.9 billion this year, the report said.
“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 Hinduja group chairman SP Hinduja with networth of $21 billion, Wipro chairman Azim Premji is at third with a networth of $17 billion, says the report released on Tuesday.
Cyrus S Poonawalla, chairman of the Poonawalla group that run Serum Institute, with a networth of $13 billion is ranked as the fourth richest Indian, while also breaking into the top 100 global ranking.
Steel giant ArcelorMittal’s Lakshmi Mittal stands at fifth position, followed by Kotak Mahindra’s Uday Kotak ($11 billion), Gautam Adani ($9.9 billion) and Sun Pharma’s Dilip Shanghvi ($9.5 billion).
Cyrus Pallonji Mistry and Shapoorji Pallonji Mistry, both with wealth of $9.5 billion each come in the ninth and the 10th position, respectively, thanks to their 18.4 per cent holding in the country’s largest conglomerate Tata group.
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 that first time that India has slipped to the fifth rank in the Hurun Global Rich List. An underperforming rupee and a lackluster stock market resulted in the country losing one-third of the list,” MD and chief researcher, Hurun Report India, Anas Rahman Junaid said.
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. Facebook’s Mark Zuckerberg with networth of $80 billion is at the fifth position.