Business

Mukesh Ambani Makes Debut Into Top 10 Global Rich List By China's Hurun

ANJALI NEGI | 0
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| February 27 , 2019 , 19:05 IST

Reliance Industries Chairman and Managing Director Mukesh Ambani became the first Indian to enter the global top 10 richest billionaire list compiled by Hurun Research, which was released on Wednesday.

Mukesh and brother Anil may have started with similar amounts inheriting from their father. Mukesh added $30 billion in the past seven years but Anil has lost over $5 billion, from $7 billion $1.9 billion this year.

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 8th, thanks to a rally in RIL shares, which had topped the Rs 8-lakh-crore-mark last month. Ambani owns almost 52 percent in Reliance.

"The only Asian in the Top 10, Ambani's wealth is based on telecom, retail, and energy, and bucked the poor stock market trend in India last year," Hurun Research said in a statement.

S.P. Hinduja whose ranking is 40 globally and number two in India, has estimated the wealth of $21 billion (₹1,50,500 crore), as per the list. Azim Premji, at position 57 globally and third-richest in India, is followed by Cyrus Poonawalla and Laxmi Mittal who are globally ranked 100 and 112 respectively.

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

With a wealth of $96 billion, Microsoft founder Bill Gates ranks second in the global list followed by Warren Buffet, chairman of Berkshire Hathaway with the net worth of $88 billion, LVMH's Bernard Arnault at $86 billion at the fourth slot. Facebook's Mark Zuckerberg with the net worth of $80 billion is at the fifth position.

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