Billionaire Mukesh Ambani, chairman of India’s second-most valued firm ‘Reliance Industries’, has topped the ‘Barclays Hurun India Rich List 2018’ for the seventh consecutive year, with total net worth of ₹371,000 crore.
Barclays Hurun India Rich List 2018 — a compilation of the individuals in India having a net worth of ₹1,000 crore or more — featured 831 Indians compared to 617 last year.
Mr. Ambani is followed by London-based S.P. Hinduja, with net worth of ₹1,59,000 crore; and L.N. Mittal, with net worth of ₹1,14,500 crore. Azim Premji, with wealth of ₹96,100 crore, is fourth in the list, followed by Dilip Shanghvi with wealth of ₹89,700 crore.
The list was compiled on the basis of net worth of living Indians as on July 31, 2018, and relates to Indians, defined as born or brought up in India. The cumulative wealth of the 831 individuals featured in the list stood at $719 billion, amounting to a quarter of India’s GDP of $2,848 billion.
Mumbai emerged as the hub of the rich and famous — with 233 names hailing from the city; while New Delhi and Bengaluru accounted for 163 and 70 names respectively.
