Mukesh Ambani retains top spot on Forbes India's rich list with $108 billion net worth
Mumbai: Mukesh Ambani, chairman and managing director of Reliance Industries Limited (RIL), has retained the top position on Forbes’ 2024 list of the 100 richest Indian tycoons. According to Forbes, Mukesh Ambani was the second-biggest gainer in dollar terms, with wealth rising $27.5 billion in the past one year to $119.5 billion.
This comes as the RIL chief announced bonus shares as Diwali gift for Reliance investors. Ambani’s current net worth stands at $108.3 billion, making him the 13th richest person in the world.
The magazine’s report mentioned that the combined wealth of the top 100 individuals on Forbes rich list for 2024 reached a historic milestone of $1.1 trillion, reflecting a 40 percent increase from $799 billion in 2023.
The report highlighted that strong stock market, IPOs and mutual funds has resulted in the rich getting richer in India. The BSE Sensex has gained 30 percent since last year, Forbes said, adding, “As a result, more than 80 percent of those on the list are wealthier, with 58 adding $1 billion or more to their respective net worths.”
Gautam Adani, chairman of the Adani Group, secured the second position on the Forbes list with a combined family wealth of $116 billion. Savitri Jindal, matriarch of the steel-to-power conglomerate O.P. Jindal Group, moved up to third place for the first time, with a net worth of $43.7 billion, an increase of $19.7 billion from the previous year. She remains the richest woman in India.
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Tumkur: 24-year-old rider killed in car-bike head-on collision in Tiptur
Tiptur: A 24-year-old rider was killed on the spot in a head-on collision between his motorbike and a car near Bidiregudi of Kasaba hobli in the taluk.
The deceased rider, Vijay Kumar, was a resident of BL Koppalu Basaveshwara Nagara in Kasaba hobli, Arsikere taluk.
He was reportedly returning home after work at a welding factory near TM Manjunath Nagar Gate, Tiptur, when a car coming from the opposite direction collided with his bike near Bidiregudi. Vijay Kumar is said to have died at the spot due to the impact of the collision.
Locals have blamed the lack of signboards and other precautionary measures amid the construction of a four-lane national highway in the area, mainly between Bidiregudi and Konehalli. They have said that the carelessness of the National Highway Authorities of India (NHAI) has led to frequent accidents in the region.
“A meeting of officers from various government departments, including the police, was held recently under the chairmanship of the local legislator, but several NHAI officials were reportedly absent. Despite the meeting, officials appear careless in implementing safety measures, leading to a rise in accidents,” the locals said, demanding immediate action from the concerned authorities.
