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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further details are awaited.
