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Mukesh Ambani Remains The Richest Indian with Assets Worth $18.9 Billion

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Reliance Industries chairman and Energy tycoon Mukesh Ambani is the richest Indian alive today, with total assets worth $18.9 billion. His younger brother Anil Ambani, chairman of Anil Dhirubhai Ambani Group is worth $7.1 billion, and has been ranked as 11th richest Indian.

These findings were disclosed by Hurun Rich List, which ranks the wealthiest persons of the world. Initially started for Chinese elite, Hurun Rich List now ranks the richest persons from all over the world.

Top 10 richest Indians

  1. Reliance Industry’s Mukesh Ambani with assets worth $18.9 billion
  2. ArcelorMittal’s Lakshmi Niwas Mittal with assets worth $15.9 billion
  3. Sun Pharmaceuticals’ Dilip Shanghvi with assets worth $13 billion
  4. Wipro’s Azim Premji with with assets of $12 billion
  5. HCL Technology’s Shiv Nadar with assets worth $8.6 billion
  6. Grasim Industries’ Kumar Mangalam Birla with assets worth $8.4 billion
  7. Godrej Group’s Adi Godrej with assets worth $8.1 billion
  8. Pallonji Mistry of Shapoorji Pallonji & Co with assets worth $8 billion
  9. Shashi & Ravi Ruia of Essar Energy with assets worth $7.6 billion
  10. Sunil Mittal of Bharti Airtel with assets worth $7.3 billion

The minimum qualification for entering this elite list is having net worth of $300 million, and based on this criterion, 141 Indians were found to be eligible. Last year, this list has contained only 101 Indians. The calculations for finding the net worth of the richest Indians were based on the exchange rate to US dollar as on October 18, 2013 which was Rs 61.50.

The total net worth of India’s top 100 richest persons grew to $250 billion in 2013 compared to $221 billion last year. This growth has been achieved despite sliding value of Indian rupees and high inflation.

Dilip Shanghvi, founder of Sun Pharmaceuticals surprised everyone as he gate crashed directly into 3rd position. His personal fortunes has increased by over 65% in the last year and stand at $13 billion as his cancer drug Doxil has witnessed unprecedented sales all over the world. Laxmi Niwas Mittal, steel tycoon based in London is ranked #2 with total assets worth $15.9 billion; which is a decline of 6% compared to last year.

Another surprise entry in this list is Shahrukh Khan, the Bollywood superstar and co-owner of IPL team KKR and Red Chillies Entertainment. With total net worth of $400 million, he has been ranked at #114.

Among women, Savitri Jindal is the richest Indian, with total assets worth $5.1 billion. She is the non-executive chairperson of OP Jindal Group, which manufacturer steel. She is followed by Indu Jain, chairperson of India’s largest media group Bennett, Coleman & Company. She is having personal net worth $1.9 billion. She is followed by Anu Aga, Kiran Mazumdar-Shaw and Shobhana Bhartia ranked 3rd, 4th and 5th.

Overall, women constitute only 4% of the overall rich list.

Some other interesting information from this finding:

– Most of the India’s richest persons live in Mumbai. Out of top 100, 36 reside in Mumbai, whereas 22 of them reside in Delhi and 15 in Bangalore.

– 9% of all Richest Indians live abroad.

– Besides Mittal, some other richest Indians who live outside India: Micky Jagtiani (Dubai) and Bhupendra Kumar Modi (Singapore), S P Hinduja and Family (London), Anil Agarwal (London), Aloke Lohia (Bangkok), Kavitha Ram Shriram (California), Romesh T Wadhwani (California),Manoj Bhargava (Michigan),Sri Prakash Lohia (London),Vinod Khosla (California), MA Yousuf Ali (Dubai)

– Manufacturing is the industry which has the most of the richest persons, closely followed by Pharmaceuticals, Real Estate, Infrastructure and Energy.

– Here is the list of Cities and Countries with most Billionaires

Richest Countries & Cities

  1. Altaf Rahman says

    Hi Arun, Mohul,
    Writing the below just for chatting sake.
    At least Russian mafia billionaires (the non-oil Czars) have found a “way of declaring their wealth” and joining the list of global elite.
    If the non official Indian Billionaires (who made their fortune by “other means”) find such ways, India will have 100 times more Billionaires.
    Or if put in other words, the surveys should list two types of Billionaires. White Billionaires and Black Billionaires.
    It will be an interesting statistic to read about Black Billionaires in various countries / cities :)
    Just my two paisa :)

  2. Mohul says

    Hey Altaf.. thanks for the comment! As Arun shared, Oil is one of the most happening industries in Russia, and the rest of the money is in the hands of mafia. One point I would like to add.. Russia has the most extreme income distribution in the whole world.. you wont believe but the country’s 90% of the wealth is with only 10% of the elite.. the poor are very poor in Russia.. And most the billionaires from Taiwan are now in Japan or Korea to get away from Chinese threat.. :)

  3. Altaf Rahman says

    Nice informative article.
    Things I noticed :
    1) Out of total 88 Russian Billionaires, 76 live in Moscow. It strengthens the theory that Russian wealth is in the hands of very few aggressive, well connected mafia.
    2) I wonder where the 32 Taiwanese Billionaires live other than Taiwan :)

    Just my two paisa :)

    1. Arun Prabhudesai says

      Hey Altaf,

      More than half the billionaires in Russia are Oil Czars who have made money from Oils…and other half are from Mafia World :)

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