Forbes releases India rich list 2015, Ambani tops again 4/5 (1)

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Source: www.firstpost.com

Mukesh Ambani topped the latest Forbes Richest Indians list released on Wednesday night. With a net worth of 18.9 billion dollars, this is the ninth year in a row that he has topped the list; despite the fact that his wealth fell by 4.7 billion dollars.

The top ten in the list include:

Rank

Name Net Worth Age Origin of Wealth

#1

Mukesh Ambani $18.9 B 58

petrochemicals, oil & gas

#2

Dilip Shanghvi $18 B 59

pharmaceuticals

#3

Azim Premji $15.9 B 70

software services

#4

Hinduja Brothers $14.8 B

diversified

#5

Pallonji Mistry $14.7 B 86

construction

#6

Shiv Nadar $12.9 B 70

software services

#7

Godrej Family $11.4 B

Consumer products

#8

Lakshmi Mittal $11.2 B 65

steel

#9

Cyrus Poonawalla $7.9 B 74

vaccines

#10 Kumar Birla $7.8 B 48

commodities

Source: Forbes magazine

 

Flipkart founders Sachin and Binni Bansals and IndiGo airlines co-founder Rakesh Gangwal made their debut alongwith ten other newcomers. Gangwal’s partner Rahul Bhatia was among the notable gainers (38th rank, moved up 12 positions) with Vaccine maker Serums Cyrus Poonawalla (9th rank, five ranks up from last year).

The list was prepared using shareholder and financial data from families and individuals, stock exchanges, analysts and regulators. The list also includes shared family fortunes of extended families (as in the case of Godrej and Bajaj), while share price and exchange rates of September 11 were used to calculate public fortunes. Values of the privately held companies were based on their peer group companies that were publicly listed. The minimum threshold to make it to the list has increased to 1.1 billion dollars (compared to 1 billion dollars last year) in 2015.

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