Forbes announces the richest Indians of 2019, Ambani retains top spot

Mukhesh Ambani has retained the top spot in the list of Forbes richest Indians of 2019.
Written By Siddhu Manchikanti | Updated: October 11, 2019 17:51 IST
Forbes announces the richest Indians of 2019, Ambani retains top spot

This is the 12th consecutive year that Ambani has topped the list despite being a ‘challenging year’ for the Indian economy, according to the American business magazine. Ambani’s wealth swelled to $51.4 billion this year.  

Entrepreneur Gautam Adani secured the second position in the list after Mukesh Ambani. His assets have increased to $15.7 billion. Adani has improved 8 positions compared to the previous year.   
Ashok Leyland owners Hinduja brothers came third with a net worth of $15.6 billion, Shapoorji Pallonji Group’s Pallonji Mistry was on the fourth spot with a $15 billion net worth, Kotak Mahindra Bank’s Uday Kotak ranked fifth with $14.8 billion net worth followed by HCL Technologies’ Shiv Nadar with a net worth of $14.4 billion.   
This year also spelled an 8% drop in the total wealth of business tycoons on the Forbes’ 2019 list to $452 billion. It had been a “challenging year for the nation’s wealthies” owing to the economic slowdown.   
The list also included six newcomers who made their debut this year comprising Byju Raveendran (no. 72, $1.91 billion), Manohar Lal and Madhusudan Agarwal (No. 86, $1.7 billion) of Delhi-headquartered Haldiram Snacks and Rajesh Mehra (no. 95, $1.5 billion) of Jaquar.