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Mukesh Ambani with $44 bn top Indian in Forbes world billionaires' list; Radhakishan Damani at 65th spot

Shiv Nadar, Hinduja brothers, Uday Kotak are among the other Indians on the list.

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Last Updated: Apr 09, 2020, 02.58 PM IST
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Mukesh Ambani is at the 17th in the world billionaires list by Forbes, while Radhakishan Damani who is touted as India's retail king is at a distant 65th position.
NEW DELHI: Reliance Industries' Chairman Mukesh Ambani has been ranked 17th in the latest world billionaires list by Forbes with a net worth of $44.3 billion – once again leading the tally from India's perspective.

Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies.

Reliance Jio has signed on more than 340 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones, said the report.

The next Indian on the 34th annual list - veteran Mumbai investor Radhakishan Damani who is touted as India's retail king after the March 2017 IPO of his supermarket chain DMart – is at a distant 65th position with a net worth of $16.6 billion.

Damani got into retailing in 2002 with one store in suburban Mumbai and has been unstoppable since. His property portfolio includes the 156-room Radisson Blu Resort in Alibaug and a popular beach-front getaway close to Mumbai, according to the report.

At 114th position, HCL Technologies Founder Shiv Nadar is worth $12.4 billion. One of India's leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation.

While Hinduja brothers are at 116th position with $12.2 billion net worth. Srichand and Gopichand live in London and Prakash resides in Monaco while the youngest sibling Ashok oversees their Indian interests from Mumbai.

At 138th position, Uday Kotak is worth $10.7 billion. His Kotak Mahindra Bank is now among India's top four banks in the private sector, boosted by its 2014 acquisition of ING Bank's Indian operations.

The War Against Coronavirus: Pichai, Jack Ma, Ambani & Other Top Bosses Show The Way

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Ma’s The Word

25 Mar, 2020
Chinese billionaire Jack Ma (C) showed his benevolent side as he pitched in to help the world fight the novel coronavirus. The founder of e-commerce major, Alibaba, Ma became the most talked about business figure after he said that he would marshall all available resources at his disposal to take on Covid-19. From donating emergency supplies (1.8M masks, 210K test kits, 36K protective suits, plus ventilators & thermometers) to Afghanistan, Bangladesh, Cambodia, Nepal, Pakistan & Sri Lanka in Asia to donating 20,000 test kits, 100,000 masks and 1,000 medical use protective suits in each of the 54 African countries, the 55-year-old proved that he was a good Samaritan whose charity was not mapped by geographical boundaries. And even as the business magnate didn’t have India in his list of beneficiaries, there was much talk in the country about his act of generosity. And what followed were natural questions: who among India’s rich was doing a Jack Ma?And it’s not just one individual, but a bunch of lion-hearted boardroom tycoons who have taken the pledge to help fight the virus that has thrown life off-track, in India and across the world.
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In January this year, the bank reached an agreement with the Reserve Bank of India over the issue of reducing Kotak's stake in the bank to 26 per cent.

Telecom tycoon Sunil Mittal is at 154th position with $9.5 billion net worth. Bharti Airtel today is among India's largest mobile phone operators with more than 418 million customers.

Others in the latest list are Cyrus Poonawalla who is founder of Serum Institute of India (at 161th position with $9.2 billion net worth), Gautam Adani at 162th position with $9.2 billion net worth and steel tycoon Lakshmi Mittal with $8.9 billion net worth at 170th spot, among others.

Richest Indian CEOs: These Bosses Beat Google Head Pichai, Nadella; 2 Woman Among Top 10

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Born Rich

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Famous last names are a constant feature on rich lists. But in this age of the superstar CEO, even non-promoter names can be spotted on the list of the wealthiest. The IIFL Wealth Hurun India Rich List 2019 has compiled the names of the ‘richest non-promoter Indians.’In this top 10 list, only one name totes resident Indian tag. The other nine are CEOs of Indian-origin, heading companies in the US.
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