Thursday 25 October 2012

Mukesh Ambani richest Indian for 5th straight year: Forbes


NEW DELHI: Mukesh Ambani has retained his position as the world's richest Indian for the fifth year in a row, although his networth declined by USD 1.6 billion to USD 21 billion but remained well above that of the second-ranked Lakshmi Mittal.
Steel baron Mittal's networth also fell by USD 3 billion at USD 16 billion, making him the second richest, as per global business magazine Forbes' annual ranking of 100 wealthiest Indians, released today.
Ambani, who heads energy-to-retail conglomerate Reliance Industries group, and Mittal were followed by IT czar Azim Premji (USD 12.2 billion), construction major and Tata group's major shareholder Shapoorji Pallonji group patriarch Pallonji Mistry (USD 9.8 billion) and drugmaker Sun Pharma's Dilip Shanghvi (USD 9.2 billion) in the top-five.

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