The Richie Rich's of India!!!

India's rising stock market and a booming economy that's expanding by 8.5 per cent have boosted the net worth of India's richest people, according to the latest Forbes' India Rich List.The combined net worth of India's 100 richest people is $300 billion, up from $276 billion last year. This year, there are 69 billionaires on the India Rich List, 17 more than last year.

Mukesh Ambani, head of Reliance Industries, has topped the latest Forbes' India Rich List with a net worth of $27 billion, for the third consecutive time. Steel magnate Lakshmi Mittal, remains at No. 2 with a net worth of $26.1 billion. However both are less well off than they were a year ago.

The 100 richest Indians have a combined wealth of $300 billion, an all-time high and more than the combined GDPs of all the other nations in South Asia put together.

Let us take a look at the top 5 richest Indians:

1.Mukesh Ambani

Reliance Industries chairman Mukesh Ambani is the richest man in India with $27 billion in net worth. At $27 billion, Mukesh Ambani is as rich as Larry Ellison, the third richest American. Bill Gates at $54 billion is twice as rich as Ambani.

2.Lakshmi Mittal

Owner of ArcelorMittal, this business tycoon has stake in British soccer team QPR. Mittal is looking to invest in Brazil, India and West Asia. He owns 12-bedroom mansion in London's posh Kensington area.

3.Azim Premji

The software czar's company Wipro has done well over the last one year, recording a significant turnaround making Azim Premji the third richest Indian.

4.Shashi Ruia

The Ruia-owned Essar Group is looking for major expansions in all its businesses, including steel, oil and power. Essar Oil bought 50 per cent in Kenya Petroleum Refineries in July and is negotiating with Royal Dutch Shell to acquire three refineries. The Ruia’s stand at 4th rank.


5.Savitri Jindal

She is the non-executive chair of O P Jindal Group who took over the reigns of the steel and power conglomerate founded by her late husband Om Prakash in 1952.Shes in the 5th richest Indian.

Source: Rediff