As per report from sources with $22.7 billion (Rs 151,477 crore) net worth, Reliance Industries Chairman Mukesh Ambani is the richest Indian for the ninth consecutive year, American business magazine Forbes India has said on Thursday and Ambani, 59, who retains the top spot in the annual list of 100 richest Indian tycoons, had seen his wealth increase to $22.7 billion from $18.9 billion last year as shares of Reliance Industries rose 21% over 12 months.



Dilip Shangavi of drug major Sun Pharmaceutical Industries is the second richest Indian with $16.9 billion net worth though his personal wealth declined $1.1 billion due to its share price dropping, while London based Hinduja brothers, with a combined network of $15 billion in 2016 as against $14.8 billion in 2015, are third.


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Meanwhile the Forbes India Editor Sourav Majumdar has stated that  India appears a steady ship with an economy growing at 7% plus, where the majority of India’s 100 richest have notched up handsome gains as their companies outperformed the stock market in the past year.



Six newcomers to the list include serial entrepreneurs and brothers Bhavin and Divyank Turakhia (95, $1.3 billion), who make the ranks after selling their ad tech firm Media.net for $900 million to a consortium of Chinese investors in August. Flip kart co-founders Sachin Bansal and Binny Bansal, however, dropped out from the list as their net worth fell below the minimum amount, along with 11 others, including textile tycoon Balkrishan Goenka.

 


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