Reliance Industries Chairman Mukesh Ambani has topped the Forbes' '100 Richest Indians' list with a net worth of USD 22.7 billion in the annual India rich list released. The combined net worth of India’s 100 wealthiest is $381 billion, a rise of 10 percent from $345 billion in 2015. Ambani, who retains his number one spot for the ninth consecutive year, saw his wealth increase from $18.9 billion last year as shares of Reliance Industries rose by 21 percent in the past 12 months. The oil-to-retail conglomerate launched its 4G phone service, Jio, this September.
Sun PharmaBSE 1.03 %'s Dilip Shanghvi was ranked a distant second with a wealth of USD 16.9 billion. The Hinduja Family moved up to the third position (USD 15.2 billion) on the annual Forbes list of India's 100 Richest People. Wipro's Azim Premji slipped one place to fourth with a networth of USD 15 billion. Yoga guru Ramdev's aide Balkrishna, who is co-founder of consumer goods company Patanjali Ayurved, has debuted on Forbes magazine's '100 Richest Indians' list. Forbes pegged his net worth at $2.5 billion (nearly Rs. 16,000 crore) and he was ranked at 48th position on the list. The magazine attributed his net worth to his 97 per cent holding in Patanjali Ayurved, which he co-founded with yoga guru Ramdev.
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