TIL Desk/Business/Mumbai/ Reliance Industries’ Chairman Mukesh Ambani has once again topped the list of Forbes’ richest Indians for the 12th year in a row as his net worth swelled to $51.4 billion.
“He added $4.1 billion to his net worth as Jio, the three-year-old telecom unit of his Reliance Industries, became one of Indias biggest mobile carriers with 340 million subscribers,” Forbes said.
A “challenging year for the nation’s wealthies” because of the economic slowdown, spelled an 8 per cent fall in the total wealth of the tycoons on the 2019 list, amounting to $452 billion.
“In all, 14 were poorer by $1 billion or more, and nine members from last years ranks dropped off. More than a third of that decline was due to the remarkable largesse of tech tycoon Azim Premji, who gave away a chunk of his fortune in March and consequently dropped in the ranks to No. 17 from No. 2,” Forbes said.
