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Mukesh Ambani Tops Barclays Hurun India Rich List For 7th Year

Indian billionaire industrialist Mukesh Ambani has topped the Barclays Hurun India Rich List-2018 for the 7th year in a row, with a fortune estimated at Rs. 371,000 crore or $36 billion.

Other Indian members of the 3-Comma club who featured top on the ranking include S.P. Hinduja & Family of Hinduja Group, Arcelor Mittal’s L.N. Mittal & Family, Wipro’s Azim Premji, Sun Pharmaceuticals Ltd’s Dilip Shanghvi, Kotak Mahindra Bank’s Uday Kotak, Serum Institute of India’s Cyrus Poonawalla, Adani Group’s Gautam Adani & Family and Shapoorji Pallonji Mistry’s Cyrus P. Mistry.

The annual ranking is a compilation of the wealthiest Indians who possess a net worth of Rs 1,000 or more. According to Hurun Report India’s managing Director Rahman Junaid, the number of wealthy Indians who qualify for this ranking has increased by an impressive one-third — from 617 in 2017 to 831 in 2018.

The cumulative wealth of these 831 individuals featuring in the list stands at around USD 719 billion – which is about one-quarter of India’s GDP of USD 2.848 trillion.

Mumbai, India’s commercial capital, has the highest concentration of the country’s super rich with 233 names. New Delhi comes second with 163 names, while Bengaluru has 70 wealthy individuals who made the cut.