Mukesh Ambani richest Indian on Forbes list; Mittal biggest loser

Saturday, 10 March 2012 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Mukesh Ambani retained the top spot among Indians on Forbes’ annual list of the world’s billionaires on Wednesday with a net worth of $22.3 billion.

The head of Reliance Industries, India’s most valuable company, was placed 19th on a list headed by Mexican tycoon Carlos Slim.

“Mukesh Ambani is the world’s richest Indian, despite losing $4.7bn in the past year,” Forbes said. Lakshmi Mittal was listed as the biggest loser, with Forbes saying Mittal lost $10.4 billion, falling to a net worth of $20.7 billion and out of the world’s top 10 for the first time since 2004. Mittal was placed 21st on the list. The drop came after shares in his company ArcelorMittal, the world’s largest steelmaker, fell due to surging costs and soft demand in Europe.

Billionaire brothers Shashi and Ravi Ruia, who control Essar Group, suffered the second largest loss this year, losing $8.8 billion on the year and placed 133 on the list with a net worth of $7 billion.

Azim Premji, chairman of Wipro, was ranked 41 with a net worth of $15.9 billion. Savitri Jindal, head of Jindal Steel and Power Ltd, was India’s richest woman, 80th on the list with a net worth of $10.9 billion.

Sunil Mittal (113), Kumar Birla (116), Anil Ambani (118) and Dilip Shanghvi (124) were among the 48 Indians on the Forbes list.

Carlos Slim retained his position atop the list with an estimated worth of $69 billion, while his Mexican rival Ricardo Salinas Pliego enjoyed the largest increase in wealth.

Fifty-eight countries were represented on the list of a record 1,226 billionaires whose average fortune was $3.7 billion.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.