Richest People in India – 2016

Mukesh Ambani has been synonymous with being the richest man in India, having achieved this coveted position for the ninth successive time in 2016. Here is the list of the top 10 richest people in India, according to Forbes –

1. Mukesh Ambani: With an asset value of $19.3 billion, he ranks as the 36^th richest person in the world. He is considered as one of the finest businessmen in India.  He is the chairman, largest shareholder and managing director of Reliance Industries.                                                                                                                                                                                                                                                                                                                                                         
2. Dilip Shanghvi: He is closely second with a fortune valued at $16.7 billion. He is the founder of Sun Pharmaceutical Industries, which is ranked as the most valuable Indian drug company. He ranks 44^th                                                                                                                                                                                                                                                                                                    
3. Azim Premji : He ranks 55^th in the world with an asset value of $15.9 billion. He is the founder of Wipro Technology Company.                                                                                                                                                                  
4. Shiv Nadar – He is ranked 88th worldwide with a net worth of $12.9 Billion. He is the co founder of HCL group that deals with computers.                                                                                                                                                                        
5. Cyrus Poonawala: His net worth is currently estimated to be $8.5 Billion. He is also the 133^rd richest person in the world.                                                                                                                                                                            
6. Lakshmi Mittal: He is valued at $8.4 Billion and is ranked 135^th in the world. It must be noted that his value has gone down greatly over the years. He is known as the  ‘man of steel’; he is the chairman and CEO of the world’s largest steel making company ‘ArcelorMittal’.                                                                                                                
7. Uday Kotak – His net worth is $6.3 billion, he is the 184^th richest person in the world. He is the vice-chairman and managing director of Kotak Mahindra Bank, the fourth largest bank in India, just behind State Bank, ICICI and HDFC.                                                                                                                                                                
8. Kumar Birla – He is the chairman of Aditya Birla Group, the third biggest business group in India. He has a net worth of $6.1 billion, he is the 196^th richest person in the world.                                                                                                                            
9. Sunil Mittal – The founder and CEO of Bharti Enterprises has a net worth of $5.7 billion. Bharti Enterprises is known for Bharti Airtel, the biggest telecom in India and the third largest in the world.                                                                    
10. Desh Bandhu Gupta – He is the founder and chairman of Lupin Limited; He has a net worth of $5.5 billion.