According to Forbes, in 2016, Ambani added $15.3 billion to his wealth.
India's richest man, Mukesh Ambani has now surpassed China’s Hui Ka Yan to become Asia’s richest person with a whopping net worth of $ 42.1 billion. The new milestone came under Ambani's name after a constant surge in shares of Reliance Industries Ltd.
With RIL shares rising 1.22% to Rs 952.30 a piece on Wednesday, his personal wealth leapt by $466 million, according to Forbes.
Last month, Reliance Industries Chairman, Mukesh Ambani has retained the top spot for world's richest Indian in 2017 with a jaw-dropping net worth of $38 billion.
According to Forbes, in 2016, Ambani added $15.3 billion to his wealth.
As the business tycoon ranked the list, Azim Premji acquired the second spot with a net worth $19 billion which is nearly half of Ambani’s current wealth.
Mukesh Ambani, as Forbes stated, witnessed an increase of 67% from $22.7 billion last year, making him the biggest dollar gainer on the list and also put him among top 5 in Asia.
“Improved refining margins and his telecom unit Reliance Jio’s thundering success in notching up 130 million subscribers since its 2016 launch boosted shares of his Reliance Industries,” Forbes said.
Top 10 in the list boasts of seasoned veteran tycoons such as Azim Premji ($19 billion), Hinduja brothers ($18.4 billion); Lakshmi Mittal ($16.5 billion), Pallonji Mistry ($16 billion), Godrej family ($14.2 billion);Shiv Nadar ($13.6 billion); Kumar Mangalam Birla ($12.6 billion), Dilip Shanghvi ($12.1 billion) and Gautam Adani ($11 billion).
India’s richest 100 posted a whopping $479 billion combined net worth, an increase of 26% from $374 billion in 2016.
Naazneen Karmali, India Editor of Forbes Asia, said, "Despite India’s economic slowdown, the country’s 100 richest have collectively enjoyed a bumper year thanks to a buoyant stock market. While the Indian billionaire factory continued to churn out new names from diverse sectors, the price of entry rose to a record high. The top 100 club is getting more exclusive with each passing year".
In September, Hurun's rich-list also awarded its top spot of richest Indian to Mukesh Ambani for the sixth year. He has also climbed to top 15 in the Hurun global rich list for the first time. His wealth is 50% more than GDP of Yemen, the country of his birth.
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