India’s Top 5 Richest Men Own Rs.5.2 Lakh Crore, half of all billionaires’ wealth





sanghviIndia’s top five billionaires led by Reliance chief Mukesh Ambani to Pallonji Shapoorji Mistry collectively control $85.5 billion or Rs 5,23,897 crore, which about half of the wealth owned by the country’s total billionaires, said a new study on Wednesday.

Wealth research firm Wealth-X said Mukesh Ambani remains the richest man owning $24.4 billion (about Rs 1,49,474 crore), followed by steel tycoon Lakshmi Mittal, Sun Pharma’s Dilip Shanghvi, IT firm Wipro’s Azim Premji and Tata Sons’ shareholder Pallonji Shapoorji Mistry.

“The five billionaires collectively control $85.5 billion in personal wealth, accounting for 47.5% of India’s total billionaire wealth,” Wealth-X said.

The study shows that all the five five entrepreneurs have made their fortunes through their businesses in emerging sectors such as oil and gas, steel, pharmaceuticals and IT sector.

In addition, other wealthiest people in India include Bollywood Badshah Shah Rukh Khan, who is worth $600 million, and Indian cricket legend Sachin Tendulkar with a personal fortune of $160 million, it noted.

Ambani also owns the Mumbai Indians Indian Premier League (IPL) cricket team worth reportedly $112 million and Lakshmi Mittal has a personal net worth of $17.2 billion.

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