Mukesh Ambani Richest Indian, Sun Pharma Head Sanghvi Slips to Second, Azim Premji Third: Forbes List

Reliance Industries chairman Mukesh Ambani pushed aside Sun Pharma founder Dilip Sanghvi to the second position and regained his rank as the richest Indian in the Forbes List, while Azim Premji is steady at at third position.mukeshambani

Mukesh Ambani has registered a net worth of $19.6 billion, followed by Sun Pharma head Dilip Shanghvi loosing his briefly held position as the richest Indian and slipping to the second.

With a loss of $100 million in his net worth, Ambani slipped from his 39th position in the Forbes 2015 world richest ranking to the 47th position, while Shanghvi ($19.3 billion) with a much greater loss of $475 million fell to the 48th position from the 44th.

In its ‘real time’ revision of the list, the US business magazine Forbes said that Shanghvi’s net worth dip was the third biggest loss among the world’s billionaires in its annual rich list.¬†Ambani and Shanghvi remain the only two Indians among the top 50 world’s richest billionaires.

The Forbes list for this year, released on March 2, showed that Ambani has been the richest Indian for the eighth consecutive year. In the global list released in Februray, Ambani with a net worth of $21 billion was ranked 39th while Shanghvi was at the 44th place with $20 billion.

Soon, Shanghvi overtook Ambani as the richest Indian since March 4 with a sharp rally in the valuation of Sun Pharma.

Globally, Microsoft co-founder Bill Gates continues to top the list with a current net worth of $80.3 billion, up from $79.2 billion in the annual list with Carlos Slim Helu and Warren Buffett retaining their second and third ranking, respectively.

According to Monday’s real-time update, Ambani (47) and Shanghvi (48) are followed by Azim Premji (60), Lakshmi Mittal (85), Shiv Nadar (94), Kumar Mangalam Birla (169), Uday Kotak (200), Sunil Mittal (204), Cyrus Poonawala (220) and Gautam Adani (238) among the top 10 richest Indians.

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