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Mukesh Ambani no longer the World’s Richest Indian

By   /  March 4, 2015  /  No Comments

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The world’s richest Indian, as per Forbes, is Pharma tycoon Dilip Shanghvi and not Mukesh Ambani. As per a ‘real time’ update from the business magazine on Wednesday Sun Pharma Group’s Shangvi surpassed Mukesh Ambani as the world’s richest Indian with a net worth of USD 21.5 billion – within two days of Reliance Industries chief being ranked India’s wealthiest for 8th year. On the global rich list, Shanghvi on Wednesday moved up to 37th position, while Ambani slipped to 43rd position.

Interestingly, on Monday, Ambani was ranked 39th – highest among Indians – while Shanghvi was at 44th place when Forbes had released its annual Rich List for 2015. In two days, the tide swung in the favor of Dilip Shangvi, raising him to the coveted position. Shanghvi’s networth today stood at USD 21.5 billion, following a sharp rally in share prices of his group companies, while that of Ambani was USD 20.4 billion.

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The Forbes wealthiest list had Ambani’s wealth estimated at USD 21 billion, based on the company’s estimated value derived from its share prices and exchange rates as on February 13. Ambani has been ranked as richest Indian for eight consecutive years now on the Forbes’ annual rich lists, even as his ranking has come down sharply from among top-ten positions globally earlier.

 

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