India's top richest people | Billionaires 2017
| Rank | Name | Net Worth ($ bn) | Source of wealth |
|---|---|---|---|
| 1 | Mukesh Ambani | 38.0 | Petrochemicals, oil & gas |
| 2 | Azim Premji | 19.0 | Software services |
| 3 | Hinduja Family | 18.4 | Hinduja Group |
| 4 | Lakshmi Mittal | 16.5 | Steel |
| 5 | Pallonji Mistry | 16.0 | Construction |
| 6 | Godrej Family | 14.2 | Godrej Group |
| 7 | Shiv Nadar | 13.6 | Software services |
| 8 | Kumar Birla | 12.6 | Commodities |
| 9 | Dilip Shangvi | 12.1 | Pharmaceuticals |
| 10 | Goutam Adani | 11.0 | Adani Ports & SEZ |
Once again, Mukesh Ambani grabbed the top spot in the list of Indian Billionaires. With JIO, swiping out the telecom market, it seems like he sealed the seat permanently.
Here is the list of Top 5 richest persons in India in 2017. Let’s check the latest list.
Top 5 richest persons in India in 2017:
1. Mukesh Ambani
Chairman, Reliance Industries
Wealth: $38.0 billion
Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian business magnate who is the chairman, managing director and largest shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 company and India’s second most valuable company by market value. He holds a 44.7% stake in the company. He is the elder son of the late Dhirubhai Ambani and the brother of Anil Ambani. RIL deals mainly in refining, petrochemicals, and in the oil and gas sectors. Reliance Retail Ltd., another subsidiary, is the largest retailer in India.
RIL has recently introduced free phone call and unlimited data package with JIO. Currently, Ambani takes the top spot in the Forbes list of top richest person in India.
2. Azim Premji
Chairman, Wipro
Wealth: $19 billion
Azim Hashim Premji (born 24 July 1945) is an Indian business tycoon and philanthropist who is the chairman of Wipro Limited, informally known as the Czar of the Indian IT Industry and also guiding Wipro through four decades of diversification and growth to emerge as one of the Indian leaders in the software industry. According to Forbes, he was the richest Indian and Muslim during 1999-2005 and is currently the fourth wealthiest Indian, and the 61st richest in the world, with a personal wealth of $19 billion. In 2010, he was voted among the 20 most powerful men in the world by Asia week. Throughout his career, he is always among the top 5 richest persons in India.
3. Hinduja Family
Hinduja Group
Wealth: $18.4 billion
Four close-knit siblings, Srichand, Gopichand, Prakash, and Ashok, control the Hinduja Group, a far-flung multinational empire with businesses ranging from trucks and lubricants to banking and cable television. The group commissioned its much-delayed 1,040-megawatt thermal power unit in south India in July and is reportedly in the fray to acquire SunEdison’s Indian solar power assets.
The brothers are expected to open London’s first Raffles Hotel in the historic Old War Office building in Whitehall they bought 2 years ago with a Spanish group. In the latest Forbes rich Indian list, they are at the 3rd place with 18.4 bn$ net worth.
4. Lakshmi Mittal
CEO, ArcelorMittal
Wealth: $16.5 billion
Lakshmi Niwas Mittal, the chairman, and CEO of the ArcelorMittal, born on 15th June 1950 at Rajasthan. He graduated in accounting and business, with first class distinction, from St. Xavier’s College Kolkata. In 1976, he moved to Indonesia and founded a steel factory named Ispat Indo and made it a great success. Later he acquired various loss-making steel plants in Mexico, Kazakhstan, Europe, and Germany. And turned their fortunes around where US consultants and German experts failed to give any fruitful solutions. In 2007, he was awarded prestigious Padma Vibhushan by the President of India.
As per Times magazine, he is among the 100 most influential people of the world. He is at the fourth place in the latest Forbes richest Indian list with $16.5 bn assets.
5. Shapoorji Pallonji Mistry
Chairman, Shapoorji Pallonji Group
Wealth: $16.0 billion
Pallonji Shapoorji Mistry (born 1929) is an Irish Indian construction tycoon and chairman of Shapoorji Pallonji Group. In 2017, according to Forbes, his wealth is estimated to be US$16 billion. With his 18.4% stake in Tata Sons, he is the single largest shareholder in India’s largest private conglomerate Tata Group. He is also the Chairman of the Shapoorji Pallonji Group through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is also the former Chairman of Associated Cement Companies. Pallonji gave up his Indian citizenship in 2003 to obtain Irish citizenship because India does not yet allow dual citizenship. His son Cyrus is chairman of Tata Sons.
He is also the Chairman of the Shapoorji Pallonji Group through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is also the former Chairman of Associated Cement Companies. Pallonji gave up his Indian citizenship in 2003 to obtain Irish citizenship because India does not yet allow dual citizenship. His son Cyrus was chairman of Tata Sons.
Acharya Balakrishna, yoga guru Ramdev’s close associate and owner of Patanjali Ayurved, entered Forbes list of India’s 100 richest people last year. This year he succeeded to make a great leap from 48th position to 19th Position with an increase in net worth of $2.5 bn to 6.55 bn at just an age of 46.
Only three women got listed on the Forbes 100 rich Indian list 2017. Among the three women on the list, Ms. Savitri Jindal (16th place, $7.5 bn) was followed by Leena Tewari at 71st position with a net worth of $2.19 billion ( USV India), Kiran Mazumdar-Shaw (72nd Position, Biocon, $2.16 billion).
Source: Forbes List of Richest Indian.
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