The head of Reliance Industries, Mukesh Ambani became the richest person on Forbes' 'India Rich List 2017', yet again. He has been sitting on this position for 10 years in a row.?
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Ambani's net worth right now is Rs 2.5 lakh crore ($38 billion). His younger brother, Anil Ambani stands far behind in the list on 45th spot?with $3.15 billion.
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Ambani is closely followed by Azim Premji, who is heading Wipro with the net worth of $10 billion. According to Forbes, Modi's "economic experiments" barely affected India's billionaires.?
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Yet, the most surprising spot on this list goes to Patanjali Ayurved's Acharya Balkrishna. Acharya made a huge jump from 48th place last year to 19th right now. His net worth is $6.55 billion (about Rs. 43,000 crores).?
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"Despite India's economic hiccups, tycoons on the 2017 Forbes India Rich List saw their wealth soar as their combined fortunes rose 26 % to $479 billion (over Rs. 31 lakh crore)," the magazine said.?
"India's turbo-charged economy sputtered in the quarter ended in June as it grew at a three-year low of 5.7 %, due to the aftershocks of last November's demonetisation and uncertainties over the rollout of a nationwide Goods and Services Tax. Despite this, the stock market scaled new heights and boosted the fortunes of the nation's 100 richest," it added.?
Third in the queue are Hinduja brothers?with $18.4 billion, Lakshmi Mittal with $16.5 billion and Pallonji Mistry with $16 billion being fourth and fifth respectively.?
While making this list, Forbes kept into consideration the shareholding and financial information and secured the families and individuals, stock exchanges, analysts and regulatory agencies. The 100 wealthiest on this year's list are all billionaires.??
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