Mukesh Ambani tops Forbes' 2017 list of India's 100 richest tycoons, Azim Premji ranks second

Mukesh Ambani tops Forbes' 2017 list of India's 100 richest tycoons, Azim Premji ranks second



 With a net worth of $38 billion, Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped Forbes annual list of Indias 100 richest tycoons of 2017, a statement said here on Thursday.

"Reliance Industries Ltd chairman Mukesh Ambani has topped Forbes's annual list of India's 100 richest tycoons, with a net worth of $38 billion. To put it in context, this is equal to the entire GDP of the former Soviet republic of Azerbaijan, as per World Bank Data 2016 estimates," the statement said.

Forbes India, will release the 2017 India Rich List by way of a special issue that hits the stands on 3 November, 2017.

The richest newcomer in the list is Wadia Group of companies Chairman Nusli Wadia (No. 25, $5.6 billion).



File image of RIL chairman, Mukesh Ambani. Reuters

At $19 billion, the net worth of Wipro's Azim Premji - who jumped two places up over last year to become the second richest Indian on the list - is almost equal to Afghanistan's GDP of $19.4 billion, the statement said.

The Hinduja family maintained the third position ($18.4 billion) in the list.

Last year's second richest Indian, Dilip Shanghvi of Sun Pharmaceuticals (No. 9, $12.1 billion) is the biggest dollar loser on the list as his net worth fell by $4.8 billion

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