Reliance Industries' Mukesh Ambani has overtaken NRI steel tycoon Lakshmi Mittal as the richest Indian in the world, with a net worth of $20.8bn, Forbes said in its annual rich list for the country.
Mittal, who has moved to second position with a net worth of $20.5bn, is followed by Mukesh's younger brother Anil Ambani, whose wealth stood at $12.5bn. The magazine said that the combined net worth of India's 40 richest has declined by 60% due to weak stock markets amid depreciating rupee against the greenback. Their total wealth is now $139bn, down from $351bn just a year ago, according to Forbes India Rich List. While all 40 tycoons listed last year were billionaires, only 27 have 10-figure net worths now. A net worth of 760 million dollar was needed to make to the list this year, 840 million dollar less than last year. |
THE DISCIPLINE OF FINANCE HAS ALWAYS FASCINATED EVERY PERSON AS FINANCE IS CONSIDERED TO BE THE LIFE BLOOD IN THE MODERN BUSINESS. IN THIS FORUM I ATTEMPT TO DISCUSS THE DIFFERENT UPCOMING NEWS AND EVENTS WHICH WILL OR CAN EFFECT THE INDIAN ECONOMY AND ITS PEOPLE AS WELL AS ITS IMPACT ON THE GLOBAL ECONOMY
ambanis, mittals...dis rich tycoons...r their bank balance ever gonna reduce..:))
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