Tuesday, November 24, 2020
Home Business Reliance Chairman Mukesh Ambani Bags 17th Position in Latest World Billionaires List...

Reliance Chairman Mukesh Ambani Bags 17th Position in Latest World Billionaires List By Forbes

Telecom tycoon Sunil Mittal is at 154th position with $9.5 billion net worth

Reliance Industries’ Chairman Mukesh Ambani has been ranked 17th in the latest world billionaires list by Forbes with a net worth of $44.3 billion – once again leading the tally from Indias perspective.

Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India’s most valuable companies.

Reliance Jio has signed on more than 340 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones, said the report.

The next Indian on the 34th annual list — veteran Mumbai investor Radhakishan Damani who is touted as India’s retail king after the March 2017 IPO of his supermarket chain DMart – is at a distant 65th position with a net worth of $16.6 billion.

Damani got into retailing in 2002 with one store in suburban Mumbai and has been unstoppable since. His property portfolio includes the 156-room Radisson Blu Resort in Alibag and a popular beach-front getaway close to Mumbai, according to the report.

At 114th position, HCL Technologies Founder Shiv Nadar is worth $12.4 billion. One of India’s leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation.

While Hinduja brothers are at 116th position with $12.2 billion net worth. Srichand and Gopichand live in London and Prakash resides in Monaco while the youngest sibling Ashok oversees their Indian interests from Mumbai.

At 138th position, Uday Kotak is worth $10.7 billion. His Kotak Mahindra Bank is now among India’s top four banks in the private sector, boosted by its 2014 acquisition of ING Bank’s Indian operations.

Mukesh
Reliance Industries’ Chairman Mukesh Ambani has been ranked 17th in the latest world billionaires list by Forbes with a net worth of $44.3 billion – once again leading the tally from Indias perspective. Wikimedia Commons

In January this year, the bank reached an agreement with the Reserve Bank of India over the issue of reducing Kotak’s stake in the bank to 26 per cent.

Telecom tycoon Sunil Mittal is at 154th position with $9.5 billion net worth. Bharti Airtel today is among India’s largest mobile phone operators with more than 418 million customers.

ALSO READ: Retailers in China Offer Discounts on Apple’s iPhone 11 Lineup

Others in the latest list are Cyrus Poonawalla who is founder of Serum Institute of India (at 161th position with $9.2 billion net worth), Gautam Adani at 162th position with $9.2 billion net worth and steel tycoon Lakshmi Mittal with $8.9 billion net worth at 170th spot, among others. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,781FollowersFollow

Most Popular

The Sporting Greats

By Samantha Many millennials grew up watching football, and to be honest, the game has evolved since it started centuries ago. But when we turn...

Here’s Why Antibiotics Increase Risks of Heart Attacks

Researchers have explained why commonly used antibiotics like clarithromycin can lead to an increased risk of heart attacks, opening up the possibility of precision...

The Unstoppable Growth Of TikTok And Amateur Content Creation

By Mitchel Russo The amount of time we spend in front of our phones is growing, indeed that growth has skyrocketed during the recent COVID-19...

Lachit Divas: Untold Story Of Hero Lachit Borphukan

We have heard a lot about the valor of Shivaji, Bajirao, and others, but not much is known about the Ahoms. In 1682, the...

List Of New Cabinet Members Selected By U.S. President Joe Biden

U.S. President-elect Joe Biden has begun naming members of his new Cabinet, as well as other top-level administration officials. Biden has pledged to choose...

India Sees Consecutive Year-On-Year Decline In Coal Funding: Report

The third annual Coal vs Renewable Financial Analysis 2019 marks a second consecutive year-on-year decline in coal funding in India following a 90 percent...

Mobile Fingerprinting App Becomes A Core Tool In Deportation Crackdown

A mobile fingerprinting app U.S. immigration agents use to run remote ID checks in the field has become a core tool in President Donald...

People With Diabetes And Eye Disease Have An Increased Risk Of Requiring Intubation

Researchers have revealed that people with diabetes and eye disease have a five-fold increased risk of requiring intubation when hospitalized with Covid-19. The study, published...

Recent Comments