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Richest Indians

Richest Indians

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Published by api-3716002

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Published by: api-3716002 on Oct 14, 2008
Copyright:Attribution Non-commercial


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Anil and Mukesh Ambani

Mukesh Ambani and his younger brother
Anil (left), Chairman and Vice-Chairman of
Reliance Group of Industries, are the
richest Indians according to a Business
Standard survey.

The net worth of the Ambani brothers stand
at a whopping Rs 23,588 crore ($5.18
billion), up by a massive Rs 4,724 crore
($1.03 billion) since the last year.

Most of these gains have come from the
25.4 per cent rise in the Reliance Industries
stock price.

IT czar and Wipro Chairman Azim Premji,
who was India's richest billionaire last year,
slipped to the second spot in the Business
Standard survey, having lost Rs 12,448
crore ($2.74 billion) since the last year.

This was mainly due to the fact that Wipro's
market price plummetted by almost 40 per
cent since last December.

Yet, Premji's net worth still stands at Rs
18,964 crore ($4.17 billion).
Azim Premji

Brothers Malvinder (left) and Shivender
Singh of pharma major Ranbaxy
Laboratories feature in the third spot in the
list of richest Indians, says Business
Standard, with a wealth of Rs 5,086 crore
($1.12 billion).

The brothers' wealth increased by Rs 1,741
crore ($383 million), due to Ranbaxy's
market valuation rising by 52 per cent in
the past year.

Malvinder and Shivender Singh

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