Mukesh Ambani richest Indian again: Forbes list

 SMTV Desk 2018-10-06 18:49:24  Mukesh Ambani,forbes,Reliance,India
Mukesh Ambani  richest Indian again: Forbes list

Mukesh Ambani chairman of Reliance industries has emerged as the richest Indian for the 11th consecutive year with a net worth of USD 47.3 billion, according to Forbes magazine.

Biotechnology pioneer Kiran Mazumdar-Shaw has emerged as the biggest percentage gainer of the year.Forbes Indian Editor Brian Carvalho said."The growth in the overall wealth of India s richest in a challenging year is one indicator of the country s economic advancement.

New faces on the list - five of them - are also an encouraging sign of the rise of domestic mega-firms, many with a presence in global markets".The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India s regulatory agencies.