Indian Business tycoon Mukesh Ambani is 19th richest man in Forbes billionaires’ list 2018

Indian Business tycoon Mukesh Ambani is 19th richest man in Forbes billionaires’ list 2018 With $40.1 bn and soared by 72.84%, Jeff Bezos is on top of the list. Forbes’ billionaires list 2018 has kept Mukesh Ambani as the 19th richest man in the world, making him the richest Indian for the 11th year in a row, while Amazon founder Jeff Bezos toppled Bill Gates as the world’s wealthiest person, says Forbes. India has 121 billionaires, third most in world; Mukesh Ambani continues leading richest Indian list.

Forbes billionaires-list-Jeff-Mukesh
PC: Reuters

Amazon’s Jeff Bezos tops the list. With $112 billion, Bezos is the richest man in the world, followed by Microsoft’s Bill Gates with $90 billion. Bezos is also the first person whose assets crossed the mark of $100 billion, as mentioned by Forbes. He added $39.2 billion – almost Ambani’s total assets – last year itself. Forbes refers to Bezos as the ‘centi-billionaire’, the only person with a 12-figure fortune, after this remarkable feat.

Much of Bezos soaring fortune came from his shares in Amazon that rose by 59% in 12 months. “It was the biggest one year gain since Forbes started tracking billionaires in 1987,” Forbes mentioned.

8 Indian women billionaires in Forbes list. Eight Indian women, including Savitri Jindal and Kiran Mazumdar-Shaw, have featured in Forbes’s 2018 ‘World’s Billionaires’ list, which includes a total of 256 women billionaires

Azim Premji is the second richest Indian and was ranked 58th on the overall list with a net worth of $ 18.8 billion, followed by Lakshmi Mittal (62nd position, net worth of $18.5 billion), Shiv Nadar (98th, $ 14.6 billion) and Dilip Shanghvi (115th, $12.8 billion).

The 10 richest Indians include Kumar Birla, ranked 127th overall with a fortune of $ 11.8 billion, Uday Kotak (143, $10.7 billion), Radhakishan Damani (151, $10 billion), Gautam Adani (154, $9.7 billion) and Cyrus Poonawalla (170, $9.1 billion).

Acharya Balkrishna, the co-founder of FMCG company Patanjali Ayurved, was ranked 274th on the list with a net worth of $6.3 billion.

“Acharya Balkrishna derives his fortune from fast-growing consumer goods giant Patanjali Ayurved. Balkrishna owns 98.6 per cent of the privately-held company, which he cofounded with politically well-connected yoga guru Baba Ramdev,” Forbes said.

 

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