 "Mukesh Ambani remains richest Indian, with assets of $18.9 bn")
According to the China-based Hurun India Rich List, Ambani retained the top position for the second year even after a wealth decrease of two per cent.
Ambani is followed by London-based steel baron Lakshmi Niwas Mittal, with assets of $15.9 billion. Mittal's wealth declined six per cent from last year.
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Sun Pharmaceutical's founder Dilip Shanghvi broke into the top three for the first time, with a 66 per cent surge in his wealth.
"This rise in stock price was supported by the expected sales of the cancer drug Doxil, following Janssen Pharma Inc's admission of shortage of the drug supply," the report said.
Among others in the top 10 are: Wipro's Azim Premji (4th) with assets of USD 12 billion, HCL Technology's Shiv Nadar (5th, USD 8.6 billion), Grasim Industries' Kumar Mangalam Birla (6th, USD 8.4 billion), Godrej Group's Adi Godrej (7th, USD 8.1 billion). The other three who make the list of top 10 billionaires are Pallonji Mistry of Shapoorji Pallonji & Co (USD 8 billion) ranked 8th, Shashi & Ravi Ruia (Essar Energy, USD 7.6 billion) ranked 9th and Sunil Mittal (Bharti Airtel, USD 7.3 billion). Anil Ambani of Anil Dhirubhai Ambani Group occupies the 11th position with a personal fortune of USD 7.1 billion.
Bollywood superstar Shah Rukh Khan, who set up Red Chillies Entertainment, was ranked 114th and has personal assets of USD 400 million. Men dominate the rich list with only 4 per cent occupied by women. Steel baroness Savitri Jindal, the non-executive chairperson of O P Jindal Group, is the richest Indian woman with a personal fortune pegged at USD 5.1 billion, followed by Anu Aga, Kiran Mazumdar-Shaw and Shobhana Bhartia ranked third, fourth and fifth richest Indian women, respectively.