Forbes India rich list 2019: Mukesh Ambani retains top spot, Adani second

Overall, the total wealth of the tycoons on the 2019 Forbes India Rich List shrank 8 per cent to $452 bn from a year ago

Reliance Industries' Chairman Mukesh Ambani has bagged the top spot in Forbes' list of the richest Indians for the year 2019 in what the American business magazine said was 'a challenging year' for the Indian economy. This is the 12th time in a row that Ambani -- whose wealth swelled to $51.4 billion this year -- has topped the list.

"He added $4.1 billion to his net worth as Jio, the three-year-old telecom unit of his Reliance Industries, became one of India’s biggest mobile carriers with 340 million subscribers," Forbes said.

The effect of a slowing economy was visible on