Note ban impact? 11 billionaires lose ground, Ambani stays India's richest

Mukesh Ambani has retained the top spot as the richest Indian with a fortune of $26 bn: Hurun list

Ever since the Narendra Modi-led central government decided to crack down on black money and fake currency through demonetisation of Rs 500 and Rs 1,000 notes, 11 wealthy Indians have lost their billionaires tag, shows the Hurun Global Rich List, released on Tuesday. 

"India had a tough year because of disruptive government policies, such as demonetisation drive", said Anas Rahman Junaid, Managing Director and Chief Researcher, Hurun Report India.

"However, on a long term perspective, we do believe that such transparent currency economics will have a positive impact for the entrepreneurs", he added.

Here are the top four richest Indians