Sep 232016


Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped Forbes’s annual list of India’s 100 richest tycoons with a net worth of $22.7 billion. The combined net worth of India’s 100 wealthiest is $381 billion, a rise of 10 percent from $345 billion in 2015.

According to the report, Ambani, who retains his number one spot for the ninth consecutive year, saw his wealth increase from $18.9 billion last year as shares of Reliance Industries rose by 21 percent in the past 12 months. The oil-to-retail conglomerate launched its 4G phone service, Jio, this September.

Contributed By Sonia Narula

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