Rich List: India, 2017
This is a collection of articles archived for the excellence of their content. |
Contents |
Bloomberg’s (global) Billionaire Index
2017, top 3 occupants
Mukesh Ambani 2nd richest in Asia after Alibaba's Jack Ma, August 2, 2017: The Times of India
With $35Bn Net, RIL Chief Pips Li Ka-shing
Mukesh Ambani has elbowed past Li Ka shing to become Asia's second-richest man as investors rallied behind his efforts to arm India's poor with cheap data-loaded phones. Some analysts are beginning to focus on the costs of his ambition.
The chairman of Reliance Industries has added $12.5 billion to his wealth this year, according to the Bloomberg Billionaires Index, as shares of his refining-to-telecom company surged to a record. Spurring the rally on is optimism that a new $23 phone launched last month will expand the market for Ambani's fourthgeneration mobile network into India's hinterland. The whistles and applause that greeted the JioPhone obscured the fact that by one measure the company's debt has climbed to at least a 15-year high.
The telecom business, Ambani's seven-year labour of love, has sucked in more than $31 billion in investments and is yet to earn him and his shareholders any profits. It's contributed to a near tripling of the group's total debt since March 2012 and sparked a vicious price war in the world's second-largest mobile-phone market. About 90% of Reliance's revenues continue to come from its lega cy refining and petrochemicals units, with retail, media and energy exploration contributing the rest. Ambani described Jio as “a jewel“ among Reliance assets during the company's annual general meeting on July 21. For Ambani, the gains have swelled his net worth to $35.2 billion, taking him to number 19 in the Bloomberg Billionaires Index from 29 at the end of 2016.
He passed Li Ka-shing -whose empire spans telecommunications, retail and ports -for a few days in April and again on July 7.
Jio took just nine months after launching with a free introductory offer to rope in 117.3 million users and become India's fourth-largest operator, according to government data compiled by Bloomberg.
2017: 21 Indian billionaires
Bloomberg listed the world’s 500 richest persons in 2017. There were 21 Indians in the list.
No other South Asian nation figured on the list.
Rank Name Total net worth $ Last change $ YTD change Country Industry
19 Mukesh Ambani $35.1B -$153M +$12.3B India Energy
55 Lakshmi Mittal $16.7B -$117M +$2.28B India Commodities
65 Azim Premji $16.0B +$200M +$3.77B India Technology
70 Pallonji Mistry $15.7B +$101M +$1.96B India Industrial
91 Shiv Nadar $13.5B -$95.4M +$1.46B India Technology
119 Dilip Shanghvi $11.7B +$53.1M -$1.06B India Health Care
134 Uday Kotak $10.3B -$39.8M +$3.20B India Finance
158 Kumar Birla $9.16B $0 +$3.13B India Industrial
164 Cyrus Poonawalla $8.96B +$4.80M +$968M India Health Care
165 Gautam Adani $8.79B +$166M +$4.16B India Industrial
219 Vikram Lal $7.09B +$317M +$2.33B India Industrial
242 Benu Gopal Bangur $6.64B +$22.3M +$1.67B India Commodities
248 Pankaj Patel $6.56B -$24.2M +$2.44B India Health Care
317 Radhakishan Damani $5.38B -$11.7M +$3.48B India Retail
341 Indu Jain $5.14B +$28.7M +$1.03B India Media & Telecom
353 Micky Jagtiani $5.03B -$42.5M +$39.7M India Retail
359 K P Singh $4.99B +$11.4M +$1.97B India Real Estate
362 Ajay Piramal $4.98B +$18.7M +$1.97B India Finance
369 Prakash Hinduja $4.92B +$61.0M +$1.16B India Diversified
370 Ashok Hinduja $4.92B +$61.0M +$1.16B India Diversified
431 Rahul Bajaj $4.42B +$35.4M +$1.30B India Diversified
Diaspora billionaires
303 Prakash Lohia $5.53B +$20.1M +$1.30B Indonesia Industrial
323 Ananda Krishnan $5.30B +$26.4M +$136M Malaysia Diversified
363 Shahid Khan $4.98B -$59.3M +$72.4M United States Consumer
368 Gopichand Hinduja $4.92B +$61.0M +$1.16B United Kingdom Diversified
371 Srichand Hinduja $4.92B +$61.0M +$1.16B United Kingdom Diversified
