Ambani beats Adani to remain India’s richest; ranks 9th in global list

Ambani, 66, is ranked 9th on the list with a wealth of $116 billion, up from $83.4 billion in the 2023 ranking, according to Forbes.

Gautam Adani is the second richest Indian and is ranked at No.17 on the global list.

He is worth $84 billion, up from $47.2 billion in 2023 when his apples-to-airport conglomerate was rocked by a damning report by US short-seller Hindenburg Research.

Adani group has denied all allegations in the report.

Adani, 61, was worth $90 billion in 2022 ranking.

The Forbes 2024 Billionaires List features 2,781 individuals, an increase of 141 names from last year’s list.

The billionaires, according to the list, are richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021.

Two-thirds of the list’s members are worth more than a year ago; only one-fourth are poorer.

Fashion and cosmetics giant LVMH’s Bernard Arnault is at the top of the list with $233 billion wealth, followed by Elon Musk with $195 billion and Amazon’s Jeff Bezos with $194 billion.

Facebook founder Mark Zuckerberg comes next in the list with a net worth of $177 billion.

The US has a record 813 billionaires followed by China with 473 billionaires.

India added 31 billionaires to the list compared to last year with the number now reaching 200.

“To calculate net worths, we used stock prices and exchange rates from March 8, 2024,” Forbes said.

Other Indians on the list include IT pioneer and HCL co-founder Shiv Nadar at No.39 with $36.9 billion wealth, Jindal group’s Savitri Jindal and family at No.46 with $33.5 billion, Sun Pharma’s Dilip Shanghvi at No.69 with $26.7 billion, vaccine maker Cyrus Poonawalla at No 90 with $21.3 billion, property baron Kushal Pal Singh at No 92 with $20.9 billion, and commodities king Kumar Bila at No 98 with $19.7 billion.