The Forbes India magazine released The 100 Richest Indian List 2014 on 25 September 2014. As per the list, the top 100 richest tycoons in India are all billionaires for the first time. The combined net worth of 100 richest tycoons in India is 346 billion US dollars in 2014 up more than a third from 259 billion US dollars in 2013.
According to the Forbes India List, the Top 10 Richest people of India: 1. Mukesh Ambani; 2. Dilip Shanghvi; 3. Azim Premji; 4. Pallonji Mistry; 5. Lakshmi Mittal; 6. Hinduja brothers; 7. Shiv Nadar; 8. Godrej family; 9. Kumar Birla; 10. Sunil Mittal
Highlights of the Forbes India Rich List 2014
- Mukesh Ambani topped the list for the eighth consecutive year with a net worth of 23.6 billion US dollars.
- Dilip Shanghvi, founder of Sun Pharmaceutical Industries, is at the second position on the list. He overtook steel baron Lakshmi Mittal who slipped to fifth place.
- Azim Premji whose net wealth increased to 16.4 billion US dollars from 13.8 billion US dollars is at third position.
- The biggest dollar gainer is Gautam Adani who jumped 11 spots to eleventh position adding nearly 4.5 billion US dollars to his wealth which reached 7.1 billion US dollars.
- As many as 85 people out of 89 who returned to the top 100 from 2013 are wealthier and several are billionaires for the first time.
- There are eight newcomers on 2014 list: Amalgamations Group family (No. 47), brothers Dilip & Anand Surana (No. 73), Hasmukh Chudgar (No. 80), real estate tycoon Surendra Hiranandani (No. 83), jeweller T.S. Kalyanaraman (No. 87), Macleod Pharmaceuticals’ Rajendra Agarwal (No. 90), Dubai-based Aster DM Healthcare’s Azad Moopen (No. 95), and stock market veteran Radhakishan Damani (No. 100).
- The biggest loser this year is Indus Gas founder Ajay Kalsi who lost 1 billion US dollars after the government stalled an increase in the natural gas prices. He is at 85th position.
- Eleven tycoons fell off from the list this year including tycoons Brij Bhushan Singal and Vijay Mallya.
About the Forbes India Rich List 2014
- The minimum amount required to be on the list was 1 billion US dollars. It was 635 million US dollars in 2013.
- This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies.
- The ranking lists family fortunes including those shared among extended families such as the Godrej and Bajaj families.
- Public fortunes were calculated based on stock prices and exchange rates as of 12 September 2014.
- Private companies were valued based on similar companies that are publicly traded.