Reliance Industries chief Mukesh Ambani on Thursday emerged as India's wealthiest for the 11th straight year as his net worth swelled to $47.3 billion.

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Wipro's Azim Premji is the distant second with a net worth of $21 billion, while Lakshmi Mittal, chairman and CEO, ArcelorMittal is the third richest Indian with a net worth $18.3 billion, according to Forbes magazine's annual 'India Rich List 2018'.

The Hinduja brothers -- Srichand, Gopichand, Prakash and Ashok -- are fourth placed with an income of $18 billion.

Reclusive tycoon Pallonji Mistry, who controls Mumbai-headquartered engineering and construction giant Shapoorji Pallonji Group is the fifth richest Indian with a networth of $15.7 million.

With a networth income of $14.6, Indian IT pioneer Shiv Nadar, who cofounded HCL, is the sixth richest Indian in the list.

The Godrej family is at the third position with $18.4 billion while Sun Pharma's Dilip Sanghvi is ranked eight ($12.6 billion) and Aditya Birla Group's chairman Kumar Birla ninth ($12.5 billion).

‏With a net worth of $11.9 billion, ports tycoon Gautam Adani is the tenth richest Indian in the Forbes list.

The ranking lists family fortunes, including those shared among extended families such as the Godrej and Bajaj families

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Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

First Published:Oct 4, 2018 6:03 AM IST