IIFL Wealth-Hurun India Rich List: These are India's top 10 richest people

SUMMARY

Some businessmen are rich. Then there are those who are richer than the rich. Among such are the likes of Reliance Industries chairman Mukesh Ambani, Azim Premji, Lakshmi Mittal and others. According to IIFL Wealth-Hurun India Rich List, with a total net worth of Rs 3.8 lakh crore, Ambani is India's richest man in 2019 followed by London-based SP Hinduja and family with assets worth Rs 1.86 lakh crore. Wipro founder Azim Premji and Lakshmi Mittal, chairman and CEO of ArcelorMittal, were ranked third and fourth, respectively. Take a look at the top 10 richest Indians and how much wealth they have: (Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.)

By Pradeep Suresh Sept 26, 2019 2:07:00 PM IST (Updated)

10: The man behind Sun Pharma, the world's fourth-largest generics maker, Dilip Shanghvi’s rise began decades ago when he started the company using the money borrowed from his father. While a series of scandals have inversely impacted his fortunes, he is still the tenth richest Indian with a total wealth of Rs 71,500 crore.

9/8: Shapoor Pallonji Mistry, who heads the Shapoorji Pallonji Group, is at the ninth/eighth spot with a total wealth of Rs 76,800 crore.

9/8: Joining his brother in the ninth/eighth spot is Cyrus Pallonji Mistry, who, for a brief period, headed the Tata Group.

7: Cyrus S. Poonawalla, the chairman of Poonawalla Group, is seventh in the list with a total wealth of Rs 88,800 crore.

6: Uday Kotak, who is the CEO and managing director of Kotak Mahindra Bank, has a total wealth of Rs 94,100 crore.

5: Gautam Adani & Family have a total wealth of Rs 94,500 crore. Adani Group's interests include power generation and transmission, real estate and commodities. Adani's overseas assets include Australia's Abbott Point port and the controversial Carmichael coal mine, billed as one of the world's largest. Adani's son Karan runs listed firm Adani Ports & SEZ, now the family's biggest asset. Adani Group has partnered Swedish defence firm Saab to make Gripen fighter jets in India.

4: Lakshmi Mittal & Family headed by Lakshmi Mittal, chairman and CEO, ArcelorMittal, comes fourth in the list with a total wealth of Rs 1,07,300. ArcelorMittal is the world's biggest steelmaker. Hailing from a steel clan, he separated from his siblings to start Mittal Steel, then went on to merge the company with France's Arcelor in 2006. Benefiting from the steel recovery, the company reported a surge in net profit to $4.6 billion in 2017 on revenue of $68.7 billion. ArcelorMittal, along with Italian steel firm Marcegaglia, acquired Italy's loss-making steel group Ilva for $2.1 billion in June 2017.

3: Azim Premji, chairman, Wipro Limited, is third in the list with a total wealth of Rs 1,17,100 crore. Premji gave up studies at Stanford University to look after the family's cooking oil business in 1966 when his father died and expanded into software. Wipro has an innovation centre in Silicon Valley, which is focused on developing new technologies and collaborating with startups.

2: Coming second in the list is theHinduja family with a total wealth of Rs 1,86,500 crore. Based in Mumbai, the Hinduja Group is involved in a wide range of activities includingfoundries, import-export, trading, motor vehicles, banking,call centresandhealthcare. ( Image Source: www.hindujagroup.com)

1: Reliance Industries Ltd. chairman Mukesh Ambani, who chairs and runs the multinational conglomerate company headquartered in Mumbai, is the richest Indian with a total wealth of Rs 3,80,700 crore. Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father's death in 2002, Ambani and his younger sibling, Anil divided up the family empire. In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio. Jio has signed on 160 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.