New Delhi: The past year has proved challenging for the India's 'wealth creators' as Forbes' 2019 list of business tycoons saw their total wealth dropping by 8%. "In all, 14 were poorer by $1 billion or more, and nine members from last year's ranks dropped off. The Forbes India Rich List 2019 showed industrialist Gautam Adani jumped 8 spots on the list to become the second richest India with net worth of $15.7 billion while Reliance Industries chairman Mukesh Ambani maintained his numero uno spot with $51.4 billion. Ashok Leyland owners Hinduja brothers stood third with a net worth of $15.6 billion, Shapoorji Pallonji Group's Pallonji Mistry occupied the fourth spot with a $15 billion net worth, Kotak Mahindra Bank's Uday Kotak was ranked fifth with $14.8 billion net worth followed by HCL Technologies' Shiv Nadar with a net worth of $14.4 billion. He added $4.1 billion to his net worth as Jio, a three-year-old telecom unit of his Reliance Industries, became one of India's biggest mobile carriers with 340 million subscribers," Forbes said.

Source: Mint October 12, 2019 03:33 UTC