India has 121 billionaires — 19 more than last year — making them the third largest group of the ultra-rich after those from the US and China, according to Forbes, the business magazine that produces an annual list.
Mukesh Ambani, the energy and petrochemicals magnate, who keeps his standing as the richest Indian, is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to the magazine’s list released online on Tuesday.
He moved up to the 19th global rank on the list of 2,208 billionaires worldwide. In 2017, he ranked 33rd with $23.2 billion.
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The US has 585 billionaires and China 373 this year on the Forbes tally, which it calls “The Three Comma Club” for the punctuation used in writing out fully the billion in numbers. In 2017, there were 102 Indians on the list.
See world ranking of Indian Billionaires
19 Mukesh Ambani ($40.1 billion, petrochemicals, oil & gas)
58 Azim Premji ($18.8 billion, software services)
62 Lakshmi Mittal ($18.5 billion, steel)
98 Shiv Nadar ($14.6 billion, software services)
115 Dilip Shanghvi ($12.8 billion, pharmaceuticals)
127 Kumar Birla ($11.8 billion, commodities)
143 Uday Kotak ($10.7 billion, banking)
151 Radhakishan Damani ($10 billion, investments, retail)
154 Gautam Adani ($9.7 billion, commodities, ports)
170 Cyrus Poonawalla ($9.1 billion, vaccines)
176 Savitri Jindal ($8.8 billion, steel)
176 Sunil Mittal ($8.8 billion, telecom)
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