Five of India's super rich own 50% wealth of all the richest
The top five Indian billionaires led by Reliance Industries chairman Mukesh Ambani collectively control $85.5 billion in personal wealth, accounting for nearly half of the country’s total billionaire wealth, a new study said on Wednesday.
According to the analysis by wealth research firm Wealth-X of India’s richest individuals, Mukesh Ambani rema-ins the richest man in the country with an estimated net worth of $24.4 billion .
Mukesh Ambani is followed by steel tycoon Lakshmi Mittal, drugmaker Sun Pharma’s Dilip Shanghvi, IT giant Wipro’s Azim Premji and Tata Sons’ shareholder Pallonji Shapoorji Mistry among the top five wealthiest individuals from India.
“The five billionaires collectively control $85.5 billion in personal wealth, accounting for 47.5 per cent of India’s total billionaire wealth,” Wealth-X said. Observing that “entrepreneurialism is the key to attaining financial success in the world’s largest democracy”, the study further said that these five entrepreneurs have made their fortunes through their businesses in sectors such as oil and gas, steel and pharmaceuticals.
http://www.deccanchronicle.com/140814/business-latest/article/five-super-rich-own-50-wealth-all-richest
The top five Indian billionaires led by Reliance Industries chairman Mukesh Ambani collectively control $85.5 billion in personal wealth, accounting for nearly half of the country’s total billionaire wealth, a new study said on Wednesday.
According to the analysis by wealth research firm Wealth-X of India’s richest individuals, Mukesh Ambani rema-ins the richest man in the country with an estimated net worth of $24.4 billion .
Mukesh Ambani is followed by steel tycoon Lakshmi Mittal, drugmaker Sun Pharma’s Dilip Shanghvi, IT giant Wipro’s Azim Premji and Tata Sons’ shareholder Pallonji Shapoorji Mistry among the top five wealthiest individuals from India.
“The five billionaires collectively control $85.5 billion in personal wealth, accounting for 47.5 per cent of India’s total billionaire wealth,” Wealth-X said. Observing that “entrepreneurialism is the key to attaining financial success in the world’s largest democracy”, the study further said that these five entrepreneurs have made their fortunes through their businesses in sectors such as oil and gas, steel and pharmaceuticals.
http://www.deccanchronicle.com/140814/business-latest/article/five-super-rich-own-50-wealth-all-richest
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