Mukesh Ambani, Mittal top Rich List

New Delhi: Energy tycoon and Reliance Industries chairman Mukesh Ambani is India’s richest man with personal assets of $18.9 billion, a report says. According to the China-based ‘Hurun India Rich List’, Ambani retained the top position for the second year even after a wealth decrease of two per cent.

He is followed by London-based steel baron Lakshmi Narayan Mittal with assets of $15.9 billion. Mittal’s wealth declined six per cent from last year. Sun Pharmaceuticals’ founder Dilip Shanghvi broke into the top three for the first time with a 66 per cent surge in his wealth.

Mukesh Ambani, Lakshmi Narayan Mittal Top Rich List

“This rise in stock price was supported by the expected sales of the cancer drug Doxil, following Janssen Pharma Inc’s admission of shortage of the drug supply,” the report said.

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