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Mukesh Ambani is richest Indian

New York: With a fortune of $32 billion, Reliance Industries Limited Chairman Mukesh Ambani has topped the U.S. business magazine Forbes’ annual list of richest Indians. His brother, Anil Ambani, figures at number three. Mittal second Steel tycoon Lakshmi Mittal, who lives in London but holds an Indian passport, is sandwiched between the Ambani brothers with a net worth of $30 billion. The magazine put Anil Ambani’s net worth at $17.5 billion. Marked growth Together, the three saw their wealth grow by over $25 billion to $79.5 billion on the back of a rebound in the stock market over the past one year, but were still far shy of their record total of $145 billion at the peak of the stock market boom in November 2007. The list of India’s richest 100 people included 52 billionaires, nearly double from 27 a year ago and just short of 54 in November 2007. However, there were only six women in the list. Collective wealth The collective wealth of these 100 is $276 billion (nearly Rs. 13 lakh crore), which is almost one- fourth of the country’s GDP. While the top three in the pack have retained their respective positions for the second year in a row, telecom czar Sunil Mittal has slipped from fourth to eighth place and IT veteran Azim Premji has moved up to fourth. Besides, Adi Godrej, who heads a diversified conglomerate, has moved out of the top-10 league and Essar group’s Ruia brothers have entered the top-five club. Ahead of China India, which lags behind China in terms of economic growth rate, has beaten its neighbour when it comes to the wealth accumulated by its richie-rich club. India’s 100 richest command a total fortune of $276 billion, which is $100 billion more than the total net worth of their Chinese counterparts, despite the fact that China has a higher number of billionaires at 79. The top 10 richest Indians have a fortune of $155 billion, almost four times that of China’s top 10, Forbes said.

                                                                                                               
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