• Monday, August 15, 2022

Business

Reliance Industries’ Mukesh Ambani Emerges As Richest Indian for 11th Consecutive Year: Forbes

Mukesh Ambani (Photo: RAVEENDRAN/AFP/Getty Images).

By: Radhakrishna N S

For the eleventh consecutive year, India’s Reliance Industries Chairman Mukhesh Ambani has appeared as the richest among the Indians with a net worth of $47.3 billion, according to the rich list released by the Forbes magazine on Thursday (4). Ambani is also the year’s biggest gainer, who added $9.3bn to his wealth amid the continuing success of his Reliance Jio broadband telecommunication service in India. “Despite a rout in the rupee that practically wiped out the Indian stock market’s 14 per cent rise from a year ago, tycoons on the 2018 Forbes India Rich List saw a modest gain in…

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