Forbes latest list: 4 Telugu businessmen among top-100 India's richest
By Newsmeter Network Published on 12 Oct 2019 4:20 PM GMTHyderabad: Four businessmen from both the Telugu states figured in the latest Forbes list of top-100 richest persons in India. With $51.4-billion wealth, Reliance Industries Ltd (RIL) chairman Mr Mukesh Ambani retained the first position as Indiaās richest man for the 12th consecutive time followed by Mr Gautham Adani with $15.7 billion. With $14.5 billion, Mr Uday Kotak entered the top-5 list of Forbeās for the first time.
With $3.4 billion wealth, Murali Divis of Diviās Lab was ranked at 37, PP Reddy ($3.3bn) of Megha Engineering ranked at 39, PV Ramprasad Reddy ($2.25bn) of Aurobindo Pharma ranked at 59 and Mr Sathish Reddy ($1.7bn) of Dr Reddyās Lab ranked at 82 in the Forbeās list.
The wealth of Indian rich people declined eight per cent to $452bn. Almost half of the top-100 rich people suffered erosion of their wealth. The Indian economy slowdown impacted the wealth creation, observes Forbes magazine.
Mr Mukesh Ambaniās wealth rose by $4.1bn to $51.4billion. Infrastructure king Gautham Adani rose to the second slot with $15.7 bn from the eighth position last year. Wipro chief Azim Premji fell to 17th position from the second position. With $15.6 bn wealth, Hinjuja brothers stood at third position followed by Pallonji Mistri with $15bn.
Four businessmen reentered the Forbes list. Kalpataru MD Mofatraz ($1.85bn ) ranked at 75, Raju Shroff of UPL ($1.69bn) at 87, and Infosys co-founders -- K Dinesh ($1.61bn) at 89, and SD Shibulal ($1.4BN) at 100, according to the Forbeās list.
Notably, there is an 8% drop in the wealth of Indian rich men.
The richest Telugu Businessmen
Name Company wealth ($/bn) Rank
Murali Divi Diviās Lab $3.4 bn 37
PP Reddy Megha Eng $3.3bn 39
PV Ramprasad Reddy Arabindo Pharma $2.25bn 59
K Sathish Reddy Dr Reddyās Lab $1.7bn 82
Indiaās Top-10 richest businessmen
Name Company wealth ($/bn)
Mukesh Ambani RIL 51.4
Gautham Adani Adani Group 15.7
Hinduja Bros Hinduja group 15.6
Pallonji Mistry Shapoorji Pallonji group 15
Uday Kotak Kotak Group 14.8
Shiv Nadar HCL Group 14.4
Radhakishan Damani Damani Group 14.3
Godrej family Godrej Group 12
Kumar Birla Birla group 9.6