Forbes latest list: 4 Telugu businessmen among top-100 India's richest

By Newsmeter Network  Published on  12 Oct 2019 4:20 PM GMT
Forbes latest list: 4 Telugu businessmen among top-100 Indias richest

Hyderabad: 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 India’s 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 Forbe’s for the first time.

With $3.4 billion wealth, Murali Divis of Divi’s 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 Reddy’s Lab ranked at 82 in the Forbe’s 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 Ambani’s 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 Forbe’s 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 Divi’s Lab $3.4 bn 37

PP Reddy Megha Eng $3.3bn 39

PV Ramprasad Reddy Arabindo Pharma $2.25bn 59

K Sathish Reddy Dr Reddy’s Lab $1.7bn 82

India’s 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

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