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