Reliance's Mukesh Ambani earned Rs 300 crore per day:Report

Reliance's Mukesh Ambani earned Rs 300 crore per day:Report

Courtesy : Agencies26/09/2018 22:39

NEW DELHI: Wealth of India’s richest person Mukesh Ambani rose by Rs 300 crore per day over the past one year, according to a report by Barclays Hurun India Rich List 2018. 

With a wealth of Rs 3,71,000 crore, Reliance Industries’ Chairman, Ambani holds the top position for the seventh year running on the back of over 45 per cent rise in the share price of the company. 

His wealth is more than the combined wealth of the next three: SP Hinduja & Family (Rs 1,59,000 crore), LN Mittal & Family (Rs 1,14,500 crore), and Azim Premji (Rs 96,100 crore). 

Barclays Hurun India Rich List is a compilation of the richest individuals in India having a net worth of Rs 1,000 crore or more. The number of individuals featured in the 2018 list increased by a third to 831 from 617 in 2017. 

Dilip Sanghvi of Sun Pharma emerged as the fifth richest Indian on the list, three slots down from the last year. “His loss in wealth in Suzlon whose share value declined by more than 50 per cent, was neutralised by minor gains in Sun Pharma’s share price. In April 2018, Shanghvi bought a 3.8 per cent stake in Unichem Laboratories. In June 2018, the USFDA issue regarding the plant quality in Gujarat was satisfactorily resolved and the pharma major received a clean chit,” the report said. Sanghvi wealth is around Rs 89,700 crore. 

With a wealth of Rs 78,600 crore, Uday Kotak of Kotak Mahindra Bank took the sixth place in the list, followed by Cyrus S Poonawalla of Serum Institute of India (Rs 73,000 crore), Gautam Adani of Adani Enterprises (Rs 71,200 crore) and Cyrus Pallonji (Rs 69,400 crore). 

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