Patanjali's Balkrishna enters Forbes rich list
with $2.5bn
Yoga guru Ramdev's close associate Acharya
Balkrishna has entered the annual Forbes list of Indi a's 100 Richest People at
the 48th position with a net worth of $2.5 billion, owing to his 97% holding in
Pa tanjali Ayurved. However, new-age retailer Flipkart's co-founders Sachin and
Binny Bansal made a surprise exit from the list.
The
Forbes list on Thursday named industrialist Mukesh Ambani as India's richest
person for the ninth year in a row with a sharp increase in his net worth to
$22.7 billion, while Sun Pharma's Dilip Shanghvi was ranked a distant second
with a wealth of $16.9 billion. Mukesh's younger brother Anil Ambani was ranked
32nd with a net worth of $3.4 billion, down from 29th spot last year.
This
year, the minimum amount required to make to the Forbes list was $1.25 billion,
up from $1.1 billion in 2015. Forbes said the list was compiled using
shareholding and financial information obtained from the families and
individuals, stock exchanges, analysts and regulators. Forbes said the combined
net worth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh
crore), a rise of 10% from $345 billion in 2015.
Balkrishna
is among the six newcomers on the list, while 13 persons have failed to make
the cut this year.Flipkart's Bansals were ranked 86th last year with a net
worth of $1.3 billion. Mukesh Ambani's wealth rose in the past one year from
$18.9 billion to $22.7 billion (over Rs 1.5 lakh crore) on 21% surge in share
price of Reliance Industries, the flagship company of his group, which recently
launched 4G mobile services with much fanfare. He was ranked 36th in the global
rich list.
Shanghvi
retained his second position, though his wealth fell by $1.1 billion due to
plunge in share price of his group firm Sun Pharma, the world's fifth largest
generic drug maker, Forbes said. The Hinduja brothers rose to the third spot by
displacing Premji and saw their worth rising to $15.2 billion, from $14.8 a
year ago.
“The four
siblings -Srichand, Gopichand, Prakash, and Ashok -control multinational empire
Hinduja Group, with businesses ranging from trucks and lubricants to banking
and cable television. The group commissioned its much-delayed 1,040-MW thermal
power unit in south India in July ,“ the magazine said.
(TOI)
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