Mukesh Ambani: RIL chairman Mukesh Ambani becomes Asia's richest person | Gadgets Now

Thursday, November 2 2017

Mukesh Ambani: RIL chairman Mukesh Ambani becomes Asia's richest person | Gadgets Now

Reliance Industries Chairman Mukesh Ambani on Wednesday overtook China 's Hui Ka Yan to become Asia's richest person with a total wealth of $42.1 billion.

According to Forbes' real time billionaire's list, Ambani's personal wealth rose by $466 million, thanks to 1.22 per cent rise in shares of Reliance Industries to Rs 952.30 on Wednesday.

On the other hand, wealth of China Evergrande Group's Chairman Hui Ka Yan slumped by $1.28 billion to $40.6 billion on Wednesday.

Globally, Ambani stood at the 14th spot on Forbes' real time billionaire's list, which is based on the value of person's stock holding and assets on a real time basis.

Ambani has seen a huge jump in his personal wealth in 2017, as the shares of Reliance Industries have jumped over 75 per cent year-to-date. Last month, RIL had churned out another billion dollar profit in the September quarter thanks to robust growth in gross refining margins and petrochemical revenues.

Consolidated net profit of the company had increased 12.48 per cent year-on-year (YoY) to Rs 8,109 crore for the quarter ended September 30, 2017 against Rs 7,209 crore in the corresponding quarter last year.

RIL on Wednesday became the first Indian company to hit the market capitalisation of Rs 6 lakh crore.

Ambani's telecom rival Sunil Mittal also saw a huge jump in personal wealth on Wednesday. Mittal's real time net worth according to Forbes surged by $751 million to $10.9 billion.

Shares of Bharti Airtel , had surged by 8.19 per cent to Rs 538.40 on Wednesday.

View As Photolist » Meet the 10 richest techies in India 1 11 Meet the 10 richest techies in India Forbes' India Rich List 2017 is out. The annual list of India's richest business tycoons estimates the net worth of India's 100 richest at $479 billion, a rise of 26% from $374 billion in 2016. The list has fair share of tech billionaires. Read on for the names. Mukesh Ambani Reliance Industries chairman Mukesh Ambani tops Forbes' India Rich List 2017. According to Forbes, Mukesh Ambani's net worth stands at $38 billion. Though per se not a 'tech billionaire', he makes it to this list courtesy Reliance Jio. The Reliance Industries' chairman is betting big on his group's foray into the telecom sector. Reliance Jio launched its services commercially in September last year. In July this year, the company announced a new feature phone called JioPhone. The JioPhone comes at a effective price tag of Rs zero. Buyers have to pay a security deposit of Rs 1,500, refundable after three years. Azim Premji Next on the list is Azim Premji. Premji is chairman of Bangalore-based Wipro, one of the country's largest software and IT services company. His net worth, according to Forbes, is $19 billion. The 72-year old Premji is ranked among Asia's most generous billionaires, having given away 39% of his company's shares. Shiv Nadar Next tech billionaire on the list is HCL Technologies' founder Shiv Nadar. He ranks at No. 7 in the overall list with a net worth of $13.6 billion. Nadar founded HCL in the year 1976. HCL Tech today employs over 120,000 people globally. He ranks at No. 18 among the richest people in the tech globally. Sunil Mittal Next from the tech industry on the Forbes' India Rich list is Bharti Airtel chairman Sunil Mittal at No. 14 (over all list ranking). His net worth, according to Forbes, is $8.3 billion. Airtel is the largest telecom service provider in India. The company is into a bruising tariff war with the newest telco, Reliance Jio. Earlier this year, the Bharti Airtel also launching Airtel Payments Bank in a joint venture with Kotak Mahindra Bank. Anil Ambani At No. 45 on the Forbes' India Rich List 2017 is Reliance Communications' Anil Ambani. According to Forbes, the net worth of the younger of the Ambani brothers is $3.15 billion. Anil Ambani's business empire also has interests in financial services, media and infrastructure. Reliance Communications recently called off its merger with Aircel. NR Narayana Murthy NR Narayana Murthy is the next tech billionaire in Forbes' India Rich List 2017. Infosys co-founder Murthy stepped down as chairman of the company in the year 2011, after almost 3 decades with the company. He returned to Infosys in 2013 and left in 2014 after handing over the CEO's position to former SAP exec Vishal Sikka. He was recently in news after Infosys board blamed him for the resignation of the former CEO Sikka. The resignation of Sikka led to a management shakeup in the company leading to the return of cofounder Nandan Nilekani as non-executive chairman. He is also ranked among the richest tech billionires in the world. Dinesh Nandwana One of the new entrants on Forbes' annual India Rich list is Dinesh Nandwana, the CEO and managing director of e-governance services firm Vakrangee Ltd. Ranked at No. 88 in the overall list, his netw worth is $1.72 billion. Nandan Nilekani Next on list is another Infosys co-founder, Nandan Nilekani. Nilekani is also the current non-executive chairman of the IT giant, a position he took over in August 2017 after a board shakeup. He is also the former chairman of Unique Identification Authority of India, the body responsible for creating identity card scheme Aadhar. Nilekani ranks at No. 89 in the Forbes' India Rich List 2017 with a net worth of $1.71 billion. He is the biggest investor in TeamIndus, the Indian company building a spacecraft to land on the moon. Senapathy Gopalakrishnan Third person to be on the list from Indian IT giant Infosys is Senapathy Kris Gopalakrishnan. One of the co-founders of Infosys, Gopalakrishnan retired from the company in the year 2014. With a net worth of $1.61 billion, he ranks at No. 92 on Forbes' India Rich List 2017. Since his retirement, Gopalakrishnan has invested in over 60 startups. Vijay Shekhar Sharma At No. 99 is another billionaire from the technology industry, Paytm's Vijay Shekhar Sharma. His net worth, as per Forbes' India Rich List 2017, is $1.47 billion. Founded in the year 2011, Paytm has been one of the biggest beneficiaries of Indian government's demonetisation. Sharma owns some 18% in Paytm, which was valued at $7 billion in May this year.