Breaking News: India adds 27 new billionaires in year 2016

India added 27 new billionaires with Mukesh Ambani, Chairman of Reliance Industries (RIL), emerging at the top with a personal wealth of $26 billion, according to Hurun Global Rich List 2016.

Cumulative Indian billionaires’ wealth stood at $308 billion, registering a 25 per cent growth over last year. 

Mr. Ambani, who is ranked 21st globally, was followed by Sun Pharma promoter, Dilip Shanghvi, with personal wealth of $18 billion.India is home to 111 billionaires and most of them are from Mumbai. 

India’s e-commerce leaders, Sachin Bansal and Binny Bansal of Flipkart, with wealth of $1.4 billion, were ranked amongst the 69 billionaires under the age of 40. 

Globally, 99 new billionaires were added to the list in 2016 to take the total billionaire rich list to a record of 2,188, 50 per cent more than 2013.

Courtesy: Forbes