Energy tycoon and Reliance Industries chairman Mukesh Ambani is India's richest man with personal wealth of $19.3 billion, while steel baroness Savitri Jindal topped the richest woman list with a personal fortune of $5.6 billion, China-based research firm Hurun said.
The Indian business magnate beat 59 Indian billionaires in dollar terms to the top, followed by London-based steel baron Lakshmi Narayan Mittal. Arcelor Mittal, chairman of ArcelorMittal, has a personal wealth of $16.9 billion, according to the report.
Azim Premji, Chairman of Wipro Limited, became the third richest man in India with $12.3 billion in personal wealth, followed by Dilip Shanghvi, managing director of Sun Pharmaceutical Industries Limited, with $8.5 billion and Pallonji Mistry chairman of Shapoorji Pallonji Group with $7.9 billion.
Savitri Jindal, steel baroness, is India's richest woman with wealth $5.6 billion, while Kiran Mazumdar-Shaw of Biocon Limited is the country's self-made richest woman worth $600 million.
The other top four Indian business men who made to the list are Shashi & Ravi Ruia of Essar Group with fortune worth $7.2 billion, Adi Godrej of Godrej groups with $6.9 billion, Kushal Pal Singh chairman of DLF Limited with $6.3 billion, Kumara Mangalam Birla of Aditya Birla group with fortune worth $5.8 billion.
For the tenth position there is tie between Shiv Nadar of HCL Technology and Sunil Mittal of Bharti Airtel, each with fortune worth $5.7 billion.
Hurun Report Inc is a leading research house and publishing group based in Shanghai, China.
"The stories of the people on the Hurun India Rich List tell the story of business in modern India," Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher said.
At least 52 from the rich list saw their wealth shrink, and the shrinkage was by more than 25 percent for 21 of them, according to reports.
Among the people whose wealth were adversely affected in 2012 includes Ambani, LN Mittal, Shashi and Ravi Ruia, Mangalam Birla and Sunil Mittal, while magnets whose fortunes were on the upswing include Azim Premji, Sanghvi, Mistry and Nadar.
"This was mainly due to the 12% depreciation of the Rupee against the US Dollar, which negated the appreciation in India's stock markets," said Anas Rahman Junaid of GyanMagnus Associates, Hurun Report's chief Indian research partner.
Check out the top ten list below:
Wealth (US $ Billions)
|1||Mukesh Ambani||Reliance Industries Limited||19,300|
|2||Lakshmi Narayan Mittal||Arcelor Mittal||16,900|
|4||Dilip Shanghvi||Sun Pharmaceuticals||8,500|
|5||Pallonji Mistry||Shapoorji Pallonji & Co||7,900|
|6||Shashi & Ravi Ruia||Essar Energy||7,200|
|7||Adi Godrej||Godrej Group||6,900|
|8||Kushal Pal Singh||DLF||6,300|
|9||Kumar Mangalam Birla||Aditya Birla Group||5,800|
|10||Shiv Nadar||HCL Technology||5,700|
|10||Sunil Mittal||Bharti Airtel||5,700|