Mukesh Ambani breaks into top 10 on Hurun rich list as brother Anil, with $1.9 bn, fights bankruptcy
Jeff Bezos tops the list for the second consecutive year with a net worth of USD 147 billion.
By PTI | Updated:
Agencies
Mukesh Ambani became the first Indian to break into the global top 10.
MUMBAI: Reliance Industries chairman Mukesh Ambani has broken into the top 10 richest list globally with a net worth of USD 54 billion, while his younger brother Anil has paled into the oblivion having lost over 65 per cent of his net worth, according to a report.
The Hurun Global Rich List 2019 is topped by Amazon chief Jeff Bezos for the second year in a row, while the senior Ambani is placed 8th, thanks to a rally in RIL shares, which had topped the Rs 8-lakh-crore-mark last month. Ambani owns almost 52 per cent in Reliance.
Anil Ambani, held in contempt of court by the Supreme Court last week for not paying up Ericsson Rs 540 crore, has lost over USD 5 billion, from USD 7 billion seven years ago to USD 1.9 billion this year, even though both the brothers got off with more or less same amount of inherited wealth.
"Having started off similarly after the break-up of the family wealth, Mukesh added USD 30 billion to his wealth in the past seven years, while Anil has lost over USD 5 billion during the same period," says the Hurun report.
The other wealthiest Indians are Hinduja group chairman SP Hinduja with net worth of USD 21 billion, Wipro chairman Azim Premji is at third with a net worth of USD 17 billion, says the report released Tuesday.
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Cyrus S Poonawalla, chairman of the Poonawalla group that run Serum Institute, with a networth of USD 13 billion is not only ranked as the fourth richest Indian but also breaks into the top 100 global ranking.
Cyrus S Poonawalla is ranked the fourth richest Indian. Steel giant ArcelorMittal's Lakshmi Mittal stands at fifth position, followed by Kotak Mahindra's Uday Kotak (USD 11 billion), Gautam Adani (USD 9.9 billion) and Sun Pharma's Dilip Shanghvi (USD 9.5 billion).
Cyrus Pallonji Mistry and Shapoorji Pallonji Mistry, both with wealth of USD 9.5 billion each come in the ninth and the 10th position, respectively, thanks to their 18.4 percent holding in the country's largest conglomerate Tata group.
According to the list, Smita Crishna, a third- generation heir of the Godrej family, tops the female billionaire list with a networth of USD 6.1 billion, while Kiran Mazumdar-Shaw of Biocon is the richest self-made female entrepreneur ranked 671 with a wealth of USD 3.5 billion.
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Kiran Mazumdar-Shaw (L) and Smita Crishna (R). "Since 2012, this is for that first time that India has slipped to the fifth rank in the Hurun Global Rich List. An under-performing rupee and a lackluster stock market resulted in the country losing one-third of the list," Hurun Report India managing director and chief researcher Anas Rahman Junaid said.
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Money And Passion: What Bill Gates, Mukesh Ambani And Other Billionaires Spend On
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Billionaire Bill Gates revealed his two biggest indulgences in a talk show recently – a Porsche and a private plane. A look at other billionaires and their big money buys:
Billionaire Bill Gates revealed his two biggest indulgences in a talk show recently – a Porsche and a private plane. A look at other billionaires and their big money buys:
Mumbai residence
It’s still the most expensive residential property in the world after Buckingham Palace and the building was completed in 2010. It is the residence of Reliance Industries chairman Mukesh Ambani and his family, and reportedly cost $2 billion, including the rate of the land on which it is built. The building has 27 storeys and is 173 meters high. The highrise sits on Altamount Road in Mumbai and includes space for a staff of 600.
Mumbai residence
It’s still the most expensive residential property in the world after Buckingham Palace and the building was completed in 2010. It is the residence of Reliance Industries chairman M..
Read More
Flying Heritage & Combat Armor Museum
The Flying Heritage & Combat Armor Museum houses Microsoft co-founder Paul Allen’s collection of rare military crafts, tanks and other military items. The artifacts are from all over the world including Japan and Russia. Allen began acquisition and preservation in 1998 and the collection was opened to the public in 2004. The museum is run by a non-profit organisation that seeks to educate the public about planes.
Flying Heritage & Combat Armor Museum
The Flying Heritage & Combat Armor Museum houses Microsoft co-founder Paul Allen’s collection of rare military crafts, tanks and other military items. The artif..
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Necker island
Branson bought a private island in the Caribbean when he was just 28 years old, and within a few years pumped in millions and turned it into a fabulous resort. Branson’s island is called Necker Island and is spread out over 30 hectares. It boasts a ten-bedroom Balinese style-villa that can accommodate around 30 people and was purchased by Branson for just $180,000 in 1978, despite being priced around $6 million. Branson’s wedding to his second wife Joan Templeman happened on the island.
Necker island
Branson bought a private island in the Caribbean when he was just 28 years old, and within a few years pumped in millions and turned it into a fabulous resort. Branson’s island is call..
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Eclipse
Built by the German shipbuilder Blohm+Voss, Eclipse is the world’s second largest private yacht at 162.5 metres. Russian billionaire Roman Abramovich got the yacht after sea trials in December 2010. The luxury yacht needs a crew of 70 and has 24 guest cabins, a disco hall, two swimming pools and two helicopter pads. The yacht also comes with three launch boats and a mini submarine.
Eclipse
Built by the German shipbuilder Blohm+Voss, Eclipse is the world’s second largest private yacht at 162.5 metres. Russian billionaire Roman Abramovich got the yacht after sea trials in Decemb..
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No. 5, 1948
The Fintech Advisory founder is a well-known art collector. In 2006, he reportedly purchased Jackson Pollock’s ‘No.5, 1948’ for a staggering $140 million at an auction from producer David Geffen. The Mexican investor has denied the possession of the painting but many, including The New York Times, have said that the Pollock painting hangs in Martínez’s New York apartment, which is supposed to be one of the most expensive apartments in Manhattan.
(Image: www.aristeguinoticias.com)
No. 5, 1948
The Fintech Advisory founder is a well-known art collector. In 2006, he reportedly purchased Jackson Pollock’s ‘No.5, 1948’ for a staggering $140 million at an auction from producer Dav..
The report also points out that media billionaires had a bad year, led by Zee's Subhash Chandra and Sun TV's Kalanithi Maran who lost their net worth substantially.
Bezos of Amazon tops the list for the second consecutive year with net worth of USD 147 billion, which may not hold for long as he is divorcing his wife who owns half of his 16 per cent in the world's largest online retailer.
As per the report, the number of individuals featured in the 2019 edition has come down by 224 to 2,470 from 2,694 in 2018.
The cumulative wealth of these 2,470 individuals stood at USD 9.5 trillion amounting to 12 percent of global GDP.
With a wealth of USD 96 billion, Microsoft founder Bill Gates ranks second in the global list followed by Warren Buffet, chairman of Berkshire Hathaway with net worth of USD 88 billion, LVMH's Bernard Arnault at USD 86 billion at the fourth slot.
Facebook's Mark Zuckerberg with net worth of USD 80 billion is at the fifth position.
Girls Inc! The World's 5 Richest Women Control $157 Billion
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The second-richest female in the world is Alice Walton. The only daughter of Wal-Mart founder Sam Walton, Alice has not taken an active role in the family business but is the wealthiest woman in America, primarily thanks to her share of Wal-Mart stock and hefty dividends payments.
She is one of four Walton women in the ranks. The others are her sister-in-law Christy Walton, the widow of her brother John, and her cousins, Anne Walter Kroenke and Nancy Walton Laurie.
(Image: Pinterest)
(Source: Bloomberg Billionaires Index)
The second-richest female in the world is Alice Walton. The only daughter of Wal-Mart founder Sam Walton, Alice has not taken an active role in the family business but is the wealthiest woman in Amer..
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Jacqueline Mars owns one third of Mars, the world's largest candymaker. She worked for the company for nearly 20 years and served on the board until 2016.
A well-known philanthropist, she serves on six boards including at the Smithsonian and the National Archives.
Her brother John owns one third of Mars, as did her brother Forrest Jr., until his death in July 2016.
(Image: Pinterest)
(Source: Bloomberg Billionaires Index)
Jacqueline Mars owns one third of Mars, the world's largest candymaker. She worked for the company for nearly 20 years and served on the board until 2016.
A well-known philanthropist, she serves on ..
Read More
Klatten owns 21 per cent of Bayerische Motoren Werke (BMW), the world’s second-largest maker of luxury vehicles.
The Munich-based company's brands include BMW, Mini and Rolls-Royce. She also has stakes in chemical company Altana, carbon producer SGL Carbon, credit card maker Entrust Datacard and turbine developer Nordex.
She inherited 50 per cent of the company, which has been a phenomenal moneymaker and currently derives about 85 per cent of its $2 billion-plus in annual sales from foreign customers.
She is known for maintaining an extremely low profile.
(Image: Pinterest)
(Source: Bloomberg Billionaires Index)
Klatten owns 21 per cent of Bayerische Motoren Werke (BMW), the world’s second-largest maker of luxury vehicles.
The Munich-based company's brands include BMW, Mini and Rolls-Royce. She also has sta..
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Yang controls Country Garden Holdings, a Chinese real estate developer that builds properties and manages hotels throughout the country. Yang's father co-founded Country Garden in 1992 and transferred his stake in the company to her in 2005.
The Foshan-based business had revenue of 153 billion yuan ($23 billion) in 2016. Yang became China's richest woman at age 25, after Country Garden raised $1.65 billion in a Hong Kong initial public offering in April 2007.
(Source: Bloomberg Billionaires Index)
Yang controls Country Garden Holdings, a Chinese real estate developer that builds properties and manages hotels throughout the country. Yang's father co-founded Country Garden in 1992 and transferre..
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