Reliance Industries Chairman Mukesh Ambani has topped the Forbes magazine's list of the 100 richest Indians for third year in-a-row, pipping billionaires Lakshmi N Mittal and Azim Premji, with a net worth of $27 billion.
According to the research study, the combined net worth of India's 100 richest people rose to $300 billion this year, from $276 billion last year, driven by the country's booming economy and a rally in the stock market.
According to the Forbes India Rich List, there are 69 billionaires this year, compared to the 52 last year.
Ambani was followed by the steel baron Lakshmi Mittal, who retained his second position in the list with a net worth of $26.1 billion. However, the wealth of both of these billionaires is believed to have slipped 15 per cent this year.
Mukesh's younger brother, Anil, lost the third spot to Wipro chief Azim Premji. The younger Ambani fell to the sixth rank.
Premji's wealth has increased to $17.6 billion, from $14.9 billion last year, taking him a step higher from last year to the third spot.
Fourth on the list is Essar Energy brothers Shashi and Ravi Ruia, with a net worth of $15 billion, bolstered by the company's initial public offer in London, which raised $1.85 billion.
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