Mukesh Ambani tops ‘Barclays Hurun India rich list 2018’; earned Rs 300 cr per day

India’s richest man Mukesh Ambani’s per day earning reportedly rose to Rs 300 crore over the past one year. Reliance Industries chairman topped the ‘Barclays Hurun India Rich List 2018’ for the seven consecutive years having a net worth of  Rs 3,71,000 crore.

If we combine the wealth of the next three richest men of him, SP Hinduja & Family (Rs 1,59,000 crore), LN Mittal & Family (Rs 1,14,500 crore), and Azim Premji (Rs 96,100 crore) the amount would not touch Mukesh Ambani’s net wealth. 

After Azim Premji, Dilip Sanghvi of Sun Pharma emerged as the fifth richest Indian on ‘Barclays Hurun India rich list 2018’ but he slipped three positions from last year. According to the report, Sanghvi’s loss of wealth in Suzlon, whose share value reportedly decreased by more than 50 per cent, was neutralised by minor gains in Sun Pharma’s share price.

Here is the list of top 10 richest men in ‘Barclays Hurun India rich list 2018′

“In the year 2018 April, Shanghvi bought a 3.8 per cent stake in Unichem Laboratories. In June 2018, the USFDA issue regarding the plant quality in Gujarat was satisfactorily resolved and the pharma major received a clean chit,” the report said.

The report also mentioned the top 10 richest families in India, in which Ambani also holds the top position, followed by Godrej, Hinduja, Mistry, Shanghvi, Nadar, Adani, Damani, Lohia and Burman.

Here is the list of top 10 richest families in ‘Barclays Hurun India rich list 2018

In Barclays Hurun India Rich List 2018, there are 66 NRI’s and 65 per cent of them are self-made. UAE emerged as the most preferred choice for NRIs followed by the US and the UK. With Rs 159,000 crore, SP Hinduja & family of Hinduja Group is the wealthiest NRI. Having a worth of Rs 39,200 crore, Yusuff Ali MA is the most wealthiest NRI who lives in the UAE.

The number of wealthiest individuals featured in Barclays Hurun India Rich List 2018 has been increased from 617 to 831 in 2017. The cumulative wealth of these 831 individuals featured in the list is standing at $719 billion, amounting to a quarter of India’s gross domestic product of $2.85 trillion, according to an International Monetary Fund (IMF) estimate on 1 April.

“Wealth is changing hands to the next generation and the number of Indian unicorns crossed 20 for the first time. Next 10 years in India would witness young and next generation entrepreneurs taking charge of the family business and the unicorn entrepreneurs cashing out and eventually becoming VC houses,” the report notes.

Photo credit: Economic Times

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