Indian Vanguard

  • April-May-June 2011

    Peoples March 2011- April May June 01 copy
  • Who is the problem, the CPI (Maoist) or the Indian State?

  • Democracy’ at its worst !

  • Narayanpatna: Fact Finding Report

  • Interview: Aruna Roy

    The State wiil fail if the army and air force are used against the maoists

    Interview with Aruna Roy

  • The Heart of India is Under attack- Arundhati Roy

    Arundhati roy 22

  • Peoples March, Novemeber

    Pm Nove 2009 Issue 1101 copy

  • Debates on Lalgarh

    Debates on Lalgarh copy

  • Interview: Koteswar Rao

  • Green Hunt: Fact finding Report

    FFR Green Hunt copy1

  • Govt at war with Maoists to aid MNCs: Arundhati

    Arundhati roy 2

  • Stop Green Hunt

    Let us deman copy

  • Interview: Ganapathi

  • Statement against Military offencive

  • Singur to Lalgarh via Nandigram

    Singur to Lalgarh via Nandigram 3

  • Confronting Guns of Peace: Bastar Faces its Worst Crisis

  • Lalgarh: A hopeful spark

    Revolut copy

  • Maoist Images

    naxal_gadar2

    Gaddhar in a pro CPI Maoist Rally

    More>>

  • Lalgarh Images

  • People’s Truth

India doubles billionaires; Mukesh Ambani tops list

Posted by Admin on November 20, 2009

MUMBAI (Reuters Life!) – A buoyant stock market and a still-robust economy have nearly doubled the number of billionaires in India, according to the Forbes’ Rich List.

With the stock market having gained more than 75 percent this year and the economy growing at nearly 7 percent, the number of billionaires jumped to 52 in 2009 from 27 in the previous year, just two short of the record in 2007, according to the ranking.

Mukesh Ambani, chief of Reliance Industries, India’s most valuable private firm, tops the list again with a net worth of about $32 billion, followed by steel baron Lakshmi Mittal with $30 billion. Their net worth rose by nearly half.

Rounding off the top three is Mukesh’s estranged brother Anil Ambani, with an estimated net worth of $17.5 billion.

"Happy days are definitely back again for India’s richest," said Nazneen Karmali, India editor of Forbes Asia.

"This year’s list shows that when conditions in the financial markets and the economy are right, India has the scale and resources to produce billionaires faster than most countries."

The combined net worth of India’s 100 wealthiest people is $276 billion, according to the list, about a quarter of the country’s GDP and greater than China’s $170 billion.

Savitri Jindal, non-executive chairwoman of O.P. Jindal Group, is at number seven and one of only six women on the list.

Others in the top 10 include Azim Premji, founder of No. 3 software exporter Wipro, steelmakers the Ruia brothers, real estate baron K.P. Singh and telecom tycoon Sunil Mittal.

India’s list, unlike the global ranking, includes some family fortunes, Forbes said. (see list on www.forbes.com/india) Reuters

Advertisements

One Response to “India doubles billionaires; Mukesh Ambani tops list”

  1. Redcodz said

    An interesting article.
    Several items there are of great assistance, than

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: