Mukesh Ambani Tops Azim Premji as Richest Indian

By Posted 2006 Updated   India

The Indian rich list is changing thanks to the progressive Indian economy and recent stock market boom. Top Indian newspapers like Times of India, Hindustan Times, Business Standard are reporting that Mukesh Ambani is now the richest Indian and replaces Azim Premji of Wipro who has long held this title. Mukesh Ambani is the chairman and managing director of Reliance Industries Limited, India’s largest private sector company.

They say surging share prices of Reliance Industries Limited has led it to surpass ONGC as India’s largest corporate house with highest market capitalization among listed entities taking Mukesh Ambani’s net worth based on his shareholding in group companies to a record high.

While the “who is the richest Indian” fortunes are determined to a large extent by the stock market, Lakshmi Mittal may still be the richest one, though he is based outside India. Earlier Forbes 40 Richest Indians list released in December 2005 had found that Laksmi Mittal, the steel tycoon was the richest Indian, followed by Azim Premji of Wipro and Mukesh Ambani of Reliance Industries. Even the Forbes World’s Richest Billionaires 2006 lists Lakshmi Mittal as fifth richest person in the world. Well it seems Lakshmi Mittal might still be the richest global Indian.


6 comments on “Mukesh Ambani Tops Azim Premji as Richest Indian

  1. Sumit says:

    It is very proud to every Indain that Mukesh Ambani from India is one of the most Richest Person in the World .I wish him a very good future and I hope that he will continue his place always at the top ranking
    Thanks

    Sumit Sharma

  2. david says:

    i believe that bill gates is still the richest man on earth because their gap is just slight but few months after, i believe that Gates would still become the richest man on earth..

  3. vishal says:

    I M PROUD OF MUKESH AMBANI THAT HE IS THE RICHEST PERSON IN THE WORLD AND HE WILL REMAIN THE TOP OF THE WORLD. I DOTN THAT THE BILL GATES SHOULD OVERTAKE HIM.
    IT IS MY HUMBLE REUEST THAT RELIANCE INDUSTRY SHOLD INVEST IN AFRICA.
    RELIANCE INDUSTRY AND LONG LIVE TO INDIAN

  4. rupinder kaur says:

    i wish a happy new year to mukesh ambani… also i wud like to meet him to speak … im really lukn forward his asn bak…thanx

  5. ATTAH CHUKWUMA says:

    i am proud of mukesh ambani.

  6. karan rana says:

    Deeru bhai Ammbani is my idal person. i proud Mukesh Ambani. in the future i would like to make as deeru bhai Ammbani

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