Mukesh Ambani richest Indian, Patanjali's Balkrishna in top 50; check Forbes's full list here

Forbes’s much awaited annual list of India’s 100 richest tycoons is out. Reliance Industries Ltd (RIL) chairman Mukesh Ambani has once again bagged the pole position  with a net worth of $22.7 billion. It is noteworthy that the oil-to-retail conglomerate launched its 4G phone service, Jio, this September.

Dilip Shanghvi retained his Number 2 spot with a net worth of $16.9 billion. His wealth had gone down by $1.1 billion following a drop in the shares of his Sun Pharmaceutical Industries, the world’s fifth-largest generics maker.

The Hinduja brothers with a net worth of $15.2 billion have climbed up the rankings to bag the the third spot. The multinational conglomerate has a diversified business line businesses ranging from trucks and lubricants to banking and cable television. 

Tech Guru Aziz Premji who has mentored Wipro for the last five decades continued his stint in the top ten with a fourth spot in the coveted list.

Meanwhile top Indian business magnates Pallonji Mistry, Lakshmi Mittal, Godrej Family, Kumar Birla, Shiv Nadar and Cyrus Poonawalla rounded off the top ten list.

The minimum amount required to make the list was $1.25 billion, up from $1.1 billion in 2015. There were 13 drop-offs from the list last year, including textile figure Balkrishan Goenka and co-founders of Flipkart, Sachin Bansal and Binny Bansal.