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Mukesh Ambani regains richest Indian slot from Dilip Shanghvi

Last updated on: April 27, 2015 18:12 IST

Reliance Industries chairman Mukesh Ambani is ranked as the richest Indian for eighth consecutive year, although his ranking has come down sharply from among top-ten positions globally earlier.

Image: With a networth of $19.6 billion, RIL chairman Mukesh Ambani has regained his position as the world's richest Indian. Photograph courtesy: Reliance/Facebook

Industrialist Mukesh Ambani has regained his position as the world's richest Indian with a networth of $19.6 billion, as pharma tycoon Dilip Shanghvi slipped to the second place after remaining on the top for about seven weeks.

Shangvi-led generic drug maker Sun Pharma saw its share price dip by over two per cent in a weak market today, but loss was much lower at 0.55 per cent for Ambani-led business conglomerate Reliance Industries Ltd (RIL).

As a result, Shanghvi saw his networth dip by over $ 450 million -- the third biggest loss among the world's billionaires ranked by business magazine Forbes in its annual rich list.

Image: Sun Pharma chief Dilip Shanghvi. Photograph courtesy: Creative Commons

According to a 'real-time' update provided by Forbes, Shanghvi has slipped to the second position with a networth of $19.3 billion among the richest Indian billionaires, while Ambani returned to the top.

On the global list, Ambani was today ranked 46th, while Shanghvi was 48th -- the only two Indians among the top-50. In the annual list released on March 2,

Forbes had ranked Ambani at 39th -- highest among Indians -- while Shanghvi was at 44th place.

However, Shanghvi overtook Ambani as the richest Indian within two days on March 4 with a sharp rally in the valuation of Sun Pharma.

Image: Wipro chairman Azim Premji is also on the world's rich list. Photograph: PTI

Globally, Bill Gates continues to top the list with a current networth of $80.3 billion, up from $79.2 billion in the annual list released on March 3.

As per today's real-time update, Ambani and Shanghvi are followed by Azim Premji.

Image: Steel baron and Arcelor Mittal chief Lakshmi Mittal features on the global list of ten richest Indians. Photograph: Francois Lenoir/Reuters

Lakshmi Mittal, Shiv Nadar, Kumar Mangalam Birla, Uday Kotak, Sunil Mittal, Cyrus Poonawala and Gautam Adani among the ten-richest Indians.

The Annual Rich List had put Ambani's wealth at $21 billion, based on share prices and exchange rates as on February 13.

Image: Aditya Birla Group chairman Kumar Mangalam Birla is one of the top ten rich Indians. Photograph: Reuters

Ambani was ranked as the richest Indian for eighth consecutive year, although his ranking has come down sharply from among top-ten positions globally earlier.