Mukesh Ambani India's richest person: Forbes

Posted on:02 Mar 2016 11:58:28
Mukesh Ambani India's richest person: Forbes
02 March 2016 Current Affairs: Reliance Industries chairman Mukesh Ambani has retained his position as India's richest person, leading a pack of 84 Indian billionaires in 2016, according to Forbes' annual ranking of billionaires. Microsoft co-founder Bill Gates continued his reign as the world's richest person with a net worth of $75 billion.Forbes said Mr Ambani retained his position as India's richest person despite shares of his oil and gas giant Reliance Industries taking a hit due to lower oil prices.He was ranked 36th on the list with a net worth of $20.6 billion (around Rs 1.4 lakh crore at $1 = Rs 67.86), the magazine said, adding, "The $62.2 billion (revenues) firm is likely to resume buying crude oil from Iran after the lifting of sanctions."

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