Industrialist Mukesh Ambani on Monday 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 on Monday, 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.
According to a ‘real-time’ update provided by Forbes, Shanghvi today 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. Globally, Bill Gates continues to top the list with a current networth of USD 80.3 billion, up from $79.2 billion in the annual list released on March 3.