Flipkart Co-Founders In Forbes India Rich List

The co-founders of Flipkart, Binny Bansal and Sachin Bansal are the latest names on the Forbes India Rich rooster that was released on Wednesday. These new billionaires, who made a splash in the e-commerce industry, have an individual net worth of about $1.3 billion each. Forbes India lauded the fact that the e-commerce segment has added a new couple billionaire who currently stand at position 86 on the list.

Flipkart Co-Founders Make It To Forbes India Rich ListRevealing the top ranks

The top spot has not seen any shift with Mukesh Ambani of Reliance Industries Limited retaining the position with a net worth of $18.9 billion. Ambani has been topping the Forbes India list for the last eight years but this year saw his net worth drop by about $4.7 billion owing to plummeting oil prices that adversely affected the company.

The second rank is occupied by Dilip Sanghvi of Sun Pharmaceuticals, who has a net worth of $18 billion. Third in line is Azim Premji, who is the chairman of IT major Wipro. He has a net worth of $15.9 billion. His figures fell by $500 million compared to last year, given that he pledging 18 per cent of his stake to a trust.

The Women’s Club

Noticeably, only a couple of women have made it to the top 100 list for billionaires in India. First up is USV Limited chairman Leena Tiwari with a net worth of $1.9 billion and Bennett, Coleman And Co Limited’s chairperson Indu Jain with a net worth of $1.85 billion.

Forbes India editor Sourav Majumdar says, “This year’s list reflects the churn in the global economy and the growing clout of emerging sectors like e-commerce in India.”… Read the rest

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