Mukesh Ambani is worth more than half of India’s states

business

Updated: Oct 21, 2016 17:46 IST

Industrialist Mukesh Ambani, who has been named India’s richest person for the ninth year in a row by Forbes, with a sharp increase in net worth to $23.1 billion, has a fortune that is more than the Gross State Domestic Product (GSDP) of many Indian states.

Ambani outranks 14 Indian states and union territories as far as their annual GDP is concerned. These include Himachal Pradesh, Uttarakhand and Chandigarh.

India’s second richest man, pharma magnate Dilip Shanghvi, is not far behind. With a real time net worth of $15.8 billion, he is ahead of the annual GDP of 13 states such as Goa, Arunachal Pradesh and many others.

Wipro’s Azim Premji, the third richest Indian on the Forbes list, whose net worth is $15.4 billion, is also ahead of 13 states.

The other seven Indian on the Forbes 10 richest list include Shiv Nadar, Cyrus Poonawalla, Lakshmi Mittal, Uday Kotak, Kumar Mangalam Birla, Sunil Mittal and Desh Bandhu Gupta.

With their net worth between $13.3 billion to $4.9 billion these billionaires are ahead of at least 10 Indian states.