1. Mukesh Ambani
$21 billion
Source: Oil & gas
Age: 55. Married, 3 children
Residence: Mumbai
Ambani is the richest Indian for the fifth straight year despite his fortune falling for the third year in a row. Still his Reliance Industries remains India’s most valuable company despite ongoing battles with federal oil ministry over KG-D6, country’s largest offshore gas field, where output has sharply declined and which has been subject of scrutiny by a federal auditor. In August, after a two-year deadlock, it got conditional approval for its drilling plans but not its much lobbied-for price increase for gas. Final approval is pending another federal audit.
$21 billion
Source: Oil & gas
Age: 55. Married, 3 children
Residence: Mumbai
Ambani is the richest Indian for the fifth straight year despite his fortune falling for the third year in a row. Still his Reliance Industries remains India’s most valuable company despite ongoing battles with federal oil ministry over KG-D6, country’s largest offshore gas field, where output has sharply declined and which has been subject of scrutiny by a federal auditor. In August, after a two-year deadlock, it got conditional approval for its drilling plans but not its much lobbied-for price increase for gas. Final approval is pending another federal audit.
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