Page 42 - The Indian EYE 102023

BUSINESS EYE OCTOBER 20, 2023 | The Indian Eye 42

TOP OF THE TOPS:

Mukesh Ambani claims No. 1

spot again in Forbes list

Reliance Industries Limited, India’s largest corporate by revenues,

profits and market value, has continued to top the Indian corporates in the 2023 edition of
‘The Global 2000’ published by Forbes

OUR BUREAU
Mumbai/New York
ukesh Ambani has reclaimed the top po-
sition on the 2023 Forbes list of India’s
M100 Richest with a net worth of $92 bil-
lion. The fortune of infrastructure magnate Gau-
tam Adani, who rose meteorically to overtake Am-
bani as India’s richest person for the first-time last
year, has slipped to the second position.
“Shortly after spinning off and listing Jio Fi-
nancial Services, which has an asset management
joint venture with BlackRock, Ambani cemented
his succession plan by appointing his three chil-
dren to Reliance’s board as non-executive direc-
tors in August,” Forbes said.
Meanwhile, the collective wealth of India’s 100
Richest was flat at $799 billion this year. Software
tycoon Shiv Nadar climbed two spots to return to
the third place with a fortune of $29.3 billion, as Reliance Industries Chairman, Mukesh Ambani and Nita Ambani, founder and chairperson of Reliance Foundation host IOC presi-
shares of HCL Technologies jumped 42 per cent
in the past year amid a tech rebound. dent Thomas Bach at their residence ahead of the 141st IOC Session to be held between Oct. 15-17, in Mumbai on Tuesday (ANI)
Matriarch Savitri Jindal, of the OP Jindal
Group, a power and steel conglomerate, was This list was compiled using shareholding and months of financial data available as of May 5,
ranked fourth with $24 billion net worth, up 46 per financial information obtained from the families 2023, to calculate the factors used for this ranking.
cent. Rounding out the top five was Radhakishan and individuals, stock exchanges, analysts and In- Reliance Industries had also ranked as India’s
Damani of Avenue Supermarts, whose fortune de- dia’s regulatory agencies. best employer and was in the top 20 worldwide in
clined to $23 billion from $27.6 billion previously. Earlier in June this year, Reliance Industries 2022. These rankings are based on a large-scale
As per the list, Shamsheer Vayalil, the medical doc- Limited, India’s largest corporate by revenues, survey, where employees rate their employers on
tor-turned-entrepreneur from Kerala, was ranked profits and market value, had continued to top numerous points.
57th with a net worth of $3.7 billion. the Indian corporates in the 2023 edition of ‘The Meanwhile, Mukesh Ambani and Nita Am-
Shamsheer’s net worth has grown 68 per cent Global 2000’ published by Forbes. bani, founder and chairperson of Reliance Foun-
this year, from $2.2 billion in 2022, making him the Reliance Industries was placed at 45 in the dation hosted International Olympic Committee
richest doctor in India. Comparative data indicates overall ranking of 2000 global corporates ahead of (IOC) president Thomas Bach at their residence
Shamsheer is also the fastest-growing non-resident well-known names like Germany’s BMW Group, Tuesday ahead of the 141st IOC Session to be held
Indian on the list. Switzerland’s Nestle, China’s Alibaba Group, between October 15-17 in Mumbai. Nita Amba-
“India is riding high and is considered a hot US’s Procter and Gamble, and Japan’s Sony. No- ni welcomed Thomas Bach in a traditional Indian
spot by global investors. That buoyancy has made tably, Reliance Industries improved its ranking in way on Tuesday evening at their residence ahead
the elite club of India’s 100 Richest even more the prestigious listing of global corporates from 53 of the 141st IOC Session.
exclusive this year, with the minimum net worth in 2022 to 45 in 2023. Football Sports Development Limited (FSDL)
to make the cutoff rising to a record $2.3 billion,” Behind Reliance, the other prominent Indian Founder Chairperson Nita Ambani and Thomas
said Naazneen Karmali, Asia Wealth Editor and names in the 2023 rankings are State Bank of India Bach on Sunday attended a Football match be-
India Editor of Forbes Asia. at 77, HDFC Bank at 128 and ICICI Bank at 163. tween Mumbai City FC and Kerala Blaster FC.
Others in the top 10 include, Cyrus Poonawal- The JPMorgan Chase of the US topped the Bach was amazed at the passionate crowd sup-
la (6th, $20.7 billion), Hinduja Family (7th, $20 ranking table. port during the match between the Islanders and the
billion), Dilip Shanghvi (8th, $19 billion), Kumar ‘The Global 2000’ ranks the largest companies Blasters, as he praised Nita Ambani and the whole
Birla (9th, $17.5 billion), and Shapoor Mistry & in the world using four metrics -- sales, profits, as- team behind the FSDL for giving this incredible
Family (10th, $16.9 billion). sets and market value. Forbes used the latest 12 shape to the top-tier football league in the country.

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