Turakhia brothers, Patanjali’s Balkrishna enter Forbes rich list; Flipkart founders exit


Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped the Forbes India rich list for the ninth year in a row, with a fortune of $22.7 billion, beating Sun Pharmaceutical promoter Dilip Shanghvi, the UK-based Hinduja brothers and Wipro’s Azim Premji by a long mile.

The list has at least six people, including the Turakhia brothers of Media.net and Acharya Balkrishna of Patanjali Ayurved, who have made their debuts this year. Balkrishna, a close associate of yoga guru Baba Ramdev, had also entered the Hurun India Rich List earlier this month.

The Turakhia brothers, Divyank and Bhavin, entered the Forbes list after selling Media.net to Chinese investors for $900 million last month.

As many as 13 wealthy individuals, including Flipkart founders Binny and Sachin Bansal and Videocon’s Venugopal Dhoot, no longer find themselves among the 100 richest Indians in the Forbes list.

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As many as eight rich Indians, including Biocon’s Kiran Mazumdar-Shaw and Nirma’s Karsanbhai Patel, have staged a comeback in the list that is published every year.

Source: VcCircle & Forbes [This article was first published on VcCircle]