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Patanjali's Balkrishna enters Forbes rich list with $2.5bn, Sep 23 2016 : AGENCIES

Yoga guru Ramdev's close associate Acharya Balkrishna has entered the annual Forbes list of Indi a's 100 Richest People at the 48th position with a net worth of $2.5 billion, owing to his 97% holding in Pa tanjali Ayurved. However, new-age retailer Flipkart's co-founders Sachin and Binny Bansal made a surprise exit from the list.

The Forbes list on Thursday named industrialist Mukesh Ambani as India's richest person for the ninth year in a row with a sharp increase in his net worth to $22.7 billion, while Sun Pharma's Dilip Shanghvi was ranked a distant second with a wealth of $16.9 billion. Mukesh's younger brother Anil Ambani was ranked 32nd with a net worth of $3.4 billion, down from 29th spot last year.

This year, the minimum amount required to make to the Forbes list was $1.25 billion, up from $1.1 billion in 2015. Forbes said the list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and regulators. Forbes said the combined net worth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10% from $345 billion in 2015.

Balkrishna is among the six newcomers on the list, while 13 persons have failed to make the cut this year.Flipkart's Bansals were ranked 86th last year with a net worth of $1.3 billion. Mukesh Ambani's wealth rose in the past one year from $18.9 billion to $22.7 billion (over Rs 1.5 lakh crore) on 21% surge in share price of Reliance Industries, the flagship company of his group, which recently launched 4G mobile services with much fanfare. He was ranked 36th in the global rich list.

Shanghvi retained his second position, though his wealth fell by $1.1 billion due to plunge in share price of his group firm Sun Pharma, the world's fifth largest generic drug maker, Forbes said. The Hinduja brothers rose to the third spot by displacing Premji and saw their worth rising to $15.2 billion, from $14.8 a year ago.

“The four siblings -Srichand, Gopichand, Prakash, and Ashok -control multinational empire Hinduja Group, with businesses ranging from trucks and lubricants to banking and cable television. The group commissioned its much-delayed 1,040-MW thermal power unit in south India in July ,“ the magazine said. The list below has been adapted from Forbes India

The top 100

Rank	Name	Net Worth (In $ Billion)	Age
1	Mukesh Ambani	22.7	59
2	Dilip Shanghvi	16.9	60
3	Hinduja brothers	15.2	NA
4	Azim Premji	15	71
5	Pallonji Mistry	13.9	87
6	Lakshmi Mittal	12.5	66
7	Godrej family	12.4	NA
8	Shiv Nadar	11.4	71
9	Kumar Birla	8.8	49
10	Cyrus Poonawalla	8.6	75
11	Uday Kotak	8.3	57
12	Sunil Mittal	6.6	59
13	Gautam Adani	6.3	54
14	Benu Gopal Bangur	5.9	85
15	Anand Burman	5.85	64
16	Shashi & Ravi Ruia	5.8	72 (Shashi), 67 (Ravi)
17	Bajaj family	5.7	NA
18	Subhash Chandra	5.6	65
19	Savitri Jindal	5.3	66
20	Desh Bandhu Gupta	5.1	78
21	Vikram Lal	5	74
22	Kushal Pal Singh	4.8	85
23	Pankaj Patel	4.5	63
24	Micky Jagtiani	4.4	65
25	M.A. Yusuff Ali	4	60
26	Madhukar Parekh	3.9	70
27	Sudhir & Samir Mehta	3.85	62 (Sudhir), 53 (Samir)
28	Kuldip & Gurbachan Singh Dhingra	3.7	69 (Kuldip), 66 Gurbachan
29	Pawan Munjal	3.65	62
30	Harsh Mariwala	3.64	65
31	Vivek Chaand Sehgal	3.6	59
32	Anil Ambani	3.4	57
33	Kapil & Rahul Bhatia	3.35	84 (Kapil), 56 (Rahul)
34	Ashwin Dani	3.3	73
35	Ajay Piramal	3.25	61
36	Jain family	3.2	NA
37	P.V. Ramprasad Reddy	3.15	58
38	Ravi Pillai	3.1	63
39	Vijay Chauhan	3	80
40	Kalanithi Maran	2.9	51
41	Murali Divi	2.8	65
42	Samprada Singh	2.7	90
43	Ashwin Choksi	2.65	73
44	Yusuf Hamied	2.6	80
45	Rajan Raheja	2.55	62
46	Vinod & Anil Rai Gupta	2.52	71 (Vinod), 47 (Anil)
47	B.R. Shetty	2.51	74
48	Acharya Balkrishna	2.5	44
49	Abhay Vakil	2.45	65
50	Chandru Raheja	2.4	76
51	Baba Kalyani	2.25	67
52	Karsanbhai Patel	2.24	72
53	Rakesh Jhunjhunwala	2.2	56
54	Reddy family	2.15	NA
55	Amalgamations Group family	2.1	NA
56	Mangal Prabhat Lodha	2.05	60
57	Sunil Vaswani	2	53
58	Rajendra Agarwal	1.95	NA
59	M.G. George Muthoot	1.92	66
60	Sunny Varkey	1.9	59
61	Rajesh Mehta	1.88	52
62	N.R. Narayana Murthy	1.87	70
63	Anil Agarwal	1.86	63
64	Mannalal Agrawal	1.85	69
65	Kiran Mazumdar-Shaw	1.83	63
66	Hasmukh Chudgar	1.8	83
67	Mofatraj Munot	1.79	71
68	Lachhman Das Mittal	1.78	85
69	Glenn Saldanha	1.77	45
70	Abhay Firodia	1.76	71
71	Nirav Modi	1.74	45
72	Ramesh Juneja	1.72	63
73	Murugappa family	1.7	NA
74	Ranjan Pai	1.69	43
75	Harsh Goenka	1.67	58
76	Jitendra Virwani	1.66	50
77	Salil Singhal	1.65	69
78	P.N.C. Menon	1.64	67
79	Leena Tewari	1.63	59
80	Nandan Nilekani	1.62	61
81	S. Gopalakrishnan	1.61	61
82	Satish Mehta	1.6	65
83	Ravi Jaipuria	1.57	61
84	Radhe Shyam Agarwal	1.56	71
84	Radhe Shyam Goenka	1.56	70
86	Sameer Gehlaut	1.55	42
87	Devendra Jain	1.54	87
88	Jai Hari and Yadu Hari Dalmia	1.5	71(Jai Hari), 69(Yadu Hari)
89	Vikas Oberoi	1.45	46
90	Anand Mahindra	1.42	61
91	Sanjiv Goenka	1.4	55
92	Malvinder & Shivinder Singh	1.38	43 (Malvinder), 41 (Shivinder)
93	Sunder Genomal	1.35	62
94	Ajay Kalsi	1.31	55
95	Bhavin & Divyank Turakhia	1.3	36 (Bhavin), 34 (Divyank)
96	Dilip & Anand Surana	1.29	50 (Dilip), 45 (Anand)
97	Azad Moopen	1.28	63
98	Shamsheer Vayalil	1.27	39
99	Rajju Shroff	1.26	83
100	Shyam & Hari Bhartia	1.25	63 (Shyam), 59 (Hari)

Rich List: India, 2016: Forbes

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