1. Mukesh Ambani
Ladies and Gentlemen,
Presenting The Richest Man in India – Mr. Mukesh Ambani, The Chairman of Reliance Group. Mr. Mukesh Ambani, continues to be the richest Indian billionaire on the Forbes list. He has an estimated net worth of US$50 billion. In 2018, he was ranked 19 in the Forbes World’s Billionaire list. However, in 2019 his rank jumped six places to 13th spot.
Mr. Mukesh Ambani is the Chairman of the oil and gas giant Reliance Industries (RIL), which has a revenue of US$60 billion. RIL’s subsidiary Reliance Jio Infocomm Limited sparked a price war in the hyper-competitive telecom market in India, by launching 4G phone service Jio in 2016. They offer free domestic voice calls, highly affordable 4G data services, and smartphones that are virtually free in nature. This strategy has helped the company reportedly sign up 280 million customers and they are still counting.