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Flipkart co-founders Bansals new billionaires: Forbes India

Wed, Sep 23, 2015, 10:56 PM
Mumbai, Sep 23: India's leading e-retailer Flipkart's co-
founders Sachin Bansal and Binny Bansal are the latest
billionaires in the country, with $1.3 billion (Rs.8,582-
crore) net worth each, according to leading business
magazine Forbes India' rich list released on Wednesday.

"Indian e-commerce has added its first billionaires with
Flipkart's founders (Bansals) making debut on our rich list
at number 86, with $1.3 billion net worth each," the
magazine said in a statement here.

Though Reliance Industries Ltd (RIL) chairman Mukesh Ambani
tops the rich list for the ninth consecutive year, his net
worth, however, declined $4.7 billion to $18.9 billion
(Rs.127,700 crore) from 2014 owing to lower oil prices that
hit his oil and petrochemicals giant.

Sun Pharmaceutical's Dilip Shanghvi also retained the
second spot, with $18 billion net worth, acquisition of
drug major Ranbaxy Industries for $4 billion by his company
notwithstanding.

IT czar and Wipro chairman Azim Premji also retained the
third spot in the list, with a net worth of $15.9 billion
though $500 million less than in 2014.

"The generous billionaire has pledged 18 percent of his
stake in Wipro to his charitable trust, in addition to a 21
percent stake already given," the statement noted.

"The combined wealth of India's 100 richest remains largely
unchanged at $345 billion, as compared to $346 billion in
2014," it added.
Agency: IANS
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