Mukesh Ambani dethroned; Dilip Shanghvi became the richest man in India

Dilip Shanghvi. Photo: wlivenews

The Sun Pharma owner, Dilip Shanghvi has become the richest Indian as per the BSE trading on Thursday.

It was for the first time that the 59-year-old Dilip Shanghvi has overtaken Mukesh Ambani’s total wealth, after comparing the holdings in Reliance Industries Ltd and Sun Pharma’s in BSE.

Although Bloomberg’s Billionaire list earlier pronounced RIL boss as the richest Indian with a net worth of $21.9 billion and Sanghvi a second richest with $19.7 billion, it seems the list would be updated soon.

Mukesh Ambani. Photo: Deccanchronicle

At the end of Thursday’s trading on BSE, Shanghvi now has worth about Rs 1.46 lakh crore ($23.42 billion), powered by his 63% holding in three group companies — Sun Pharma, Sun Pharma Advanced Research and Ranbaxy Labs. Interestingly, this wealth index has excluded 23% stake in Suzlon which would give Shanghvi a total wealth of about Rs 1.48 lakh crore ($23.7 billion).

Ambani who holds 45% stake in two group companies — RIL and Reliance Industrial Infrastructure has net worth of Rs 1.32 lakh crore ($21.2 billion).

Sun Pharma, Dilip Shanghvi, richest man in India, richest Indian, Mukesh Ambani, Reliance Industries

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