<p>According to the 2011 Forbes India Rich List, the combined wealth of India's 100 per cent richest people is down 20 per cent from a year ago to US$ 241 billion.<br /><br />This year's list also has 57 billionaires in all, a dozen less than last year.<br />Mukesh Ambani holds the top spot for the fourth year in a row, with a net worth of US$22.6 billion this year despite seeing a drop of US$ 4.4 billion.<br /><br />Steel tycoon Lakshmi Mittal remains at number two with a net worth of US$ 19.2 billion, down 26 per cent from last year.<br /><br />Third richest is Azim Premji, head of IT outsourcer Wipro, whose net worth of US$ 13 billion is lower by 26 per cent from US$ 17.6 billion last year.<br /><br />The biggest dollar loser was Mukesh's younger brother, Anil Ambani, down US$ 7.4 billion; he slipped out of the top 10 for the first time since his 2004 debut to No.13 this year.<br /><br />His net worth is estimated at US $5.9 billion, down from $13.3 billion last year.<br />Naazneen Karmali, India Editor of Forbes Asia and Mumbai bureau manager of Forbes magazine, said: "This has been a turbulent year for India's richest.<br /><br />Despite the economy growing at close to 8 percent, a spate of corruption scandals and rising inflation have taken their toll.<br /><br />"There are 14 new faces on the list this year. The richest debutante is Ajay Kalsi, coming in at No.38 with a net worth of US$1. 39 billion.<br /><br />He is the founder and CEO of London-listed oil and gas outfit, Indus Gas, in which he has more than two-thirds stake.<br /><br />Father-son duo Kapil and Rahul Bhatia of travel group, InterGlobe Enterprises, make their debut at No.51, with a net worth of $1.9 billion after their budget carrier, IndiGo, became India's third largest and most profitable airline.<br /><br />Making it to the list for the first time is also V.G Siddhartha, who is ranked 84th on the list, with a net worth of $595 million. He founded and runs Café Coffee Day, India's answer to Starbucks.<br /><br />Among the 15 who dropped out of the top 100 altogether are Vinod Goenka and Shahid Balwa, former billionaires now in jail for their alleged involvement in a telecom corruption scandal; both deny wrongdoing.</p>
<p>According to the 2011 Forbes India Rich List, the combined wealth of India's 100 per cent richest people is down 20 per cent from a year ago to US$ 241 billion.<br /><br />This year's list also has 57 billionaires in all, a dozen less than last year.<br />Mukesh Ambani holds the top spot for the fourth year in a row, with a net worth of US$22.6 billion this year despite seeing a drop of US$ 4.4 billion.<br /><br />Steel tycoon Lakshmi Mittal remains at number two with a net worth of US$ 19.2 billion, down 26 per cent from last year.<br /><br />Third richest is Azim Premji, head of IT outsourcer Wipro, whose net worth of US$ 13 billion is lower by 26 per cent from US$ 17.6 billion last year.<br /><br />The biggest dollar loser was Mukesh's younger brother, Anil Ambani, down US$ 7.4 billion; he slipped out of the top 10 for the first time since his 2004 debut to No.13 this year.<br /><br />His net worth is estimated at US $5.9 billion, down from $13.3 billion last year.<br />Naazneen Karmali, India Editor of Forbes Asia and Mumbai bureau manager of Forbes magazine, said: "This has been a turbulent year for India's richest.<br /><br />Despite the economy growing at close to 8 percent, a spate of corruption scandals and rising inflation have taken their toll.<br /><br />"There are 14 new faces on the list this year. The richest debutante is Ajay Kalsi, coming in at No.38 with a net worth of US$1. 39 billion.<br /><br />He is the founder and CEO of London-listed oil and gas outfit, Indus Gas, in which he has more than two-thirds stake.<br /><br />Father-son duo Kapil and Rahul Bhatia of travel group, InterGlobe Enterprises, make their debut at No.51, with a net worth of $1.9 billion after their budget carrier, IndiGo, became India's third largest and most profitable airline.<br /><br />Making it to the list for the first time is also V.G Siddhartha, who is ranked 84th on the list, with a net worth of $595 million. He founded and runs Café Coffee Day, India's answer to Starbucks.<br /><br />Among the 15 who dropped out of the top 100 altogether are Vinod Goenka and Shahid Balwa, former billionaires now in jail for their alleged involvement in a telecom corruption scandal; both deny wrongdoing.</p>
