Ambani regains richest Indian slot from Shanghvi

New York/Mumbai, April 27

Industrialist Mukesh Ambani today regained his position as the world's richest Indian with a net worth of $19.6 billion, as pharma tycoon Dilip Shanghvi slipped to the second place after remaining on the top for about seven weeks.

Shangvi-led generic drug maker Sun Pharma saw its share price dip by over 2% in a weak market today, but loss was much lower at 0.55% for Ambani-led business conglomerate Reliance Industries Ltd (RIL).

As a result, Shanghvi saw his networth dip by over $450 million — the third biggest loss among the world's billionaires ranked by business magazine Forbes in its annual rich list.

On the global list, Ambani was today ranked 46th, while Shanghvi was 48th — the only two Indians among the top 50. PTI