New Delhi: Reliance Industries Chairman Mukesh Ambani is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to Forbes magazine's annual billionaires list published Tuesday.


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Ambani moved up to the 19th global rank on the list of 2,208 billionaires worldwide compiled by Forbes. In 2017, he ranked 33rd with $23.2 billion.


India has 121 billionaires -- 19 more than last year -- making them the third largest group of the ultra-rich after those from the US and China, according to Forbes, the business magazine that produces an annual list.


Software entrepreneur Azim Premji moves to the second richest Indian spot in 2018, passing Lakshmi Mittal, the international steel tycoon, according to the magazine.


Paytm founder Vijay Shekhar Sharma, who ranks 1,394th globally with $1.7 billion, is the youngest Indian on the Forbes list.


Check out Forbes top 10 Indian billionaires in 2018



1. Mukesh Ambani


Company/Business:  Petrochemicals, oil & gas


Net Worth: $40.1 billion


Global Ranking: 19



2. Azim Premji


Company/Business:  Software services


Net Worth: $18.8 billion


Global Ranking: 58



3. Lakshmi Mittal


Company/Business:  Steel


Net Worth: $18.5 billion


Global Ranking: 62



4. Shiv Nadar


Company/Business:  Software services


Net Worth: $14.6 billion


Global Ranking: 98



5. Dilip Shanghvi


Company/Business:  Pharmaceuticals


Net Worth: $12.8 billion


Global Ranking: 115
    


6. Kumar Mangalam Birla


Company/Business:  Commodities


Net Worth: $11.8 billion


Global Ranking: 127



7. Uday Kotak


Company/Business: Banking


Net Worth: $10.7 billion


Global Ranking: 143



8. Radhakishan Damani


Company/Business: Investments, retail


Net Worth: $10 billion


Global Ranking: 151



9. Gautam Adani


Company/Business:  Commodities, ports


Net Worth: $9.7 billion


Global Ranking: 154



10. Cyrus Poonawalla


Company/Business:  Vaccines


Net Worth: $9.1 billion


Global Ranking: 170