Mukesh Ambani Richest Indian On Forbes Billionaires List 2020

Forbes released its annual world's billionaires list this week. Among the 2,095 billionaires on the list, Indian tycoon Mukesh Ambani ranks 21st globally with a net worth of $44.3 billion. The Chairman of Reliance Industries Limited topped the annual ranking from India's perspective in the previous year as well.

Amazon Inc's CEO Jeff Bezos maintains the top spot globally for another year despite a plunge of $18 billion in his wealth. With a net worth of $113 billion, he is the richest person in the world on Forbes Billionaires List 2020, followed by Microsoft founder Bill Gates with a fortune of $98 billion and LVMH's Bernard Arnault at $76 billion.

Among Indians, the second on the rich list was DMart's Radhakishan Damani & Family with their wealth at $13.8 billion and 78th in the global ranking.

In 2020, the total number of billionaires were 2,095, down from 2,153 in the previous year. "The total combined net worth of this year's billionaires is $8 trillion, down from $8.7 trillion in 2020. 267 people dropped off this year's list and a record 1,062 individuals have seen a drop in their fortunes, both reflective of the turbulent markets and the coronavirus pandemic," Forbes said.