Business News

Mukesh Ambani’s net worth rose 67% in 2017 despite economic slowdown: Forbes

Wipro chairperson Azim Premji has jumped two places from 2016 to the second spot on the 2017 list of India’s 100 richest tycoons.

Reliance Industries chairperson Mukesh Ambani has topped Forbes Magazine’s annual list of India’s 100 richest tycoons for 2017. Ambani has a net worth of $38 billion (Rs 2,46,991 crore), the magazine said, up from $22 billion (Rs 1,43,000 crore) in 2016.

This comes at a time when India’s Gross Domestic Product growth dropped drastically, signalling an economic slowdown in the country. During the April-June quarter, the GDP growth fell to 5.7%.

“Despite India’s economic slowdown, the country’s 100 richest have collectively enjoyed a bumper year thanks to a buoyant stock market,” Forbes Asia’s India Editor Naazneen Karmali said. Forbes attributed the growth in Ambani’s net worth to the company’s telecom unit, Reliance Jio, notching up 13 crore subscribers since its 2016 launch.

Wipro chairperson Azim Premji has jumped two places from 2016 to the second spot in the 2017 list, with his net worth rising by $4 billion (Rs 25,999 crore) to reach $19 billion (Rs 1,23,500 crore) in 2017. Third on the list are the Hinduja brothers with a net worth of $18.4 billion (Rs 1,19,651 crore) in 2017. “While the Indian billionaire factory continued to churn out new names from diverse sectors, the price of entry rose to a record high.” Karmali said. “The top 100 club is getting more exclusive with each passing year.”

We welcome your comments at letters@scroll.in.
Sponsored Content BY 

Children's Day is not for children alone

It’s also a time for adults to revisit their childhood.

Most adults look at childhood wistfully, as a time when the biggest worry was a scraped knee, every adult was a source of chocolate and every fight lasted only till the next playtime. Since time immemorial, children seem to have nailed the art of being joyful, and adults can learn a thing or two about stress-free living from them. Now it’s that time of the year again when children are celebrated for...simply being children, and let it serve as a timely reminder for adults to board that imaginary time machine and revisit their childhood. If you’re unable to unbuckle yourself from your adult seat, here is some inspiration.

Start small, by doodling at the back page of your to-do diary as a throwback to that ancient school tradition. If you’re more confident, you could even start your own comic strip featuring people in your lives. You can caricaturise them or attribute them animal personalities for the sake of humour. Stuck in a boring meeting? Draw your boss with mouse ears or your coffee with radioactive powers. Just make sure you give your colleagues aliases.

Pull a prank, those not resulting in revenue losses of course. Prank calls, creeping up behind someone…pull them out from your memory and watch as everyone has a good laugh. Dress up a little quirky for work. It’s time you tried those colourful ties, or tastefully mismatched socks. Dress as your favourite cartoon characters someday – it’s as easy as choosing a ponytail-style, drawing a scar on your forehead or converting a bath towel into a cape. Even dinner can be full of childish fun. No, you don’t have to eat spinach if you don’t like it. Use the available cutlery and bust out your favourite tunes. Spoons and forks are good enough for any beat and for the rest, count on your voice to belt out any pitch. Better yet, stream the classic cartoons of your childhood instead of binge watching drama or news; they seem even funnier as an adult. If you prefer reading before bedtime, do a reread of your favourite childhood book(s). You’ll be surprised by their timeless wisdom.

A regular day has scope for childhood indulgences in every nook and cranny. While walking down a lane, challenge your friend to a non-stop game of hopscotch till the end of the tiled footpath. If you’re of a petite frame, insist on a ride in the trolley as you about picking items in the supermarket. Challenge your fellow gym goers and trainers to a hula hoop routine, and beat ‘em to it!

Children have an incredible ability to be completely immersed in the moment during play, and acting like one benefits adults too. Just count the moments of precious laughter you will have added to your day in the process. So, take time to indulge yourself and celebrate life with child-like abandon, as the video below shows.

Play

This article was produced by the Scroll marketing team on behalf of SBI Life and not by the Scroll editorial team.