Mukesh Ambani's $108 bn net worth places him on top of Forbes 2024 rich list as India's collective wealth surpasses $1 tn

Mukesh Ambani, chairman of Reliance Industries, leads the 2024 Forbes list of India's richest, with a net worth of $119.5 billion. The combined wealth of India's top 100 tycoons has surged to over $1.1 trillion, marking a 40% increase from last year. The wealth growth is attributed to a booming stock market, with over 80% of individuals on the list becoming wealthier, driven by strong investor interest in IPOs and mutual funds.