Mukesh Ambani remains richest Indian, but net worth drops by $4.7bn

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Mukesh Ambani remains the richest Indian for the ninth consecutive year with $18.9 billion, but his net worth has gone down by $4.7 billion, according to the latest Forbes’ list.

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Last year, Mukesh Ambani’s net worth was $23.6 billion.

Despite the drop of $4.7 billion in his net worth, he still retains the top spot in the list.

Lower oil prices in international market took a toll on his oil and petrochemical company, Reliance Industries, which resulted in declining revenues.

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