"Indian e-commerce has added its first billionaires with Flipkart's founders (Bansals) making debut on our rich list at number 86, with USD 1.3 billion net worth each," the magazine said in a statement here.

Though Reliance Industries Ltd (RIL) chairman Mukesh Ambani tops the rich list for the ninth consecutive year, his net worth, however, declined USD 4.7 billion to USD 18.9 billion (Rs.127,700 crore) from 2014 owing to lower oil prices that hit his oil and petrochemicals giant.

Sun Pharmaceutical's Dilip Shanghvi also retained the second spot, with USD 18 billion net worth, acquisition of drug major Ranbaxy Industries for $4 billion by his company notwithstanding.IT czar and Wipro chairman Azim Premji also retained the third spot in the list, with a net worth of USD 15.9 billion though USD 500 million less than in 2014.

"The generous billionaire has pledged 18 percent of his stake in Wipro to his charitable trust, in addition to a 21 percent stake already given," the statement noted.

"The combined wealth of India's 100 richest remains largely unchanged at USD 345 billion, as compared to USD 346 billion in 2014," it added.Similarly, wealth of 10 tycoons slumped by USD 1 billion over the year owing to global and domestic factors, including a volatile stock market and currency fluctuations.

Fortune of steel magnate LN Mittal (65) declined by USD 4.6 billion to USD 11.2 billion and his ranking in the rich list slipped to eight from five year ago, as his and world's largest steel major ArcelorMittal was hit by imports from China.

"India is facing a reality check in 2015 after the euphoria in 2014. Though it has impacted several big fortunes in the top 100, the country's entrepreneurial spirit remains buoyant, as evident from a dozen new faces on the list," said Forbes Asia's India editor Naazneen Karmali.

"This year's list reflects the churn in the global economy and the growing clout of emerging sectors like ecommerce in India," Forbes India editor Sourav Majumdar added.

 

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