Which Indian billionaire topped Forbes’ 2020 list of India’s richest people?

Mukesh Ambani topped Forbes’ 2020 list of India’s richest people. His fortune was primarily connected to Reliance Industries, the diversified Indian conglomerate he chairs and leads.

Reliance has major interests in energy, petrochemicals, telecommunications and retail. Its Jio telecom business became especially important to Ambani’s wealth story after attracting large investments and rapidly expanding India’s digital services market.

Forbes’ country-specific rich lists estimate personal wealth at a particular point in time. They are affected by public share prices, exchange rates, private-company valuations and ownership structures. Ambani’s position was not a claim that he owned all of Reliance Industries; it represented the estimated value of his holdings and related assets.