Forbes India list...Mukesh remains No.1; Anil out of Top 10

India's rich and famous have seen their wealth erode in 2011 due to a weak stock market, series of corruption cases and policy impasse at the Centre, according to the latest Forbes India rankings.

The combined wealth of India’s richest 100 fell to US$241bn in 2011, from US$300bn in 2010, according to Forbes India Rich list. Reliance Industries Ltd's (RIL) Chairman Mukesh Ambani retains his No. 1 position, but his net worth has fallen to US$22.6bn, down US$4.4bn compared to last year.



On the other hand, Anil Ambani has seen his wealth erode by over half, dropping to US$5.9bn this year, from last year’s US$13.3bn. In fact, he is out of the Top 10 list of India's wealthiest people for the first time. His rank this year is No. 13 against last year’s No. 6.

K.P. Singh, promoter of India’s largest real estate firm DLF, has seen his position slip to No. 12 from last year’s No. 8. His net worth fell to US$6.5bn from last year’s US$9.2bn.

Azim Premji, chairman of Wipro, is ranked third with a net worth of US$13bn while the Ruia brothers (Shashi and Ravi of Essar Group) are ranked fourth with a combined worth of US$10.2bn.

Savitri Jindal, chairperson of the Jindal group of companies retains her position as India's richest woman, at No. 5 with a net worth of US$9.5bn.

Sunil Mittal of Bharti Enterprises has moved up to No. 6 from last year’s No. 9, with his net worth rising to US$8.8bn from US$8.6bn last year.

Kumar Mangalam Birla, Adi Godrej of the Godrej Group and Pallonji Mistry are also in the top ten.