In the annual list released on March 2, Forbes had ranked Ambani as the richest Indian for the eighth consecutive year. In the global list, Ambani with a net worth of $21 billion was ranked 39th while Shanghvi was at the 44th place with $20 billion, based on share prices and exchange rates as on February 13.
However, Shanghvi overtook Ambani as the richest Indian after two days on March 4 with a sharp rally in the valuation of Sun Pharma. Globally, Microsoft co-founder Bill Gates continues to top the list with a current net worth of $80.3 billion, up from $79.2 billion in the annual list with Carlos Slim Helu and Warren Buffett retaining their second and third ranking, respectively. According to Monday's real-time update, Ambani (47) and Shanghvi (48) are followed by Azim Premji (60), Lakshmi Mittal (85), Shiv Nadar (94), Kumar Mangalam Birla (169), Uday Kotak (200), Sunil Mittal (204), Cyrus Poonawala (220) and Gautam Adani (238) among the top 10 richest Indians.