Dr.Thumbay Moideen is ranked 59th in Barclays Hurun India Rich List -2018

Mangalore Today News Network

Founder President of Thumbay Group, Dr. Thumbay Moideen’s has been ranked top among world leaders in the prestigious ‘Barclays Hurun India Rich List 2018’. He has been ranked 59 in the list which features 755 ranks in total. Dr.Thumbay Moideen’s wealth has been assessed as amounting to approx. USD 2 billion.

The Hurun Report India and Barclays today unveiled the 2018 edition of ‘Barclays Hurun India Rich List 2018’ - a compilation of the richest individuals in India having a net worth of INR 1,000 crore or more. The number of individuals featured in the 2018 edition has increased by a third to 831 from 617 in 2017. Mukesh Ambani, Chairman, Reliance Group of Companies topped the List for the seventh consecutive year with total net worth of INR 371,000 crore. The List was compiled on the basis of net worth of living Indians as on 31st July, 2018 when the rate of exchange to the US Dollar stood at INR 68.51. The list relates to Indians only, defined as born or brought up in India.

According to the list, Dr. Thumbay Moideen is the 7th richest among UAE-based Indians, out of the 21 UAE-based NRIs who have made it to the list.

Hurun Report India serves as India’s definitive voice celebrating wealth creation, innovation and growth. Last year, Hurun further expanded its repertoire by releasing the Hurun Global Rich List 2017, a ranking of the 2,694 US dollar billionaires, so-called ‘Nine-Zero Club’, currently in the world and the seventh India Rich List which ranks the 831 richest individuals in India, allowing for comparisons between some of the most dynamic economies in the world. The purpose of this list is to try and tell the story of modern India through the eyes of an entrepreneur.