India's Richest Getting Poorer

According to the Forbes list, India's richest are getting poorer because of falling share prices, the economic slowdown and corruption scandals. According to the list the combined wealth of India's richest 100 people fell to $241 billion in 2011, which includes 57 dollar billionaires, a dozen less than a year earlier.

Here is the list of Indian billionaires who are getting poorer

Mukesh Ambani
Mukesh Ambani, head of Reliance Industries, retained the top spot with a value of $22.6 billion, after a $4 billion drop in his net value. In the same period, Ambani completed construction of a 27-storey house in Mumbai, costing an estimated $1 billion. In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most".

Lakshmi Mittal
Lakshmi Mittal, one of the richest men in India, Asia and the UK, and second in Europe. He also presently serves as a board council member of the Prime Minister of India's Global Advisory Council of Overseas Indians. The steel tyccon, who made it to the top spot on Britain's rich list earlier this year, lost nearly $7 billion of his net worth this year. He came second in the list with a net worth of $19.2 billion.

Azim Premji
Azim Premji, Chairman of Wipro, ranked third with a net worth of $13 billion. According to Forbes, he is currently the third wealthiest Indian, and 36th richest in the world, with a personal wealth of $16.8 billion in 2011. In 2000, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011.The Wipro head, who gave away a massive $2 billion to charity, last December, saw his net worth decline from $17.6 billion.

Savitri Jindal
Savitri Jindal, India's only woman billionaire, head of Jindal Steel, is securing the fifth position in the list. She is also a member of Haryana Vidhan Sabha and MLA. In 2011, Savitri Jindal is listed by Forbes as the world's 56th and India's 5th richest woman having net worth of $13.2 Billion, as well as for having more children than any other billionaire mother. But her fortune declined to $9.5 billion from $14.4 billion. Jindal was one of only five women on the list of one hundred.

Anil Ambani
Anil Ambani can be called as the biggest loser. Anil is now worth $5.9 billion, down from $13.3 billion last year. His Reliance Group companies have been some of the worst performers on the Mumbai bourse this year. A major drag for Ambani has been telecom firm Reliance Communications, which has $7.5 billion in debt and has so far failed in efforts to ease debt and raise money.

Shashi and Ravi Ruia
The brothers jointly own and manage the Essar Group. Ravi Ruia is also a recipient of the Business India Businessman of the Year Award 2010. Together these men are the 4th richest businessmen in India, and the 40th richest in the world according to Forbes, the renowned billionaires list creators, with a net worth of $15 billion in May 2010. But they saw a nearly $5 billion drop in their net worth and now they are estimated to be worth $10.2 billion