Now-a-days owning a sports club has become a the new symbol of status for country’s uber rich. According to Forbes, India’s wealthiest man, Reliance Industries chief, Mukesh Ambani leads the in this list too with his IPL team ‘Mumbai Indians‘ being worth an estimated $200 million.

For India’s rich, having a sports club of one’s own is the newest status symbol,” Forbes said.

According to Forbes, India’s richest are racing to own sports teams in the field of cricket, kabbadi, hockey and badminton and the latest been football.

Leading among the team owners, India’s richest person Mukesh Ambani, along with wife, Nita Ambani, with their IPL team ‘Mumbai Indians’ that stands at an estimated $200 million,” Forbes said.

Reliance Industries had bought up the Mumbai Indians cricket franchise for more than $110 million in 2008.

Other billionaire IPL team owners include G M Rao ranked 98th in the Forbes India rich list, who owns the Delhi Daredevils and media magnate Kalanithi Maran (ranked 38), who owns the Sunrisers Hyderabad,” Forbes added.