Updated: October 8, 2020 6:14:21 pm
(Left to right) Reliance Group Chairman Mukesh Ambani, Adani Group Chairman Gautam Adani, and HCL co-founder and tech mogul Shiv Nadar.
Forbes 2020 List: Despite the Covid-19 pandemic that has severely affected the Indian economy, the fortunes of Indian billionaires have nonetheless seen gains, the recently released Forbes list of the 100 richest Indians indicated.
“Amid the Covid-19 pandemic that hit India hard and led to a sharp economic contraction, half of the nation’s 100 richest people on the Forbes India 2020 Rich List saw gains,” Forbes said, adding that the collective net worth of the 100 richest people in India increased 14 percent to $ 517.5 billion from the previous year.
Reliance Group Chairman Mukesh Ambani, who topped the list for the thirteenth year “accounted for more than half of those earnings.”
“The tycoon (Mukesh Ambani) added $ 37.3 billion, raising his fortune to $ 88.7 billion, an increase of 73%. Shares of Reliance Industries soared when, amid the nation’s lockdown, Ambani raised more than $ 20 billion from a number of top investors for Jio Platforms, Reliance’s fast-growing digital arm, ”Forbes said.
Second place was retained by Adani Group Chairman Gautam Adani, who increased his net worth by 61 percent to $ 25.2 billion.
Tech mogul Shiv Nadar, who handed over the job of president of HCL Technologies in July to his daughter Roshni Nadar Malhotra, also jumped three spots to take the No. 3 spot with $ 20.4 billion as shares in the third tech company surged. largest in India.
Here are the 20 richest Indians on the Forbes list this year.
1. Mukesh Ambani ($ 88.7 billion)
2. Gautam Adani ($ 25.2 billion)
3. Shiv Nadar ($ 20.4 billion)
4. Radhakishan Damani ($ 15.4 billion)
5. Hinduja Brothers ($ 12.8 billion)
6. Cyrus Poonawalla ($ 11.5 billion)
7. Pallonji Mistry ($ 11.4 billion)
8. Uday Kotak ($ 11.3 billion)
9. Godrej Family ($ 11 billion)
10. Lakshmi Mittal ($ 10.3 billion)
11. Sunil Mittal ($ 10.2 billion)
12. Dilip Shanghvi ($ 9.5 billion)
13. Burmese family ($ 9.2 billion)
14. Kumar Birla ($ 8.5 billion)
15. Azim Premji ($ 7.9 billion)
16. Bajaj Family ($ 7.4 billion)
17. Madhukar Parekh ($ 7.2 billion)
18. Kuldip and Gurbachan Singh Dhingra ($ 6.8 billion)
19. Savitri Jindal ($ 6.6 billion)
20. Murali Divi ($ 6.5 billion)
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and keep up to date with the latest headlines
For the latest business news, download the Indian Express app.
.
