MUMBAI: The Personal Net Worth of the President of Reliance Industries Mukesh Ambani it rose by 73 percent to Rs 6.58 lakh crore, helping it retain the title of being the richest Indian for the ninth year in a row by a wider margin, according to a report released on Tuesday.
Ambani, 63, who has been selling stakes in telecommunications and retail weapons lately, leading to strong performance in Reliance Industries’ stock price, is also in the top five globally, according to the report. prepared by Hurun in association with IIFL Wealth.
The rankings come at a time when the Covid-19 pandemic has had a profound economic impact on lives and fears are being expressed about a K-shaped recovery, which will result in further inequalities in society.
The list identified 828 Indians worth more than Rs 1 billion as of August 31 and made it to the list of the richest Indians.
Cyrus Mistry and Shapoor Mistry of the Shapoorji Pallonji group, which is seeking about 1.78 crore lakh for its 18 percent stake in Tata Sons, saw a 1 percent decline in their wealth to 76 billion rupees each.
Gujarat-based Gautam Adani, which is diversifying into many businesses, saw a 48 percent increase in wealth to Rs 1.40 lakh crore and climbed two places in the rankings to be the fourth richest Indian.
Hinduja Brothers, reported to be in a property dispute, are worth Rs 1.43 lakh crore and were able to maintain second place despite a 23 percent reduction, according to the list. They are followed by HCL’s Shiv Nadar and his family, whose fortunes increased 34 percent to Rs 1.41 crore.
Wipro’s Azim Premji slipped two places to fifth place in the standings with fortunes of Rs 1.14 lakh crore. The world’s largest vaccine maker, the Serum Institute of India, Cyrus Poonawalla, had a 6 percent increase in wealth by Rs 94,300 crore and ranked sixth.
Radhakishan Damani of D-Mart and his family entered the top ten with a 56 percent increase in wealth to Rs 87,200 crore.
Kotak Mahindra Bank promoter Uday Kotak saw its net profit drop 8% to Rs 87 billion, slipping one place to the eighth richest Indian.
Following a successful initial public offering, Ashok Soota of Happiest Minds, 77, debuted on the list with a net worth of Rs 3.7 billion, he said.
The financial capital continues to have an advantage over the national capital for being the home of rich Indians, while among the Indians of the world, the United States has the highest numbers on the rich list.
Only 40 of the 828 people or 5 percent of the list are women, with Smita Crishna from Godrej, 69, leading the way with a net profit of Rs 32,400 crore and Kiran Majumdar Shaw of Biocon next with Rs 31,600. crore networth.
Hurun India Managing Director and Chief Investigator Anas Rahman Junaid said there is a possibility of two people missing for every one on the list, calculating the total number of people worth more than 1,000. million rupees at 3,000.
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