India

India’s Billionaires Got Richer During Pandemic: Forbes 2021 List Of Richest Indians

By
OB Bureau

New Delhi: Forbes has released its list of India’s 100 richest for 2021. Billionaires in India on the list saw an increase of 50 per cent in their wealth during the pandemic year. The cumulative wealth of members on the list climbed to a record $775 billion, after adding $257 billion in the last 12 months.

Much of the reason is the record high stock market in India in the last few months. More than 80 per cent of the listees saw their fortunes increase, with 61 adding $1 billion or more, Forbes mentioned.

Mukesh Ambani, the chairman and managing director of Reliance Industries continues to leads the chart since 2008 with a net worth of $92.7 billion now.

“Reliance Industries Ltd plans to transform its energy business with an over-arching strategy to offer decarbonisation solutions globally at a competitive price in a market potentially worth $5 trillion by 2030,” Morgan Stanley said.

Gautam Adani, the founder of Adani Group, is in second place, with a net worth of $74.8 billion. Shiv Nadar, founder of HCL Technologies comes next. Nadar witnessed a $10.6 billion boost in his net worth from India’s IT sector. His net worth was estimated at $31 billion.

Radhakishan Damani, founder of DMart retained the fourth spot on the list with his net worth nearly doubling to $29.4 billion from $15.4 billion. Cyrus Poonawalla, India’s vaccine king moved into the top five with a net worth of $19 billion in 2021.

The top 10 richest in India are:

1) Mukesh Ambani; US$92.7 billion

2) Gautam Adani; $74.8 billion

3) Shiv Nadar; $31 billion

4) Radhakishan Damani; $29.4 billion

5) Cyrus Poonawalla; $19 billion

6) Lakshmi Mittal; $18.8 billion

7) Savitri Jindal; $18 billion

8) Uday Kotak; $16.5 billion

9) Pallonji Mistry; $16.4 billion

10) Kumar Birla; $15.8 billion

Naazneen Karmali, Asia wealth editor and India editor of Forbes Asia, was quoted as saying: “This year’s list reflects India’s resilience and can-do spirit even as Covid-19 extracted a heavy toll on both lives and livelihoods. Hopes of a V-shaped recovery fueled a stock market rally that propelled the fortunes of India’s wealthiest to new heights. With the minimum net worth to make the ranks approaching $2 billion, the top 100 club is getting more exclusive.”

OB Bureau

Recent Posts

IPL Auction: KKR Break Bank For Venkatesh On Lucrative Day For Indian Players; Check Top Buys

Mumbai: The first day of the IPL mega player auction at Jeddah threw up several…

November 24, 2024

Odisha Govt Hands Over Case Of Attack On Dharmasala MLA To Crime Branch

Bhubaneswar: The Odisha government has handed over the investigation into the attack on Dhramasala MLA…

November 24, 2024

Commissionerate Police Issues Traffic Advisory During Winter Session Of Odisha Assembly; Details Here

Bhubaneswar: The Commissionerate of Police on Sunday issued an advisory for movement of vehicular traffic…

November 24, 2024

Elon Musk Proposal: Fire US Federal Employees Who Want To Work From Home

New York: Now that President-elect Donald Trump has tasked Elon Musk with the responsibility of co-heading…

November 24, 2024

Odisha Govt Warns Of Stern Action For Renting Out Its Quarters

Bhubaneswar: The Odisha government has warned its employees of stern action for sub-letting their allotted…

November 24, 2024

AR Rahman Best Man In The World, Certifies Saira Banu; Then Why Their Separation?

Mumbai: There has been a lot of talk over AR Rahman and his wife Saira…

November 24, 2024

Process On To Form NODC In 2-3 Months, Says Odisha CM Mohan Majhi

Sundargarh: The North Odisha Development Council (NODC) would be formed in 2-3 months, said Chief…

November 24, 2024

Odisha DGP Reviews Security Arrangements For President’s Visit To Puri

Puri: Director General of Police (DGP) YB Khurania on Sunday reviewed the security arrangements for…

November 24, 2024