Bhubaneswar: The collective wealth of India’s 100 wealthiest tycoons has tripled in the past decade, and surpassed the trillion dollar milestone for the first time this year.
According to a report in Forbes, the Indian sharks have become twice as rich as they were in 2019. They added $316 billion, , marking a nearly 40% increase, in just the past 12 months. Over 80% of the richest Indians saw their wealth grow and 58 of them added $1 billion or more to their fortunes. The net worth of half a dozen, including the top five, surged past $10 billion each, as they collectively gained nearly $120 billion. The top 12 billionaires account for nearly half of the total wealth of the group, it added.
Among other factors, the report attributed the surge to investor optimism around the Indian economy after Prime Minister Narendra Modi secured a third term in June, which put the stock market on overdrive. The benchmark BSE Sensex soared 30% since fortunes were last measured a year ago, it added.
Here is the list of the top 10 wealthiest tycoons:
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