2021 Forbes has released the list of 100 richest people in India. India’s billionaires on the list saw their wealth increase by 50 percent during the pandemic year. The cumulative wealth of the members on the list reached a record $775 billion after adding $257 billion over the past 12 months. The credit for this mostly goes to the record high market share in India in the last few months. Forbes noted that more than 80 percent saw an increase in their fortune, with 61 adding $1 billion or more.
Reliance Industries Chairman and Managing Director Mukesh Ambani leads the chart with a net worth of $92.7 billion. Ambani has been named as India’s richest person since 2008. “Reliance Industries Limited plans to transform its energy business to offer decarbonization solutions globally at a competitive price in a potentially $5 trillion market by 2030,” Morgan Stanley said. Adani Group founder Gautam Adani was ranked second with a net worth of $74.8 billion. At number 3 was Shiv Nadar, the founder of HCL Technologies. Nadar saw a $10.6 billion increase in his net worth from India’s IT sector. His net worth was estimated at $31 billion. DMart founder Radhakishan Damani retained the fourth spot on the list, nearly doubling his net worth from $15.4 billion to $29.4 billion. India’s vaccine king Cyrus Poonawalla moved into the top five with the net. Valued at $19 billion in 2021.
Top 10 richest people 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
Speaking about the list, Nazneen Karmali, Wealth Editor for Asia and India Editor, Forbes Asia, said: “This year’s list reflects India’s resilience and spirit of doing, even in the face of COVID-19. made a huge impact on both life and livelihood. Expectations of a V-shaped recovery fueled a stock market rally that propelled the fortunes of India’s richest to new heights. The top 100 clubs are becoming more exclusive, with the lowest net worth taking the ranks closer to $2 billion. “
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