Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, is the only Indian to feature in the top 10 chart of the Hurun Global Rich List 2022, the research firm said in a report on Tuesday. The 64-year-old business mogul’s wealth has risen 24 per cent in the past year to $103 billion, helping him retain the title of richest Asian.
“Mukesh Ambani, 64, of Reliance Industries posted a 24 per cent increase in wealth to $103 billion and retained the richest Asian title for the second year in a row. Reliance shares rose 22 per cent last year, due to a rebound in retail and energy businesses, after the second wave of COVID-19.” Hurun India said in a report. “In June 2021, Reliance announced an $8 billion plan to set up four gigafactories for solar, battery and hydrogen manufacturing,” it added.
Ambani has also emerged as the richest telecom entrepreneur on the Hurun Global Rich List, the report said.
With an increase of 153 percent in assets, Gautam Adani And the Adani Group family has become the second richest Asian. Gautam Adani is the biggest beneficiary in the M3M Hurun Global List 2022 and added $49 billion to his wealth last year. After the listing of renewable energy company Adani Green, Gautam Adani’s wealth grew nearly five times to $81 billion in 2020 from $17 billion.
HCL founder Shiv Nadar and his family came third in the list. In June 2021, Shiv Nadar resigned as MD of HCL Technologies and was named Chairman Emeritus. In August 2021, HCL Technologies became the fourth Indian IT firm to achieve a market capitalization of Rs 3 lakh crore after TCS, Infosys and Wipro.
Hurun India has said in its research report that both Adani and Ambani are among the world’s highest wealth gainers in terms of absolute value. With a wealth gain of $49 billion, Gautam Adani tops the list of global wealth gainers in the 2022 M3M Hurun Global Rich List, followed by Mukesh Ambani who ranks eighth in the list of global gainers.
The global rank of Indians in the M3M Hurun Global Rich List is increasing at the fastest pace in the modern history of India. For example, Cyrus Poonawalla of Serum Institute has scored more than 500 ranks in the last 10 years. Poonawalla has become the fourth richest person in India.
With 215 billionaires living in India and 58 newcomers, the country remains the third largest billionaire producer in the world; If billionaires of Indian origin are added, then this number increases to 249. The number of Indian billionaires has doubled every five years in the past decade.
The report also revealed that despite the continued Covid impact with the Russo-Ukraine war and several new waves, the net worth of billionaires in the global scenario grew by 4 per cent to $15.2 trillion.
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