Flashback 2020: Top 10 richest people in India in 2020

By Lokmat English Desk | Published: December 26, 2020 12:40 PM2020-12-26T12:40:42+5:302020-12-26T12:40:42+5:30

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Reliance Industries chairman Mukesh Ambani topped the list for the 9th consecutive year by registering a whopping 73 per cent rise in his wealth to Rs 6,58,400 crore.

With a wealth of Rs 1,43,700 crore, Hinduja Brothers occupied the second spot in the list. However, their valuation witnessed a sharp 23 per cent drop during the year. This can be majorly due to lackluster performance of their flagship companies like IndusInd Bank, Gulf Oil and GOCL Corporation Limited.

HCL Technologies founder Shiv Nadar climbed up two places to bag the third spot in Hurun India’s rich list with a total net worth of Rs 1,41,700 crore. In July, Nadar stepped down as the chairman of HCL and his daughter Roshni Nadar Malhotra took over as the company’s chairperson.

Adani Group chairman Gautam Adani's wealth grew by 48 per cent compared to that of last year as he moved up two places to the fourth rank. Backed by the performance of Adani Green, the company’s chairman found a place in the top 5 for the first time.

Wipro chief Azim Premji moved down two places to the fifth spot with total wealth of Rs 1,14,400 crore.

Serum Institute of India (SII) founder Cyrus Poonawala bagged the sixth position as his wealth rose by 6 per cent during the current year. SII -- world's largest vaccine-maker -- is working closely with Oxford University and multiple institutions to manufacture and distribute Covid-19 vaccines. At present, his total net worth is about Rs 94,300 crore.

Founder of Avenue Supermarts Radhakishan Damani made his debut into the top 10 in IIFL Wealth Hurun India rich list with a net worth of Rs 87,200 crore.

Uday Kotak, the founder managing director and promoter of Kotak Mahindra Bank, is the eighth richest Indian. His total wealth during the year would be about Rs 87,000 crore.

Backed by a 22 per cent rise in share price of pharmaceutical major Sun Pharma, Dilip Shanghvi’s wealth increased by 17 per cent or Rs 12,500 crore to Rs 84,000 crore.

The Pallonji brothers, Cyrus and Shapoor Pallonji, shared the tenth spot in the list with a total net worth of Rs 76,000 crore each.