SEE PICS! Mukesh Ambani richest Indian for the 9th consecutive year, wealth shoots up by 73% to Rs 6.58 lakh crore
By Lokmat English Desk | Published: September 30, 2020 11:58 AM2020-09-30T11:58:17+5:302020-09-30T11:58:17+5:30
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The personal networth of Reliance Industries chairman Mukesh Ambani rose by 73 per cent to Rs 6.58 lakh crore, helping him retain the title of being the richest Indian for the ninth consecutive year with a wider margin, according to a report released on Tuesday.
Ambani, 63, who has been selling stakes in telecom and retail arms lately leading to a strong performance in the Reliance Industries stock price, is also in the top five at a global level, the report prepared by Hurun in association with IIFL Wealth said.
The rankings come at a time when the COVID-19 pandemic has resulted in a deep economic impact on the lives and fears are being expressed about a K-shaped recovery, which will result in more inequalities in the society.
The list identified 828 Indians who are worth over Rs 1,000 crore as of August 31 and made it to the list of richest Indians.
Gujarat-based Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian.
Only 40 of the 828 individuals or 5 per cent of the list are women, with 69-year-old Smita Crishna of Godrej leading with a networth at Rs 32,400 crore and Kiran Majumdar Shaw of Biocon trailing her with Rs 31,600 crore networth.
Cyrus Mistry and Shapoor Mistry of Shapoorji Pallonji group, which is seeking nearly Rs 1.78 lakh crore for its 18 per cent stake in Tata Sons, saw a 1 per cent decline in their wealth at Rs 76,000 crore each.
Hinduja Brothers, who are reported to be in a property dispute, are worth Rs 1.43 lakh crore and were able to retain the second standing despite a 23 per cent reduction, according to the list.
They are followed by HCL''s Shiv Nadar and family whose fortunes rose 34 per cent to Rs 1.41 lakh crore.
Wipro''s Azim Premji slipped two places to fifth in the rankings with fortunes of Rs 1.14 lakh crore.
D-Mart''s Radhakishan Damani and family broke into the top-ten with a 56 per cent rise in wealth to Rs 87,200 crore.
On the back of a blockbuster IPO, 77-year-old Ashok Soota of Happiest Minds debuted on the list with a networth of Rs 3,700 crore, it said.
