Wealth does not remain static especially during the fluctuating industry scenario today. India has produced several billionaires who occupy a significant number of slots on the list of wealthiest persons in the world today. Here is the list of the top 10 richest persons in India as per their latest Forbes data on 21 December 2020.
1. Mukesh Ambani
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 $77.8B.
Ambani gained Rs 90 crore per hour since the lockdown was imposed by the government in March.
Just after the lockdown was announced, Ambani’s wealth dropped by 28 per cent to Rs 3,50,000 crore. However, a series of fund-raising activities and strategic investments from global giants like Facebook and Google increased his wealth by 84 per cent over the next four months.
Ambani is also the only Indian billionaire to feature in top 15 of the global rich list 2020 prepared by Bloomberg Billionaires Index.
According to Anas Rahman Junaid, managing director and chief researcher of Hurun India, Ambani's wealth is bigger than the combined wealth of the next five people in the list, that is, Hinduja brothers, Shiva Nadar, Gautam Adani and Azim Premji.
2. Gautam Adani
Gautam Adani’s net worth as per the latest records is $53.5 billion. He is the Second richest person in India and ranks 54 on the list of the world’s richest. Apart from Mundra Port, the largest in India, his wealth-generating portfolios include a range of commodities, power generation including renewable energy (like solar farms), and transmission to name a few.
3. Shiv Nadar
With his $24 billion estimated net worth, Shiv Nadar ranks as the third richest person in India. HCL Technologies founded by him is a $23 billion (market value) company and one of the largest software services exporters in the world today. With its presence in over 45 countries on the globe, HCL Technologies makes Shiv Nadar claim the 72nd slot in the list of world’s richest persons.
4. Lakshmi Mittal
5. Uday Kotak
The founder of Kotak Mahindra Bank, Uday Kotak, occupies the fifth position on the list of India’s richest. With a net worth of $15.8 billion, Kotak takes 121st place on the world’s richest persons’ list.
6. Kumar Birla
Standing at the 223rd position in the world’s richest persons’ list, Kumar Birla has a net worth of $12.8 billion, which makes him the ninth wealthiest person in India. The head of Aditya Birla Group which he inherits for the fourth generation in row, his group is concerned with producing cement and aluminum alongside retail, telecom and financial services.
7. Cyrus Poonawalla
Ranked as the 7th wealthiest person in India, Cyrus Poonawalla has a net worth of $12.8 billion. He founded the Serum Institute of India in 1966 and it is today the largest producer of vaccines for measles, influenza and polio. At present, the company is also co-developing two vaccines for COVID-19 and has a significant lead over other similar researches that are underway. In the world’s wealthiest persons list he ranks in the 181st position.
8. Dilip Shanghvi
The tenth richest person in India is Dilip Shanghvi whose latest net worth is $10.5 billion. The founder of Sun Pharma, Dilip Shanghvi has turned his firm into the largest player in the manufacturing of specialty generic drugs. He has also invested in energy and oil ventures. On the world’s richest persons’ list, he ranks in the 227th position.
9. Sunil Mittal
Sunil Mittal & Family’s net worth of $10.1 billion positions them in the seventh place on the Indian rich list. The telecom tycoon has founded Bharti Airtel which is one of the largest mobile phone operators in India as well as in Africa. Sunil ranks 213rd on the world’s richest persons’ list.
10. Radhakishan Damani
Radhakishan Damani’s net worth of $18.9 billion, which makes him the third richest person in India today. He occupies the 102nd position in the global rich list. Radhakishan Damani is a veteran Mumbai stock market investor who founded the supermarket chain DMart which went public in 2017, and eventually went on to be the world’s most-valued retail chain for its unique model that makes the holding company Avenue Super marts more profitable than many of its peers.
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