Forbes India Rich List 2021: Mukesh Ambani India’s biggest billionaire for 14th consecutive year, Gautam Adani behind him
Mukesh Ambani has remained the number one Indian billionaire for the 14th consecutive year since 2008 in the Forbes 2021 list of Indian rich. Ambani added $4 billion to his wealth. According to Forbes, in the second year of the corona pandemic, India’s richest increased their wealth by 50 percent. At the same time, Gautam Adani is now in second place with a net worth of $ 74.8 billion, only behind Ambani at $17.9 billion. While Savitri Jindal has rejoined the top-10 with $18 billion. At the same time, the wealth of four billionaires associated with the pharma business has come down. The wealth of India’s 100 richest people is now $775 billion.
One-fifth of the increase in the net worth of India’s 100 richest people has come from infrastructure tycoon Gautam Adani, who is at No. 2 for the third year in a row. This jump in Adani’s wealth has come due to the rise in the shares of all his listed companies. His wealth has almost tripled from $25.2 billion to $74.8 billion.
On the other hand, Shiv Nadar, founder of software giant HCL Technologies, is at number three with $31 billion. His wealth has increased by $10.6 billion. Retailing sector businessman Radhakishan Damani has retained the fourth position. His net worth has almost doubled to 29.4 billion from $15.4 billion. Nazneen Karmali, Asia Wealth Editor and India Editor, Forbes Asia, said, “Expectations of a V-shaped recovery fueled a stock market rally that propelled the fortunes of India’s richest to new heights. “
Six new faces in this year’s list
There are six new faces in this year’s list. Half of these are from the fast growing chemicals sector. These include Ashok Bub (Rank 93, $2.3 billion). Deepak Mehta (Rank 97, 2.05 billion) of Deepak Nitrite and Yogesh Kothari (Rank 100, 1.94 billion) of Alkyl Amine Chemicals. Dr Lal Pathlabs Executive Chairman Arvind Lal (Rank 87, 2.55 billion) is the new addition to the list.
Property veteran and politician Mangal Prabhat Lodha (Rank 42, $4.5 billion) and hospital chain Apollo Hospitals Enterprise K Pratap Reddy (No. 88, $2.53 billion) also made it to the April list of their Macrotech developers after the nation’s IPO rush. Entered in. The minimum amount needed to make this year’s list was $1.94 billion, up from $1.33 billion last year.
This is how the list is prepared
This list has been compiled using shareholding and financial information obtained from families and individuals, stock exchanges, analysts and regulatory agencies in India. The ranking lists family fortunes, including those shared among extended families such as the Bajaj and Godrej families. Public fortunes were calculated on the basis of stock prices and exchange rates till 17th September. Private companies were assessed on the basis of similar publicly traded companies. The list may also include foreign nationals with business, residential or other ties to the country, or citizens who do not reside in the country but have significant business or other ties to the country.
