The Indian economy was shaken up by the Coronavirus. But, the collective net worth of the richest people in India rose by 14%. The net of these billionaires rose by $517.5 billion. Mukesh Ambani is the richest Indian is not a secret anymore. He is the richest Indian for the 13th consecutive year and with a networth of $88.7 billion.
Mukesh Ambani, chairman Reliance Industries Ltd, has been setting the business world ablaze. The networth of Ambani grew by 73% compared to last year. Ambani has been on a juggernaut this year and his aggressive foray into digital services with Reliance Jio, Reliance Retail and many other businesses comfortably place him among the richest in the world. Mukesh Ambani is the sixth richest person in the world as per Forbes.
The networth of the top 10 richest people in India increased by 19.85% compared to last year. The top 10 richest people in India have a networth of $207.7 billion in 2020 compared to $173.3 billion in 2019, as per Forbes data.
Gautam Adani is ranked the second richest person in India this year. His net worth in 2020 is $25.2 billion compared to $15.7 billion last year. Gautam Adani, chairman of Adani Group,
saw 60.5% increase in net worth this year. He is the second richest person in India for the second consecutive year.
Shiv Nadar is the third richest Indian. He is the founder and chairman of HCL Technologies. Nadar’s net worth is $20.4 billion this year compared to $14.4 billion last year. The software services giant saw an increase of 41.6% this year. Nadar was placed sixth in the list of the richest Indians last year.
R Damani, an investor and founder of Dmart, is ranked fourth this year with a networth of $15.4 billion. He was the sixth richest Indian last year with a network of $14.3 billion. Hinduja brothers with a cumulative wealth of $12.8 are ranked fifth richest in India. The net worth of Hinduja brothers has dropped by 17.9% this year.
Cyrus Poonawala is ranked the sixth richest Indian this year with a wealth of $11.5 billion. Poonawala is known as the “Vaccine king of India.” He is the chairman of the Serum Institute of India, a company that manufactures paediatric vaccines. The institute is the world’s largest vaccine maker by doses. The company known for its vaccines for measles, polio, and flu etc. is also working on the Covid-19 vaccine. Poonawala was ranked twelfth richest Indian last year with $9.1 billion.
Pallonji Mistry is the seventh on the list. Pallonji is the chairman of the Shapoorji Pallonji Group. Pallonji is 91 years old and the richest Irish person currently. The Indian born is also the largest Individual shareholder at India’s largest private conglomerate, Tata Group. Pallonji has a net worth of $11.4 billion this year, compared to $15 billion last year. His net worth has diminished by 24% this year.
Uday Kotak, Godrej family & Lakshmi Mittal take the eight, ninth and tenth spots with a net worth of $11.3 billion, $11 billion & $10.3 billion respectively. They were also among the top 10 richest Indians last year as well.
Byju Raveendran is the youngest in the 100 richest people of India. Raveendran has seen his wealth surge during the pandemic owing to the increasing adoption of online platforms and apps for learning. Byju app has gained popularity in India. Tencent, Zuckerberg & Tiger Global have invested recently in Byju.
Top 10 Richest Persons in India in 2020
Savitri Jindal is the richest woman in India with a net worth of $6.9 billion in 2020. She is the widow of Om Prakash Jindal, founder of Jindal Group. Savitri Jindal is the nineteenth richest person in India. Jindal group has interests in steel, cement, power and infrastructure. Upon the death of Om Prakash Jindal, the group companies have been distributed among his four sons. These companies are now run independently.
Kiran Mazumdar Shaw is the second richest woman in India. She is the founder & chairman of Biocon Ltd. Biocon is into biopharmaceutical & conducting trials for Covid-19 drugs. Mazumdar has for many years in the past held the title of the richest woman in India. Currently, she is ranked twenty seventh richest person in India with a networth of $4.6 billion.
Kiran Mazumdar saw the highest increase in net worth in percentage terms. She saw an increase of 93.2% in her wealth this year. With the focus on Covid-19 vaccine and drugs, her company’s fortunes have taken an upswing.
Top 10 Richest Persons in India in 2019
The richest persons will have a role in shaping things around the unpredictable events in recent times. As the world economy gears up to counter the global pandemic after-effects, China and India will be at the forefront of worldwide growth . As per Bloomberg, India will be the second largest contributor of global GDP growth by 2025 behind China. As the world order changes due to Covid-19 pandemic, India will be among the growth engines of global GDP growth.