Gautam Adani is making money faster than Mukesh Ambani

Sep 30, 2021

By: Vaamanaa Sethi

Mukesh Ambani and family — Reliance Industries

Wealth (in ₹ crore): 7,18,000 | Percentage change compared to 2020: 9 | Ambani retained his top spot in the list for the 10th consecutive year. Reliance Industries became the first Indian company to cross $200 billion market cap, according to IIFL Wealth Hurun Rich List 2021.

Credit: BCCL

Gautam Adani and family — Adani Group

Wealth (in ₹ crore): 5,05,900 | Percentage change: 261 | Adani’s daily “wealth creation velocity” since 2020 is ₹1,020 crore, which is the highest in the list. Adani Group has a combined market capitalisation of ₹9 lakh crore.

Credit: BCCL

Shiv Nadar and family — HCL

Wealth (in ₹ crore): 2,36,600 | Percentage change: 67 | HCL became the third Indian IT company to break through the $10 billion revenue mark in 2020. Nadar retained his third rank, even during the pandemic as HCL managed to increase its wealth by 67 percent.

Credit: BCCL

SP Hinduja and family — Hinduja Group

Wealth (in ₹ crore): 2,20,000 | Percentage change: 53 | Hinduja moved up by two spots. The valuation of Hinduja Group was up by 53 percent as its flagship companies like Ashok Leyland and IndusInd bank’s share prices went up 74 percent and 61 percent respectively in 2020.

Credit: BCCL

LN Mittal and family — ArcelorMittal

Wealth (in ₹ crore): 1,74,400 | Percentage change: 187 | Mittal has moved up eight positions as his company ArcelorMittal reported its best quarter in 2020 since 2008. However, the company reported a net loss of $0.7 billion in 2020, the year in which shipments declined by close to a fifth, according to Forbes.

Credit: BCCL

Cyrus S Poonawalla and family — Serum Institute of India

Wealth (in ₹ crore): 1,63,700 | Percentage change: 74 | Poonawalla saw an increase in wealth by 74 percent, according to the Hurun Rich List, as the company delivered more than 60 crore vaccine doses in India out of which 92 percent were of COVID-19.

Credit: BCCL

Radhakishan Damani and family — Avenue Supermarts

Wealth (in ₹ crore): 1,54,300 | Percentage change: 77 | The share price of Avenue Supermarts has increased by 500 percent since 2017 (IPO year). The CEO of the company Ignatius Navil Noronha also has a net worth of ₹5,100 crore, one of the richest professional managers residing in India.

Credit: BCCL

Vinod Shantilal Adani and family — Adani Group

Wealth (in ₹ crore): 1,31,600 | Percentage change: 212 | Vinod Adani, who resides in Dubai, moved up by 12 spots in the list as compared to last year. He manages trading businesses in Dubai, Singapore and Jakarta.

Credit: BCCL

Kumar Mangalam Birla and family — Aditya Birla Group

Wealth (in ₹ crore): 1,22,200 | Percentage change: 230 | The Birla Group saw an 84 percent increase in the combined market capitalisation over the last year.

Credit: BCCL

Jay Chaudhary — Zscaler

Wealth (in ₹ crore): 1,21,600 | Percentage change: 85 | IIT alumni, who founded the cyber security company in 2007, currently owns 42 percent of the Nasdaq- listed firm, which has a market cap of ₹2,81,000 crore. Amidst increased corporate ransomware attacks contributed to an 85 percent increase in his wealth.

Credit: Wikipedia

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