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<ul><li><keyword id="111343" type="General" weightage="20" keywordseo="Gautam-Adani" source="Orion">Gautam Adani</keyword> is ranked 4th in the world with a total net worth of $125 billion.</li><li>Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion.</li><li>The next rank from India is number 45 for <keyword id="6419840" type="General" weightage="20" keywordseo="Azim-Premji" source="Orion">Azim Premji</keyword> of Wipro with a net worth of $ 24.6 billion.</li></ul> The double As - Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one. There was a time when <keyword id="232460" type="General" weightage="20" keywordseo="Tata-and-Birla" source="Orion">Tata and Birla</keyword> were synonyms for India's rich. Every region had its own wealthy like the Shrirams, Thapars, Nandas, and Modis in the north or the Bangurs in the east or the Mafatlals, Walchands, Kirloskars, Khataus, Sarabhais and Lalbhais in the west and the M.A. Chidambaram group in the south. Over time, many groups have floundered and fallen on bad times. There are many defining moments in this journey which saw a debilitating impact on family industrial groups. The year 1964 was a turning point because this was when the Monopolies and Restrictive Trade Practices Commission was established. By that year, the MRTP Commission had finished collecting and sifting information on Indian big business and hence reliable data was available. The next interesting inflection point came in 1991, when the P.V. Narasimha Rao administration introduced the New Economic Policy. This is where it all changed - India's most radical policy document in the form of the New Industrial Policy - the Licence Permit Raj was scrapped on 24 July 1991. Democratic socialism had been consigned to the rubbish heap of history - Licence Raj, which was in place for four decades, came to an end with the new industrial policy announced by Finance Minister Manmohan Singh and Prime Minister P.V. Narsimha Rao, who also held the portfolio of Industries Minister. The New Industrial Policy proposed getting rid of Monopolies and Restrictive Trade Practices and abolishing industrial licensing for all but 18 industries. Foreign equity holdings were proposed to be raised by 51 per cent in a project. Indian industry was free of controls and bureaucracy like never before. Over the last 30 years, India Inc had been turned on its head. As per the Bloomberg Billionaires Index now, Gautam Adani is ranked 4th in the world with a total net worth of $125 billion. Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion. However, after Adani and Ambani the gap widens by a large extent and is then taken up by the software czars. The next rank from India is number 45 for Azim Premji of Wipro with a net worth of $ 24.6 billion. Shiv Nadar of HCL Technologies is at number 51 on the index with a net worth of $22.8 billion. The representation from India is then only at number 101 with Dilip Shanghvi with a net worth of $14.9 billion followed by Cyrus Poonawalla at 102 with $14.8 billion. Lakhsmi Mittal is at 103 with a net worth of $14.7 billion. Uday Kotak is ranked 106 with a net worth of $13.7 billion. Savitri Jindal is ranked at 119 on the Bloomberg Billionaires Index with a net worth of $12.9 billion. Sunil Mittal is ranked at 134 with a net worth of $12.2 billion. Kumar Birla is at 159 with a net worth of $10.8 billion. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/over-2-49-crore-unaccounted-cash-seized-in-hyderabad/articleshow/94750636.cms">Over ₹2.49 crore unaccounted cash seized in Hyderabad</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/telecom-sector-to-ring-in-stability-in-q2-jio-and-airtel-expected-to-grow-stronger-vi-weaker/articleshow/94709309.cms">Telecom sector to ring in stability in Q2 – Jio and Airtel expected to grow stronger, Vi weaker</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/this-giant-swing-in-manali-runs-on-ai/articleshow/94741834.cms">This giant swing in Manali runs on AI</a>

Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one

<ul><li><keyword id="111343" type="General" weightage="20" keywordseo="Gautam-Adani" source="Orion">Gautam Adani</keyword>, India’s richest and the world’s third richest person, has been crowned ‘Asia’s busiest dealmaker’ by Bloomberg.</li><li><keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> stands out for being the only person on the Bloomberg billionaires list to have gained wealth this year – he added $44.6 billion to his wealth while the other nine combined lost $259.3 billion.</li><li>Key among Adani’s deals this year were the $10.5 billion ACC and Ambuja Cements acquisition from Swiss construction giant Holcim, and Israel’s Haifa port purchase.</li></ul>Gautam Adani’s rise to the top echelons of the world’s richest people has been meteoric. Adani is also the only person in the top ten in the Bloomberg’s Billionaires Index to have actually added to his wealth this year His group companies – spanning ports and energy – have been firing on all cylinders and making both Adani as well as other investors richer – Adani added $44.6 billion to his wealth in 2022 till date. In contrast, the other nine billionaires on Bloomberg’s Billionaires Index cumulatively lost $259.3 billion in the period. Overall, the seven listed Adani Group companies have added ₹8.55 lakh crore in market capitalisation this year. This stellar growth in his wealth saw him briefly rank as the second-richest person in the world, only behind Elon Musk. Currently ranked third on the Bloomberg Billionaires Index, Adani’s wealth is estimated at $121 billion, down from a peak of $150 billion, scaled in September this year. French business magnate and LVMH founder Bernard Arnault – with $165 billion and Elon Musk – with $138 billion are the only two people richer than Adani. Often pitted against India’s other richest man Mukesh Ambani, Adani has left Reliance Industries’ chief – whose wealth is estimated at $86.9 billion – far behind in the race of the richest. <cmsannotation type="cmsannotation" annotationid="‘Asia’s busiest dealmaker’" comment="subhead" text="‘Asia’s busiest dealmaker’">‘Asia’s busiest dealmaker’</cmsannotation> Success of the Ahmedabad-born Adani’s business empire has helped him top the list of the sixth edition of the ‘Bloomberg 50’ –a list <a href="https://www.bloomberg.com/features/2022-bloomberg-50/">of the most</a> influential people in global business this year. His aggressive acquisitions during the year have also earned him the tag of ‘Asia’s busiest dealmaker,’ with the crown jewel being the acquisition of cement giants ACC and Ambuja Cements from Swiss construction major Holcim for $10.5 billion. So far in 2022, Gautam Adani has struck deals across the ports, construction, media and energy businesses. Adani started the year with the listing of Adani Wilmar, an FMCG company, on the bourses in February. This was just in time to leverage the benefits of the Russia-Ukraine war, which sent edible oil prices boiling and<a href="https://www.businessinsider.in/business/corporates/news/adani-wilmar-revenue-rockets-fuelled-by-boiling-edible-oil-prices/articleshow/91260794.cms"> boosted</a> the company’s revenue and stock price. Later in July, Adani Ports and Special Economic Zone announced it had won a tender to privatise Israel’s Haifa port in a deal valued at $1.18 billion. “In the long run, this is a tremendous port as we anticipate Israel becoming a connection both for Europe and the Middle East, and therefore we stand to benefit from the new possible trade lanes that will be created,” said Karan Adani, CEO, Adani Ports and Special Economic Zone, announcing the purchase. The biggest deal of the year for the Adani Group, was the $10.5 billion acquisition of ACC and Ambuja Cements from Holcim in September. Together, these two companies propelled the Adani Group to become the<a href="https://www.businessinsider.in/business/corporates/news/heres-why-adani-and-jsw-group-are-racing-to-acquire-ambuja-cements-and-acc-from-holcim/articleshow/91465197.cms"> second-largest cement maker</a> in the country in terms of market capitalization, only behind UltraTech Cement. <cmsannotation type="cmsannotation" annotationid="$70-billion green energy ambitions and the ‘over-leveraged’ concerns" comment="subhead" text="$70-billion green energy ambitions and the ‘over-leveraged’ concerns">$70-billion green energy ambitions and the ‘over-leveraged’ concerns</cmsannotation> In September this year, Adani also announced an ambitious $70 billion new energy plan that would see the conglomerate setting up three giga factories – one each to manufacture solar modules, wind turbines and hydrogen electrolysers – by 2030. However, the billionaire faced a bazooka from CreditSights, a Fitch Ratings company, which came out with a<a href="https://www.businessinsider.in/business/corporates/news/gautam-adanis-overly-ambitious-growth-plans-can-spiral-into-a-massive-debt-trap-fitch/articleshow/93725014.cms"> report</a> stating that the Adani Group’s ambitious growth plans could spiral into a debt trap. This spooked investors, resulting in the Adani Group companies<a href="https://www.businessinsider.in/stock-market/news/adani-group-sheds-94000-crore-in-value-after-a-report-says-its-deeply-over-leveraged/articleshow/93728528.cms"> shedding ₹94,000 crore</a> market capitalisation in a single day. A couple of weeks later, though, the research firm<a href="https://www.businessinsider.in/business/corporates/news/creditsights-tones-down-its-comments-on-adani-groups-debt-position-after-a-meeting-with-the-company/articleshow/94071491.cms"> toned down</a> its comments, revising estimates about the cash flow position of two group companies. More recently, the group’s flagship Adani Enterprises <a href="https://www.businessinsider.in/business/news/adani-to-raise-rs-20000-cr-through-fresh-share-issue/articleshow/95764529.cms">received</a> board approval to raise ₹20,000 crore via a follow-on public offer (FPO), pending shareholder approval, according to its stock exchange filing. These funds will be used for the Adani group’s green energy and digital business ambitions. All in all, it has been a busy year for Gautam Adani – from starting the year with a wealth of $77 billion to becoming the third-richest person in the world. It remains to be seen if 2023 will be the year Adani becomes the world’s richest person. SEE ALSO: <a href="https://www.businessinsider.in/india/news/ice-cubes-to-gulab-jamuns-and-50-lakh-kilos-of-organic-fruits-and-veggies-how-india-swiggyd-in-2022/articleshow/96275305.cms">Ice cubes to gulab jamuns and 50 lakh kilos of organic fruits and veggies – how India Swiggy’d in 2022</a> <a href="https://www.businessinsider.in/policy/economy/news/indian-economy-to-outpace-world-average-growth-in-2023-can-it-duck-global-headwinds/articleshow/96256621.cms">Indian economy to outpace world average growth in 2023 – Can it duck global headwinds?</a> <a href="https://www.businessinsider.in/business/corporates/news/tpg-to-acquire-adar-poonawalla-led-groups-housing-finance-arm-at-3900-crore-valuation/articleshow/96256578.cms">TPG to acquire Adar Poonawalla-led group’s housing finance arm at ₹3,900 crore valuation</a>

Gautam Adani: Man of the year

<ul><li><keyword id="111343" type="General" weightage="20" keywordseo="Gautam-Adani" source="Orion">Gautam Adani</keyword> added ₹5 lakh crore to his wealth last year to become the richest Indian, beating <keyword id="3820" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="Orion">Mukesh Ambani</keyword> by ₹3 lakh crore.</li><li><keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> added ₹1,612 crore to his wealth each day – almost 8 times that of Ambani, who added ₹210 crore per day in the last one year.</li><li>Overall, the top ten richest people in India have a total wealth of nearly ₹32 lakh crore, of which Adani and Ambani account for nearly 60%.</li></ul>Gujarat-based billionaire Gautam Adani added ₹5 lakh crore to his wealth last year to become India’s richest man as per IIFL Wealth <keyword id="15044910" type="General" weightage="20" keywordseo="hurun-india-rich-list-2022" source="Orion">Hurun India Rich List 2022</keyword>. In 2021, the founder of the Adani Group was behind Mukesh Ambani by ₹2 lakh crore. He is now ahead of Ambani by ₹3 lakh crore. The report calls it the ‘₹5 lakh crore catch up’. Adani’s total wealth stands at ₹10.94 lakh crore, and he added ₹1,612 crore per day over the last year, the release stated. “From an Indian wealth creation perspective, 2022 will be remembered for Adani’s meteoric rise. Briskly expanding his commodity trading company into a coal–to–port-to-energy conglomerate, he is the only Indian to have built not one, but seven companies with a market cap of one lakh crore,” said Anas Rahman Junaid, MD and chief researcher, Hurun India. The rapid rise in the value of his seven listed companies – nine now, with the addition of Ambuja Cements and ACC – has helped Adani zoom past Ambani. “In 2012, Adani’s wealth was hardly one-sixth of Ambani’s wealth and no one could imagine that he would overtake Ambani to become the richest man in India in ten years,” said Junaid. The report also said that India also gave a new number two, Gautam Adani, to the Hurun Global Rich List. Adani’s gains also helped boost the overall wealth of the Indian billionaires. “The cumulative wealth growth of the IIFL Wealth <keyword id="3656833" type="General" weightage="20" keywordseo="hurun-india-rich-list" source="Orion">Hurun India Rich List</keyword> 2022 excluding Adani is only 2.67%, compared to the overall 9%,” said Junaid. As many as 149 individuals entered the IIFL Hurun India Rich List of 1,103 – all of whom have a wealth of ₹1,000 crore or more. They cumulatively have a wealth of ₹100 lakh crore. <a href="https://www.businessinsider.in/business/news/gautam-adani-just-1-billion-away-from-becoming-the-second-richest-person-in-the-world-as-per-bloomberg-index-report/articleshow/94242575.cms">Adani is also the second richest person in the world, according to Bloomberg Billionaires Index, with a total wealth of $150 billion.</a> <cmsannotation type="cmsannotation" annotationid="Mukesh Ambani falls to the second position" comment="subhead" text="Mukesh Ambani falls to the second position">Mukesh Ambani falls to the second position</cmsannotation> After holding on to the richest Indian tag for ten years, Mukesh Ambani fell to the second position in this year’s list with a wealth of ₹7.94 lakh crore. Despite being dethroned from the numero uno position, Ambani’s wealth grew 11% last year – as he added ₹210 crore to his wealth every day during the period, making him the second-best performer after Adani. <div type="image" title="Hurun India Rich List 2022 Top 10 vs rest." msid="94348155" hostid="261" sizebytes="25244" caption="&amp;lt;p&amp;gt;Hurun India Rich List 2022&amp;lt;/p&amp;gt;"></div> Together, Adani and Ambani account for 59% of the total wealth of the top ten richest people in India. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Name </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wealth (in cr) </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gautam Adani &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10,94,400 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">116% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mukesh Ambani &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7,94,700 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyrus S Poonawalla &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,05,400 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">25% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shiv Nadar &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,85,800 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-21% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Radhakishan Damani &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,75,100 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vinod Shantilal Adani &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,69,000 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SP Hinduja &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,65,000 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-25% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">LN Mittal &amp; family </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,51,800 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-13% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dilip Shanghvi </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,33,500 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Uday Kotak </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,19,400 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3% </td></tr></tbody><tbody></tbody><tbody></tbody></table> Source: IIFL Hurun India Rich List 2022 <cmsannotation type="cmsannotation" annotationid="Zepto co-founder Kaivalya Vohra youngest on Hurun rich list" comment="subhead" text="Zepto co-founder Kaivalya Vohra youngest on Hurun rich list">Zepto co-founder Kaivalya Vohra youngest on <keyword id="424923" type="General" weightage="20" keywordseo="hurun-rich-list" source="Orion">Hurun rich list</keyword></cmsannotation> <a href="https://www.businessinsider.in/business/startups/news/zepto-raised-100-million-at-570-valuation-to-deliver-product-in-10-minutes/articleshow/88394937.cms">Zepto co-founder Kaivalya Vohra</a> is the youngest to debut on Hurun rich list, at the age of just 19 years. The youngest debutant on this list 10 years ago was a 37-year-old, according to a release by Hurun. The wealth creation by startups has been immense – according to the report as 100 startup founders figure in this year’s rich list. Together, these 100 startup founders account for ₹5.06 lakh crore wealth and have an average age of 40 years. “The IPOs of some of the high-profile startups realigned the valuation spread between institutional and retail investors. Having said the aforementioned, we believe the startup wealth creation will continue,” Junaid added. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-indian-equity-gold-and-debt-investments-have-performed-over-the-past-two-decades/articleshow/94304653.cms">Story in charts: How Indian equity, gold and debt investments have performed over the past two decades</a> <a href="https://www.businessinsider.in/thelife/personalities/news/anil-agarwal-profile-vedanta-resources-listing-in-london-stock-exchange-gujarat-semiconductor-chipset-plant/articleshow/94297057.cms">Anil Agarwal – how a Bihar boy who knew only ‘yes’ and ‘no’ went onto list the first Indian company on London Stock Exchange</a> <a href="https://www.businessinsider.in/stock-market/news/for-every-100-pulled-out-by-foreign-investors-from-the-indian-equity-markets-domestic-investors-have-ploughed-back-89-this-year/articleshow/94220904.cms">For every ₹100 pulled out by foreign investors from the Indian equity markets, domestic investors have ploughed back ₹89 this year</a>

Gautam Adani, Mukesh Ambani account for 59% of India’s top 10 billionaires’ wealth

<ul><li>The 74-year old is the 12th richest person in India with a networth of $9.5 billion. </li><li>According to Forbes, he multiplied his net worth nearly five times in a decade. But his company Serum Institute of India (SII) is known for its affordable vaccines. </li><li>The affordable vaccine strategy has struck the right cord of the company as its annual revenues are at ₹59 billion ($840 million).</li></ul>The story of <keyword id="29334" type="PERSON" weightage="20" keywordseo="Cyrus-Poonawalla">Cyrus Poonawalla</keyword> and how he became a billionaire cuts through luxury cars, horses and vaccines. The 74-year old <a href="https://www.forbes.com/profile/cyrus-poonawalla/">is the 12th richest person in India</a> with a networth of $9.5 billion. According to Forbes, he multiplied his net worth nearly five times in a decade. But his company Serum Institute of India (SII) is known for its affordable vaccines. He founded the Serum Institute of India in 1966, with a capital of $12,000. His idea was to develop vaccines by extracting serum from horses. SII became the world’s largest vaccine maker by of doses produced and sells 1.5 billion doses globally. <div type="Slideshow" msid="72139267" hostid="261" title="Cyrus Poonawalla, India’s vaccine king, multiplied his wealth nearly 5 times in a decade" firstImageMsid="72139269" slideCount="4"></div>

Cyrus Poonawalla, India’s vaccine king, multiplied his wealth nearly 5 times in a decade

<ul><li><keyword id="29334" type="General" weightage="20" keywordseo="cyrus-poonawalla" source="Orion">Cyrus Poonawalla</keyword>, who was recently awarded the Dean’s Medal by Johns Hopkins Bloomberg School of Public Health, has led a fascinating life.</li><li>He started with building sports cars and later went on to build a vaccine empire, which has made immunization accessible for all, against various diseases, including the coronavirus.</li></ul>The chairman of India’s top biotech company and the world’s largest vaccine manufacturer, Dr. Cyrus Poonawalla of Serum Institute of India (SII), is among the top 70 richest billionaires in the world today. At the age of 81, Poonawalla’s net worth is <a href="https://www.forbes.com/profile/cyrus-poonawalla/?list=rtb/&amp;sh=488fcc447d01">$21.5 billion</a>, as per Forbes, and has been recently awarded the Dean’s award by John Hopkins for his work in providing affordable vaccines. He is called the ‘vaccine king’ as his company SII produces over 1.5 billion vaccines annually for coronavirus, polio, diphtheria, tetanus, pertussis, Hib, BCG, r-hepatitis B, measles, mumps, rubella, among others. From horse breeding to building a vaccine empire Poonawala was born into a family of horse breeders, as his father Soli Poonawalla owned ‘Poonawalla Stud Farms.’ However, he was 20 when he decided to explore more options because he realized that horse racing had ‘<a href="https://www.forbesindia.com/article/leadership-awards-202021/fila-2021-lifestime-achievement-cyrus-poonawalla-the-vaccine-king/66877/1">no future</a> in a socialist country like India’. <div type="image" title="Horse racing" msid="91764331" hostid="261" caption="&amp;lt;p&amp;gt;Representative image of a horse race, which was attended by Poonawalla in 2013&amp;lt;/p&amp;gt;"></div> Vaccines from serum When he was 20, Poonawalla decided to leverage his passion for cars and turn it into a viable business. So, he built a $120 replica of the Jaguar D-type with his school friend. However, he abandoned the idea of commercial production due to a shortage of funds. After dropping his first business plan, he wanted to make a ‘product for the masses’. He discovered that horse serum can be used to make vaccines. He decided to use his stud farm for a better cause and make vaccines affordable. There was no going back since then. Back in the 1960s, when Poonawalla was just in the research phase of launching his serum business, which is now worth <a href="https://www.businesstoday.in/latest/corporate/story/serum-institute-founder-cyrus-poonawalla-adar-wealth-85pc-to-138-bn-271174-2020-08-26">$13.8 billion</a>, the vaccine market was still in its nascent stages. With only a few players in the game, there was a huge demand and very low supply. It was a safe option for Poonwalla to enter a less competitive market and India with an acute shortage, which were imported at high prices. He decided to look no further and launched his vaccine business under the name SII in 1966, with a capital of <a href="https://www.forbesindia.com/article/leadership-awards-202021/fila-2021-lifestime-achievement-cyrus-poonawalla-the-vaccine-king/66877/1">Rs 9 lakh</a>, which would later go on to help millions of people during a global pandemic, thanks to its domestically manufactured Covishield. Since he had no medical background, he employed doctors and scientists from the government-owned Haffkine Institute at SII. Within two years, the company produced its first therapeutic anti-tetanus serum. By 1989, his company had a diverse portfolio of DTP vaccine, which protects children from diphtheria, tetanus and pertussis, anti-snake-venom serum for snakebites and measles vaccine. A year later, SII became the country’s largest vaccine manufacturer. Supplying to every second vaccinated child in the world It was time to expand their business offshores. In 1994, Serum Institute got accredited by the World Health Organization (WHO) for supplying vaccines to U.N. Agencies such as UNICEF (United Nations Children’s Fund) and PAHO (Pan American Health Organization). By 1998, Serum Institute was exporting vaccines to over 100 countries and by the year 2000, one out of every two children in the world was vaccinated with an SII dose. The vaccine king’s wealth grew the <a href="https://economictimes.indiatimes.com/magazines/panache/cyrus-poonawalla-enters-top-100-rich-list-his-wealth-grows-fifth-fastest-in-the-world-during-coronavirus-pandemic/articleshow/76543094.cms?from=mdr">fastest </a>among India’s billionaires during the COVID-19 pandemic and SII became a household name. His home-grown business gained international recognition after they struck a deal with Oxford University’s Jenner Institute. SII then went on to strike at least four more global partnerships with biotech companies. <div type="image" title="serumII" msid="91766062" hostid="261" caption="&amp;lt;p&amp;gt;Serum Institute of India&amp;#39;s financials &amp;lt;/p&amp;gt;"></div> His son, Adar Poonawalla is at the helm of the company now. Junior Poonawalla joined his family business in 2001 and today, he runs the day-to-day operations as company ceo and is the <a href="https://www.forbesindia.com/article/take-one-big-story-of-the-day/his-father-built-a-vaccine-empire-adar-poonawalla-is-now-busy-diversifying-it/73375/1">fifth </a>richest person in India. <div type="image" title="Vaccine giant Serum Institute of India plans African plant in global expansion" msid="91764213" hostid="261" caption="&amp;lt;p&amp;gt; Junior Poonawalla joined his family business in 2001&amp;lt;br /&amp;gt;&amp;lt;/p&amp;gt;"></div> Expansion to renewable energy, real estate and more Along the way, Senior Poonwalla also expanded his business portfolio into newer areas such as real estate, finance, renewable energy solutions, hospitality, and aviation. But, Serum Institute continues to bring in the lion’s share of his income. While he built his business empire, his passion for sports and luxurious cars has not waned. <div type="image" title="Cryus and his car" msid="91764182" hostid="261" caption="&amp;lt;p&amp;gt;Padmashree Cyrus Poonawalla with his new Ferreri car outside his palace in Pune in 2013&amp;lt;/p&amp;gt;"></div> Today, his collection includes Rolls-Royce cars, Bentleys and Ferrari F430. It is his love for affordable vaccines, sports cars and horse racing - that make Poonawalla a man of diverse interests.

The success story of Cyrus Poonawalla: The vaccine king who is one of the world’s richest billionaires

<ul><li>Half of the billionaires, including Mukesh Ambani, Radhakishan Damani, Gautam Adani, Cyrus Poonawalla, saw significant gains in their wealth. </li><li>The biggest percentage gainer was 67-year old Kiran Mazumdar-Shaw, Biocon founder and the second richest woman in India. </li><li>While Biocon has joined the race to discover the vaccine, Shaw was not immune to COVID-19. She tested positive in August and recovered in a fortnight. </li></ul>India’s super-rich club of 100 people has added nine new faces and about $88 billion collectively during the coronavirus pandemic — which is assumed to be far worse than the Great Depression. Half of the billionaires, including Mukesh Ambani, Radhakishan Damani, Gautam Adani, Cyrus Poonawalla saw significant gains — taking the collective net worth of 100 billionaires to $517.5 billion, <a href="https://www.forbes.com/sites/naazneenkarmali/2020/10/07/indias-100-richest-2020-collective-net-worth-of-countrys-richest-rose-14-despite-pandemic/#2cf4d5e93da4">Forbes reported. </a> The biggest percentage gainer was 67-year old Kiran Mazumdar-Shaw, Biocon founder and the second richest woman in India. Her wealth has nearly doubled from $2.38 billion in 2019 to $4.6 billion in 2020 — a whopping 93.28% gain among India's 100 richest. She is one of the only five women billionaires in India. <keyword id="55796" type="PERSON" weightage="20" keywordseo="Kiran-Mazumdar-Shaw">Kiran Mazumdar Shaw</keyword> started her Indian-based pharma company about 42 years ago with merely two employees and $500 funds. However, it was not until 2014 that her company became a publicly-traded entity. It touched the $1billion mark on the very day it listed. Over the past decade, Biocon has grown by leaps and bounds to become a $5 billion company. In just the last 12 months, Biocon’s share price has surged 99% from ₹233 in October 2019 to ₹464.70 currently. <div type="image" title="Biocon11" msid="78569590" hostid="261"></div> While her company has joined the race to discover a vaccine to fight the virus, Shaw wasn’t immune to it. On August 16, she tested positive for COVID-19 and recovered 15 days later. Shaw has been vocal about leveraging science to contain the virus. Three months after coronavirus broke out in India, Biocon announced that it would launch biologic drug Itolizumab for the treatment of moderate to severe COVID-19 patients at a price of around ₹8,000 per vial. The pharmaceutical is set to begin the phase-4 trials of the potential drug. Well, Shaw might have gained the most, but Mukesh Ambani’s record gains have left everyone behind. He remains India’s richest man for the 13th year in the running and leads by a large margin. Ambani added $37.3 billion to his fortune, thanks to the trail of investments in Reliance Jio and his retail venture. Jio alone got $20 billion investments from investors like Google, Facebook, and Microsoft. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tcs-beats-accenture-to-become-the-worlds-most-valuable-it-services-company/articleshow/78566487.cms">TCS beats Accenture to become the world’s most valuable IT services company — but this not the first time it has raced ahead</a>

India’s second richest woman nearly doubles her wealth to $4.6 billion during the COVID-19 pandemic

<ul><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival</a> is one of the world's most prestigious events which will be live from Oct 19-23.</li><li>While nobel laureates, some of the biggest political and corporate icons will provide thought leadership, it's a great platform to network with CXOs from around the world.</li><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival 2020</a> is presented by <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://aws.amazon.com/" data-type="tilCustomLink">AWS</a>.</li><li>Get your tickets now from <a href="https://in.bookmyshow.com/events/business-insider-global-trends-festival/ET00137578" data-type="tilCustomLink">BookMyShow</a>.</li></ul> Scaling new heights comes easily for serial entrepreneur Vani Kola. After all, she had climbed Mount Kilimanjaro a decade back. However, she is better known for her penchant to start, grow and sell companies in the Silicon Valley. What got this middle-class engineering graduate from Hyderabad to make a mark in Silicon Valley is pure grit and determination. As the founder of RightWorks, a web enterprise computing company in the 90s, she sent her pitches to Fortune 500 CEOs on a <a href="https://www.rediff.com/news/2000/jan/22us1.htm">large sized cardboard</a>. It’s too big to throw away and impossible to crumble! She later sold the company for a whopping $657 million in 2000, and repeated the same success story with yet another company she founded, Certus Software. In 2006, Kola made a life-changing decision to come back to India. It was tough since she has been living there for 22 years with her husband Srinivas Kola with whom she travelled to the US for masters degree, and two daughters. But Kola who is now based out of Bangalore, during a visit to India and saw ‘how much’ it had changed since she left it. A cab ride that brought her back home The epiphany came when she was taking a cab ride. Her cabbie told her that he is planning to take his family to Bangkok for a holiday, which shocked her. “I have never heard my own father (who is an accountant) say that he has been working hard and needs a vacation,” she said in an <a href="https://www.business-standard.com/article/specials/meet-venture-capital-pioneer-vani-kola-115030500583_1.html">interview to Business Standard</a>. After looking at how consumer behaviour was changing and that India was ripe for innovation, she set up Indo-US Venture Partners in 2006 with yet another serial entrepreneur Vinod Dham and former head of Intel India Kumar Shiralgi. The venture went through management changes to be rebranded in 2011 as Kalaari Capital, named after Kerala-based ancient martial art form Kalaripayat. Breaking the boy’s club Since inception, Kalaari Capital has invested in many e-commerce firms like Snapdeal, Myntra and Urban Ladder. Among her top investments are YourStory, Dream11 and Curefit. Among her top investments and exits is one of India’s first online lingerie stores, Zivame. In the founder of the startup, Richa <a href="https://www.business-standard.com/article/specials/meet-venture-capital-pioneer-vani-kola-115030500583_1.html">Kar’s own words</a>, Kola had grasped the concept in half an hour. With others, it would have taken two weeks across many meetings. It also helped that Kola was one of those rare women in the boy’s club of venture capitalists, and she was the first that Kar came across. Even now, the number of women who seek investments from Kalaari are a mere two percent of the total number. Yet, Kola believes things will change. In the 1980s, she was part of another boys club, called engineering. She was amongst one of the six girls in a batch of 400! Now the ratios are much well balanced and these women, she hopes will become CEOs, investment bankers and also venture capitalists and the so-called boys club will not remain so anymore. SEE ALSO: <a href="https://www.businessinsider.in/business/news/india-has-its-eyes-and-hopes-pinned-on-adar-poonawalla-the-worlds-biggest-vaccine-maker-who-will-be-at-gtf-2020/articleshow/77977949.cms" data-type="tilCustomLink">India has its eyes and hopes pinned on Adar Poonawalla⁠⁠— the world’s biggest vaccine maker who will be speaking at the Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/business/news/the-leadership-from-asia-and-india-in-particular-will-be-at-the-heart-of-global-trends-festival-2020/articleshow/77971081.cms" data-type="tilCustomLink">The leadership from Asia, and India in particular, will be at the heart of Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/business/news/largest-global-event-in-2020-trends-festival/articleshow/77461047.cms" data-type="tilCustomLink">Business Insider's Global Trends Festival is coming to India — and it's gonna be huge!</a> <a href="https://www.businessinsider.in/international/news/reed-hastings-to-speak-at-the-business-insider-global-trends-festival/articleshow/77550576.cms" data-type="tilCustomLink">Reed Hastings to speak at the Business Insider Global Trends Festival</a>

Meet Vani Kola, the unicorn hunter, at Global Trends Festival 2020

In 2020, there were only four Indians in the global top 100 rich list, now there are seven

<ul><li>The <keyword id="13401361" type="General" weightage="100" keywordseo="hurun-global-rich-list-2022" source="Orion">Hurun Global Rich List 2022</keyword> shows there are four new Indians in the Top 100, with a cumulative wealth of $97 billion.</li><li>This includes Serum Institute’s <keyword id="29334" type="General" weightage="20" keywordseo="cyrus-poonawalla" source="Orion">Cyrus Poonawalla</keyword>, and <keyword id="6505089" type="General" weightage="20" keywordseo="radhakishan-damani" source="Orion">Radhakishan Damani</keyword>.</li><li>Overall, there are 119 Indian billionaires in the <keyword id="2721202" type="General" weightage="20" keywordseo="hurun-global-rich-list" source="Orion">Hurun Global Rich List</keyword> 2022, with a total wealth of $474 billion.</li></ul>The <keyword id="1846161" type="General" weightage="20" keywordseo="hurun" source="Orion">Hurun</keyword> Global Rich List 2022 is out now and there are several new entrants from India in the top 100, including Serum Institute’s Cyrus Poonawalla to Radhakishan Damani whose company owns the DMart chain of supermarkets. Together, there are four new entrants in the Top 100 in the Hurun Global Rich List 2022. Serum Institute’s Cyrus Poonawalla tops the list of Indians with a net worth of $26 billion, followed closely by ArcelorMittal’s <keyword id="150483" type="General" weightage="20" keywordseo="lakshmi-nivas-mittal" source="Orion">Lakshmi Nivas Mittal</keyword> at $25 billion. <cmsannotation type="cmsannotation" annotationid="Hurun Global Rich List 2022 – New entrants in Top 100 from India" comment="subhead" text="Hurun Global Rich List 2022 – New entrants in Top 100 from India">Hurun Global Rich List 2022 – New entrants in Top 100 from India</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Rank </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Name </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net worth </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Age (years) </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">55 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Cyrus Poonawalla </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">$26 billion </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Serum Institute of India </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">80 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">60 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Lakshmi Nivas Mittal </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">$25 billion </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">ArcelorMittal </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">71 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">67 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Radhakishan Damani &amp; family </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">$23 billion </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Avenue Supermarts </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">66 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">67 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">SP Hinduja &amp; family </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">$23 billion </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Hinduja </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">86 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Source: Hurun Global Rich List 2022 Together, these four new entrants have a cumulative net worth of $97 billion, which is a fifth of the cumulative wealth of the 119 Indian billionaires in the Hurun list. Overall, there are 24 new entrants in the Top 100 in the Hurun Global Rich List 2022. India ranked third in the list of total self-made billionaires in the world, with 119 billionaires accounting owning a cumulative wealth of $474 billion. China is still the first with 1,050 billionaires owning $3,756 billion in wealth, with the US at the second position with 523 billionaires owning $3,554 billion in wealth. The Hurun Global Rich List 2022 report ranked a total of 3,381 billionaires from 2,557 companies and 69 countries. The Gautam Adani family, Larry Page and Sergey Brin were the biggest gainers this year. More specifically, Gautam Adani topped the charts, adding ₹6,000 crore (approx. $800 million) to his wealth every week. In total, he added $49 billion to his wealth. Mukesh Ambani made a relatively modest gain of $20 billion, but he remains the richest Indian in the list with a total wealth of $103 billion. Gautam Adani comes in second with a wealth of $81 billion. SEE ALSO: <a href="https://www.businessinsider.in/business/news/hurun-rich-list-gautam-adani-larry-page-mukesh-ambani-and-others-who-made-the-most-money-in-2022/slidelist/90272552.cms">Hurun Rich List — Gautam Adani, Larry Page, Mukesh Ambani and others who made the most money in 2022</a> <a href="https://www.businessinsider.in/tech/news/facebook-removes-zelenskyy-deepfake-video-that-called-on-ukrainian-soldiers-to-surrender/articleshow/90280786.cms">Facebook removes Zelenskyy 'deepfake' video that called on Ukrainian soldiers to surrender</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-reliance-announced-a-partnership-with-sanmina-a-us-based-electronics-manufacturer/articleshow/89960792.cms">Reliance teams up with US-based Sanmina to create a high-tech electronics manufacturing hub in India</a>

Hurun Global Rich List 2022 – From Cyrus Poonawalla to Radhakishan Damani, here are the new entrants in Top 100 from India

ealth 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 real time Forbes data on 11 October 2021. 1. Mukesh Ambani - $102 billion The wealthiest person in India, Mukesh Ambani of Reliance Industries occupies the Tenth slot in the world’s richest persons’ list. Mukesh Ambani has a net worth of $102 billion. Much of Mukesh’s wealth ensues from the petrochemicals and oil and gas businesses built by his father Dhirubhai Ambani ⁠— a business icon in his own right— but Mukesh is pivoting to more consumer-facing businesses like telecom and retail. Reliance Jio is one of the largest telecom networks in India today and has <a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-jio-compared-to-alibaba-and-tencent/articleshow/77059624.cms">already raised over $20 billion in recent months</a> and the next leg of fundraising <a href="https://www.businessinsider.in/business/news/mukesh-ambani-next-goal-seems-to-be-the-retail-king-of-india/articleshow/76953716.cms">will be for retail</a>. 2. Gautam Adani - $71.7 billion Gautam Adani’s net worth as per the latest forbes records is $71.7 billion. He is the Second <keyword id="7413735" type="General" weightage="20" keywordseo="richest-person-in-india" source="Orion">richest person in India</keyword> and ranks 15 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 - $31.5 billion With his $31.5 billion estimated net worth, Shiv Nadar ranks as the third richest person in India. HCL Technologies founded by him is a (₹) 274826 crore (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 41th slot in the list of world’s richest persons. 4. Radhakishan Damani &amp; Family - $ 22.1 billion Radhakishan Damani’s net worth of $22.1 billion, which makes him the fourth richest person in India today. He occupies the 101 position in the global rich list. Radhakishan Damani is a veteran Mumbai stock market investor who founded <a href="https://www.businessinsider.in/business/news/radhakishan-damani-has-a-string-of-challenges-ahead-of-him-and-falling-profits-at-dmart-dont-help/articleshow/76936913.cms">the supermarket chain DMart </a>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 Supermarts more profitable than many of its peers. 5. Savitri Jindal &amp; Family - $18.6 billion Standing at the 106th position in the world and the richest woman in India is Savitri Jindal, the 70-year-old chair of a multibillion dollar conglomerate, who's worth $18.6 billion. India's women billionaires also include the heads of pharmaceutical, software, and consumer goods companies. 6. Cyrus Poonawalla - $18.2 billion Ranked as the 6th wealthiest person in India, Cyrus Poonawalla has a net worth of $18.2 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 <a href="https://www.businessinsider.in/science/health/news/adar-poomawala-says-oxfords-covid-vaccine-is-expected-to-hit-the-indian-market-in-the-first-quarter-of-2021/articleshow/77107541.cms">significant lead over other similar researches that are underway</a>. In the world’s wealthiest persons list he ranks in the 110th position. 7. Lakshmi Mittal - $ 17.6 billion The Chairman and CEO of ArcelorMittal, Sunil Mittal has a net worth of $17.6 billion and ranks as the Seventh richest person in India. His wealth status positions him in the 115 place on the world’s richest persons list. He is known for turning sick steel producing companies into profitable ventures across the world. He most recently bagged the bankrupt Essar Steel in India, which was owned by the Ruia family. 8. Kumar Birla - $16.1 billion Standing at the 131th position in the world’s richest persons’ list, Kumar Birla has a net worth of $16.1 billion, which makes him the Eighth 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. 9. Uday Kotak - $16.1 billion The founder of Kotak Mahindra Bank, Uday Kotak, occupies the fifth position on the list of India’s richest. With a net worth of $16.1 billion, Kotak takes 132nd place on the world’s richest persons’ list. 10. Dilip Shanghvi - $14.4 billion The tenth richest person in India is Dilip Shanghvi whose latest net worth is $14.4 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 146th position. See Also - <a href="https://www.businessinsider.in/business/news/top-10-richest-people-in-the-world/articleshow/74415117.cms">Top 10 richest people in the world</a> <a href="https://www.businessinsider.in/top-10-largest-economies-in-the-world/articleshow/70547252.cms">Top 10 largest economies in the world</a> <a href="https://www.businessinsider.in/finance/news/list-of-top-20-richest-people-in-the-world/articleshow/74475220.cms">Top 20 richest people in the world</a>

Meet the top 10 richest person in India

US-based biotechnology company <keyword id="323030" type="COMPANY" weightage="20" keywordseo="Novavax">Novavax</keyword>'s protein-based vaccine has shown overall 90 per cent efficacy against Covid-19, results of Phase-3 trials have shown. The vaccine NVX-CoV2373 is already being locally manufactured by the company's <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> partner Pune-based <keyword id="95879" type="COMPANY" weightage="20" keywordseo="Serum-Institute-of-India">Serum Institute of India</keyword> (SII) under the brand name Covovax. In the US-based Phase-3 trials, NVX-CoV2373 also demonstrated 100 per cent protection against moderate and severe disease. "Today, Novavax is one step closer to addressing the critical and persistent global public health need for additional Covid-19 vaccines. These clinical results reinforce that NVX-CoV2373 is extremely effective and offers complete protection against both moderate and severe Covid-19 infection," said Stanley C Erck, President and Chief Executive Officer, Novavax, in a statement. "Novavax continues to work with a sense of urgency to complete our regulatory submissions and deliver this vaccine, built on a well understood and proven platform, to a world that is still in great need of vaccines," Erck added. In August 2020, Novavax and SII announced an agreement under which the US biotechnology company had given SII the licence to manufacture and supply the vaccine in low- and middle-income countries. In March 2021, CEO <keyword id="383467" type="PERSON" weightage="20" keywordseo="Adar-Poonawalla">Adar Poonawalla</keyword> said Covovax will be launched by September this year. "Covovax trials finally begin in India; the vaccine is made through a partnership with Novavax and Serum Institute of India," said Adar Poonawalla. "Hope to launch by September 2021!" the CEO of the world's biggest Covid-19 vaccine maker said. The US-based Phase-3 trials began in December 2020 and enrolled 29,960 participants across 119 sites in the US and Mexico to evaluate efficacy, safety and immunogenicity, with an emphasis on recruiting a representative population of communities and demographic groups most impacted by the disease. The study "confirms that NVX-CoV2373 offers a reassuring tolerability and safety profile", said Gregory M Glenn, MD, President of Research and Development, Novavax. The company will file for regulatory authorisations in the third quarter. After receiving the approvals, Novavax will reach a manufacturing capacity of 100 million doses per month by the end of the third quarter and 150 million doses per month by the end of the fourth quarter of 2021, the statement said. NVX-CoV2373 was created using Novavax' recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is formulated with Matrix-M adjuvant to enhance the immune response and stimulate high levels of neutralising antibodies. It contains purified protein antigen and can neither replicate, nor can it cause Covid-19. The vaccine can be stored at 2 to 8 degrees Celsius, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials. The two-shot vaccine is also being evaluated in Phase 3 trials in the UK that demonstrated efficacy of 96.4 per cent against the original virus strain, 86.3 per cent against the B117 (Alpha) variant and 89.7 per cent overall. It is also being tested in two ongoing Phase 2 studies that began in August 2020: A Phase 2b trial in South Africa that demonstrated 55 per cent efficacy overall in HIV-negative participants and 48.6 per cent efficacy against the B1351 (Beta) variant, and a Phase 1/2 study in the US and Australia. The company is also conducting trials in adolescents between ages 12 and 18. SEE ALSO <a target="_blank" class="c-link" href="https://www.businessinsider.in/stock-market/news/adani-group-under-sebi-scanner-on-market-manipulation/articleshow/83501698.cms">Gautam Adani loses over $7 billion in net worth after questions over the meteoric rise in group stocks</a> <a target="_blank" class="c-link" href="https://www.businessinsider.in/stock-market/news/adani-group-pnb-coal-india-tcs-and-other-stocks-to-watch-out-for-on-june-14/slidelist/83499937.cms">Adani group, PNB, Coal India, TCS and other stocks to watch out for on June 14</a> <a target="_blank" class="c-link" href="https://www.businessinsider.in/cryptocurrency/news/weekly-crypto-roundup-wazirx-under-scrutiny-el-salvador-makes-bitcoin-legal-tender-and-more/slidelist/83478577.cms">Weekly crypto roundup: WazirX under scrutiny, El Salvador makes Bitcoin legal tender and more</a>

US-based biotechnology company Novavax’s COVID-19 shot is 90% effective

<keyword id="7706673" type="General" weightage="20" keywordseo="finance-minister-nirmala-sitharaman" source="Orion">Finance Minister Nirmala Sitharaman</keyword> on Friday asked the Indian industry to be prepared against "tariff walls" which are likely to be imposed by nations undertaking green transitions, on <keyword id="162090" type="General" weightage="20" keywordseo="indian-exports" source="Orion">Indian exports</keyword>, especially steel products. "Many nations want to fund their <keyword id="8445756" type="General" weightage="20" keywordseo="green-transition" source="Orion">green transition</keyword> and are imposing tariff walls on products from other nations. If we export steel to such places, it is likely to face this tariff wall or tax for green transition. Indian industry needs to reset itself accordingly," she said while addressing the industry body FICCI's annual general meeting (AGM). Sitharaman further noted that with many European nations looking to relocate to other countries for setting up manufacturing facilities, out of China, India should look to make use of this opportunity and present itself as a viable manufacturing hub for Europe. She urged the industry to prepare strategies for bringing manufacturers to India. The minister said that during the tenure of India's G20 presidency, Government would showcase the country as a destination to go for, to investors from G20 nations, especially for manufacturing. Stating that India continues to remain a resilient economy amid fluid geopolitical situation, Sitharaman quoted World Economic Forum's data, saying that by 2030, there would be 140 million middle income households and 14 million high net worth households in the country. This, she highlighted, shows the scale of India's growth in the future. In this context, the focus of the industry should be on widening the technological growth, making use of the robust framework provided by the Government, the finance minister suggested. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/wipro-zee-entertainment-ril-among-stocks-to-watch-out-today/articleshow/96269120.cms" style="">Indian markets open in the red amid weak global cues – Wipro, Zee Entertainment, RIL among stocks to watch out for</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tpg-to-acquire-adar-poonawalla-led-groups-housing-finance-arm-at-3900-crore-valuation/articleshow/96256578.cms" style="">TPG to acquire Adar Poonawalla-led group’s housing finance arm at ₹3,900 crore valuation</a>

Be prepared for export tariff walls by nations undergoing green transition: FM Nirmala Sitharaman

According to Forbes, there are around 2,755 billionaires in the world in 2022. Majority of these affluent people are the founders of technology firms. A major portion of their wealth is found invested in these enterprises as publicly traded stocks. Therefore, the richest persons’ net worth is often subjected to fluctuations as per the changing market valuations. Below is the list of <keyword id="8030144" type="General" weightage="20" keywordseo="top-10-richest" source="Orion">top 10 richest</keyword> persons in the world as per the stats gathered in June 2022 from forbes real time Billionaire Index. #1. Elon Musk The richest man of the world in February 2022, the technology entrepreneur is the chief executive officer (CEO) and cofounder of Tesla. The total value of his 17% stake in this firm is around $153 billion. His net worth stands at a whopping $215.6 billion consisting of investments in space exploration technologies, private assets of $40.3 billion and $3.9 billion in cash. Tesla shares soared by about 340% in 2020 propelling Musk’s wealth to top rankings. In December 2020, Tesla figured into the list of S&amp;P 500 and became the largest company in this category. #2. Bernard Arnault Bernard Arnault’s net worth stands at an impressive $139.1 billion putting him second in the list of top richest persons in the world in 2022. He has 97.5% stake in Christian Dior ownership valued at $126 billion. His other assets are a $24.4 billion public asset in Moelis&amp; Company equity, an undisclosed stake in Hermes equity, and $10.9 billion in cash. He is the chair and CEO of LVMH, the largest company in the luxury goods sector. #3 Jeff Bezos The founder and executive chair of Amazon Jeff Bezos tops the richest persons list in third place with his $133.4 billion net worth. He has a 10% stake in Amazon valued at $153 billion. His other assets include $9.15 billion private company stake in Blue Origin, The $250 million private asset in The Washington Post, and $15.6 billion in cash. Amidst the Covid-19 pandemic, the demand for online shopping soared leading to a 76% jump in Amazon’s share price. #4. Bill Gates Bill Gates occupies the fourth place in the richest person’s list with his $122.4 billion net worth in 2022. His 1.3% ownership in Microsoft is valued at $30.8 billion. He also has $55.9 billion in public and private assets in Cascade Investment LLC, and $55.3 billion in cash. Cascade’s privately held investment is distributed across Deere, Republic Services, Canadian National Railway and a portfolio of private investments in energy and real estate. #5. Warren Buffet Warren Buffet claims the fifth place among the world’s richest persons in 2022 with his $100.9 billion net worth. His 16% stake in Berkshire Hathaway is estimated at $114 billion. His other assets include $1.1 billion in cash. Warren Buffet is the most popular living value investor known as ‘Oracle of Omaha”. He builds his fortune by acquiring the firms that are undervalued. Industry experts find him a Bitcoin skeptic. #6. Gautam Adani &amp; Family #7. Mukesh Ambani The seventh place in the list of world’s richest persons is claimed by Mukesh Ambani, the most popular Indian entrepreneur with his $96.6 billion net worth. His 45% stake in Reliance Industries is valued at $88.9 billion. He too has $410 million private asset as investment in Mumbai residential property. The Chairman and Managing Director of Reliance Industries which has its presence in telecommunications and retail selling. He is also a member of the board of the World Economic Forum. #8. Larry Ellison The eighth in the list of world’s richest persons in 2022 is Larry Ellison, the CT|O, Chair and Co-founder of Oracle. He has a net worth of $94.6 billion and his 40% ownership stake in Oracle is valued at $63.3 billion. His other assets are $13.1 billion public asset in Tesla equity and $17.3 billion in cash and real estate investment. #9. Larry Page The ninth place in the richest person’s list in 2022 is secured by Larry Page, The Board-member and co-founder of Alphabet. His net worth is estimated at $120 billion and his 6% stake in Alphabet is worth $105.7 billion. His other assets include $14.6 billion in cash. In 2021, Google’s shares soared by around 50% pushing Page’s name to the billionaire list. Larry was also among the early investors in the space exploration and asteroid-mining company Planetary Resources. #10. Sergey Brin Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. The California based technology entrepreneur is the Board member and co-founder of Alphabet. The value of his 6% stake in Alphabet is worth $100.5 billion. He too has an asset of $14.7 billion in cash. Born in Russia, Sergey Brin moved to the U.S as a 6 year old boy with his family, co-founding Google with Larry Page in 1998. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/top-10-richest-people-in-india-in-2021-22-as-per-hurun-list/slidelist/90282882.cms">Top 10 richest people in India as per Hurun List</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/india-at-third-position-after-us-and-china-in-creating-self-made-billionaires/slidelist/90282839.cms">India among top three countries in creating self-made billionaires</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/cyrus-poonawalla-radhakishan-damani-and-other-two-billionaire-entrants-in-top-100-from-india-in-2022/articleshow/90282154.cms">Hurun Global Rich List 2022 – From Cyrus Poonawalla to Radhakishan Damani, here are the new entrants in Top 100 from India</a>

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Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one

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Gautam Adani: Man of the year

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Gautam Adani, Mukesh Ambani account for 59% of India’s top 10 billionaires’ wealth

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Cyrus Poonawalla, India’s vaccine king, multiplied his wealth nearly 5 times in a decade

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The success story of Cyrus Poonawalla: The vaccine king who is one of the world’s richest billionaires

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India’s second richest woman nearly doubles her wealth to $4.6 billion during the COVID-19 pandemic

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Meet Vani Kola, the unicorn hunter, at Global Trends Festival 2020

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In 2020, there were only four Indians in the global top 100 rich list, now there are seven

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Hurun Global Rich List 2022 – From Cyrus Poonawalla to Radhakishan Damani, here are the new entrants in Top 100 from India

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US-based biotechnology company Novavax’s COVID-19 shot is 90% effective

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Top 10 richest persons in the world in 2022

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