The slowdown in the economy has also affected the wealth of the country’s biggest rich. The wealth of 100 Dhankubers of the country has fallen by 8%. However, Mukesh Ambani, the owner of Reliance Industries, remained the richest Indian for the 12th consecutive year, while Gautam Adani, the head of the Adani Group, rose to second place with a long jump.
The list released by Forbes India on Friday said that Mukesh Ambani is the richest Indian for the 12th consecutive year with assets of $ 51.4 billion. Ambani’s wealth has increased by $ 4.1 billion with the help of Jio’s good performance in the telecom sector. Mukesh Ambani’s younger brother Anil Ambani has not been able to make the list.
Adani’s long jump
Infrastructure sector veteran Gautam Adani has jumped number 8 this year and has become the second richest Indian. His total assets are $ 15.7 billion. While Adani has ventured into the coal business in Australia, he has expanded the business from airports to data centers.
These traders from third to fifth position
In third place is Hinduja Brothers, whose total assets are stated to be $ 15.6 billion. Palonji Mistry ($ 15 billion) is at number four, followed by banker Uday Kotak ($ 14.8 billion) at number five.
Azim Premji slips to number 17 after donation
The wealth of more than half of the members included in the list has declined, with 14 of them losing more than $ 1 billion. This year the wealth of the 100 biggest rich has come down by 8% from the previous year ($ 452 billion). However, a major contribution to this decline is the donations made by Azim Premji. After donating a large part of his wealth in March, Azim Prem ji has dropped from the second place to number 17 on this list. Acharj Balakrishna’s wealth has declined by more than two-thirds due to decrease in sales of Patanjali Ayurved.