Mukesh Ambani, Gautam Adani retain top spots in Forbes top 100 richest Indians list

By Livemint
Mukesh Ambani

India's richest wealth has increased by 50% amid pandemic, as per Forbes with Mukesh Ambani remaining the wealthiest Indian for the 14th year in a row, since 2008. In 2021, India's top valued firm Reliance Industries' (RIL) Chairman Ambani added $4 billion to his net worth, showed Forbes list of India's richest for 2021. 

The recent stock market rally pushed the combined wealth of members of the 2021 Forbes list of India’s 100 Richest to a record $775 billion, a 50% rise in the past 12 months.

Gautam Adani continues to be the second richest Indian for the third year in a row with a $74.8 billion fortune, only $17.9 billion shy of Ambani. Adani is the biggest gainer in both percentage and dollar terms as his wealth nearly tripled during the year.

With $31 billion HCL Tech's Shiv Nadar stood at the third rank. Radhakishan Damani retained the fourth spot with his net worth nearly doubling to $29.4 billion from $15.4 billion, as his supermarket chain Avenue Supermarts opened 22 new stores in the fiscal year ending March. 

The top 10 richest in India, as per Forbes list, are: Mukesh Ambani ($92.7 billion), Gautam Adani ($74.8 billion), Shiv Nadar ($31 billion), Radhakishan Damani ($29.4 billion), Cyrus Poonawalla ($19 billion), Lakshmi Mittal ($18.8 billion), Savitri Jindal ($18 billion), Uday Kotak ($16.5 billion), Pallonji Mistry ($16.4 billion), and Kumar Birla ($15.8 billion). The full top 100 richest Indians list can be checked here.

The covid vaccination drive has helped Serum Institute of India's Cyrus Poonawalla move into the top five in the list with a net worth of $19 billion. Meanwhile, Savitri Jindal reentered the top 10 club with $18 billion.

This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies, Forbes stated.

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