The combined wealth of billionaires increased by nearly 26 percent to $750 billion, the report said. In addition, India’s top 10 richest people added a third more wealth than they did a year ago.
Chairman of Reliance Industries Mukesh Ambani Remains the richest man in Asia. He is also the 10th richest person in the world with a net worth of $90.7 billion.
Adani Group Head gautam adani He added nearly $40 billion to his fortune to become the second richest man in Asia.
“Both Ambani and Adani are leading India in green energy and plan to invest billions of dollars over the next decade,” the report said.
The IT sector showed a strong performance during the year, with record revenues of $200 billion.
HCL Technologies Chairman Shiv Nadar saw his wealth rise by 22 per cent and retained his position as the third richest person in India.
The report further showed that Cyrus Poonawalla of Serum Institute nearly doubled his wealth to $24.3 billion and moved up four places to No. 4.
Savitri Jindal, honorary chairperson of OP Jindal Group, a steel and power conglomerate named after her late husband, entered the top 10 richest person this year. He is at number 1 with a net worth of $17.7 billion. 7.
Nykaa CEO Falguni Nair became India’s richest self-made woman after her company got listed on the stock exchange. She became one of the 29 new faces forbes rich list,
In addition, more than 60 companies raised $15.6 billion through IPOs last year.