With $49 billion, Gautam Adani has the highest net worth in last one year: Hurun report

Adani is the second richest Indian and Asian with a net worth of $81 billion after Reliance Industries Limited Chairman and Managing Director Mukesh Ambani.

With $103 billion, Ambani is the only Indian to enter the top 10 of the 2022 M3M Hurun Global Rich List. His wealth has registered a growth of 24% in the last one year.

Globally, there were 3,381 billionaires in the world, which is 153 more than a year ago. The report also showed that despite the Russo-Ukraine war and the continued COVID-19 impact, the net worth of global billionaires grew by 4% in the past year to $15.2 trillion.

Notably, Falguni Nair, the founder of Nykaa, was the richest new entrant in the Hurun Global Rich List 2022 with a net worth of $7.6 billion.

The report further stated that with 215 billionaires living in India and 58 newcomers, the country remains the third largest billionaire producer in the world. If billionaires of Indian origin are added, then this number increases to 249. China has 1,133 billionaires, nearly five times more than India, while the US has 716 billionaires.

“India’s billionaires are doubling every five years, now there are over 200 in India. Interestingly, compared to five years ago, the proportion of non-residents in the rich list of 2022 has almost halved as compared to onshore billionaires,” said Anas Rehman Junaid, managing director and lead researcher, Hurun India.

Over the past 10 years, Indian billionaires have added nearly $700 billion to their cumulative wealth, which is equal to the Gross Domestic Product (GDP) of Switzerland and twice the GDP of the United Arab Emirates.

In terms of city-specific breakdown, Mumbai was home to 72 billionaires, followed by New Delhi at 51 and Bengaluru at 28.

Individually, Cyrus S Poonawalla of the Cyrus Poonawalla Group, which includes the Serum Institute of India, ranked 55th, was the world’s richest healthcare billionaire, improving 72 ranks over the past five years. Poonawalla’s wealth grew 41% to $26 billion. Poonawalla has secured more than 500 ranks in the last 10 years.

With a net worth of $23 billion, Radhakishan Damani and the founding family of DMart jumped 93 positions to enter the global top 100 for the first time. Following its spectacular initial public offering (IPO) in 2017, the market capitalization of Avenue Supermart (owner of DMart) grew by 7.2x, enabling it to break into the top 100.

Additionally, with a net worth of $9.7 billion, Ashwin S. Dani & Family was ranked 269th, world’s richest paint entrepreneur, jumping 113 ranks last year. Dani is the non-executive chairman of Asian Paints Limited.

Also, Lakshmi N Mittal of ArcelorMittal, with a net worth of $25 billion, is the wealthiest Indian immigrant.

The year 2021 was also a turning point for India’s startup ecosystem, which saw major IPOs including four companies on the Hurun Global Unicorn Index.

The report showed that Byju Raveendran and family, ranked 1083, were the third richest entrepreneurs in the education sector in the world, jumping 916 ranks over the past two years, and with a net worth of $3.3 billion.

Interestingly, crypto has produced 17 ‘known’ billionaires globally, led by Singapore-based CZ Changpeng Zhao, with $23 billion from crypto exchange Binance, up from $15 billion and FTX’s Sam Bankman-Fried. With $21 billion, $11 billion has been generated. Last year, US-based Coinbase founder Brian Armstrong dropped to third place with $10 billion.

The full M3M Hurun Global Rich List will be released on Thursday.

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