Monday, 28 September 2020

Mukesh Ambani richest Indian for the ninth consecutive year


Mukesh Ambani, head of the country's most valuable company Reliance Industries Limited (RIL), Mumbai, has retained the status of the richest Indian for the ninth consecutive year. Hurun, which monitors Asia's billionaires, prepared the list in collaboration with IIFL, which was released on Tuesday.

According to this list, Mukesh Ambani's wealth has increased by 73 percent in the last one year and has reached Rs 6.58 lakh crore. According to the report, 63-year-old Ambani is among the top five Dhankubers globally this year.

According to this list of Hurun, on August 31 this year, the number of Dhankubers with a net worth of Rs 1,000 crore or more was 828. However, the number of women in them was just 40 or less than five percent. In the list, the assets of Cyrus Mistry and Shapoorji Pallonji Mistry family declined by close to one percent during one year.

The assets of both are stated to be Rs 76,000 crore each. Gautam Adani's wealth, which has shown great interest in the airport business in recent times, has risen by 48 percent in the last one year. The head of the Adani Group had assets worth Rs 1.40 lakh crore this time and he stood fourth in the list. At the same time, despite a 23 percent decline in property, the Hinduja brothers stood second with Rs 143 lakh crore.

At the same time, the assets of Shiv Nadar family of HCL increased by 34 percent to 141 lakh crore flat and this family ranked third. According to the Hurun list, Azim Premji of Wipro slipped two places to fifth with Rs 1.14 lakh crore and Cyrus Poonawala was sixth with net worth of Rs 94,300 crore. Radhakishan Damani of D-Mart managed to make it to the top 10 Indian Dhankuber this time. His assets have been reported to be Rs 87,200 crore.

Due to the tremendous performance of the IPL, the head of Happiest Minds, Ashok Suta has been included in the list of billionaires this year with a net worth of Rs 3,700 crore. Among women, Godrej's Smita Krishna leads the pack with Rs 32,400 crore. He is followed by Kiran Mazumdar-Shaw, head of Biocon, with assets of Rs 31,600 crore.

Mukesh Ambani's wealth has seen a sharp jump since April this year. The main reason for this is that RIL has sold a large stake in its digital arm Reliance Jio Platform and retail arm Reliance Retail Ventures Ltd to foreign investors.

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