Gautam Adani and Mukesh Ambani hold 59% of the wealth of India’s top billionaires

• Gautham Adani became the richest Indian man last year, beating Mukesh Ambani by Rs.30 lakh to add Rs.5 billion to his fortune.
• Adani added Rs 1,612 crore to its assets daily. This is almost eight times more than his Ambani which he added Rs 2.1 crore per day in the past year.
• Overall, the top 10 richest people in India have a total wealth of around Rs 3.2 crore, of which Adani and Ambani account for nearly 60%.

Gujarat-based billionaire Gautam Adani became India’s richest person last year, adding Rs 5 billion to his fortune, according to the IIFL Wealth Hurun India Rich List 2022 .

In 2021, the founder of Adani Group had a lead of Rs 2 crore over Mukesh Ambani. He currently outperforms Ambani by Rs 300,000. The report calls it a ‘5 crore catch-up’.

Adani has total assets of Rs 10.94 crore and added Rs 1,612 crore per day last year, the release said.

“In terms of wealth creation in India, 2022 will be remembered for the meteoric rise of Adani. He is the only Indian to set up not one but seven companies with a total value of Rs 10 million.Hurun India, Chief Scientist.

The rapid rise in value of his seven listed companies (now nine plus Ambuja Cements and ACC) allowed Adani to overtake Ambani.

“In 2012, Adani’s fortune was only one-sixth of Ambani’s and no one could have imagined that he would overtake Ambani to become India’s richest man within a decade,” Junaid said. I was.

The report also says India has newly added No. 2 Gautam Adani to the Hurun Global Rich List. Adani’s profits have also helped boost the overall wealth of Indian billionaires.

“The IIFL Wealth Hurun India Rich List 2022 cumulative wealth growth is only 2.67% excluding Adani compared to 9% overall,” Mr Junaid said.

As many as 149 individuals were registered on the IIFL Hurun India Rich List of 1,103. All of which he has assets of over 1,000 kroner. In total they have assets of Rs 100 crore.

Adani is also the second richest person in the world, with a total fortune of $150 billion, according to the Bloomberg Billionaires Index.

Mukesh Ambani drops to second

After holding India’s richest tag for a decade, Mukesh Ambani has dropped to second place on this year’s list with a fortune of Rs 7.94 crore.

Despite being dethroned number uno Ambani’s assets grew 11% last year. During this period, he added Rs 210 crore daily to his net worth, making him his second best performer after Adani.

Together, Adani and Ambani account for 59% of the total wealth of India’s top 10 richest people.

Source: IIFL Hurun India Rich List 2022

Zepto co-founder Kaivalya Vohra is youngest person on Hurun’s rich list

Zepto co-founder Kaivalya Vohra is the youngest person to appear on Hurun’s richest list at just 19 years old. According to Hurun’s release, he was 37 when he was the youngest to first appear on this list a decade ago.

Wealth creation by start-ups is immense – reports say this year’s richest list includes 100 start-up founders.

These 100 startup founders together account for a wealth of Rs 5.06 crore and have an average age of 40 years.

“Some high-profile startup IPOs have rebalanced valuation spreads between institutional and retail investors. Given the aforementioned, we believe startup wealth creation will continue.” added Junaid.

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