How Much Money Is Rich In India

Mukesh Ambani continues to be the richest man of India for the 10th consecutive year with a wealth of ₹7,18,000 crore, according to the the IIFL Wealth Hurun India Rich List 2021. Ambani's wealth has been driven by India's top valued firm Reliance Industries' retail and telecom operations.

Meanwhile, Gautam Adani & family moved up two places to take the second richest spot in this year's list with a wealth of ₹5,05,900 crore.

Five individuals still make the India's Top 10 richest after ten years, led by Mukesh Ambani and followed by LN Mittal, Dilip Shanghvi, Kumara Mangalam Birla and Shiv Nadar. Whereas, there were four new faces in the list this year, showed the list of the 10th annual ranking of the richest individuals in India.

In a single day, Mukesh Ambani & family created a wealth of around ₹163 crore, whereas Gautam Adani & family earned around ₹1,002 crore in just one day. "Gautam Adani is the only Indian to build not one, but five INR 1 lakh crore companies," said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

Below is the snapshot of their wealth calculations as of 15th September 2021, which includes how much wealth they created on a daily basis since the last year's list was out.

Source: IIFL Wealth Hurun India Rich List

Shiv Nadar of HCL Tech retained the third rank whereas SP Hinduja & family moved down two positions to the fourth rank in the list. The Hinduja brothers saw the valuation up by 53% backed by the performance of their flagship companies such as Ashok Leyland and IndusInd Bank, whose share price went up by 74% and 61% respectively.

LN Mittal & family moved up eight positions to the fifth rank. Meanwhile, Cyrus S Poonawalla of Serum Institute of India occupies the sixth position. Poonawalla debuted the Top 100 in Hurun Global Rich List in June 2020.

With ₹1,54,300 crore, Radhakishan Damani of Avenue Supermarts, retained the seventh position in the IIFL Wealth Hurun India Rich List 2021, whereas Vinod Shantilal Adani & family moved up twelve places to eighth rank in IIFL Wealth Hurun India Rich List 2021.

As per the report, India has 237 billionaires, up 58 compared to last year.

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