Mukesh Ambani Tops 2021 Forbes List Of India’s Richest
New Delhi: With a net worth of $92.7 billion, Reliance Industries Limited (RIL) chairman Mukesh Ambani retained the top spot in the 2021 Forbes India rich list for the 14th year in a row.
Gautam Adani has retained the second spot for the third year in a row with a net worth of $74.8 billion. As per the Forbes list, the infrastructure tycoon accounted for close to a fifth of the increase in the collective wealth of India’s richest.
At No. 3 with $31 billion is Shiv Nadar, founder of software giant HCL Technologies, who saw a $10.6 billion boost in his net worth from the country’s buoyant tech sector.
Retailing magnate Radhakishan Damani retained the fourth spot with his net worth nearly doubling to $29.4 billion from $15.4 billion, as his supermarket chain Avenue Supermarts opened 22 new stores in the fiscal year ending March.
Cyrus Poonawalla, the founder of Serum Institute of India SII’s, moved up to the fifth spot with a net worth of $19 billion. His net worth has sharply gained during the year due to SII’s Covid vaccination drive.
A soaring stock market propelled the combined wealth of members of the 2021 Forbes list of India’s 100 Richest to a record US$775 billion, after adding $257 billion — a 50 per cent rise — in the past 12 months. In this bumper year, more than 80 per cent of the listees saw their fortunes increase, with 61 adding $1 billion or more.
There are six newcomers on this year’s list, with half of them from the booming chemicals sector. They include Ashok Boob (No. 93, $2.3 billion) whose Clean Science and Technology listed in July; Deepak Mehta (No. 97, $2.05 billion) of Deepak Nitrite and Yogesh Kothari (No. 100, $1.94 billion) of Alkyl Amines Chemicals. Arvind Lal (No. 87, $2.55 billion), the executive chairman of diagnostics chain Dr Lal PathLabs, also debuted on the list after a pandemic-induced surge in testing caused shares of his company to double in the past year.