Mukesh Ambani tops list, Gautam Adani second

New Delhi: Reliance Industries chairman Mukesh Ambani, with a net worth of $90.7 billion, has retained his position as India’s richest man and the tenth richest in the world, according to the Forbes.

Adani Group chairman Gautam Adani is placed on the second position with $90 billion wealth and HCL Technologies chairman emeritus Shiv Nadar secured the third spot with $28.7 billion net worth on the Forbes’ list of India’s 10 richest billionaires.

The top three rankings on the list remained unchanged from the previous year.

As per the Forbes’ report, Ambani’s total wealth has jumped 7 percent from the last fiscal. Ambani controls Reliance Industries, owner of the world’s largest oil refining complex. His other businesses include a 4G wireless network across India.

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The second richest Indian and Asian, Adani has a total net worth of $90 billion. The 59-year-old founder of Adani Group controls companies ranging from ports and aerospace to thermal energy and coal.

In the last few months, Adani and Ambani have been swapping positions for the top spot on some of the billionaire indexes.

Both Ambani and Adani are leading India’s charge into green energy with multi-billion dollar investments planned for the next decade or so.

India’s vaccine pioneer Cyrus Poonawalla, whose Serum Institute of India (SII) was at the forefront of producing vaccines against COVID-19, was placed fourth with an estimated net worth of $24.3 billion.

D-Mart founder Radhakishan Damani, who entered the list of world’s 100 richest individuals last year, was ranked fifth with a net worth of $20 billion.

ArcelorMittal executive chairman Lakshmi Mittal, who has a net worth of $17.9 billion was ranked sixth. Helped by improved steel prices, OP Jindal Group matriarch Savitri Jindal ($17.7 billion) was ranked seventh.

Aditya Birla Group chief Kumar Mangalam Birla ($16.5 billion) was placed on eighth position, Sun Pharmaceuticals head Dilip Shanghvi ($15.6 billion) was ninth and Kotak Mahindra Bank managing director Uday Kotak ($14.3 billion) grabbed tenth spot.

The number of billionaires in India rose from 140 last year to 166, the Forbes report said. The last fiscal also witnessed a spree of initial public offerings, with over 60 companies cumulatively raising around $15.6 billion.