Mukesh Ambani (File photograph)
Hurun Global Rich List: India continues to be the third largest billionaire producing nation on the earth.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), is the one Indian to function within the checklist of the world’s prime 10 billionaires, in line with Hurun Global Rich List.
The report compiled by analysis platform Hurun in coordination with real-estate group M3M, talked about that the RIL chief occupied ninth rank globally with a web value of $82 billion, regardless of a 20 % decline in wealth. Ambani has additionally retained the wealthiest Asian title for the third consecutive yr, Moneycontrol reported.
With a 35 % year-on-year decline in wealth, Gautam Adani slipped to the second spot. His web value stood at $53 billion. As per Hurun, Adani misplaced Rs 3,000 crore each week during the last yr, the report mentioned.
According to the report, Adani Group misplaced the second richest Asian title to China’s Zhong Shanshan. In January, following a report by US short-seller Hindenburg, Adani’s wealth nosedived by greater than 60 % from his peak. Just earlier than the report, Adani was briefly the world’s second richest individual.
Among different Indian billionaires, Cyrus Poonawalla of Serum Institute of India stood at third rank with $27 billion web value, Shiv Nadar and household ranked fourth with a web value of $26 billion, adopted by Lakshmi Mittal at fifth with $20 billion.
Other Indian billionaires embrace SP Hinduja & household, Dilip Shanghvi & household, Radhakishan Damani & household, Kumar Mangalam Birla & household adopted billionaire banker Uday Kotak at tenth rank.
With 187 billionaires residing in India and 16 new additions, India continues to be the third largest billionaire producing nation on the earth; the quantity rises to 217 if Indian origin billionaires are added.
As per the report, 24 Indian cities/ cities “produced” 187 billionaires. In phrases of variety of billionaires who’ve added $1 billion or extra during the last yr, India occupies sixth rank in 2023 M3M Hurun Global Rich List.
Over the final 5 years, Indian billionaires in 2023 M3M Hurun Global Rich List added about $360 billion to their cumulative wealth – which is equal to Hong Kong’s GDP.
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