Gautam Adani Becomes Asia’s 2nd Richest; Mukesh Ambani Remains At Top Spot

Gautam Adani and Mukesh Ambani

Industrialist Gautam Adani, for the first time, has become Asia’s second-richest person according to the IIFL Wealth-Hurun India Rich List, 2021, released on Thursday. Adani, 59, has overtaken China’s bottled water producer Zhong Shanshan as Asia’s second-richest after almost quadrupling his wealth from ₹ 1,40,200 crore to ₹ 5,05,900 crore,

The 64-year-old Reliance Industries (RIL) Chairman Mukesh Ambani continued at the top spot in the list with total earnings of ₹ 7,18,000 crore while maintaining his top richest Indian rank for the 10th straight year.

Gautam and Vinod Shantilal Adani for the first time featured in the top 10 rich list. As per the report, Vinod Shantilal Adani stood at the eighth rank with his wealth tripling to ₹ 1,31,600 crore.

Kumar Mangalam Birla stood at the ninth position with a total wealth of ₹ 1,22,200 crore and Jay Chaudhry at 10th with a net worth of ₹ 1,21,600 crore.

According to the IIFL Wealth-Hurun, India Rich List 2021, 1,007 individuals across 119 cities have a net worth of Rs 1,000 crore. The report cited that cumulative wealth was up 51 percent, while average wealth increased by 25 percent.

The report has also mentioned that 894 individuals saw their wealth increase or stay the same, of which 229 are new faces, while 113 saw their wealth drop and there were 51 dropouts. Currently, India has 237 billionaires, up 58 compared to last year.

46 founders of 26 unicorns made it to the rich list, it added. In startup terms, a unicorn is a company that is valued above $1 billion.

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