New Delhi: Mukesh Ambani, Chairman of Reliance Industries, continues to top the list of 10 richest people in India for the ninth consecutive year. Other businessmen in IIFL Wealth Hurun India Rich List 2020 includes Hinduja brothers, Shiv Nadar & family, Gautam Adani & family, Azim Premji, Cyrus S Poonawalla, Radhakishan Damani & family, Uday Kotak, Dilip Shanghvi, Cyrus Pallonji Mistry and Shapoorji Pallonji.
Wealth of Mukesh Ambani
The total wealth of Mukesh Ambani is Rs 6.58 lakh crore. His total wealth has surged by 73 per cent in the last 12 months, propelling him to become the richest individual in Asia.
Indians with more than Rs 1,000 crore wealth cross the 828-mark in the 2020 edition of the rich list.
London-based Hinduja brothers (SP Hinduja, along with his three brothers) with a joint wealth of Rs 1.43 lakh crore bagged the second position. HCL Founder Shiv Nadar with a wealth of Rs 1.41 lakh crore ranked third, followed by Gautam Adani and family at fourth spot and Azim Premji at fifth spot. Radhakishan Damani, the founder of Avenue Supermarts, debuted in the top 10 wealthiest individuals ranking in the IIFL Wealth Hurun India Rich List 2020.
With rising new wealth creators such as innovative startups, family businesses with strong professional management, investors who believe in the India story, and a demographic advantage that is inferior to none, the India’s wealth creation story is still yet to reach the half-way mark, the report said.
“Assuming that for every one Hurun rich lister we have found, we have probably missed two, it is likely that India today has 2,000 individuals with Rs 1,000 crore,” continued Anas Rahman Junaid, MD and Chief Researcher, Hurun India.
List of top 10 richest people in India
|1||Mukesh Ambani||658,400 cr|
|2||Hinduja brothers||143,700 cr|
|3||Shiv Nadar & family||141,700 cr|
|4||Gautam Adani & family||140,200 cr|
|5||Azim Premji||114,400 cr|
|6||Cyrus S Poonawalla||94,300 cr|
|7||Radhakishan Damani & family||87,200|
|10||Cyrus Pallonji Mistry||76,000|
|10||Shapoor Pallonji Mistry||76,000|
Top 10 richest people in India: Cut-off
The cut-off for the top 10 rose by 6 per cent to Rs 76,000 crore this year, a 10 per cent increase compared to the previous year. The cumulative wealth of IIFL Wealth Hurun India Rich Listers have increased by 20 per cent compared to that of last year. 84 individuals have migrated from India and are NRIs. 19 saw their wealth double year on year.
All three of Udaan founders became the highest gainers in terms of wealth as compared to the 2019 edition — with increase of 274 per cent in each of their wealth.
Chigurupati Krishna Prasad of Granules India, also registered a 218 per cent jump in the wealth to Rs 3,500 crore. With a wealth of Rs 4,500 crore, Ritesh Agarwal (26) of Oyo Rooms is the youngest person on the list and with a wealth of Rs 5,400 Crore, Dharam Pal Gulati (96) of MDH is the oldest on the list. Nearly 5 per cent of the list (40 individuals) is comprised of women. 10 out of these 40 women are self-made.
Richest woman in India
The richest woman in the list is Smita V Crishna, of Godrej with Rs 32,400 crore, followed by Kiran Mazumdar-Shaw, of Biocon with a wealth of Rs 31,600 crore.
Being home to 217 individuals that comprise 26 per cent of the list, Mumbai is the residential capital of India’s wealthy, followed by New Delhi and Bengaluru. In the year 2020, Mumbai registered an increase of 41 individuals from the rich list, while New Delhi lost 5 of them. More than half of the new additions in IIFL Wealth Hurun India Rich List 2020 are contributed by top three cities this year — this was 36 per cent last year. Further, with 248 and 128 entrants respectively, Maharashtra and Delhi are the preferred states of residence for individuals in IIFL Wealth Hurun India Rich List 2020.