Net Worth Of India's 100 Richest People Crosses $800 Billion, Adani tops

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Net Worth Of India's 100 Richest People Crosses $800 Billion, Adani tops
15 Oct 2022
6 min read

News Synopsis

India has overtaken Britain to become the fifth-largest economy in the world due to the increase in demand in the country after the corona pandemic. During this period, there was a slight decline in the domestic stock market as compared to the previous year. The most weakness was seen in the rupee, which broke up to ten percent during this period. Despite all this, according to the Forbes list of 2022, the wealth of India's 100 richest people has increased by $ 25 billion and their total net worth has crossed $ 800 billion. 

This increase in the wealth of India rich was mainly due to the record increase in the wealth of infrastructure tycoon Gautam Adani. For the first time since 2008, there has been a change in the top name of the list of 100 richest Indians. Adani's assets tripled in 2021. His wealth has doubled this year to reach $150 billion and he has become the richest person in the country as well as the second richest person in the world.

Mukesh Ambani, the head of the oil, gas, and telecom giant Reliance Industries, is second on the list. His net worth is $88 billion, a decrease of five percent from the previous year. The value of the assets of Adani and Ambani is about 30 percent of the total net worth of the list of 100 rich people of India.

The country's retail king Radhakishan Damani, who heads the supermarket chain DMart, has made it to the top three rich list of the country for the first time. However, his wealth has declined by six percent and stands at $27.6 billion.

This year there are nine new faces in the list of hundred rich people in the country. Three of these names have been added to the list due to the IPO. The first name is Falguni Nair. Former banker Nair has become the richest woman in the country after the listing of beauty and fashion retail brand Nykaa on the stock exchanges. Traditional clothing maker Ravi Modi (Manyavar) and Rafiq Malik, founder of footwear company Metro Brands, have also joined the list after their companies were listed on the stock exchanges.