Wednesday, November 6, 2024

Ambani & Adani: The Titans of Forbes 2024 India Billionaire List

The prestigious magazine Forbes has released the list of ‘India’s 100 richest’ people for 2024. In this list, Reliance Industries chief Mukesh Ambani is at number one and Adani Group owner Gautam Adani is at number two. This list does not include the name of Ratan Tata, who passed away on 9 October. He was the honorary chairman of Tata Sons.

According to the list, the wealth of the country’s rich has collectively crossed the one trillion dollar mark. It has currently reached $ 1.1 trillion. The wealth of more than 80 percent of the Indian rich in the country has increased even more. Of these, 58 have increased their net worth by $ 1 billion or more. At the same time, the top 12 people in this list have almost half of the total wealth of the top 100.

Ambani tops, Adani second

Reliance Industries Chairman and MD Mukesh Ambani tops the list with an estimated net worth of $119.5 billion. However, in dollar terms, he is the second-largest gainer, adding $27.5 billion this year.

After Mukesh Ambani, Gautam Adani and his family are on the list. His estimated wealth from diversified business is $116 billion. The owner of the Adani Group has earned the highest profit of $48 billion in a year.

Savitri Jindal also included in the list

India’s richest woman Savitri Jindal and her family are at the third spot. Their estimated net worth from metal and mining business is $43.7 billion. At the same time, Shiv Nadar is at the fourth spot with an estimated $40.2 billion. He is the chairman of HLC Enterprise. Dilip Sanghvi and his family are among the top five with an estimated wealth of $32.4 billion from Sun Pharmaceuticals.

The rest of the industrialists in the top 10 include Radhakishan Damani and family (estimated value $31.5 billion), Sunil Mittal and family (estimated value $30.7 billion), Kumar Birla (estimated value $24.8 billion), Cyrus Poonawala (estimated value $24.5 billion) and the Bajaj family (estimated value $23.4 billion).

Mahima Datla new entry among women

Mahima Datla, head of vaccine maker Biological E, is the new female entrant in the top 100 list. Other new faces include B Partha Saradhi Reddy, founder of Hetero Labs; Harish Ahuja, owner of Shahi Exports, which supplies products to H&M and Calvin Klein, and Surendra Saluja, founder of newly listed Premier Energies (solar panel and module manufacturer) in the stock market.

Pharma and real estate company owners got big gains in the list. This includes Sanghvi, Torrent These include Sudhir Mehta and Sameer Mehta of pharmaceuticals, Irfan Razak of Prestige Estates Projects and the Godrej family. The youngest person on the list is Nikhil Kamath (38) of brokerage platform Zerodha.

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