Forbes’ richest listing: India ranks third amongst international locations with most billionaires

India has the third-highest variety of billionaires on this planet after the US and China, in accordance with latest information launched by Forbes journal. With 140 billionaires in 2021, India has gone previous Germany (having 136 billionaires) to assert the third spot in international locations with essentially the most billionaires 2021, Forbes mentioned.
India’s high three richest folks have added over $100 billion between them, the report mentioned.
Mukesh Ambani
Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani ranks on the high among the many Indian billionaires with a web price of $84.5 billion. He ranks tenth globally and has reclaimed his spot as Asia’s richest individual, dethroning Alibaba founder Jack Ma from China who was the richest individual within the area a 12 months in the past.
Amid the Covid-19 pandemic in 2020, Ambani had completed a document fund-raising feat, garnering $35 billion by a sequence of offers to attain the goal of decreasing RIL’s web debt to zero by the monetary 12 months 2020-21. He bought a 3rd of RIL’s telecom arm Jio Platforms to international tech buyers resembling Facebook and Google and in addition bought 10 per cent of RIL’s retail arm Reliance Retail to personal fairness companies KKR and General Atlantic. He additionally concluded a $7.3 billion rights challenge of RIL shares.
Gautam Adani
Adani Group Chairman Gautam Adani is the second richest Indian with a web price of $50.5 billion. He is ranked twenty fourth on the worldwide listing of billionaires. His firm acquired a 74 per cent stake in India’s second-busiest airport Mumbai International Airport in September. Adani additionally bought a 20 per cent stake in Adani Green Energy to French power agency Total for $2.5 billion.
Shiv Nadar
HCL founder Shiv Nadar is ranked third among the many richest individual in India. He has a web price of $23.5 billion and on the worldwide listing, he’s ranked 71st. In July final 12 months, he had stepped down as chairman of IT big HCL Technologies and handed over the reins to his daughter Roshni Nadar Malhotra.
Radhakishan Damani
Avenue Supermart founder Radhakishan Damani comes fourth within the listing of Indian billionaires with a web price of $16.5 billion. He is ranked 117th on the worldwide listing of billionaires. Avenue Supermart runs the favored retail retailer DMart throughout numerous cities within the nation. Damani can be a veteran investor within the Indian inventory market. He holds stakes in a spread of corporations, from tobacco agency VST industries to cement producer India Cements.
Uday Kotak
Uday Kotak is the nation’s richest banker. He is the founder and chief of Kotak Mahindra Bank, a serious non-public sector financial institution in India. He has a web price of $15.9 billion and ranks 121st globally. In June final 12 months, Kotak had bought shares price $950 million to scale back his stake in his financial institution to 26 per cent as mandated by the Reserve Bank of India (RBI).
Here are the highest 20 richest billionaires in India:
Rank
Global rating
Name
Net price (in $ billion)
1
10
Mukesh Ambani
84.5
2
24
Gautam Adani & household
50.5
3
71
Shiv Nadar
23.5
4
117
Radhakishan Damani
16.5
5
121
Uday Kotak
15.9
6
140
Pallonji Mistry
14.6
7
168
Kumar Birla
12.8
8
169
Cyrus Poonawalla
12.7
9
203
Dilip Shanghvi
10.9
10
213
Sunil Mittal & household
10.5
11
234
Savitri Jindal & household
9.7
12
274
Benu Gopal Bangur
8.7
13
288
Azim Premji
8.6
14
294
Kuldip Singh & Gurbachan Singh Dhingra
8.4
15
297
Kushal Pal Singh
8.3
16
369
Bajaj brothers
7
17
384
Murali Divi & household
6.8
18
404
Gopikishan Damani
6.5
19
421
Rahul Bajaj
6.3
20
421
Ashwin Dani & household
6.3
Source: Forbes’ thirty fifth Annual World’s Billionaires List 2021
Every 12 months, Forbes releases a listing of the billionaires which covers the wealthiest businesspersons the world over.