Mumbai, October 10: According to the Hurun India Rich List 2023, Reliance Industries Chairman Mukesh Ambani has surpassed Adani Group's Gautam Adani to become the richest Indian. Adani was Rs 3 lakh crore ahead of Ambani in 2022. However, Ambani overcame the deficit and surpassed it in 2023, wherein his fortune happens to be Rs 3.3 lakh higher.

The 61-year-old Adani has moved from sixth in 2019 to second in 2023, with his fortune increasing fivefold. In the previous five years, Ambani's fortune has expanded 2.1 times, while Poonwalla and family's wealth has tripled. Gautam Adani Tops India’s Rich List, Ranks Second in World With Net Wealth of Rs 10,94,400 Crore, Adding Rs 1,600 Crore per Day to His Fortune.

Only two of the top 10 persons on the list saw their fortunes erode. According to statistics, Adani's fortune has decreased by 57%, while Radhakishan Damani's wealth has decreased by 18%. Poonawalla & family recorded the biggest absolute profits in the recent year, with an addition of Rs 73,100 crore.

Zepto creator Kaivalya Vohra, 20, is the list's youngest member, while Byju's founder, Raveendran, left the list as a result of investor markdowns. The pharmaceutical industry had the most entrepreneurs on the list, with 133, followed by chemicals and petrochemicals and industrial products, which had 109 and 96 entrepreneurs, respectively.

Radha Vembu of Zoho surpassed Falguni Nayar of Nykaa to become the wealthiest self-made Indian woman on the list. Meanwhile, Confluent founder Neha Narkhede, 38, is the list's youngest self-made woman. Hurun Global Rich List 2021: India Climbs to Third Spot; Mukesh Ambani Among 209 Indian Billionaires in The List.

Mahendra Ratilal Mehta of Precision Wires India made his debut on the list at the age of 94. According to Hurun, India added two new billionaires every three weeks in the last year and today has 259 billionaires, a 4.4-fold growth in 12 years. Amid worries about inequities, the report stated that 51 people had their fortune quadruple this year, compared to 24 the previous year.

 

(The above story first appeared on LatestLY on Oct 10, 2023 08:36 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).