Gautam Adani, Mukesh Ambani account for 59% of India’s top 10 billionaires’ wealth

Gujarat-based billionaire Gautam Adani added INR 5 lakh crore to his wealth last year to become India’s richest man as per IIFL Wealth Hurun India Rich List 2022.

In 2021, the founder of the Adani Group was behind Mukesh Ambani by 2 lakh crore. He is now ahead of Ambani by 3 lakh crore. The report calls it the ‘5 lakh crore catch up’.

Adani’s total wealth stands at 10.94 lakh crore, and he added 1,612 crore per day over the last year, the release stated.

“From an Indian wealth creation perspective, 2022 will be remembered for Adani’s meteoric rise. Briskly expanding his commodity trading company into a coal–to–port-to-energy conglomerate, he is the only Indian to have built not one, but seven companies with a market cap of one lakh crore,” said Anas Rahman Junaid, MD and chief researcher, Hurun India The rapid rise in the value of his seven listed companies – nine now, with the addition of Ambuja Cements and ACC – has helped Adani zoom past Ambani. (www.businessinsider.in/)