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Showing posts with the label Forbes India rich list

Half of India’s richest 100 on Forbes list got richer, Ambani gained most

  While Mukesh Ambani added $37.3 bn to his fortune, Gautam Adani retained the second spot on the list by boosting his net worth 61 per cent to $25.2 billion The Covid-19 pandemic which resulted in a major economic contraction did not hamper the gains of India’s richest as half of the nation’s 100 richest on the 2020 Forbes India Rich List saw there wealth grow by 14 per cent to $517.5 billion from a year ago. Reliance Industries Chairman Mukesh Ambani accounts for more than half of those gains and retains the title of India’s richest man for the 13th year. Forbes in a statement said, “Ambani added $37.3 billion, bringing his fortune to $88.7 billion, a rise of 73 per cent. Shares of his Reliance Industries soared when, amid the nation’s lockdown, Ambani raised more than $20 billion from a string of marquee investors for Jio Platforms.” The company is now paving way for the big bucks in its retail subsidiary RRVL. Gautam Adani retains the second spot on the list by boosting his net...