Industrialist Gautam Adani ’s wealth grew almost four times from 1.04 lakh crore to Rs 5.05 lakh crore in the last one year, making him the...
Industrialist Gautam Adani’s wealth grew almost four times from 1.04 lakh crore to Rs 5.05 lakh crore in the last one year, making him the second richest man in Asia, according to a list by research company Hurun India. Reliance Industries chairperson Mukesh Ambani continued to hold the top spot for the tenth time straight.
The IIFL Wealth Hurun India Rich List 2021, published on Thursday, said that the combined market capitalisation, or the total value of the stocks, of Adani Group was Rs 9 lakh crore. It said that all of the industrialist’s listed companies except Adani Power were valued at more Rs 1 lakh crore.
“Gautam Adani is the only Indian to build not one, but five Rs 1 lakh crore companies,” said Anas Rahman Junaid, managing director and chief researcher at Hurun India.
Adani secured the second spot after overtaking Zhong Shanshan, the founder of Nongfu Spring beverage company, a bottled water firm in China.
Adani’s brothers Vinod Shantilal Adani also featured among the top 10 in the list for the first time, moving 12 places to the eighth spot. His wealth tripled to Rs 1.31 lakh crore.
Other who made it to the top 10 this year are Hinduja Group chairperson SP Hinduja, Managing Director of the...
