Ambani is the richest Indian, slipped to 23rd place in the list of Ambani Rich
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According to the M3M Hurun Global Rich List, Adani has lost an average of Rs 3,000 crore in wealth every week this year as compared to last year and his overall net worth has declined by 60 per cent from the peak.
Industrialist Gautam Adani’s net worth has plummeted 60 per cent and slipped to 23rd position in the world’s billionaires list amid concerns over mismanagement of the company’s governance and books. At the same time, Mukesh Ambani of Reliance Industries has become the richest Indian by going ahead of him. According to the M3M Hurun Global Rich List, Adani has lost an average of Rs 3,000 crore in wealth every week this year as compared to last year and his overall net worth has declined by 60 per cent from the peak.
With this, his net worth stood at $53 billion in mid-March. According to the report, Ambani also suffered losses during this period. But despite this, he became the richest Indian leaving behind Adani. His net worth declined by 20 percent to $82 billion during this period. It is noteworthy that Hindenburg Research, an American financial research and investment company, published a report in the last week of January, accusing the Adani Group of manipulation of books and shares. However, the group rejected these allegations outright. But this led to a sharp fall in the shares of group companies.
With the decline in wealth, both Adani and Ambani have come down in the list of global rich. While Adani has slipped to the 23rd position in the list of the world’s richest people, Ambani has come down to the ninth position. It is notable that Adani had become the second richest person in the world for some time before Hindenburg’s report came. However, if compared to 10 years ago, there has been a significant increase in the assets of both the industrialists. While Adani’s net worth has increased by 1,225 percent, Ambani’s wealth has increased by 356 percent.
According to the list there are 187 Dhan Kuberas living in India. This is 15 percent more than last year. In this, maximum 66 billionaires reside in the country’s financial capital Mumbai. If we look at people of Indian origin at the global level, then the number of such rich people is 217. The report states that India accounts for five per cent of the total wealth of the super-rich in the world. And America’s share is 32 percent. Globally, China has the highest number of billionaires and is five times the number of billionaires in India. Sector wise, Indian billionaires are the leaders. In the healthcare sector, Cyrus Poonawalla of Pune’s Serum Institute is the richest person with a net worth of $27 billion.
Similarly, the family of Ashwin Dani of Asian Paints is the richest entrepreneur in his field with a net worth of $7.1 billion. As per the report, Byju Raveendran is the richest education entrepreneur with a net worth of $3.3 billion. Hurun report states that there are 10 women billionaires in India. In this, Radha Vembu, who is moving forward on her own, is the second richest woman in the world from the software and services sector with a net worth of $4 billion.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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