Mukesh Ambani’s family was considered to be the richest family in India. This time, another billionaire, Gautam Adani, has overtaken them as the richest man in India.
He has made this place in the top rich list of Indian organization Hurun India. He occupied the top position with a total property of 11.6 lakh crore rupees.
Adani was ranked fourth in the 2020 list. Adani’s assets have increased by 95 percent in the last one year. After the Hindenburg Incident, Adani’s name collapsed in the list of rich people. Although he has already turned around.
According to the report published by Hurun India Rich List, Gautam Adani and his family have returned like a phoenix after Hindenburg’s complaint. Last year their wealth increased by almost 95 percent. As a result, their total assets stood at 11 lakh 61 thousand 800 crore rupees and through this they became the richest people in India.
In the last one year, the share prices of all Adani Group companies have increased at a significant rate. For example, the share price of Adani Port increased by 98 percent. Moreover, shares of Adani Energy, Adani Gas, Adani Transmission and Adani Power-averaged 76 percent.
Mukesh Ambani is at the second position in the list with assets worth Rs.10.14 lakh crore. Assets are calculated based on the snapshot taken on 31 July 2024.
It is also noted that the number of billionaires in the country has reached a record 334 people.
Anas Rahman Junaid, Founder and Chief Researcher of Hurun India said, India is becoming the engine of wealth creation in Asia.
