“Despite these headwinds, IIFL Wealth Hurun India Rich Listers’ wealth has grown twice as fast as the net market capitalization growth of all the companies listed in the BSE,” according to the official statement.
According to IIFL Wealth Hurun India Rich List 2020 report, “Cumulative wealth for this year increased by 20% compared to that of last year while average wealth increased by 9%.”
Mukesh Ambani tops the Hurun India Rich List for the ninth straight year by earning Rs 90 Crore every 60 minutes since the lockdown. His valuation was registered “a very shaped recovery” when he recovered by a series of fundraising and strategic investment. With ₹6,58,400 Crore, “Ambani’s wealth is now bigger than the combined wealth of the next 5 in the list.”, said Anas Rahman Junaid, MD, and chief researcher, Hurun India.
Hinduja brothers are in the second position with a net worth of Rs 1,43,700 Crore. Shiv Nadar, the founder of HCL ranked third, with a net worth of Rs1,41,700 Crore.
With a net worth of Rs1,40,200 Crore, Gautam Adani and family ranks fourth in the IIFL Wealth Hurun India Rich List 2020. Azim Premji is at the fifth position with a net wealth of Rs 1,14,400 Crore. Cyrus S Poonawalla of Serum Institute of India occupies the sixth position. “With a wealth of ₹87,200 Crores, Radhakishan Damani, the founder of Avenue Supermarts, stormed into the top 10 for the first time in the IIFL Wealth Hurun India Rich List. Since its IPO in 2017, Avenue Supermarts’ share price has increased by more than 250% and his rank in the list increased by 23 places”, according to IIFL Wealth Hurun India Rich List 2020 report.
Uday Kotak ranks eighth with a wealth of Rs 87,000 Crore. Dilip Sanghvi, with a total wealth of Rs 84000, stands at the ninth position. The tenth position is shared by the Pallonji brothers, Cyrus and Shapoorji Pallonji and they have registered with the wealth of Rs 76000 Crore.
