2023 Hurun Global Rich List: Ambani retains richest Indian tag with net worth of $82 bn

Chairman of Reliance Industries, Mukesh Ambani is only Indian to be included again in list of top 10 billionaires in world, according to a report compiled by research platform Hurun in coordination with real-estate group M3M titled ' 2023 M3M Hurun Global Rich List' on Wednesday.

According to this list, among Indian billionaires, Ambani ranked first with a net worth of $82 billion, followed by Gautam Adani with a net worth of $53 billion. Cyrus Poonawalla is in third place with a net worth of $28 billion. Shiv Nadar and ir family is fourth with $27 billion and Lakshmi Mittal is fifth with $20 billion.

According to report, Mukesh Ambani's wealth has shrunk at rate of 20% and his net worth was $82 billion. Mukesh Ambani is ninth richest person in world. On or hand, Gautam Adani has registered a wealth decrease of 35% y-o-y, and in list of world's rich, he is in 23rd place.

India's or top 10 billionaires include Dilip Shanghvi & family - who have a net worth of around $17 billion, followed by Radhakishan Damani & family, who have a net worth of $16 billion. Kumar Mangalam Birla & family, chairman of  Aditya Birla Group is at ninth position with a net worth of $14 billion, Kotak Mahindra Bank MD Uday Kotak is tenth richest person in India with a net worth of $14 billion. 

Gautam Adani, who has been in news recently after US-based short seller Hindenburg Group came out with a report alleging stock manipulation on part of company, lost Rs 3,000 crore every week over last year.

Where does India rank when it comes to wealth gain?

Eight Indian billionaires added more than $1 billion to ir wealth over last year, landing nation at sixth spot in  2023 M3M Hurun Global Rich List. India is at top of league table for wealth depletion, in stark contrast to 2022 M3M Hurun World Rich List. India has 41 billionaires who lost more than a billion dollars, compared to 178 and 123 billionaires who lost more than a billion dollars in China and USA, respectively.

In terms of new additions, India ranks 3rd

2023 M3M Hurun Global Rich List added 176 new faces, from 18 industries and 99 cities. India added 16 billionaires and to land at third spot, comfortably ahead of Italy which added 9 billionaires in this year’s list. richest new entrant from India, Rekha Rakesh Jhunjhunwala & family, tops list of top 16 new Indian entrants in 2023 M3M Hurun Global Rich List.

Over last 5 years, Indian billionaires in 2023 M3M Hurun Global Rich List added $360 billion to ir cumulative wealth – is equivalent to Hong Kong’s GDP.

(with inputs from press release issues by 2023 M3M HURUN GLOBAL RICH LIST)