Mukesh Ambani's wealth shoots up 73% to Rs 6.58 lakh crore; Adani moves up in rankings

personal net worth of Reliance Industries chairman Mukesh Ambani rose by 73 per cent to Rs 6.58 lakh crore, helping him retain title of being richest Indian for ninth consecutive year with a wider margin, according to a report released on Tuesday. Ambani, 63, who has been selling stakes in telecom and retail arms lately leing to a strong performance in Reliance Industries stock price, is also in top five at a global level, report prepared by Hurun in association with IIFL Wealth said.

rankings come at a time when COVID-19 pandemic has resulted in a deep ecomic impact on lives and fears are being expressed about a K-shaped recovery, which will result in more inequalities in society. list identified 828 Indians who are worth over Rs 1,000 crore as of August 31 and me it to list of richest Indians. Cyrus Mistry and Shapoor Mistry of Shapoorji Pallonji group, which is seeking nearly Rs 1.78 lakh crore for its 18 per cent stake in Tata Sons, saw a 1 per cent decline in ir wealth at Rs 76,000 crore each.

Gujarat-based Gautam ani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being fourth richest Indian. Hinduja Brors, who are reported to be in a property dispute, are worth Rs 1.43 lakh crore and were able to retain second standing despite a 23 per cent reduction, according to list. y are followed by HCL's Shiv Nar and family whose fortunes rose 34 per cent to Rs 1.41 lakh crore. Wipro's Azim Premji slipped two places to fifth in rankings with fortunes of Rs 1.14 lakh crore. world's largest vaccine maker Serum Institute of India's Cyrus Poonawalla h a 6 per cent rise in wealth at Rs 94,300 crore and was at sixth place.

D-Mart's Rhakishan Damani and family broke into top-ten with a 56 per cent rise in wealth to Rs 87,200 crore. Kotak Mahindra Bank promoter Uday Kotak saw an 8 per cent reduction in his net worth to Rs 87,000 crore, slipping one place to being eighth richest Indian. On back of a blockbuster IPO, 77-year-old Ashok Soota of Happiest Minds debuted on list with a net worth of Rs 3,700 crore, it said. financial capital continues to have an edge over national capital in being home to rich Indians, while among global Indians, US has highest numbers in rich list.

Only 40 of 828 individuals or 5 per cent of list are women, with 69-year-old Smita Crishna of Godrej leing with a net worth at Rs 32,400 crore and Kiran Majumdar Shaw of Biocon trailing her with Rs 31,600 crore net worth. Hurun's managing director for India and chief researcher Anas Rahman Junaid said re is a possibility of missing two individuals for every one included in list, and pegged total number of those worth over Rs 1,000 crore at 3,000. 

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