2020 has been a devastating year for the world collectively owing to the outbreak of the coronavirus pandemic. But the horrific repercussions of the pandemic did not have much bearing on the growing wealth of these Indian industrialists and businessmen who are seasoned ‘riders of the economic storm’ and have proved to be unshakeable forces to reckon with.
The Hurun Report India and IIFL Wealth Management Ltd on Tuesday released the Ninth Edition of IIFL Wealth Hurun India Rich List 2020. The List compiles the richest individuals in India having a wealth of Rs 1,000 crore or more as on August 31, 2020.
Here are some of the findings:
~ In the 2020 edition, IIFL Wealth Hurun India Rich List showcases 828 Indians.
~ Mukesh Ambani continues to be the richest Indian for the 9th consecutive year. He is the only Indian to feature in the top 5 in the Hurun Global Rich List.
~ Top 100 individuals in the list account for nearly 64% wealth of the IIFL Wealth Hurun India Rich List, 2020.
~ 627 increased their wealth, of which 162 are new entrants.64% self made, of which 2% are professional managers.
~ Backed by stellar IPO of Happiest Minds, the founder Ashok Soota, 77, with a wealth of RS 3,700 crore, debuts in the list.
~ Cumulative value of the list is $821 billion (Rs 60,59,500 crore), an increase of $140 billion (Rs 10,29,400 crore) compared to that of 2019.
~ Pharmaceuticals, chemicals & petrochemicals and software & services account for 27% of the list.
~ The richest woman in the list is Smita V Crishna, followed by Kiran Mazumdar-Shaw
~ 20% of the individuals who registered a wealth of more than RS 10,000 crore reside outside of India.
~ With 217 individuals, Mumbai tops the list followed by New Delhi (128) and Bengaluru (67)
~ The USA is the most-preferred country by NRIs', followed by the UAE and the UK.
Now let’s take a look at the top 10 billionaires and their wealth:
10 . Cyrus Pallonji Mistry (Age: 52)
Company: Shapoorji Pallonji
Wealth: ₹70,000 crore
Wealth change since 2019: -1%
9 . Dilip Shanghvi (Age 64)
Company: Sun Pharmaceutical Industries
Wealth: ₹84,000 crore
Wealth change since 2019: 17%
8 . Uday Kotak (Age: 61)
Company: Kotak Mahindra Bank
Wealth: ₹87,000 crore
Wealth change since 2019: -8%
7 . Radhakishan Damani & family (Age: 65)
Company: Avenue Supermarts
Wealth: ₹87,200 crore
Wealth change since 2019: 56%
6 . Cyrus S Poonawalla (Age 79)
Company: Serum Institute of India
Wealth: ₹94,300 crore
Wealth change since 2019: 6%
5 . Azim Premji (Age 75)
Wealth: ₹1,14,400 crore
Wealth change since 2019: -2%
4 . Gautam Adani & family (Age: 58)
Company: Adani Group
Wealth: ₹1,40,200 crore
Wealth change since 2019: 48%
3 . Shiv Nadar & Family (Age: 75)
Wealth: ₹1,41,700 crore
Wealth change since 2019: 34%
No 2 . Hinduja Brothers
Wealth: ₹1,43,700 crore
Wealth change since 2019: -23%
Residence: Maharashtra, UK, Switzerland
No 1: Mukesh Ambani (Age 63)
Wealth: ₹6,58,400 crore
Wealth change since 2019: 73%