Mukesh Ambani pips Gautam Adani to become richest Indian on Hurun list

Mukesh Ambani has raced ahead of Gautam Adani to become the richest Indian on a list of wealthiest people in the countryThe 66yearold chairman of the diversified Reliance Industries saw his wealth growing by a marginal 2 per cent to Rs 808 lakh crore while Adanis fortune plummeted by 57 per cent to Rs 474 lakh crore as per the 360 ONE Wealth Hurun India Rich List 2023Anas Rahman Junaid managing director and chief researcher at Hurun attributed the decline in Adanis wealth to the Hindenburg report published in JanuaryIn January the USbased short seller came out with a damning report on the Adani Group alleging a slew of irregularities which led to a sharp correction in the group stocks and consequent wealth erosion for the promoter family Adani has denied all the allegationsA total of 1319 individuals from 138 cities feature on the list which uses August 30 as the base date to assess fortunesPunebased Cyrus Poonawalla of vaccine maker Serum Institute of India has retained the position as the third wealthiest Indian with a 36 per cent jump in the fortune at Rs 278 lakh crore while Shiv Nadar of HCL Technologies has retained his position as the fourth richest with a 23 per cent increase to Rs 228 lakh croreA majority of individuals among the top10 climbed up on the rankings including Gopichand Hinduja who is ranked fifth now Dilip Shanghvi sixth L N Mittal seventh Kumar Mangalam ninth and Niraj Bajaj tenthHowever DMarts Radhakishan Damani witnessed an 18 per cent decline in his net worth to Rs 143 lakh crore which resulted in him slipping three ranks to become the eighth richest IndianRadha Vembu of Zoho has overtaken Falguni Nayar to become the richest selfmade Indian woman while Zeptos Kaivalya Vohra is the youngest on the listAt the age of 94 Mahendra Ratilal Mehta of Precision Wires India company debuted on the listIndia added two new billionaires every three weeks in the past year and now boasts of 259 billionaires which is a 44fold increase in 12 years Hurun saidAmid concerns about inequalities the list said 51 individuals saw their wealth double this year compared to 24 last yearWith 328 individuals Mumbai tops the India Rich list followed by New Delhi 199 and Bengaluru 100 for the first time it said adding that Tiruppur debuted among the top 20 cities producing the maximum number of entrantsIndustry veteran Manish Kejriwal of Kedaara Capital has become the first person from the private equity sector to enter the list of richest Indians with a fortune of Rs 3000 croreThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever