India’s ten Richest
Billionaires 2022
#1 | Mukesh Ambani
NET WORTH: $84.5 BILLION
SOURCE OF WEALTH: heterogenous
RESIDENCE: Bombay
Amid the Covid-19 pandemic, Ambani accomplished a fund-raising accomplishment, garnering $35 billion through a string of deals to realize his target of reducing his flagship Reliance Industries’ web debt to zero by 2021. He conjointly sold a 3rd of medium unit Jio to marquee investors like Facebook and Google and offloaded 100 percent of Reliance Retail to non-public equity companies like KKR and General Atlantic, and ended a $7.3 billion rights offering of Reliance shares.
#2 | Gautam Adani
NET WORTH: $50.5 BILLION
SOURCE OF WEALTH: INFRASTRUCTURE
RESIDENCE: AHMEDABAD
Adani nonheritable a seventy four stake in Bombay International airdrome, the country’s second-busiest, last Gregorian calendar month. He conjointly sold two hundredth in his listed renewables firm, Adani inexperienced Energy, to French energy large Total for $2.5 billion.
#3 | Shiv Nadar
NET WORTH: $23.5 BILLION
SOURCE OF WEALTH: software system SERVICES
RESIDENCE: metropolis
The technical school titan stepped down as chairman of $9.9 billion (revenues) HCL Technologies last July, surrendering the position to his solely girl, Roshni Nadar Malhotra.
#4 | Radhakishan Damani
NET WORTH: $16.5 BILLION
SOURCE OF WEALTH: RETAIL, INVESTMENTS
RESIDENCE: Bombay
The low-profile selling king’s listed grocery store chain Avenue Supermarts operates 221 DMart stores across the country. His brother Gopikishan is additionally a rich person
#5 | Uday Kotak
NET WORTH: $15.9 BILLION
SOURCE OF WEALTH: BANKING
RESIDENCE: Bombay
India’s richest banker based and runs Kotak Mahindra Bank, that is among the country’s high four within the personal sector. Last June, Kotak sold shares value $950 million to scale back his stake within the bank to twenty sixth as mandated by the bank of India.
#6 | Lakshmi Mittal
NET WORTH: $14.9 BILLION
SOURCE OF WEALTH: STEEL
RESIDENCE: LONDON
In Feb, Mittal stepped down as corporate executive of ArcelorMittal, the $53.3 billion (revenue) steel behemoth, relinquishing the spot to his son, Aditya. Mittal remains government chairman of the corporate.
#7 | Kumar Birla
NET WORTH: $12.8 BILLION
SOURCE OF WEALTH: COMMODITIES
RESIDENCE: Bombay
Fourth generation heir of a sprawling commodities empire, Birla’s growth into medium has price him dearly. His Vodafone plan, rebranded as Vi, a venture between his plan Cellular and U.K.’s Vodafone cluster, has been painful up losses battling Ambani’s Jio.
#8 | Cyrus Poonawalla
NET WORTH: $12.7 BILLION
SOURCE OF WEALTH: VACCINES
RESIDENCE: PUNE
Poonawalla’s blood serum Institute of India, the world’s largest producer of vaccines by variety of doses, is on the frontlines of India’s fight against Covid-19, with multiple vaccinum partnerships musical organisation by his son Jewish calendar month, Serum’s corporate executive. Jewish calendar month conjointly stricken a deal this year to amass a hr stake in listed finance firm rock Fincorp for $475 million.
#9 | Dilip Shanghvi
NET WORTH: $10.9 BILLION
SOURCE OF WEALTH: prescribed drugs
RESIDENCE: Bombay
Shanghvi, UN agency based and runs listed generics drug maker Sun prescribed drugs, returns to the highest 10, due to a sixty eight jump within the company’s shares.
#10 | Sunil Mittal & family
NET WORTH: $10.5 BILLION
SOURCE OF WEALTH: medium
RESIDENCE: metropolis
His Bharti Airtel, a venture with Singapore’s Singtel, is India’s second-largest medium operator when Ambani’s Jio. In January, Mittal’s son Kavin proclaimed on Twitter that his SoftBank-backed start-up Hike, once thought of as a rising imaginary being and India’s answer to WhatsApp, had close up its electronic communication service.
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