India’s 100 Richest Tycoons Cross $1 Trillion Mark: Forbes Report
For the first time, the combined wealth of India’s 100 richest individuals has exceeded $1 trillion, as reported by Forbes. Over 80% of these tycoons are wealthier now than they were a year ago, bringing the total to an impressive $1.1 trillion—more than double their wealth from 2019.
Gautam Adani, recovering from a previous short-selling crisis, emerged as the biggest dollar gainer, adding $48 billion to his family’s fortune, which now totals $116 billion, securing his position at No. 2 on the list. He has recently appointed his sons and nephews to key roles within the family business.
Savitri Jindal, head of the OP Jindal Group, has climbed to No. 3 for the first time. Her son, Sajjan Jindal, is making strides into the electric vehicle sector with MG Motor. Notably, she is one of nine women included in this year’s list, an increase from eight last year.
Among the newcomers are Mahima Datla of Biological E, a vaccine producer; B. Partha Saradhi Reddy of Hetero Labs; Harish Ahuja of Shahi Exports; and Surender Saluja of Premier Energies, a solar panel manufacturer.
Dilip Shanghvi, founder of Sun Pharmaceutical Industries, has moved up to the fifth position with a net worth of $32.4 billion. The Mehta siblings, Sudhir and Samir of Torrent Group, have seen their wealth more than double to $16.3 billion.
The Godrej family, including brothers Adi and Nadir Godrej, along with cousins Jamshyd and Smita Crishna Godrej, are also featured on the list. Additionally, Nikhil Kamath, 38, co-founder of the online brokerage Zerodha, is among six nonagenarians included in this year’s rankings.
