Half of the country’s 100 richest saw their collective wealth grow by 14 percent in one year despite the nation being hit hard by economic downturn due to the spread of COVID-19. Here are the ten richest Indians according to Forbes' India's 100 Richest People list 2020.
Half of India's 100 richest saw their collective wealth grow by 14 percent in one year despite the nation being hit hard by the economic downturn due to the spread of COVID-19. Here are the ten richest Indians according to Forbes' India's 100 Richest People list 2020. (REUTERS/Jason Lee/Illustration/File Photo)
Rank 10 | Lakshmi Mittal | Net Worth: $10.3 billion | The steel tycoon, once the world's third-richest man, has seen his fortunes take a dive in the last decade with the end of the commodity supercycle.
Rank 9 | Godrej family | Net Worth: $11 billion | One of the traditional industrial powerhouses of India, the Godrej group chief has made to the top ten.
Rank 8 | Uday Kotak | Net Worth: $11.3 billion | Uday Kotak, who started a finance firm in 1985, has led Kotak Mahindra Bank to one become one of the country's biggest private banks (Image: IANS)
Rank 7 | Pallonji Mistry | Net Worth: $11.4 billion | The reclusive tycoon, whose house came under a rare spotlight after a spat with the Tata group, continues to remain a part of the elite list.
Rank 6 | Cyrus Poonawalla | Net Worth: $11.5 billion | The pharmaceutical sector witnessed a boom this year thanks to the ongoing pandemic. This helped Cyrus Poonawalla of Serum Institute of India make it to the elite list. (Image: PTI)
Rank 5 | Hinduja brothers | Net Worth: $12.8 billion | UK-based Hinduja brothers with $12.8 billion claimed the fifth position. (Image: www.hindujagroup.com)
Rank 4 | Radhakishan Damani | Net Worth: $15.4 billion | The legendary stock investor-turned-retailer Radhakrishan Damani, the founder of Avenue Supermarts (DMart), made it to the top four after a significant rise in his fortunes owing to the stellar performance of the company's shares. (Image: PTI)
Rank 3 | Shiv Nadar | Net Worth: $20.4 billion | The tech tycoon may have handed over the reins of HCL Technologies to his daughter Roshni Nadar Malhotra but he remains entrenched in the rich list. (Image: Reuters).
Rank 2 | Gautam Adani | Net Worth: $25.2 billion | Infrastructure mogul Gautam Adani's net worth rose by 61 percent to $25.2 billion despite the pandemic-induced slowdown. Lately, his Adani Group has been busy taking over airports across the country. (Image: PTI)
Rank 1 | Mukesh Ambani | Net Worth: $88.7 billion | Reliance Industries chairman and managing director Mukesh Ambani topped the ‘Forbes India Rich List’ for the 13th year in a row. The net worth of the RIL chief has swelled to $88.7 billion after Reliance embarked on a breathtaking fundraising spree in its digital and retail units. (Image: Reuters)