Mukesh Ambani, the Reliance Industries Chairman has been placed at the top of the Forbes list of India’s 10 richest billionaires with a net worth of $84.5 billion while the second place is secured by Adani Group chief Gautam Adani with a fortune of $50.5 billion.
It is to be mentioned that both Ambani and Adani had an unprecedented surge in wealth amid rapid rise in the stock market in the year 2020.
According to Forbes, the number of billionaires increased to 140 from 102 last year and their collective wealth double to $596 billion during the last year. The top three richest Indians collectively added $100 billion in the pandemic year, it added.
Ambani garnered investments worth $ 35 billion for Jio and also achieved the target of reducing the net debt levels of the company to zero by 2021.
Meanwhile, the second richest man Adani has taken a significant share in India’s airport management and operations business. He acquired a 74 % stake in the country’s second busiest airport, Mumbai International Airport, last year and also sold 20 % in his listed renewables firm, Adani Green Energy, to French energy giant Total for $2.5 billion.