Gautam Adani provides $49 bn wealth in 2021, larger than Jeff Bezos, Elon Musk

Gautam Adani, India’s and Asia’s second-richest individual, added USD 49 billion to his wealth final yr – greater than the online addition of wealth by the highest three international billionaires Elon Musk, Jeff Bezos and Bernard Arnault, the 2022 M3M Hurun Global Rich List mentioned on Wednesday.

Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance Industries, continues to be the richest Indian with a wealth of USD 103 billion, a 24 per cent rise year-on-year.

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Adani, the pinnacle of ports-to-energy conglomerate Adani Group, is an in depth second along with his wealth surging 153 per cent to USD 81 billion.

In the final 10 years, whereas Ambani’s wealth has grown 400 per cent, Adani has seen a 1,830 per cent enhance, the checklist mentioned.

HCL’s Shiv Nadar is ranked third with USD 28 billion wealth, adopted by Serum Institute’s Cyrus Poonawalla (USD 26 billion) and metal magnate Lakshmi N Mittal (USD 25 billion).

“Gautam Adani, 59, is the biggest gainer in the M3M Hurun Global List 2022 and added USD 49 billion to his wealth last year,” M3M Hurun Global Rich List mentioned in an announcement. His web wealth addition is “more than top three global billionaires such as Elon Musk, Jeff Bezos and Bernard Arnault.” After the itemizing of renewable vitality firm Adani Green, his wealth elevated almost 5 instances to USD 81 billion from USD 17 billion in 2020.

Ambani’s wealth grew by USD 20 billion in 2021, it mentioned.

Nykaa founder Falguni Nayar (USD 7.6 billion) is the wealthiest new entrant within the Hurun Global Rich List 2022.

The 2022 M3M Hurun Global Rich List ranked 3,381 billionaires from 2,557 firms and 69 nations, the assertion mentioned.

Anas Rahman Junaid, MD and Chief Researcher mentioned India ranks third based mostly on not solely the variety of billionaires but additionally when it comes to the variety of billionaires who’ve added not less than a billion-dollar to their wealth.

“Over the last 10 years, Indian billionaires added circa USD 700 billion to their cumulative wealth – this is equivalent to Switzerland’s GDP and twice the GDP of the UAE!,” he mentioned.

India, he mentioned, has 18 per cent of the world’s inhabitants and eight per cent of the world’s ‘known’ billionaires, up from 4.9 per cent 5 years in the past.

India has 215 billionaires in comparison with 1,133 Chinese billionaires and 716 Americans.

The assertion mentioned Adani is the largest wealth gainer within the 2022 checklist, adopted by Google co-founders Larry Page and Sergey Brin and founder and CEO of luxurious items conglomerate LVMH, Bernard Arnault (USD 39 billion addition).

Ambani is ranked eighth when it comes to wealth addition.

According to the List, Ambani’s wealth was USD 45 billion 5 years again and USD 20.5 billion 10 years in the past. Adani was price USD 8.8 billion 10 years again and USD 14 billion 5 years again.

With a web price of USD 23 billion every, Radhakishan Damani of Avenue Supermarts and SP Hinduja of Hinduja entered into the highest 100 in 2022 M3M Hurun Global Rich List for the primary time.