Forbes India Rich List 2021; Meet 6 Newcomers And Billionaires Who Lost Most Wealth

The recovery of India from a deadly second wave of Covid-19, which broke out earlier this year, has re-established investor confidence in the world's sixth-largest economy. according to Forbes.

The combined wealth of members of the Forbes list of India's 100 Richest for 2021 reached a new high of US$775 billion, after adding $257 billion-a 50% increase in the previous 12 months, thanks to a soaring stock market.

Meet Forbes Top Richlist 2021

With a net worth of $92.7 billion, Mukesh Ambani, Chairman of Reliance Industries, is the richest individual in the country. With a net worth of $74.8 billion, Gautam Adani, the founder of the Adani Group, came in second.

1) Mukesh Ambani ($92.7 billion )
2) Gautam Adani ($74.8 billion)
3) Shiv Nadar ($31 billion)
4) Radhakishan Damani ($29.4 billion)
5) Cyrus Poonawalla ($19 billion)
6) Lakshmi Mittal ($18.8 billion)
7) Savitri Jindal ($18 billion)
8) Uday Kotak ($16.5 billion)
9) Pallonji Mistry ($16.4 billion)
10) Kumar Birla ($15.8 billion

Meet Six Newcomers On The List

This year's list includes six newcomers, half of whom come from the expanding chemicals industry. They include Ashok Boob's Clean Science and Technology (No. 93, $2.3 billion), Deepak Mehta's Deepak Nitrite (No. 97, $2.05 billion), and Yogesh Kothari's Alkyl Amines Chemicals (No. 100, $1.94 billion). Arvind Lal (No. 87, $2.55 billion), the executive chairman of diagnostics chain Dr Lal PathLabs, also made his debut on the list after his company's stock doubled in the past year due to a pandemic-induced rise in testing. Inder Jaisinghani of Polycab India and Banjranglal Taparia of Supreme Industries are the other two newcomers, with net worths of $3.6 billion and $1.95 billion, respectively.

 

NAME	RANK	NET WORTH	DESIGNATION, COMPANY
Inder Jaisinghani	57	$3.6 billion	CMD, Polycab India
Arvind Lal	87	$2.55 billion	CMD, Dr Lal PathLabs
Ashok Boob	93	$2.3 billion	MD, Clean Science and Technology
Deepak Mehta	97	$2.05 billion	Chairman, Deepak Nitrite
Bajranglal Taparia	99	$1.95 billion	Chairman, Supreme Industries
Yogesh Kothari	100	$1.94 billion	MD, Alkyl Amines Chemicals

Array

Divya Gokulnath of Byju's (rank 47, $4.05 billion) and Nikhil Kamath of Zerodha Broking (rank 86, $2.59 billion), both 35, are the list's youngest billionaires. The list's oldest billionaires are Pallonji Mistry of Shapoorji Pallonji Group (No. 9, $16.4 billion) and Devendra Jain of Gujarat Fluorochemicals (No. 70, $3 billion), both of whom are 92 years old.

Indian billionaires who lost most wealth:

Given the raised cut-off for obtaining access to this year's list, eleven listees from last year dropped off. This year's list required a minimum investment of $1.94 billion, up from $1.33 billion last year.

The pharmaceuticals sector has four billionaires who have lost the most money this year compared to the previous year-Kiran Mazumdar Shaw, who was the top gainer in percentage terms last year, saw her wealth drop $0.7 billion, or 15.22%, to $3.9 billion. Others in the pharmaceutical industry include Aurobindo Pharma's P.V. Ramprasad (rank 90, $2.45 billion), Lupin's Gupta Family (rank 75, $2.82 billion), and Dr. Reddy's Laboratories' Reddy Family (rank 69, $3.01 billion).