Reliance Industries Chairman Mukesh Ambani topped the Forbes listing of India’s 10 richest billionaires with a web price of $84.5 billion, adopted by Adani Group chief Gautam Adani.
Amid the Covid-19 pandemic, Ambani completed a fund-raising feat, garnering $35 billion via a string of offers to attain his goal of decreasing his flagship Reliance Industries’ web debt to zero by 2021.
“He additionally bought a 3rd of telecom unit Jio to marquee traders similar to Fb and Google and offloaded 10 per cent of Reliance Retail to non-public fairness corporations similar to KKR and Common Atlantic, plus concluded a $7.three billion rights problem of Reliance shares,” Forbes mentioned.
Second richest Indian, Adani, who has additionally diversified the group’s enterprise and has taken a major share in India’s airport administration and operations enterprise has a web price of $50.5 billion.
Adani acquired a 74 per cent stake in Mumbai Worldwide Airport, the nation’s second-busiest, final September. He additionally bought 20 per cent in his listed renewables agency, Adani Inexperienced Power, to French vitality big Whole for $2.5 billion.
The third richest Indian is HCL founder Shiv Nadar as per the Forbes listing of India’s 10 Richest Billionaires 2021, with a web price of $23.5 billion.
Final July, Nadar stepped down as chairman of $9.9 billion (revenues) HCL Applied sciences, handing over the place to his daughter, Roshni Nadar Malhotra.
Avenue Supermarts’ founder Radhakishan Damani ($16.5 billion) and Kotak Mahindra Financial institution MD Uday Kotak ($15.9 billion) took the fourth and the fifth spot within the listing.