Adani became India’s richest person overtaking Ambani, know how much wealth he is ahead

The market value of listed shares of all the firms of Gautam Adani Group has surpassed that of Tata and Reliance Group. In the process Adani Group has become India’s most valuable company with a total market capitalization of Rs 22.27 lakh crore.

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gautam adani Mukesh Ambani has overtaken India’s richest person, he recently surpassed Amazon founder Jeff Bezos to rank second in the list of the world’s rich, with his wealth increasing by 116% in the last one year has been seen. Some shares of Adani Group companies have seen growth of more than 1,000 per cent in the last two years. At the same time, the market value of listed shares of all the firms of the Adani Group last week surpassed that of Tata and Reliance Group. In the process Adani Group has become India’s most valuable company with a total market capitalization of Rs 22.27 lakh crore. According to the IIFL Wealth Hurun India Rich List 2022, Gautam Adani has increased his daily earnings by over Rs 1,600 crore in the last one year. Let us tell you that in 2021, Mukesh Ambani was ahead of Adani by Rs 2 lakh crore in terms of total net worth, while in 2022, Adani is ahead by Rs 3 lakh crore. This means that Adani has added Rs 5 lakh crore to his total assets in 2022.

Anas Rashid Junaid, MD and chief researcher, Hurun India, says that this is the first time that Adani has topped the Hurun India Rich List, placing Reliance Industries chairman Mukesh Ambani in second place. Mukesh Ambani who was at the top of the list for the last 10 years, his wealth increased by 11% to Rs 7.94 lakh crore during the last year. However, despite this impressive advantage, Ambani has lost the top spot to Adani. The Hurun India report states that both Adani and Ambani are the biggest beneficiaries in terms of absolute wealth. The report shows that the chairman of Reliance Industries has seen an increase of 115% in his wealth in the last five years. Interestingly, the cumulative wealth growth of IIFL Wealth Hurun India Rich List 2022 excluding Gautam Adani is only 2.67% as compared to the overall growth of 9%.

Along with this, Junaid said that in fact Gautam Adani is the only person who has created not one but 7 companies with a market capitalization of more than one lakh crore rupees. In 2012, Adani’s wealth was barely one-sixth of Ambani’s wealth. He is ahead of Ambani by a good margin in 10 years. Junaid said the success of a first generation entrepreneur like Adani is an example of the potential for growth in an economy that is witnessing a paradigm shift in economies of scale and creation of new wealth in many under-exploited sectors. The mining-to-energy conglomerate has pledged to invest $70 billion in green energy and become the world’s largest renewable producer.

Know how the rank changed in 5 years

The Hurun India report compared the performance of people on the rich list in 2022 to the performance of those in 2018, showing how some billionaires grew and grew significantly as their companies grew. Wealth created at unprecedented speed. Gautam Adani’s rank rose from 8 to No. 1 position in 2018 and his wealth increased by 15.4 times. Gautam Adani’s brother Vinod also made significant gains and has moved up from 49th to 6th in the rankings. With a 2.8x increase in wealth in the last 5 years, Cyrus Poonawalla moved from rank 7 in 2018 to the third position currently.

Falguni Nair reaches 33rd position

Zepto founders Adit Palicha and Kaivalya Vohra made an impressive debut in the IIFL Wealth Hurun India Rich List 2022. Both of them are also the youngest start-up founders in the Hurun India Future Unicorn Index 2022. The Chennai-based company now manufactures nano devices for avionics, ground receiving systems for Tejas light combat aircraft. Launch control systems for Sukhoi 30 aircraft, actuator pins for torpedoes, rugged display systems for helicopters, electronic warfare systems, electronic intelligence and communication intelligence receivers (ELINT and COMINT), landing support radar. Falguni Nair of Nykaa and Ravi Modi of Vedanta Fashion entered the richest list at 100th position for the first time. Falguni Nair saw a 345% increase in her wealth and her rank rose from 169 positions to 33rd position. Similarly Ravi Modi saw his wealth increase by 376% and he moved up 205 ranks to claim 41st position in the list.

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The pharmaceutical industry has benefited greatly from the pandemic-induced need for vaccines and increased focus on drugs. As a result, the region contributed the largest number of individuals to Hurun India’s rich list. Cyrus S Poonawalla and family are leading pharma entrepreneurs, their wealth grew 25% in the last year to reach Rs 2.05 lakh crore. At the same time, the assets of Dilip Shanghvi of Sun Pharmaceutical increased by 12% to Rs 1.33 lakh crore. The chemical and petrochemical industry continues to be a leader in wealth creation with 20 new additions and 102 entrants. He is a $23 billionaire from this sector.