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According to Forbes India’s Richest List 2022, the combined wealth of the 100 richest people has grown by $25 billion to reach a whopping $800 billion. Wealth rose despite the stock market falling slightly from a year ago, with the biggest dampener being the weaker rupee, which fell 10% over the same period.
The gain was primarily the result of a record-breaking feat by infrastructure tycoon Gautam Adani, who reshuffled the order at the top for the first time since 2008. After nearly tripling his wealth in 2021, Adani doubled his wealth to $150 billion this year. becoming the new No. 1—and also, for a time, the second-richest person on the planet.
So, we bring you a brief look into the Indian billionaires club, whose members became rich in 2022. Look.
1) Gautam Adani: ₹ 1,211,460.11 crore
India’s first richest person, Gautam Adani and family have a staggering net worth of 1,211,460.11 crores ($150 billion). Gautam Adani controls the Mundra Port, which is the largest in Gujarat. The Adani Group has interests spread across sectors such as power generation and transmission, real estate, commodities and infrastructure. In September 2020, Adani acquired a 74% stake in India’s second busiest airport, Mumbai International Airport. Adani also owns a coal mining project in Australia known as Abbot Point.
fortuneindia
2) Mukesh Ambani: 710,723.26 crores
Reaching the tenth place among the richest people in the world in 2022, Mukesh Ambani has a net worth of 710,723.26 crores ($88 billion). The founder and chairman of Reliance Industries has interests in petrochemicals, oil and gas, retail and telecommunications. The launch of 4G phone services in the Indian telecom market by Reliance in 2016 triggered a price war creating strong turbulence and driving several networks out of business. During the shutdown due to COVID-19, Mukesh Ambani sold one-third of Jio to some investors like Google and Facebook raising over $20 billion.
Mukesh Ambani
3) R Damani: ₹ 222,908.66 crore
Radhakishan Damani’s net worth of 222,908.66 crores ($27.6 billion) places him third among India’s richest persons. Champion Avenue Supermarket, became the country’s retail king after the supermarket chain completed its IPO in March 2017. It started retailing in India with just one supermarket in suburban Mumbai. Now, the retail chain has over 221 DMart stores across the country. Damani has stakes in other businesses such as tobacco firm VST and India Cements. He owns the 156-room Radisson Blu Resort in Alibag, a famous beach resort near Mumbai.
Fillet
4) Cirrus Poonavalla: ₹173,642.62 crore
Cyrus Punnavala’s net worth is 173,642.62 crores ($21.5 billion), making him the fourth richest person in India in 2022. He founded the Serum Institute of India in 1966 and today is the world’s largest manufacturer of vaccines in doses. The company produces more than 1.5 billion doses of various vaccines against influenza, poliomyelitis and measles. His son Adar is the CEO of the Serum Institute, which has also invested around $800 million in building a new factory to produce Covid-19 vaccines.
BCCL
5) Shiv Nadar: 172,834.97 crores
Shiv Nadar, co-founder of HCL, is ranked fifth among India’s richest billionaires, estimated to be worth 172,834.97 crores ($21.4 billion) in 2022. HCL started in 1976 manufacturing calculators and microprocessors, and today is among the country’s largest software service provider with $102 billion in revenue. HCL Technologies employs 1,69,000 people in 50 countries. After Shiv Nadar stepped down as CEO of HCL in 2020, his daughter took his place. Shiv Nadar is currently the President Emeritus. A leading philanthropist in the country, he has given over $662 million to the Shiv Nadar Foundation to support educational causes.
Shiv Nadar, Indian billionaire industrialist and founder of HCL Technologies | BCCL
6) Savitri Jindal: 132,452.97 crores
With a net worth of 132,452.97 crores ($16.4 billion) in 2022, Savitri Jindal and family rank sixth among the richest people in India. Jindal Group’s interests include energy, cement, infrastructure and steel. The group is now chaired by Savitri Jindal, widow of Om Prakash Jindal, who founded the Jindal Group. In 2005, Om Prakash Jindal died in a helicopter crash, after which the group’s companies were divided among his four sons.
Savitri Jindal Success Story – Chairperson Of Jindal Group | Twitter
7) Dilip Shanghvi: ₹ 125,184.21 crore
Dilip Shanghvi’s net worth of 125,184.21 crores ($15.5 billion) puts him at the seventh richest person in the country in 2022. In 1983, his father gave him $200 to start the production of psychiatric drugs, Sun Pharma. Today, this company is among the country’s leaders in the field of pharmaceutical products, with annual revenues of 4.5 billion dollars. Sun Pharma has grown through several acquisitions, a notable one being the purchase of Ranbaki Laboratories in 2014 in a $4 billion deal. In the recent past, Shangvi has also invested in oil and gas and renewable energy.
Dilip Shanghvi
8) Hinduja Brothers: ₹ 122,761.29 crore
Parmanand Deepchand Hinduja founded the Hinduja Group in 1914. Today, four siblings, Srichand, Gopichand, Prakash and Ashok, control the multinational conglomerate and their combined wealth is 122,761.29 crores ($15.2 billion).
NBT
9) Kumar Mangalam Birla: ₹ 121,146.01 crore
Kumar Birla: Chairman of textile and cement conglomerate Aditya Birla Group has a net worth of 121,146.01 crores ($15 billion). He is also the Chancellor of the Birla Institute of Technology and Science and the President of the Indian Institute of Management Ahmedabad.
Wikipedia
Birla took over as chairman of the Aditya Birla Group in 1995, at the age of 28, following the death of his father, Aditya Vikram Birla. During his tenure as chairman, the group’s annual turnover grew from $2 billion in 1995 to $45 billion in 2021.
The group is present in 36 countries on six continents, and over 50% of its revenues come from operations abroad.
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