Mukesh Ambani at top spot on India’s rich list again with net worth of Rs…, Gautam Adani at second spot with Rs…5Photo© hindustantimes.com

Mukesh Ambani at top spot on India’s rich list again with net worth of Rs…, Gautam Adani at second spot with Rs…

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The chairman and managing director of Reliance Industries, Mukesh Ambani, has topped Forbes’ 2024 list of the 100 richest Indians for the fourth time in a row. In the current year, the total of the 100 billionaires’ wealth reached USD 1 trillion for the first time. The net worth of Mukesh Ambani hit USD 119.5 billion, which was an increase of USD 27.5 billion over the last financial year and ranked 13th richest man in the world.

The recent declaration of bonus shares as a Diwali gift to Reliance investors also shows that Ambani is keen on shareholder value during this financial buoyancy. The report reveals that six billionaires added more than USD 10 billion each to their net worth.

Second on the list is Gautam Adani, who is the chairman of the Adani group with total assets of USD 116 billion. However, Adani has not been able to sustain such growth in its earlier years and has faced some problems, but it has bounced back and is continuing to grow in the competitive environment of Indian business.