Gautam Adani and his family have topped the IIFL Wealth Hurun India Rich List 2022, released on Wednesday, with an estimated wealth of Rs 10,94,400 crore. With a 116% increase from the 2021 list, his daily wealth creation rate is estimated at ₹ 1,612 million.
Mukesh Ambani and family have been named the second richest in India, with a net worth of ₹7,94,700 crore, an increase of 11% compared to the 2021 list. His daily wealth creation rate is ₹210 million.
Third and fourth in the list are Cyrus Poonawalla and family with a net worth of around Rs 2,05,400 crore and Shiv Nadar and family with a net worth of Rs 1,85,800 crore.
Radhakishan Damani and family are the fifth richest with a net worth of ₹ 1,75,100 crore. Gautam Adani and family 15.4 times in 5 years, Vinod Shantilal Adani and family 9.5 times, Shiv Nadar and family 5 times followed by Radhakishan Damani and family 3.8 times. once every five years according to the list.
“In terms of Indian wealth creation, 2022 will be remembered for Adani’s meteoric rise. Transforming his commodity trading company from a coal-to-port energy conglomerate, he is the only Indian to build not one but seven companies with a market cap of Rs 1 lakh crore,” said Anas Rahman Junaid, MD and Chief Scientific Officer, Hurun India. “IIFL Wealth Hurun India Rich List 2022 cumulative wealth growth is 2.67% compared to 9% overall excluding Adani,” it added.
“In 2012, Adani’s wealth was barely one-sixth of Ambani’s and no one could have imagined that he would overtake Ambani to become India’s richest man in 10 years. This is a reflection of the dynamism and structural change of the Indian economy. The success of a first-generation entrepreneur like Adani shows the growth potential of an economy that is witnessing economies of scale in many untapped sectors and a paradigm shift in new wealth generation,” he said.
Nykaa is founded by Falguni Nayar, The 59-year-old has overtaken Kiran Mazumdar-Shaw, 69, to become the richest Indian woman. Neha Narkhede, 37, founder of Confluent, a streaming data technology company, is India’s youngest female entrepreneur.
According to the list, there are 1,103 people with a net worth of ₹1,000 crore, an increase of 96 people compared to last year. The list includes 13 people born in the 90s, all self-made. Bengaluru-based Kaivalya Vohra, 19, is the youngest and youngest rich person of food delivery app Zepto.
With 283 people, Mumbai tops India’s richest list, followed by New Delhi (185) and Bengaluru (89). Mumbai added 28. The list included 14 professional managers.