Mukesh Ambani
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Mukesh Ambani added nearly $48 billion to his fortune since last year, and reclaimed the title of Asia’s richest person.
Another Covid-19 wave is sweeping across India and total cases now exceed 12 million. But the country’s stock market has shrugged off its pandemic funk to scale new peaks; the benchmark Sensex is up 75% from a year ago. The total number of Indian billionaires rose to 140 from 102 last year; their combined wealth has nearly doubled to $596 billion.
Prosperity rules at the very top: The three richest Indians alone have added just over $100 billion between them. Mukesh Ambani, who has successfully diversified his oil and gas empire into fast-rising sectors such as telecom and retail, reclaimed his spot as Asia’s richest person, with a net worth of $84.5 billion.
Infrastructure tycoon Gautam Adani got a staggering $42 billion richer as shares of his companies, including Adani Enterprises and Adani Green Energy, rocketed. With his fortune up five-fold since 2020, Adani is now the second-richest Indian, a spot previously occupied by retailing king Radhakishan Damani, whose fortune was divided this year.
His brother Gopikishan Damani is listed separately for the first time based on new
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