Tuesday, June 2, 2020

INDIA’S LATEST BILLIONAIRE’S LIST - top 10 or 11


INDIA’S LATEST BILLIONAIRE’S LIST
TOP 10 (11)

Mukesh Ambani, Reliance Industries chairman , with a net worth of $36.8 billion, retained his title as the richest Indian. He suffered a $13.2 billion drop in net worth from a year ago. Yet Mukesh Ambani retained his No.1 spot on the list. 

Mukesh Ambani recently announced that he has decided to forgo his entire annual compensation of about Rs.15 Crores in wake of the COVID-19 pandemic. 

Reliance JIO has attracted Huge investments – from Vista Equity Partners, General Atlantic, Silver Lake and Face Book. Ultimately, Reliance aims to make it a Zero Debt firm.
Shares of Reliance Ind is quoting around Rs.1470

Retail king Radhakishan Damani of D Mart or Avenue supermarts rose to become India’s second-richest person with a fortune of $13.8 billion for the first time. Shares of his Avenue Supermarts, have been relatively immune to the coronavirus effect.It is around Rs.2300 now.

Even before India went into total lockdown, the stock market had plunged to a three-year low on March 18. According to Forbes' data, the total number of Indian billionaires gone down to 102, versus 106 in 2019. Also, their collective wealth has shrunk 23% to $313 billion.

HCL founder and chairman Shiv Nadar, HCL founder and chairman is ranked third in the list with a net worth of $11.9 billion.  HCL shares are quoting around Rs.552

Uday Kotak of Kotak Mahindra Bank is India's fourth-richest person in the list is with a net worth of $10.4 billion.  Kotak Mahindra Bank shares are quoting around Rs. 1222

Gautam Adani The fifth spot in the list is occupied by who has a fortune of $8.9 billion. He is managing Ports, commodity businesses etc. Adani Ports is quoting around Rs.322. Adani Gas is at Rs.118. Adani Enterprises is quoting at Rs.148

Sunil Mittal, Telecom giant Bharti Airtel's founder, is ranked sixth in the list with a net worth of $8.8 billion.

Cyrus Poonawalla is the seventh richest Indian with a net worth of $82. billion. He is in healthcare business of vaccines

Kumar Birla is ranked 8th with a fortune of $7.6 billion.
Steel magnate Lakshmi Mittal occupied the ninth spot with a net worth of $7.4 billion, 

The tenth position was shared by Wipro founder Azim Premji and Sun Pharma founder Dilip Shanghvi with a net worth of $6.1 billion.

Premji who donated a big chunk of his shares in Wipro in 2019 to Azim Premji Foundation. With this donation, Premji brought his total lifetime giving to his education-focused charity to $21 billion.

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