In 2020, Mukesh Ambani Earned Rs 480 Crore Per Day

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram
Mukesh Ambani

The Covid-19 did not impact in any way the business tycoons as the stock markets remained unfazed during the period. On top of the rich list is Reliance Industries Ltd Chairman & Managing Director, Mukesh Ambani. His wealth grew by 47% in 2019 whereas in 2020 it went up by 37.2% to reach a mind-numbing $87.5 billion or Rs 6.44 lakh crore. He added $21.5 billion to his net worth in 2020, which translates to Rs 480 crore per day.

Gautam Adani of Adani Group was not behind and he topped the charts with a 100% increase in his wealth from $21 billion in 2019 to $40 billion. The wealth of Azim Premji of Wipro, HCL Technologies’ Shiv Nadar, and Infosys founders grew in the range of 55-67% during the period. Other winners were Radhakishan Damani up 41%, Dilip Sanghvi up 36%, and Bharti Airtel’s Sunil Mittal, up 21%.

According to a Business Standard report, India’s billionaire count reached an all-time high in 2020 owing to the stock market rally during the year. India’s super-rich club, in dollar terms, grew to 90 this year from 80 at the end of 2019. The combined wealth of these 90 tycoons stood at $483 billion or Rs 35,57,900 crore (at current USD-INR rates), registering a spike of 33% in 2020 from $364 billion recorded at the end of 2019.

The wealth of these 90 super-rich individuals is equivalent to nearly a fifth of India’s gross domestic product (GDP).

About the author: IE&M Team
IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

More articles by the author

Table of Contents