Gautam Adani surpasses Mukesh Ambani to become richest Indian according to 2024 Hurun India Rich List
The Hindu
Adani's networth skyrockets to ₹11.6 lakh crore, surpassing Ambani as India's richest, according to 2024 Hurun India Rich List.
Recouping the dent caused by the Hindenburg Research report, Gautam Adani's networth shot up 95% to ₹11.6 lakh crore last year, which helped him replace Mukesh Ambani to become the richest Indian, a report said on Thursday.
Reliance Industries Chairman and Managing Director Mr. Ambani's overall networth increased by 25% to ₹10.14 lakh crore, as per the 2024 Hurun India Rich List.
In 2023's report, Mr. Adani's wealth declined by 57% to ₹4.74 lakh crore, and Mr. Ambani was way ahead with a fortune of ₹8.08 lakh crore.
It can be noted that Mr. Adani's net worth declined sharply following various allegations levelled by U.S.-based short seller Hindenburg Research. The conglomerate has denied all the allegations.
In the 2014 edition, Hurun had pegged Mr. Adani's fortunes at ₹44,000 crore, which made him the tenth richest Indian then.
Shiv Nadar and family of HCL gained one spot to be the third richest with a networth of ₹3.14 lakh crore, while Serum Institute of India's Cyrus Poonawalla slipped by one notch to the fourth position with a net worth of ₹2.89 lakh crore in 2024.
Sun Pharmaceuticals' Dilip Shanghvi continued his ascent on the list, securing the fifth richest tag against sixth last year with a networth of ₹2.50 lakh crore.
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