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Mukesh Ambani Net Worth: Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has once again secured the top spot on Forbes’ 2024 list of India’s 100 richest individuals. This year marks a major milestone, as the collective net worth of India’s wealthiest crossed the $1 trillion mark for the first time, according to Forbes.
Mukesh Ambani: Net Worth
Ambani, who recently announced bonus shares as a Diwali gift for Reliance shareholders, saw a significant rise in his wealth. His fortune grew by $27.5 billion in the past year. It will be equal to Rs 23088 crore if translated into Indian Rupees. The surge in wealth brings his total net worth to $108.3 billion. This also makes him the 13th richest person in the world. In total, his wealth is valued at $119.5 billion, according to Forbes.
Top 10 Richest Individuals In India For 2024
The top 10 richest individuals in India for 2024 are led by Mukesh Ambani, whose net worth stands at $119.5 billion. He is closely followed by Gautam Adani with a fortune of $116 billion. Savitri Jindal holds third place with a wealth of $43.7 billion, while Shiv Nadar ranks fourth with $40.2 billion.
Dilip Shanghvi is in fifth position with a net worth of $32.4 billion, followed by Radhakishan Damani at $31.5 billion. Sunil Mittal is seventh on the list with $30.7 billion, and Kumar Birla comes in eighth with $24.8 billion. In ninth place is Cyrus Poonawalla with a fortune of $24.5 billion, while the Bajaj family rounds out the top ten with $23.4 billion.
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Why Wealth of Indian Biz Tycoons Surged?
Forbes noted that the combined wealth of India’s top 100 billionaires surged by 40 per cent, from $799 billion in 2023 to an impressive $1.1 trillion in 2024. This jump was largely fueled by a booming stock market, a surge in IPOs, and the increasing role of mutual funds.
"The market frenzy has hit new heights, with the BSE Sensex climbing 30 per cent in the last year," Forbes said. It further added that over 80 per cent of those on the list saw their wealth grow, with 58 individuals adding $1 billion or more to their fortunes.
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