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India witnessed 20% increase in wealth among super-rich during Covid

India’s super-rich personalities have increased their wealth by 20% during Kovid-19, more than double the net market capitalization of all listed companies. This is the fastest increase in net market capitalization of all listed companies. The number of people with more than 1000 crores in IIFL’s money barrier list has increased from 8 to 828 in 2020.

Anil Ambani, the founder of Reliance Company, topped the list with 6.6 lakh crore, his wealth has increased by 73%. He is the richest Asian and fourth richest person in the world.

The value of 828 persons in the list of $8 billion. The share price of dependencies has also increased. The founders of Flipkart, Amod Malviya, Sujit Kumar, and Vaibhav Gupta with assets of 13,100,000.

They had increased their wealth by 274% due to a strong investor for his new business udaan which is a B2B e-commerce portal. They topped for second place in the second year. The value of the UDAN was 20000 crores in October 2019 and 52500 crores in February 2020.

Thomas Kurian of Google Cloud topped the list with a wealth of 1300 crores, with Ajaypal Singh Banga of MasterCard 7200 crores, Nikesh Arora of Palo Alto Networks 6500, Satya Nadella of Microsoft 5900 crores, Sundar Pichai 5900 crores, Indira Nooyi comprising 3500 crores in naval Noronha Off Avenue Supermarts is the richest CEO based in India.

This year the cut-off for the top 10 increased from 65 to Rs 76000 crore.
Anun Rehman Junaid, MD and Chief Researcher at Hurun India felt that this list is not exhaustive, assuming everyone that we have found that we have probably missed two, it is likely that India today has 3000 persons with Rs. 1000 crores.

Pharmaceuticals lead the pack with 122 super-rich individuals on the list, chemicals with 55 individuals and chemicals with 50 individuals, software, and services with 50 components, food, and beverage, manufacturing, and engineering, etc. are important Contributor for IIFL Wealth Reindeer India Prosperous List 2020.

Related: These firms raised Rs. 3 lakh crores to their market capitalisation last week


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