Stocks & Funds

Seven Indian billionaires added $64 billion to their wealth this year

Indian billionaires stocks rose by 50%

Despite the Covid-19 epidemic, when the world economy is down, there are some stocks that have actually performed well beyond our expectations this year. Among them, we are listing seven Indian billionaires whose shares added $64 billion to their wealth during this year.

Here is the list of Indian billionaires

1. Gautam Adani

Gautam Adani tops the list of Indian billionaires. His wealth jumped by $21.1 billion this year. According to sources, he has invested in many projects in different sectors in different parts of the world. The sectors he invested in are renewable energy, ports, tribals, logistics, etc. He now has assets of $32.4 billion and has earned the position of the second richest person in India.

2. Mukesh Ambani

Mukesh Ambani is a well-known businessman, everyone knows about him. He is the richest person in India and the second richest person in Asia! This year his assets included $ 18.1 billion. All this credit goes to his company Reliance Jio which has raised funds in various ways from different parts of the world. One of the major deals was done with Facebook, which bought a 9.9 percent stake in RIL’s telecom unit Jio, valued at $ 5.7 billion (Rs 43,574 crore). His current assets are $ 76.7 billion.

3. Cyrus Poonawala

Cyrus Poonawala is a well-known name in India, which they also know as Vaccine King! His Serum Institute of India is leading the fight against the coronavirus. His wealth rose by $6.91 billion to $15.6 billion this year.

4. Shiva Nadar and Azim Premji

Shiv Nadar and Azim Premierji added about $12 billion to their assets. Shiv Nadar’s wealth is $22 billion while Azim Premierji has assets of $23.6 billion. The IT sector continues to grow this year.

5. Radha Krishna Damani

Radha Krishna Damani is a chain of DMarts that own hypermarkets. Their wealth has increased from $4.71 billion to $14.4 billion this year. His current net worth is $15.4 billion.

6. Dilip Shanghvi

Dilip Shanghvi is the owner of Sun Pharma, with assets of $ 9.69. He earned assets of $ 2.23 billion this year.

Stock raised this year

Most Gautam Adani stocks grew by 525%. Green Energy shares have increased from 1.63 lakh crores to 26040 crores. Even Adani Gas shares rose by 120%. Adani enterprises grew by 116%, Adani Transmission increased by 28%, Adani Ports and SEZs by 27%.
Adani Power’s stock fell 27.91%.

Mukesh Ambani companies have been listed as the most valued company BSE HADA market value of Rs.13.56 lakh crore from 9.59 lakh crore rupees. The stock was up around 33%.

Other Ambani shares also gained momentum – Hatchway Bhavani Castel and Datacom rose 468%, Hatchway Cable and Datacom rose 468%, Hatchway Cable and Datacom rose 72.38%, network media, and investment 49%. DEN Network grew by 42%, 37% increase in infrastructure.

Shiv Nadar shares rose by 52% while Azim Premierji shares increase by 43.82%. DMart shares rise 40.77%, shares of Sun Pharma gained 31%, and shares of BSE gained 11.5%.

Related: List of the top richest person in India

Editorial Director
I'm Shruti Mishra, Editorial Director @Newsblare Media, growing up in the bustling city of New Delhi, I was always fascinated by the power of words. This love for words and storytelling led me to pursue a career in journalism. In this position, I oversee the editorial team and plan out content strategies for our digital news platform. I am constantly seeking new ways to engage readers with thought-provoking and impactful stories.

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