Over the past 10 years, while Ambani’s wealth has grown 400 percent, Adani has grown 1,830 percent, the list said.

Gautam Adani, the second richest person in India and Asia, added $49 billion to his net worth last year — more than the net addition of wealth by the top three global billionaires Elon Musk, Jeff Bezos and Bernard Arnault, the 2022 M3M Hurun Global Rich List said Wednesday.

Mukesh Ambani, who runs oil conglomerate Reliance Industries, remains the richest Indian with a net worth of $103 billion, up 24 percent year on year.

Adani, the head of the port-to-energy conglomerate Adani Group, is a close second with his wealth rising 153% to $81 billion.
Over the past 10 years, while Ambani’s wealth has grown 400 percent, Adani has grown 1,830 percent, the list said.

HCL’s Shiv Nadar ranks third with a net worth of $28 billion, followed by Serum Institute’s Cyrus Poonawalla ($26 billion) and steel magnate Lakshmi N Mittal ($25 billion).

“Gautam Adani, 59, is the biggest climber in the M3M Hurun Global List 2022, adding $49 billion to his net worth last year,” M3M Hurun Global Rich List said in a statement. His net worth is “more than the top three global billionaires such as Elon Musk, Jeff Bezos and Bernard Arnault.” After the IPO of renewable energy company Adani Green, its wealth increased nearly fivefold to $81 billion, from $17 billion in 2020.

Ambani’s net worth grew by $20 billion in 2021.

Nykaa founder Falguni Nayar (USD 7.6 billion) is the richest entrant to the Hurun Global Rich List 2022.

The 2022 M3M Hurun Global Rich List ranked 3,381 billionaires from 2,557 companies and 69 countries, the statement said.
Anas Rahman Junaid, MD and lead researcher, said India ranks third not only in terms of the number of billionaires, but also in terms of the number of billionaires who have added at least a billion dollars to their wealth.

“Over the past 10 years, Indian billionaires have added about $700 billion to their cumulative wealth – this is equal to Switzerland’s GDP and twice the GDP of the UAE!” he said.

India, he said, has 18 percent of the world’s population and 8 percent of the world’s “known” billionaires, up from 4.9 percent five years ago.
India has 215 billionaires compared to 1,133 Chinese billionaires and 716 Americans.

According to the statement, Adani is the largest wealth acquirer in the 2022 list, followed by Google co-founders Larry Page and Sergey Brin and founder and CEO of luxury goods conglomerate LVMH, Bernard Arnault (addition of $39 billion).

Ambani ranks 8th in terms of adding wealth.
According to the list, Ambani’s wealth was $45 billion five years ago and $20.5 billion ten years ago. Adani was worth $8.8 billion ten years ago and $14 billion five years ago.

With a net worth of USD 23 billion each, Radhakishan Damani of Avenue Supermarts and Hinduja’s SP Hinduja made it into the top 100 of the M3M Hurun Global Rich List for the first time in 2022.


This post Adani Adds $49 Billion Equity in 2021, More Than Jeff Bezos, Elon Musk was original published at “https://www.financialexpress.com/industry/adani-adds-49-bn-wealth-in-2021-higher-than-jeff-bezos-elon-musk/2463130/”

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