Key Points
The collective wealth of India's 100 richest tycoons surpassed the trillion dollar milestone for the first time as more than 80 per cent of the country's richest tycoons are now wealthier than they were a year ago, a Forbes report showed on Thursday...
In a record-breaking year, India's wealthiest are now worth $1.1 trillion, more than twice as rich as they were in 2019, according to the Forbes list of India's top 100 billionaires...
The biggest dollar gainer is infrastructure magnate Gautam Adani, who posted a strong recovery from last year's short-selling attack and recently placed his sons and nephews in key positions, the report noted...
According to the report, India's wealthiest added $316 billion or nearly 40 per cent in just the past 12 months, as investor enthusiasm about the country's growth story remains robust under Prime Minister Narendra Modi's third term...
From the Godrej family, brothers Adi and Nadir Godrej, who control listed companies under the Godrej Industries Group, and their cousins Jamshyd Godrej and Smita Crishna Godrej, who control privately-held flagship Godrej & Boyce under the Godrej Enterprises Group, are on the list...
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