Gautam Adani is leading India’s post-pandemic growth to the world’s fifth-largest economy | News Bharat

Since the outbreak, India’s economy has grown significantly, overtaking the United Kingdom to become the world’s fifth largest, largely thanks to Gautam Adani. For the first time since 2008, he changed the hierarchy at the top. Adani, who nearly tripled his wealth in 2021, increased it to $150 billion in 2022 to become the world’s second-richest person.

Over the next ten years, Adani said it would invest $100 billion, with 70% of that amount going to renewable energy. The Adani Group chief, whose net worth is Rs 1,211,460.11 crore, owns India’s largest port at Mundra in Gujarat

The biggest drag on the Indian stock market from a year ago was the weaker rupee, which fell 10% during that time. However, the combined wealth of India’s top 100 earners increased by $25 billion to reach $800 billion.

Read also: Billionaire Gautam Adani overcame 1,600 crores a day as his wealth doubled in a year

Mukesh Ambani, chairman and managing director of Reliance Industries, is ranked second among the richest people in India. His current net worth is $88 billion, a 5% decline from 2021. According to calculations, the combined wealth of the nation’s richest people is accounted for by Mukesh Ambani and Gautam Adani to the tune of 30%.

Third on the list is Radhakishan Damani, owner of the DMart chain of stores. Serum Institute’s Cyrus Poonawala follows him. Poonawala has a net worth of $21.5 billion while Damani has $27.6 billion.

Read also: Can Gautam Adani win over India with an app?

According to Forbes, India’s richest woman is Savitri Jindal, chairman of the OP Jindal Group. She has a net worth of $16.4 billion, making her the only female billionaire in the country.

Among the notable decliners is Vijay Shekhar Sharma, whose shares of One97 Communications, parent of Paytm, tumbled amid the global tech meltdown. The threshold for the top 100 was $1.9 billion, which is almost the same as the previous year’s threshold of $1.94 billion.

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