Gautam Adani and his family have secured the top spot in the 2024 Hurun India Rich List, with a wealth of ₹ 11.6 lakh crore, surpassing Mukesh Ambani.
In 2020, Mr Adani was fourth on the list. Mr Adani’s wealth has surged by 95 per cent in the last one year. His rise is marked by recovery following the Hindenburg report, which had raised significant scrutiny.
In 2023’s report, Mr. Adani’s wealth declined by 57% to ₹4.74 lakh crore, and Mr. Ambani was way ahead with a fortune of ₹8.08 lakh crore.
It can be noted that Mr. Adani’s net worth declined sharply following various allegations levelled by U.S.-based short seller Hindenburg Research. The conglomerate has denied all the allegations.
In the 2014 edition, Hurun had pegged Mr. Adani’s fortunes at ₹44,000 crore, which made him the tenth richest Indian then.
Shiv Nadar and family of HCL gained one spot to be the third richest with a networth of ₹3.14 lakh crore, while Serum Institute of India’s Cyrus Poonawalla slipped by one notch to the fourth position with a net worth of ₹2.89 lakh crore in 2024.
