Adani replaces Ambani as India’s richest man

Zepto’s co-founders Kaivalya Vohra and Aadit Palicha, in their early 20s, were the youngest on the list with a networth of Rs3,600 cr and Rs4,300 cr, respectively. 16 professionals also made it to the list

Mumbai: Recouping the dent caused by the Hindenburg Research report, Gautam Adani’s networth shot up 95 per cent to Rs11.6 lakh crore last year, which helped him replace Mukesh Ambani to become the richest Indian, a report said on Thursday.They followed by Shiv Nadar and the family of HCL Technologies at the third place with a wealth of Rs3,14,000 crore.

Reliance Industries Chairman and Managing Director Ambani’s overall networth increased by 25 per cent to Rs10.14 lakh crore, as per the 2024 Hurun India Rich List. In 2023’s report, Adani’s wealth declined by 57 per cent to Rs4.74 lakh crore, and Ambani was way ahead with a fortune of Rs8.08 lakh crore. It can be noted that Adani’s networth declined sharply following various allegations levelled by US-based short seller Hindenburg Research.

The conglomerate has denied all the allegations. In the 2014 edition, Hurun had pegged Adani’s fortunes at Rs44,000 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 Rs3.14 lakh crore, while Cyrus Poonawalla slipped by one notch to the fourth position.