<p>Reliance Industries chairman Mukesh Ambani retained the top spot as richest Indian for the tenth consecutive year with a net worth of Rs 6.05 lakh crore, according to Hurun Rich List for India.</p>.<p>Ambani, 63, who has been selling stakes in telecom and retail arms lately and has been in a legal fight with Future Retail, moved to the 8th position from number 9, a year ago, at the global level, the report showed.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/opinion/jeff-bezos-versus-mukesh-ambani-isn-t-the-only-fight-in-india-s-retail-957076.html">Jeff Bezos versus Mukesh Ambani isn’t the only fight in India’s retail </a></strong></p>.<p>On the other hand, Landmark company chairman Mukesh Jagtiani is the newest entrant in the list of richest Indians, who is on the 39th position, and globally on the 68th.</p>.<p>The rankings come at a time when the country has been showing signs of recovery after a year of being distraught by the Covid-19 pandemic, which resulted in a deep economic impact on the lives. The fear is that there will be a K-shaped recovery, which will result in more inequalities in society.</p>.<p>The list also identified that, in the last one year, 209 Indians rose to become billionaires, of which 177 live in India. India last year added billionaires at a similar rate to the US despite the ongoing pandemic. </p>.<p>With 177 billionaires residing in India, India has retained the third spot with 55 new additions. At this rate, the nation added more than a billionaire every week.</p>.<p>“Indian wealth creation is dominated by cyclical/ traditional industries compared to tech-driven wealth creation in the US and China. When the tech-driven wealth creation reaches full potential, India could potentially beat the US in terms of the number of billionaires,” said Anas Rahman Junaid, MD and chief researcher, Hurun India.</p>.<p>Meanwhile, on the global front, Asia, for the first time in perhaps hundreds of years, has added more billionaires than the rest of the world combined.</p>
<p>Reliance Industries chairman Mukesh Ambani retained the top spot as richest Indian for the tenth consecutive year with a net worth of Rs 6.05 lakh crore, according to Hurun Rich List for India.</p>.<p>Ambani, 63, who has been selling stakes in telecom and retail arms lately and has been in a legal fight with Future Retail, moved to the 8th position from number 9, a year ago, at the global level, the report showed.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/opinion/jeff-bezos-versus-mukesh-ambani-isn-t-the-only-fight-in-india-s-retail-957076.html">Jeff Bezos versus Mukesh Ambani isn’t the only fight in India’s retail </a></strong></p>.<p>On the other hand, Landmark company chairman Mukesh Jagtiani is the newest entrant in the list of richest Indians, who is on the 39th position, and globally on the 68th.</p>.<p>The rankings come at a time when the country has been showing signs of recovery after a year of being distraught by the Covid-19 pandemic, which resulted in a deep economic impact on the lives. The fear is that there will be a K-shaped recovery, which will result in more inequalities in society.</p>.<p>The list also identified that, in the last one year, 209 Indians rose to become billionaires, of which 177 live in India. India last year added billionaires at a similar rate to the US despite the ongoing pandemic. </p>.<p>With 177 billionaires residing in India, India has retained the third spot with 55 new additions. At this rate, the nation added more than a billionaire every week.</p>.<p>“Indian wealth creation is dominated by cyclical/ traditional industries compared to tech-driven wealth creation in the US and China. When the tech-driven wealth creation reaches full potential, India could potentially beat the US in terms of the number of billionaires,” said Anas Rahman Junaid, MD and chief researcher, Hurun India.</p>.<p>Meanwhile, on the global front, Asia, for the first time in perhaps hundreds of years, has added more billionaires than the rest of the world combined.</p>
