7 richest Indians who're from Maharashtra

Mukesh Ambani has emerged as the richest man in India, for the third consecutive year in IIFL Wealth Hurun India Rich List 2020. But that’s not really a jaw-dropping stat anymore, is it? What will, however, make your jaw drop is the fact that Mukesh Ambani has gained Rs 90 crore/hour since the beginning of the lockdown in March. According to the key findings of the IIFL Wealth Hurun India Rich List, his wealth increased by Rs 2,77,700 crore to Rs 6,58,400 crore.

Another interesting key finding from the report stated that 828 individuals, across 111 cities, have amassed a wealth of Rs 1,000 crore, which is up three-fold as compared to five years ago in India. This year, also marked the entry of Avenue Supermarts' founder Radhakishan Damani in the Top 10 Wealthiest Individuals list. Notably, seven of the ten individuals in this specific list hail from Maharashtra. Scroll through this feature to find out who they are.

7 of the richest people in India hail from Maharashtra, including Mukesh Ambani and Radhakishan Damani

1. Mukesh Ambani

Wealth: Rs 6,58,400 crore

Mukesh Ambani’s Wikipedia page dubs him as an ‘Indian billionaire business magnate,’ and as much as I avoid citing Wikipedia, there’s no better way to introduce the Chairman & Managing Director of Reliance. The report states that while at the beginning of the Covid-19 pandemic, Mukesh Ambani’s wealth dropped by 28% to Rs 3,50,000 crore, he was quickly able to regain this amount, and a whole lot more by a series of fundraising and strategic investments from Facebook, Google and so on into Jio and Reliance Retail. “His valuation registered a “V shaped recovery” and increased by 85% in 4 months.” “Ambani’s wealth is now bigger than the combined wealth of the next 5 in the list,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

2. Hinduja brothers

Wealth: Rs 1,43,700 crore

The illustrious Hinduja brothers, Prakash, Ashok, Srichand and Gopichand, who have residences in Maharashtra, UK and Switzerland bagged the second spot in the Top 10 Wealthiest Individuals list at Rs 1,43,700 crore, despite seeing a valuation drop of 23% in their flagship companies: IndusInd Bank, Gulf Oil and GOCL Corporation Limited.

3. Cyrus S Poonawalla

Wealth: Rs 94,300 crore

A name the whole world’s become very well versed with during the lockdown is that of Cyrus S Poonawalla, the founder of Serum Institute of India (SII). He has bagged the sixth spot in the list with Rs 94,300 crore – after his wealth increased by 6%. Notably, in June 2020, Poonawalla also debuted in the top 100 in Hurun Global Rich List and in August, SII announced its partnership with the Bill and Melinda Gates Foundation to deliver up to 100 million doses of the COVID vaccine to India and other low and middle-income countries.

4. Radhakishan Damani & Family

Wealth: Rs 87,200 crore

Radhakishan Damani, the founder of Avenue Supermarts, popularly known as DMart, made a grand entry into the top ten wealthiest list for the first time in the IIFL Wealth Hurun India Rich List with Rs 87,200 crore. He ranked seventh on the list. According to the report, “since its IPO in 2017, Avenue Supermarts’ share price has increased by more than 250% and his rank in the list increased by 23 places.”

5. Uday Kotak

Wealth: Rs 87,000 crore

India’s richest banker, the MD and CEO of Kotak Mahindra Bank, Uday Kotak occupies the eight spot on the list. He, like the Hinduja brothers, also witnessed a drop in his recent profits and yet managed to make it to as a member of the top ten club with Rs 87,000 crore.

Read the original article:

GQ India