As Mukesh Ambani dethrones Jack Ma, here are the other four on the Forbes India list
1/5
Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India's 10 richest billionaires with a net worth of $84.5 billion. China’s Jack Ma, Asia's richest person a year ago, has a net worth of $48.4 billion. Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries' net debt to zero by 2021. "He also sold a third of telecom unit Jio to marquee investors such as Facebook and Google and offloaded 10 percent of Reliance Retail to private equity firms such as KKR and General Atlantic, plus concluded a $7.3 billion rights issue of Reliance shares," Forbes said.
2/5
Gautam Adani
The second richest Indian, Adani, diversified the group's business and has taken a significant share in India's airport management and operations business has a net worth of $50.5 billion. Adani acquired a 74 per cent stake in Mumbai International Airport, the country's second-busiest, last September. He also sold 20 per cent in his listed renewables firm, Adani Green Energy, to French energy giant Total for $2.5 billion.
3/5
Shiv Nadar
The third richest Indian is HCL founder Shiv Nadar as per the Forbes list of India's 10 Richest Billionaires 2021, with a net worth of $23.5 billion. Last July, Nadar stepped down as chairman of $9.9 billion (revenues) HCL Technologies, handing over the position to his daughter, Roshni Nadar Malhotra. “The three richest Indians alone have added just over USD 100 billion between them,” Forbes said.
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4/5
Radhakishan Damani
Avenue Supermarts' founder Radhakishan Damani ($16.5 billion) came in fourth.
5/5
Uday Kotak
Kotak Mahindra Bank MD Uday Kotak ($15.9 billion) took the fifth spot in the list.