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BUSINESS EYE OCTOBER 21, 2022 | The Indian Eye 40

Combined wealth of India’s 100 richest

on Forbes list rises to $800 billion

A weaker rupee impacted the majority of the richest but that was offset by Gautam

Adani’s record gain, which made him the new number one on the list

meals were distributed to frontline
OUR BUREAU
workers and vulnerable communities.
Singapore Susmita and Subroto Bagchi,
alongside Radha and NS Parthasara-
he collective wealth of tycoons thy ranked fifth with a combined do-
on the 2022 Forbes list of In-
Tdia’s 100 Richest grew USD 25 nation of Rs R 425 crore to the Indi-
an Institute of Science (IISc). With
billion to USD 800 billion, according
a donation of Rs 190 crore, Gautam
to a Forbes Asia. Adani & family, 60, ranks 7th. Adani
The Forbes statement released
last week said a weaker rupee im- Foundation works in Education,
Community Health, Sustainable Live-
pacted the majority of the richest but
that was offset by Gautam Adani’s lihood, and Community Infrastruc-
ture Development in alignment with
record gain, which made him the new the Sustainable Development Goals.
number one on the list. The list can The Foundation donated Rs 122 crore
also be found in the October issue of to support Covid related relief efforts
Forbes Asia and the November issue across the country.
of Forbes India. India’s post-pandem-
ic demand revival powered its econo-
my to become the fifth-largest in the Adani Group’s indirect
world, surpassing the U.K. subsidiary makes open
“The increase in the collective net offer to NDTV shareholders
worth of the 100 richest was largely he Adani Group informed
due to infrastructure tycoon Gautam
both exchanges, BSE and
Adani’s rise, which changed the peck- TNSE, that its indirect subsid-
ing order at the top for the first time iary, Vishvapradhan Commercial
since 2008. After nearly tripling his
wealth in 2021, Adani doubled his net Pvt Limited (VCPL), had made an
open offer to the public sharehold-
worth this year to USD150 billion to ers of New Delhi Television Ltd, on
become the number one and also, for
a while, the second richest person on Wednesday. The manager of the
open offer, JM Financial Limited, ad-
the planet,” Forbes Asia said. dressed a letter to the Securities and
The biggest gainer this year in
both percentage and dollar terms, Exchange Board of India (Sebi) on
Adani announced that he would be in- Adani Group Chairman Gautam Adani lights a lamp at the inauguration of Invest Rajasthan Wednesday. The Group statement
indicated that the decision to acquire
vesting USD100 billion over the next Summit 2022 in Jaipur recently (ANI) NDTV was arrived at in furtherance
decade, with 70per cent of it in green of the Group’s objective to set up a
energy, the release adds. credible next-generation media plat-
Mukesh Ambani, who controls HCL Technologies with a net worth of 1,161 crore and Wipro’s Azim Prem-
Reliance Industries, the energy to USD21.4 billion, down by USD9.6 bil- ji slipped to the second spot with an form with emphasis on digital and
broadcast segments and that NDTV
telecom giant, is at number two with lion from the year before. annual donation of Rs 484 crore. The is a suitable broadcast and digital
USD88 billion, down 5per cent from Naazneen Karmali, Asia Wealth third and the fourth spot were occu- platform to deliver on this vision.
last year. Between them, Adani and Editor and India Editor of Forbes Asia, pied by Reliance Industries chairman
While the underlying transac-
Ambani now account for 30per cent of said: “India’s post-pandemic recovery Mukesh Ambani and Aditya Birla tion has not been consummated due
the total wealth of India’s 100 richest. story is one of opportunities created Group chairman Kumar Mangalam to the stance being taken by
The country’s retailing king, Rad- by a resurgence in domestic demand Birla, respectively. Ambani donated
RRPR, the Group said VCPL
hakishan Damani, who owns the amid challenges from external fac- Rs 411 crore in a year, and Birla do- was committed to its vision and in-
DMart supermarket chain, broke into tors. Gautam Adani’s remarkable nated Rs 242 crore in the same period. tends to proceed with the open offer
the top three for the first time though ascendancy to the top spot and the Reliance’s Mukesh Ambani chan- in accordance with the provisions of
his net worth declined 6per cent to addition of so many newcomers to the nelizes his charitable activities through the Sebi Regulations, 2011. RRPR
USD27.6 billion. 100 richest ranks this year, epitomize Reliance foundation with focus on ed- is a promoter group company of
Another year of bumper profits the country’s entrepreneurial spirit.” ucation and healthcare. Reliance pro-
from Covid-19 vaccines pushed up In- Meanwhile, another report says duced 1,000 tonne of oxygen every day NDTV and holds 29.18 per cent
stake in NDTV.
dia’s vaccine baron Cyrus Poonawal- that industrialist and founder of during the second wave and provided The statement said VCPL re-af-
la to fourth place with a fortune of HCL Technologies Shiv Nadar has it free to states for over 1 lakh patients. firms its commitment to completing
USD21.5 billion. Rounding out the reclaimed ‘India’s most generous’ ti- Besides, it set up 2,000 beds hospital the open offer process.
top five is Shiv Nadar of software giant tle with an annual donation of Rs for Covid care. Over 8.5 crore free

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