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Mukesh Ambani enters top 10 of M3M Hurun Global Rich List

Adani Group Chairman Gautam Adani added the most amount of wealth, which was nearly Rs 6000 crore every week, over the last year.

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Mumbai: Owning wealth valued at USD 103 billion, Reliance Industries Chairman Mukesh Ambani is the only Indian to enter the top 10 of the 2022 M3M Hurun Global Rich List.

According to the report released by Hurun India and M3M India, with a net addition of USD 49 billion, Adani Group Chairman Gautam Adani added the most amount of wealth, which was nearly Rs 6000 crore every week, over the last year.

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The 2022 M3M Hurun Global Rich List says that there are a total of 3,381 billionaires in the world, up 153 from last year.

“With a wealth of USD 103 billion, Mukesh Ambani, who is Asia’s richest, is the only Indian to enter the top 10 in 2022 M3M Hurun Global India Rich List. His wealth registered a 24 per cent increase,” the report said.

The report highlighted that with 215 billionaires residing in India and 58 new additions, India continues to be the third largest billionaire producing nation on the world. This number increases to 249 if Indian origin billionaires are also added to the list says the report.

Over the last 10 years, Indian billionaires, mentioned in the latest list, added around USD 700 billion to their cumulative wealth, which is equivalent to Switzerland’s GDP and twice the GDP of UAE. While Adani is the richest energy entrepreneur, Ambani is the richest telecom entrepreneur in the 2022 M3M Hurun Global Rich List said.

Interestingly, improving 72 ranks over the last five years, Serum Institute of India’s Chairman Cyrus Poonawalla ranked 55th, emerging as the richest healthcare billionaire in the world.

His wealth registered a 41 per cent increase to cumulate at USD 26 billion, the report said. Lakshmi Mittal, Executive Chairman of Arcelor Mittal, has emerged as the second richest metals and mining entrepreneur in the world with a wealth of USD 25 billion, while Kotak Mahindra Bank Managing Director and CEO has emerged as the third richest banker in the world with a wealth of USD 16 billion.

According to the report, wealth of billionaires has hit new records to USD 15.2 trillion, up four per cent, despite the Russia-Ukraine war and the continued Covid-19 impact.

“Over the last few years, wealth creation by India Inc. has catapulted the economic growth in the country. Interestingly, 59 per cent of the country’s billionaires are self-made, thus indicating that the new-generation entrepreneurs are financially-wise, asset-rich and investment-vibrant,” Pankaj Bansal, Director, M3M India said. 

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