Indian Billionaires

India, which has the third-most billionaires, with 169, had a more mixed year. Indian billionaires as a group - worth $675 billion - are $75 billion poorer than in 2022

Despite an erosion of 20 per cent or $21 billion in wealth, Reliance Industries' Chairman and Managing Director Mukesh Ambani continues to be at the top 10 wealthiest individuals

The experience of South Korea, Japan and Russia has shown that the conglomerate model often comes with political connections, but such comparisons can be overblown, writes T N Ninan

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list

Oxfam study points to sharpening inequality

As both he and PM Modi are from the same state, it makes him the easy target of baseless allegations, says Adani

He was the only one in the top-5 billionaire who did not see a wealth decline over the last year

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.

Eight firms controlled by Adani's ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index's surge since end-June

An announcement on Karan's appointment could come as soon as Friday, the people said. A representative for Adani Group declined to comment.

Gautam Adani's wealth surged to make him the second richest man in the world, led by a sharp rally in the Adani Group stocks.

Ambani's Reliance Jio Infocomm Ltd. is the top player in India's mobile market, while the Adani Group doesn't even have a license to offer wireless telecommunications services

Mistry and his family control the Shapoorji Pallonji Group, which started more than 150 years ago and today employs more than 50,000 people in over 50 countries

While India had 764,000 dollar-millionaires in 2019 by one account, just 316,000 filed tax returns declaring income of over $75,000. Large-scale I-T evasion may still be taking place, notes T N Ninan

Business Standard brings you the top headlines on Monday

In India, during the pandemic (since March 2020, through to Nov 30, 2021) the wealth of billionaires increased from Rs 23.14 trn to Rs 53.16 trn, according to non-profit Oxfam India's latest report

India added 40 billionaires to 142 last year, when a second wave of Covid overwhelmed its health infrastructure and pushed crematoriums and burial grounds to breaking point, says the report

A record 40 promoters entered the club in 2021, beating the previous high of 24 in FY10

Falguni Nayar joined the rarefied ranks of self-made billionaire women this week as the beauty startup she founded went public.

The number of billionaires in India came down to 136 in 2020-21 from 141 in 2019-20, based on the gross total income declared in the income tax return, FM Nirmala Sitharaman informed Parliament