The pandemic affected every section of the society and many lost their livelihoods while others faced losses in their business. But at the same time, some sectors of the economy were affected positively and ended up making a profit throughout. The IIFL Wealth Harun India Rich List has revealed that the combined wealth of India’s richest people has increased twice despite the challenges presented by the Coronavirus pandemic. Harun India’s report mentions that the cumulative wealth of the richest people is $823 billion. It is one-third of India’s GDP (Gross Domestic Product) , the combined GDP of Pakistan, Sri Lanka, Bangladesh, Afghanistan, and Bhutan. Here’s the list of India’s richest people whose profit defied challenges created by the pandemic:
10- Cyrus and Shapoorji Pallonji: Sharing the 10th spot with a wealth of 76,000 crores, the biggest asset of SP Group is an 18.4 per cent stake in Tata Sons.
9- Dilip Shanghvi: With an increase of 17 per cent, founder of Sun Pharmaceuticals, Dilip Shanghvi claims the 9th spot with a wealth of Rs 84,000 crore.
8- Uday Kotak: Founder, managing director and promoter of Kotak Mahindra Bank, Uday Kotak is on the 8th spot of the list with a wealth of Rs 87,000 crore.
7- Radhakishan Damani: Debutant of the list and the founder of Avenue Supermarts, Radhakishan Damani claims 7th spot in the list with a wealth of Rs 87,200 crore.
6- Cyrus Poonawalla: Founder of Serum Institute of India, Cyrus Poonawalla claims the 6th position in the list with his wealth count of Rs 94,300 crore and it grew by 6 per cent.
5- Azim Premji: Claiming the 5th spot and moving down by two places, Azim Premji owns the wealth of Rs 1,14,400 crore.
4- Gautam Adani: Climbing up by two places, Gautam Adani owns the 4th position in the list whose net worth increased by 48 percent. This is for the first time when Adani has found a spot in the top 5.
3- Shiv Nadar: Jumping up to two places, founder of HCL technologies, Shiv Nadar has claimed the 3rd place in the list with Rs 1,41,700 crore. His daughter Roshni who took over the company in July has topped the Harun India 2020 list of Richest Women of the country with a net worth of 54,850 crores.
2- Hinduja Brothers: Among the world's richest families, Hinduja Brothers are featured on the 2nd spot of the list with a wealth of Rs 1,43,700 crore. Throughout the year, their wealth has seen a drop of 23 percent, and the bad performance of Hinduja's flagship companies like IndusInd Bank, Gulf Oil, and GOCL Corporation Limited, is being cited as a reason behind the drop.
