Indian billionaires see wealth increase; Mukesh Ambani back to $100 billion club: Report

The wealth of the country's billionaires has skyrocketed as a result of the robust surge in Indian stock markets that began in mid-March and the return of foreign investors. This has also helped Mukesh Ambani, the chairman of Reliance Industries, whose wealth has surpassed $100 billion once more, and has been added to the top 16 list of the world's richest people.

According to a Bloomberg report, Ambani's wealth had fallen to $81 billion in early March, but a sharp gain of 25 per cent and 29 per cent, respectively, in shares of Reliance Industries and Jio Financial Services thereafter boosted his wealth by nearly $20 billion.

However, his net worth is still about 20 per cent below its all-time high of $120.8 billion recorded in July 2024.

Dilip Sanghvi of Sun Pharmaceuticals and Sunil Mittal of Bharti Airtel have seen their wealth increase by more than $4.9 billion since March. Their wealth is now $28.8 billion and $27.4 billion, respectively. Dilip Sanghvi is just 10 per cent behind his record, and Sunil Mittal is just 1 per cent behind.

DMart founder Radhakishan Damani, OP Jindal Group chairperson Savitri Jindal, and HCL Technologies founder Shiv Nadar also made good gains. Their assets have reached $31.7 billion, $36.4 billion, and $22.8 billion, respectively. However, these are still down 27 per cent, 16 per cent, and 18 per cent, respectively, from their record highs.

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