IIFL Wealth Hurun India Rich List 2020: Here is a look at some interesting facts

SUMMARY

Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped the list of richest Indians, according to the IIFL Wealth Hurun India Rich List 2020. As per the latest list, the number of Indians having a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019. The combined wealth of the people on the list is around $821 billion -- 20 percent of India's GDP. Here are some interesting details that emerged from the list.

By Pradeep Suresh Sept 30, 2020 11:33:35 PM IST (Published)

Reliance Industries (RIL) Chairman Mukesh Ambani has topped the list of richest Indians, according to the IIFL Wealth Hurun India Rich List 2020. As per the latest list, the number of Indians having a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019. The combined wealth of the people on the list is around $821 billion -- 20 percent of India's GDP. Here are some interesting details that emerged from the list.

Mukesh Ambani retained the top spot for the ninth consecutive year. The RIL chairman, who has seen his fortune grow significantly despite the ongoing COVID-19 crisis has a net worth of Rs 6,58,400 crore. Ambani’s wealth increased at the rate of Rs 90 crore per our since lockdown began in March.

The high and mighty have not been immune to the effects of the ongoing economic downturn following the COVID-19 pandemic. The report found that the number of Indians having a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019.

While the current economic troubles have adversely affected most sectors, there are some exceptions. As per the report, the pharmaceutical sector witnessed a 21 percent increase in wealth this year.

Radhakrishan Damani, the founder of Avenue Supermarts, made it to the top ten following a 56 percent rise in his wealth after the share price increased by 51 percent.

At 26, Oyo Rooms' Ritesh Agarwal is the youngest member on the list.

96-year-old Dharam Pal Gulati of MDH is the oldest person on the list

The list is notable for under-representation of women with only 40 individuals finding a place on the top 200 list. Smita Crishna-Godrej secured 28th rank to emerge as the richest women followed by Kiran Mazumdar-Shaw who took the 34th spot and Manju D Gupta occupied the 47th position.