According to the Hurun Global Rich List, which was published on Wednesday, Mukesh Ambani, the chairman of Reliance Industries (RIL) and the richest man in Asia, is the only Indian to appear on the list of the top 10 billionaires in the world.
According to the report titled “The 2023 M3M Hurun Global Rich List” that was put together by research platform Hurun in collaboration with real estate group M3M, the head of RIL maintained ninth place globally despite a 20% decline in wealth with a net worth of $82 billion. The billionaire has also continued to hold the title of richest Asian for a third straight year. The RIL CEO celebrated 20 years in charge of Reliance, a span during which the conglomerate’s revenues increased 17-fold and its profit increased 20-fold.
With a net worth of $53 billion, Ambani led the list of billionaires in India, followed by Gautam Adani. Third place went to Cyrus Poonawalla, whose wealth was $28 billion. Lakshmi Mittal is in fifth place with $20 billion, followed by Shiv Nadar and his family in fourth place with $27 billion.
The study also revealed that after the explosive Hindenburg Research report in January 2023, Adani lost $28 billion in value, or 3,000 crore per week, in 2022–2023. The conglomerate has refuted the allegations, which include that the Adani Group participated in blatant stock manipulation, an accounting fraud scheme, improper use of offshore tax havens, and raising worries about the group’s large debt.
Jeff Bezos, the creator of Amazon, has seen the greatest dollar-based wealth loss over the past year. Greater than the combined losses incurred by Ambani and Adani, the billionaire entrepreneur has lost $70 billion in personal wealth.
According to the research, Bezos tops the list of the largest losers, while Adani and Ambani are ranked sixth and seventh, respectively. The wealth of the Amazon CEO is $118 billion, compared to $53 billion and $82 billion for Adani and Ambani, respectively.