These 6 Indians Earned Rs 34,000 Crore In Last 180 Days During Pandemic! But How?
Indian billionaires added $44.75 billion to their fortunes in the first 6 months of 2021 despite the pandemic’s devastating second wave.
There have been 6 Indian billionaires who, according to Bloomberg Billionaire Index, have accrued wealth in the first half of the year.
Adani Group chairperson Gautam Adani saw a rise in his fortune from $27.4 billion to $61.2 billion this year despite a sharp sell-off in his company’s stocks earlier this month.
He is presently the 19th richest person in the world.
His fortune saw a peak of $84 billion in June but he had a turbulent few weeks in which accounts of three key foreign investors were frozen by depository NSDL, triggering a sharp sell off of Adani Group stocks.
As of June 29, shares of Adani Enterprises soared 220 % to Rs 1,523.55.
Adani Total Gas, Adani Transmission and Adani Power also rose between 135% to 185 % in the first half of the year
Mukesh Ambani, who is presently the richest Asian, saw a growth in his wealth of $2.61 billion, taking his net worth to $79.3 billion.
He is currently the 12th richest person in the world and has recently announced his plans to invest Rs 75,000 crore to make Reliance Industries a green business and attain net carbon zero by 2035.
Azim Premji, founding chairman of Wipro, added $7.34 billion to his name, taking his net worth to $32.7 billion.
Shiv Nadar, founder and chairman of HCL Technologies, added an amount shy of $1 billion to his wealth in the past 6 months, taking his net worth to $25 billion.
Other Billionaires Whose Fortunes Rose
ArcelorMittal’s Lakshmi Mittal achieved gains of $4.1 billion, taking his valuation to over $20.5 billion.
Dmart’s Radhakishan Damani added $2.43 billion to take his total wealth to $17.4 billion.
Other billionaires who also had a fruitful 6 months include Savitri Jindal of OP Jindal group, Dilip Shanghvi of Sun Pharma, Kumar Mangalam Birla of Aditya Birla Group, Nusli Wadia of Wadia Group, all of whom increased their wealth between $1 billion to $4.3 billion.
The Unlucky Ones
Two billionaires have had a reversal of fortune when they lost $4 billion of their cumulative wealth.
Cyrus Poonawalla of Serum Institute of India (SII) and Uday Kotak of Kotak Mahindra Bank, Asia’s richest bank, have lost nearly $2 billion each.
They both own over $14.3 billion each.
It seems that despite Poonawalla’s SII-produced Covishield vaccine’s success, it didn’t help in increasing his fortune.