According to Fortune India’s list of “India’s Richest’ for 2022, the wealth of 142 billionaires based in India is collectively worth USD 832 billion (Rs 66.36 trillion).

Highlights

  • According to Forbes real-time billionaires list, Asia’s richest man Gautam Adani has overtaken Amazon founder Jeff Bezos to become the 3rd richest person in the world.
  • He became India’s richest man with net worth of USD 129.16 billion (Rs. 10.29 trillion.
  • Meanwhile, Reliance Industries chairman Mukesh Ambani’s net worth stands at USD 94 billion becoming 8th richest in the world and 2nd richest in India.
About the list:
  • The data for the list was collected by the Fortune and Waterfield Advisors, a wealth management firm.
  • The firms collected details of listed and unlisted wealth, additional information regarding investments outside of the listed business such as stakes in other public companies, where the holding is less than 1 percent in the company and in other private entities or start-ups and such others.
  • The list made is primarily based on the wealth of entrepreneurs of listed firms and for the unlisted entity, the price-earnings (PE) multiple of the sector’s index was used as a parameter and in their absence, the PE multiple of the closest-listed company from the same industry was used.

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