Highlights

  • Billionaire promoters have a combined wealth of around $728 billion
  • The combined wealth of the 126 billionaire promoters in India is 25% of India's forecasted GDP for FY'22

Latest news

Redmi 15C 5G Review: Xiaomi’s budget phone that just refuses to die in a day

Redmi 15C 5G Review: Xiaomi’s budget phone that just refuses to die in a day

'Vote chori' issue raised by Cong, INDIA bloc has nothing to do with it: Omar Abdullah

'Vote chori' issue raised by Cong, INDIA bloc has nothing to do with it: Omar Abdullah

Lionel Messi arrives in Delhi for final leg of G.O.A.T India Tour

Lionel Messi arrives in Delhi for final leg of G.O.A.T India Tour

IPL Auction: Green, Venkatesh, Livingstone in focus as KKR, CSK ready to loosen purse strings

IPL Auction: Green, Venkatesh, Livingstone in focus as KKR, CSK ready to loosen purse strings

Messi event stadium rampage: Calcutta HC to hear petitions seeking transfer of probe to central agencies

Messi event stadium rampage: Calcutta HC to hear petitions seeking transfer of probe to central agencies

Google pays tribute to John Cena bids farewell to WWE

Google pays tribute to John Cena bids farewell to WWE

Why remove Mahatma Gandhi's name, asks Priyanka on move to replace MGNREGA

Why remove Mahatma Gandhi's name, asks Priyanka on move to replace MGNREGA

Dhurandhar records housefull shows in Jammu & Kashmir’s smaller towns

Dhurandhar records housefull shows in Jammu & Kashmir’s smaller towns

'Mirror Mirror On The Wall, Who Made The Most Money Of Them All?'

Billionaires' club has record 126 members in India now up from 85 the year before

'Mirror Mirror On The Wall, Who Made The Most Money Of Them All?'

It is time to count the money bags! As the year closes we look back to take a headcount of the billionaires and how their treasure troves have filled up. Here are some of the stand out stars from he billionaire bunch-:

Also watch| Hello 2022: These 5 things are going to cost you a lot more in the new year

The Adani Family

First up on the list Gautam Adani and family, though not the richest person in India the promoters' wealth climbed up the ranks in a dizzying fashion . The Adani family's net worth more than doubled in 2021 to around $82.43 billion from around $44 billion at the end of December 2020 and around $20 billion at the end of 2019. The rise in wealth has been a function of super stock performances across the board in the Adani stocks, making not just the promoters but also shareholders a happy bunch.

RK Damani

Adding billions to the shopping cart this year is also veteran mumbai investor Radhakishan Damani who is now better known as one of India's retail kings after the IPO of his supermarket chain D-Mart (Avenue Supermart). Damani is now the fourth wealthiest promoter in the country with a net worth of $30.1 billion, up from $18.4 billion a year ago.

Listing Bonanza Billionaires

Joining the billionaire party were a host of promoters as they debuted on Dalal Street. Top of the list and the lone female billionaire Falguni Nayar of Nykaa fame with $7 bn to her name followed closely by realty major Abhishek Lodha as Macrotech listed and made his treasure swell to $6 billion.

Making a mark also is Sunjay Kapur Chairman of Sona BLW which listed in June 2021 and making his personal wealth clock in at $3 billion

ADVERTISEMENT

Up Next

'Mirror Mirror On The Wall, Who Made The Most Money Of Them All?'

'Mirror Mirror On The Wall, Who Made The Most Money Of Them All?'

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

ADVERTISEMENT

editorji-whatsApp

More videos

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

India International Trade Fair begins at Pragati Maidan amid tight security

India International Trade Fair begins at Pragati Maidan amid tight security

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.