The COVID-19 Pandemic devastated the lives of every Indian, but a select few Indians were able to build up their wealth during this challenging time. In fact, India is set to grow its list of billionaires by 18.5% by 2021, according to Forbes. Mukesh Ambani is the world richest man in India, and is the CEO of Reliance Industries. He has a net worth of $102 billion, largely coming from his oil and gas businesses. His grandfather, Dhirubhai Ambani, built the company, but he’s now pivoting his business towards consumer-facing businesses. Reliance Jio, the largest telecom network in India, has recently raised $20 billion in capital, and Mukesh Ambani is now pivoting to retail.
In addition to his investments in the retail industry, Damani is also a prominent industrialist, having founded HCL in 1976. HCL has since expanded to include software development, and is now the largest software services exporter in the world. Mittal Steels is a subsidiary of Arcelor, which is headed by Mittal. During the recession, he became the world’s third richest man in 2006.
Gautam Adani is the second richest man in India, with a net worth of $71.7 billion. He is the second richest person in Asia, and is India’s leading investor in renewable energy and infrastructure. Adani also owns Reliance Industries, which is ranked 11th on the Bloomberg index. This wealth makes him one of the most powerful people in India. While the list is a long way from complete coverage, a look at his wealth and charitable activities can give you an idea of the impact he has on the nation.