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Mukesh Ambani India's richest with $84.5 bn, Gautam Adani 2nd: Forbes
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SME Times News Bureau | 07 Apr, 2021
Reliance Industries Chairman Mukesh Ambani topped the Forbes list of
India's 10 richest billionaires with a net worth of $84.5 billion,
followed by Adani Group chief Gautam Adani.
Amid the Covid-19
pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion
through a string of deals to achieve his target of reducing his
flagship Reliance Industries' net debt to zero by 2021.
"He also
sold a third of telecom unit Jio to marquee investors such as Facebook
and Google and offloaded 10 per cent of Reliance Retail to private
equity firms such as KKR and General Atlantic, plus concluded a $7.3
billion rights issue of Reliance shares," Forbes said.
Second
richest Indian, Adani, who has also diversified the group's business and
has taken a significant share in India's airport management and
operations business has a net worth of $50.5 billion.
Adani
acquired a 74 per cent stake in Mumbai International Airport, the
country's second-busiest, last September. He also sold 20 per cent in
his listed renewables firm, Adani Green Energy, to French energy giant
Total for $2.5 billion.
The third richest Indian is HCL founder
Shiv Nadar as per the Forbes list of India's 10 Richest Billionaires
2021, with a net worth of $23.5 billion.
Last July, Nadar stepped
down as chairman of $9.9 billion (revenues) HCL Technologies, handing
over the position to his daughter, Roshni Nadar Malhotra.
Avenue
Supermarts' founder Radhakishan Damani ($16.5 billion) and Kotak
Mahindra Bank MD Uday Kotak ($15.9 billion) took the fourth and the
fifth spot in the list.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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