Team Blitz India
NEW DELHI: Mukesh Ambani, Chairman of Reliance Industries (RIL), became $9.98 billion richer, according to data available on Bloomberg. This increase leads a group of Indian billionaires who have added to their net worth in 2023.
With a total wealth of $97.1 billion, Ambani is the richest Indian and the 13th richest person globally. His wealth, which primarily comes from Reliance Industries and Jio Financial Services, increased due to a 9 percent gain in RIL stock and the listing of Jio Financial stock after a demerger.
Shiv Nadar, the founder of HCL Tech, is a close second, adding $9.47 billion to his wealth this year, reaching $34 billion. Despite a struggling year for the IT sector, HCL Tech’s shares zoomed 41 percent this year.
Savitri Jindal, the former Chairperson of OP Jindal Group, came in third by adding $8.93 billion. She sources her wealth from group companies such as Jindal Steel, Jindal Steel and Power, Jindal Energy. She is also the richest Indian woman with a total net worth of $24.7 billion.
Kushal Pal Singh, who derives his wealth from real estate giant DLF, saw an increase of $7.83 billion in 2023 due to a 91 percent rise in DLF’s share price. The real estate industry had a prosperous year with record pre-sales and numerous new launches. Singh’s net worth now stands at $16.1 billion.
