
The cumulative wealth of India's 100 billionaires increased more than $300 billion to $1.1 trillion, thanks to the stock market boom of the last year. 83 billionaires saw their wealth increase, and only three—Dhingras of Berger Paints, Joy Alukkas, and Piramal Enterprises' Ajay Piramal—saw it decrease. Mukesh Ambani's net worth waltzed past the $100 billion mark, perching him comfortably at the top spot with $119.5 billion net worth, Gautam Adani a close second with $116 billion net worth.
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NOTE : This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies. The ranking lists family fortunes, including those shared among extended families such as the Bajaj and Burman families. Public fortunes were calculated based on stock prices and exchange rates as of Sept. 27. Private companies were valued based on similar companies that are publicly traded. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.