The wealthiest promoters in India become increasingly wealthy. In this, Gautam Adani had a fantastic performance. Gautam Adani, who has a net worth of 135.7 billion dollars, is included among India’s wealthiest promoters for the year 2022. He had an 80 Billion Dollar net worth by the end of 2021, a 69.6% gain over the previous year. The increase in the share of every company in Gautam Adani’s group firms in 2022 was the cause of his consistent development. Adani’s net worth increased as a result of the acquisition of Ambuja Cements, ACC, and most recently NDTV. Adani’s net worth climbed by ₹ 68,000 Crore in 2022 as a result of the entry of these three businesses. Market value reflects net cross-holding in the group of companies. Gautam Adani said these rankings and numbers don’t matter as he is a first-generation entrepreneur who had to build everything from scratch. He further said that he gets thrills from handling challenges and the bigger the challenges are, the happier he feels.

Over the past 20 years, Reliance Industries has consistently grown in sales profit and market capitalization by double digits under the direction of Mukesh Ambani, chairman and managing director of Reliance Industries. The company’s market capitalization has climbed by 42 times throughout the decade, while profits have increased by around 20 times. According to the corporation, investors received ₹17.4 lakh crore during this time. However, Mukesh Ambani’s Reliance Industries has surpassed Gautam Adani to grab the top spot.

The Ambani family’s net worth, which led the list for the calendar year 2021 with 101.75 Billion Dollars, decreased by 2.5% to place second in the 2022 list. The Ambani family had a net worth of 104.4 Billion Dollars at the end of 2021.

Third-richest promoter in India is Avenue Supermart’s Radhakishan Damani. His net worth is 23.8 Billion, however during the past year, it has dropped by 21%. After the Covid pandemic, Damani’s net worth increased dramatically. Between March 2020 and December 2021, the share price of DMart increased by 2.5 times. But as the world economy and activity in India picked up, the price of shares dropped.

The list of top 10 promoters of India includes Shiv Nadar of HCL Technologies, Ashwin Dani, Amrita Vakil, Manish Choksi of Asian Paints, Rishad Premji of Wipro, Sanjeev and Rajiv Bajaj of the Bajaj Group, and Uday Kotak of Kotak Mahindra Bank.

The Number Of Indian Billionaires Dropped From 142 To 120 In 2022.

At the conclusion of the 2021 calendar year, there were 142 promoters, down to 120 at the end of the next year. These promoters’ collective net worth decreased by 8.8% of ₹ 56.62 Lakh Crore was their aggregate status at the conclusion of the calendar year 2021.

The trend in net worth occurs at a time when the stock markets in India and throughout the world are experiencing significant volatility because of rising interest rates, the war of Russia-Ukraine, high inflation, high volatility in commodity prices, and tighter cash flows. Its consequences may also be seen in the top 10 Indian billionaires list. When compared to the end of 2021, the number of billionaire promoters and their assets have decreased in 2022. As of December 23^rd, 2022, the value of the shares held by the promoters’ relatives and by family-owned businesses or trusts is included in their net worth.

Only three of the list’s billionaires have seen their net worth rise. These people include Sunil Bharti Mittal of Bharti Airtel, Dilip Shanghvi of Sun Pharma, and Adani. Sun Pharma’s enhanced success has benefitted Shanghvi. Mittal’s net wealth increased mostly due to Airtel, which profited from mobile service companies’ rate increases.

At the end of December 2021, all 116 promoters with a net worth of above $1 billion will have decreased their fortunes. In comparison to the calendar year 2021, the S&P BSE Sensex is up 2.7% in 2022. the total market value of all BSE-listed businesses is ₹ 272 Lakh Crore, an increase of 2.3% over the same time period. As of December 3^st, 2021, it was ₹ 266 lakh crores. Uday Kumar Reddy of Tanla Solutions, Sushil Kanubhai Shah of Metropolis Health Care, Vijay Shekhar Sharma of One97 Communications, CK Birla, Nirmal Jain, Venkat Raman Rajmani, and Rajesh Sharma are among those who were removed from the list of billionaires in 2022.