Rich List, India: 2020 - Revision history

Jyoti: /* Top performing sectors */

2023-07-14T04:39:23Z

‎Top performing sectors

Jyoti: /* Billionaires */

2021-03-03T13:15:15Z

‎Billionaires

Jyoti: Jyoti moved page Rich List: India, 2020 to Rich List, India: 2020 without leaving a redirect

2021-03-02T10:22:25Z

Jyoti moved page Rich List: India, 2020 to Rich List, India: 2020 without leaving a redirect

Jyoti at 10:19, 2 March 2021

2021-03-02T10:19:59Z

Jyoti at 08:31, 2 January 2021

2021-01-02T08:31:26Z

Jyoti: /* Hurun’s Top 10 */

2020-12-28T10:25:59Z

‎Hurun’s Top 10

Jyoti at 10:24, 28 December 2020

2020-12-28T10:24:53Z

Pdewan: Pdewan moved page Rich List: India, 2020: Forbes to Rich List: India, 2020

2020-12-25T15:01:02Z

Pdewan moved page Rich List: India, 2020: Forbes to Rich List: India, 2020

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=People of Indian origin=
==USA==
[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2020%2F09%2F09&entity=Ar01710&sk=40549046&mode=text 7 Indian-Americans in Forbes’ rich list, September 9, 2020: ''The Times of India'']

Seven Indian-Americans have figured in Forbes’ list of 400 richest Americans, topped by Amazon founder Jeff Bezos, who has a net worth of $179 billion, for the third year in a row.

The seven Indian-Americans that featured in the list were cybersecurity firm ZScaler CEO Jay Chaudhry, Symphony Technology Group founder and chairman Romesh Wadhwani, co-founder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley VC firm Khosla Ventures founder Vinod Khosla, Sherpalo Ventures managing partner Kavitark Ram Shriram, IndiGo co-founder Rakesh Gangwal and Workday CEO &co-founder Aneel Bhusri.

The richest people in America saw their overall wealth swell despite the coronavirus pandemic’s devastated impact on the US economy. AGENCIES

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	The SP Group's biggest asset is an 18.4 per cent stake in Tata Sons. In September, the Mistrys decided to sell their stake in Tata Sons saying that a separation of interests would best serve all stakeholder groups.		The SP Group's biggest asset is an 18.4 per cent stake in Tata Sons. In September, the Mistrys decided to sell their stake in Tata Sons saying that a separation of interests would best serve all stakeholder groups.
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	The report also studied depth of pockets needed to join the wealthiest 1% in selected countries and territories. In Asian region, Singapore has the highest entry threshold with $2.9 million needed to join the top 1% club. The entry point for India to enter the 1% wealthy club is $60,000.		The report also studied depth of pockets needed to join the wealthiest 1% in selected countries and territories. In Asian region, Singapore has the highest entry threshold with $2.9 million needed to join the top 1% club. The entry point for India to enter the 1% wealthy club is $60,000.
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		+	== India has added one billionaire every 10 days==
		+	[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2021%2F03%2F03&entity=Ar01912&sk=8EB3FDC4&mode=text March 3, 2021: ''The Times of India'']
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		+	[[File: India's wealthiest (net worth in $ bn); Top new billionaires; Prominent dropouts, 2020.jpg\|India's wealthiest (net worth in $ bn); <br/> Top new billionaires; Prominent dropouts, 2020 <br/> From: [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2021%2F03%2F03&entity=Ar01912&sk=8EB3FDC4&mode=text March 3, 2021: ''The Times of India'']\|frame\|500px]]
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		+	India has added one billionaire every 10 days in 2020 amid the pandemic. This was made possible by rising stock market valuation, which increased the number of worldwide billionaires by 412 to 3,228.
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		+	There are now 209 Indianorigin billionaires, of which 177 are Indian residents. The total list, which continues to be topped by Mukesh Ambani and Gautam Adani, has 50 fresh additions and 10 dropouts. The additions include Arvindkumar Poddar of Balkrishna Industries, Bawri family of Macleods Pharmaceuticals, B Parthasaradhi Reddy of Hetero Drugs, Nikhil Kamath of Zerodha, Pankaj Munjal of Hero Cycles and T S Kalyanaraman of Kalyan Jewellers. The prominent dropouts are B R Shetty from UAE, Ritesh Agarwal of Oyo Rooms and Kishore Biyani of Future Group.
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		+	Ambani, 63, who strung a slew of investment deals into his telecom business, saw his wealth surge 24% to $83 billion. Reliance, India’s largest exporter, accounts for 8% of the country’s exports and 5% of India’s total revenues from customs and excise duty. Adani saw his wealth almost double to $32 billion on the back of Adani Green Energy growing to a $20-billion valuation.
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		+	“Despite the disruption caused by Covid-19, this year has seen the biggest wealth increase of the last decade,” said Hurun Report chairman and chief researcher Rupert Hoogewerf. “A stock markets boom and flurry of new listings have minted eight new dollar billionaires a week for the past year. The world has never seen this much wealth created in just one year, much more than perhaps could have been expected for a year so badly disrupted by Covid-19,” he added.
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		+	The rise in wealth of the rich has been on the back of rise in value of financial assets — shareholdings in the companies they own. The Nasdaq was up 42% last year followed by China’s Shenzhen (40%), sensex (23.4%) and Japan’s Nikkei (22.9%). China added 256 new billionaires to become the first country in the world to top1,000 ‘known’ dollar billionaires with 1,056, more than the combined total of the next three countries of the US, India and Germany. In five years, China has added 490 billionaires, compared with 160 in the US.
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		+	“Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined. Wealth creation is moving to Asia,” Hoogewerf said. He added that electric vehicles, e-commerce, blockchain and biotech have been the fastest growing industries of the past year.
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		+	World’s richest person is Elon Musk who, with a wealth of $197 billion, is also new to the top-10 list. Jeff Bezos with $189 billion has moved to the second spot, while luxury giant Bernard Arnault of LVMH with $114 billion is at third place ahead of Bill Gates ($110 billion) and Mark Zuckerberg ($101 billion). An outlier in terms of sector is the ‘Bottled Water King’ Zhong Shanshan who became the first Chinese to break into the Hurun Global Rich List Top 10 with a $85-billion fortune.
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 The SP Group's biggest asset is an 18.4 per cent stake in Tata Sons. In September, the Mistrys decided to sell their stake in Tata Sons saying that a separation of interests would best serve all stakeholder groups.
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-[https://timesofindia.indiatimes.com/business/india-business/top-10-richest-people-in-india-in-2020-all-you-need-to-know/articleshow/79955986.cms  December 26, 2020: ''The Times of India'']
+[https://timesofindia.indiatimes.com/business/india-business/top-10-richest-people-in-india-in-2020-all-you-need-to-know/articleshow/79955986.cms  December 25, 2020: ''The Times of India'']
 In spite of the challenges faced by the industry due to the ongoing Covid-19 pandemic, the combined wealth of India's richest people grew twice as fast as net market capitalisation of all Bombay Stock Exchange (BSE) listed companies in the year 2020, revealed a report by Hurun India.
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 The richest people in America saw their overall wealth swell despite the coronavirus pandemic’s devastated impact on the US economy. AGENCIES