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India's super-rich club sees 10 new entrants in 2020; wealth up 33%

Ramdev, partner see biggest jump in wealth in percentage terms

Mukesh Ambani, Chairman & MD, RIL
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Mukesh Ambani of Reliance Industries once again topped the charts with total net worth of $87.5 billion (or Rs 6.44 trillion), up 37.2 per cent in the past 12 months

Krishna Kant New Delhi
The recent rally after the lockdown on the bourses has surprised many and also benefited India’s billionaire promoters.

The super-rich club grew to an all-time high of 90 billionaires (in dollar terms) against 80 at the end of December 2019.

Together, these billionaires now have combined wealth of $483 billion (around Rs 35.5 trillion), up 33 per cent in the past 12 months from $364 billion on December 31 last year.

The combined wealth of these billionaire promoters is equivalent to nearly a fifth of the India’s estimated annual gross domestic product (GDP) at current prices when converted into dollars.