India's richest person Mukesh Ambani earned Rs.300 crore every day over the past one year, according to the Barclays Hurun India Rich List 2018. The 61-year-old Reliance Industries Chairman, worth Rs. 3,71,000 crore, has more money than the combined wealth of the next three persons on the list: SP Hinduja & Family, LN Mittal & Family, and Azim Premji.
A 47 percent rise in RIL's share price, its petrochemical business and the launch of Reliance Jio have contributed to Ambani's increase in wealth to Rs.300 crore per day.
SP Hinduja & Family is worth Rs. 1,59,000 crore followed by LN Mittal & Family at Rs. 1,14,500 crore and Azim Premji at Rs. 96,100 crore, according to the list.
Barclays Hurun lists Indians having a net worth of Rs. 1,000 crore or more.
India added 214 to the list of individuals worth Rs.1,000 crore over the last year, The Hindu reported.
At $719 billion, the cumulative wealth of the 831 individuals in the 2018 Rich list, accounts for one fourth of India's GDP of $2,848 billion.
The 10 richest families on the list are Ambani, Godrej, Hinduja, Mistry, Shanghvi, Nadar, Adani, Damani, Lohia and Burman.
Ritesh Agarwal, the 24-year-old founder of Oyo Rooms, topped the list of self-made entrepreneurs under 40. He is worth Rs. 2,600 crores.
Krishna Kumar Bangur, non-executive chairman of Graphite India, experienced a 430 percent increase in wealth to Rs. 14,300 crore in 2018. Byju Raveendran, founder of Think & Learn, had a 230 percent increase in wealth to Rs. 3,300 crore in 2018.
There are 66 NRIs (Non Resident Indians) on the list and 65 percent of them are self made, ET