Kiran Mazumdar Shaw is heavy on Mukesh Ambani; Kiran’s net wealth increased 21% more than Ambani’s in last one year

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Kiran Mazumdar Shaw is heavy on Mukesh Ambani; Kiran’s net wealth increased 21% more than Ambani’s in last one year

Mukesh Ambani Is A Clear Top Gainer In Absolute Terms, Kiran Mazumdar Shaw Outstrips All Competition On India’s 100 Richest List In Terms Of Gains In Percentage Terms

Forbes magazine has released the list of Top 100 Richest Indians of the year 2020. Many new names have also been added to this list. The first number in this list includes the name of Mukesh Ambani, Chairman of Reliance Industries. He has assets of $ 88.7 billion. However, in terms of percentage in net wealth, Kiran Mazumdar Shaw ranks first. In this case, he has also left behind Ambani.

Kiran’s net wealth increased 93.28% in one year

According to a Forbes report, Kiran Mazumdar Shaw’s wealth grew by 93.28 percent among the 100 richest people in the last one year. At the same time, Mukesh Ambani’s wealth has increased by 72.57 percent. In this case, Majumdar is at number one and Ambani is at number five. At the same time, Murali Divi is the chairman and managing director of Divis Laboratories at number two. Their net wealth has increased by about 91.18 percent. At number three is the Reddy Family and at number four is Yusuf Hamied.

Kiran’s net wealth is $ 4.6 billion.

Biocon’s Kiran Mazumdar-Shaw has added $ 2.22 billion to its assets. With this, Kiran’s net wealth is $ 4.6 billion and he is ranked 27th. It was $ 2.38 billion in 2019. Kiran is an Indian entrepreneur and chairperson of IIM-Bangalore, chairman and managing director of biocon technology company Biocon Limited. In 2014, he was awarded the Otham Gold Medal for outstanding contribution to the advancement of science and chemistry. This company produces insulin for diseases like diabetes and cancer.

Top 5 Rich List (In Percent)

RankNamecompany Wealth (in billion dollars)Increase in net wealth
27Kiran Mazumdar-ShawBiocon4.693.28
20Murali DiviDivis Laboratories6.591.18
43Reddy FamilyDr. Reddy Laboratories3.2284.66
42Joseph HamiedCipla3.374.6
1Mukesh AmbaniReliance Industries88.772.57
Source- Forbes Magazine

India’s outstanding debt to NBFC sector stood at Rs 322 lakh crore, lower than China, US and Japan

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