While a few suffered losses, most benefited from the market’s upward trend, creating significant wealth and earning double-digit returns
The Indian economy continued its impressive performance, delivering significant wealth creation and double-digit returns for many of the country’s top business leaders. While a few suffered losses, most benefited from the upward market trend, as per ET Now’s recent report.
Great prosperity makers of 2024
According to the report, Sunil Mittal, chairman of Bharti Enterprises, had a banner year, doubling his net worth to $26 billion (Rs 2.14 lakh crore). This means a profit of $10.3 billion (Rs 84,975 crore) in 2024 alone.
Dilip Shanghvi: Sun Pharma founder Dilip Shanghvi has seen a significant increase in his wealth thanks to the company’s strong market performance. His net worth rose to $31 billion (Rs 2.55 lakh crore), with an increase of $9.7 billion (Rs 80,025 crore) this year.
Gautam Adani: After a challenging 2023, Gautam Adani made a strong comeback and added $8.7 billion (Rs 71,775 crore) to his net worth.
Shiv Nadar: HCL Technologies founder Shiv Nadar increased his fortune by $8 billion (Rs 66,000 crore).
Mukesh Ambani: Reliance Industries’ Mukesh Ambani surpassed the $100 billion (Rs 8.25 lakh crore) milestone and added $5 billion (Rs 41,250 crore) to his net worth.
It is striking that not all business leaders made a profit. Some faced setbacks despite their high wealth.
According to the report, the founder of Kotak Mahindra Bank saw a drop of $520 million (Rs 4,290 crore).
Radhakishan Damani: The DMart founder lost $507 million (Rs 4,182.8 crore).
Lakshmi Mittal: Steel magnate Lakshmi Mittal’s wealth fell by $112 million (Rs 924 crore).