The cumulative value of the 828 Indians on the list stood at $821 billion, an increase of $140 billion over the 2019 count, a large part of which was due to the rise in the share price of Reliance Industries.

“28% of the upswing in wealth on the list has been bestowed by Mukesh Ambani, bespeaking Ambani’s meteoric success post diversifying from oil to telecom and retail. A further 21% of the additional wealth has been generated by pharma, mainly on the back of the rise in healthcare spends and a realigned priority towards personal healthcare stimulated by the Covid-19,” said Anas Rahman Junaid, managing director and chief researcher, Hurun India.

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