Indians Who Lost Wealth Since 2020: Hurun Rich List

Hurun Rich List 2021 has been released and India has risen to the 3^rd spot with 177 billionaires, 40 more than last year. With US$83 bn, Mukesh Ambani of Reliance is the richest person in India. Gautam Adani is once stood as the second richest person in India US$32 bn.

There are a further 32 billionaires of Indian origin, living outside of India, led by LN Mittal of ArcelorMittal in London. As per the report, while 150 saw their wealth increase, of which 50 were new faces. 16 decreased and 10 dropped off. 12 stayed the same.

The pandemic last year impacted the economic functioning in the country and its effect were visible with the decrease in the wealth of some of the billionaires.

Acharya Balkrishna

On the Hurun Rich List 2021, Patanjali’s chairman Acharya Balkrishna was the biggest loser. Balkrishina saw a dip of 32% in his estimated net worth which led to a fall of 489 positions within the rankings. In 2020, Bakkrishna’s net worth was $5.3 billion while in 2021 it is estimated at $3.6 billion.

P Pitchi Reddy

P Pitchi Reddy of Megha Engineering & Infrastructure) is ranked at 134 in India and at 2,383 globally. He saw a dip of 26% in his estimated net worth from 2020.

Sanjay Agarwal & family

Sanjay Agarwal is the founder of AU Small Finance Bank, where he is currently serving as the Managing Director & CEO. Sanjay Agarwal and his family saw their net worth drop by 20% in the last year.

Also Read: Top 10 ‘Most-Valued’ Companies In India As Per Hurun India List

Cyrus Pallonji Mistry & family

Cyrus Pallonji Mistry of the Shapoorji Pallonji Group experienced a dip of 5% in his estimated net worth.

Binny Bansal & Sachin Bansal

Sachin Bansal and Binny Bansal founded Flipkart whose valuation in 2018 was $20.8 billion. Their net worth has not changed from 2020 which was USD 1 Billion. But this has still led to a drop in their ranking by over 400 levels.

Ritesh Agarwal

The founder of OYO Rooms, Ritesh Agarwal, has lost the billionaire status due to the impact of the COVID19 which affected the hospitality industry the most amongst many others.