TOP 10 RICHEST PEOPLE(INDIA)||TELUGU||%MUKESH AMBANI%||%D-MART%||

#richestpeople #india #jio


Join my telegram group-https://t.me/joinchat/AAAAAE2nCQbDvxGrPTZ9xg



The COVID-19 pandemic was a double whammy for India’s billionaires, whose fortunes had already taken a hit from a slowing economy and falling consumer demand. Even before India went into a total lockdown at the end of March, its stock market had plunged to a three-year low as of March 18, the date we finalized this year’s list. The total number of Indian billionaires has fallen to 102, versus 106 in 2019. And, more tellingly, their collective wealth has shrunk 23% to $313 billion.
Close to a fifth of that decline can be attributed to the generosity of tech tycoon Azim Premji, who donated a big chunk of his shares in publicly traded Wipro in 2019 to his foundation, bringing his total lifetime giving to his education-focused charity to $21 billion.
Low profile retailing tycoon Radhakishan Damani stood out amid the overall rout. His fortune is up by a quarter, to $13.8 billion, making him India’s second-richest person for the first time. Shares of his Avenue Supermarts, which operates the DMart supermarket chain, an Indian version of Wal-Mart, have been relatively immune to the virus effect. DMart’s value-for-money model, with 196 stores, appeals to India’s middle-class shoppers. A shrewd investor who built a portfolio of growth stocks before he branched out into retailing, Damani is rarely seen at public gatherings.