Updated Apr 07, 2021 | 09:14 IST
Mukesh Ambani topped the Forbes 10 richest billionaires 2021 with a net worth of $84.5 billion while Gautam Adani was ranked second with a fortune of $50.5 billion RIL CMD Mukesh Ambani | Photo Credit: BCCL
Mukesh Ambani, the chairman of Reliance Industries Ltd secured the first spot on the Forbes 10 richest Indian billionaires 2021 list while Adani Group chairman Gautam Adani is at second place.
With a net worth of $84.5 billion, the chairman and managing director of the oil-to-telecom conglomerate topped the Forbes list of India’s richest billionaires while Adani was ranked second with a fortune of $50.5 billion.
An unprecedented surge in the wealth of billionaires comes amid a rapid rise in the stock market even as Covid-19 cases continue to rise across the country. The benchmark Sensex has surged 75% in the past year alone.
Pharmeasy raises $350 million from Prosus Ventures, TPG Growth: Report
5 hours ago
Prosus Ventures and TPG Growth are leading an investment of $350 million (~Rs 2,570 crore) in API Holdings, the parent company of online pharmacy Pharmeasy, reported the Economic Times. The deal reportedly values Pharmeasy at $1.5 billion, making API Holdings the latest unicorn in India.
The deal also saw participation from existing investors Temasek, CDPQ, LFT Lightrock, Eight Roads, and Think Investments, and will be a mix of primary and secondary capital. API Holdings reportedly said $323 million in funding had already been received and another $27 million would soon be closed.
The company will reportedly use the fresh funds to expand the pharmacies it works with from 80,000 to 120,000 in the next 12 months. It wants to expand the number to 200,000 in the two years thereafter and be present in 100 cities. API Holdings had also acquired smaller online pharmacy Medlife in exchange for a 19.59% s
Forbes 10 Richest Billionaires 2021: Mukesh Ambani Tops, Gautam Adani Grabs 2nd Spot
Asia s richest man Mukesh Ambani claims the top spot while Adani Group chairman Gautam Adani comes second in the Forbes List of Richest Billionaires in 2021.
| 7 April 2021 12:00 PM GMT
NEW DELHI: In the recent Forbes List of 10 richest billionaires in 2021, the Reliance Industries Ltd s Chairman Mukesh Ambani bags the first spot while Gautam Adani, the Chairman of Adani Group comes second. Gautam Adani, with a whooping $50.5 billion worth of assets came second to Mukesh Ambani who, with a colossal capital of $84.5 billion took first place in the Forbes list of India s richest billionaires.
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