India's 100 Richest Reach $1.1 Trillion

For the first time, the collective wealth of India's 100 richest individuals has surpassed the $1 trillion mark, reaching $1.1 trillion, according to a Forbes report. This represents a 40% increase from $779 billion last year, fueled by a booming stock market that saw the BSE Sensex rise by 30%. Mukesh Ambani retains the top position with a net worth of $119.5 billion, followed by Gautam Adani, who recovered from a short-selling attack to add $48 billion, bringing his family's wealth to $116 billion. Savitri Jindal, matriarch of O.P. Jindal Group, moved to third place with $43.7 billion. The report highlights the significant contributions of the pharmaceutical sector, with Dilip Shanghvi of Sun Pharmaceutical Industries rising to fifth place with $32.4 billion. Overall, over 80% of those on the list have increased their wealth over the past year.