According to Forbes Magazine, the rich in India got richer as the wealth of the top 100 on the list increased by about 14 percent or $517.5 billion compared to 2019.
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The rise in wealth, coming despite a slump in economic and business activity due to COVID-19, can be attributed partly to a corporate tax rate cut by the government last year that brought the tax rate down from 35 percent to 25 percent.
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According to Forbes; Here is the list of top 10 richest people in India
Mukesh Ambani; US$88.7 billion
Gautam Adani; $25.2 billion
Shiv Nadar; $20.4 billion
Radhakishan Damani; $15.4 billion
Hinduja brothers; $12.8 billion
Cyrus Poonawalla; $11.5 billion
Pallonji Mistry; $11.4 billion
Uday Kotak; $11.3 billion
Godrej family; $11 billion
Lakshmi Mittal; $10.3 billion
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