Self-made billionaires now dominate India’s rich list, not dynasts
The fast growth of new services sectors such as healthcare, technology and retail has created a new class of billionaires in India, a Mint analysis shows
As India suffered its biggest economic setback in decades due to the coronavirus pandemic, two of its best-known billionaires got richer. New deals lifted Mukesh Ambani and Gautam Adani to become twice as wealthy as they were in March, raising fears that a handful of billionaires may be cornering more and more of the country’s wealth.
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