Ahmedabad city is home to 84 per cent of the 58 billionaires of Gujarat. According to Barclays Hurun India Rich List, Gautam Adani tops the list of billionaires in the state followed by Pankaj Patel of Cadila Healthcare and Bhadresh Shah of AIA Engineering.
While Adani has wealth of Rs 71,200 crore, Pankaj Patel has Rs 32,100 crore and Bhadresh Shah’s wealth totals to Rs 9700 crore, stated an official release about the compilation of the richest individuals in India having a net worth of Rs 1,000 crore or more.
The list was compiled on the basis of net worth of living Indians as on July 31, 2018 when the rate of exchange to the US dollar stood at Rs 68.51.
A total of 58 names from Gujarat feature in the list, having a cumulative wealth of Rs 2,52,300 crore. Fourth richest in the state is Karsanbhai Patel of Nirma Ltd with wealth of Rs 9,600 crore, two brothers of Torrent Pharmaceuticals — Samir and Sudhir Mehta — are next, each having Rs 8,300 crore.
Of the 58 billionaires, 49 are based in Ahmedabad, five in Rajkot, three in Surat and one in Vadodara. The pharmaceutical sector accounts for 38 per cent of the richest individuals.