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Gujarat govt unduly favoured Reliance, Adani: CAG report

MUMBAI: A sharp 152% jump in his wealth saw Adani Group chairman Gautam Adani break into the list of 10 richest Indians even as Mukesh Ambani retained the pole position, according to a latest report.Adani blazed into the top league riding on the runaway share prices of his companies in recent past, pegging his wealth at Rs 44,000 crore, said Hurun Report, published by a China-based luxury publishing and events group, tracking the uber rich.Ambani's wealth swelled 37% to 1.65 lakh crore, while Sun Pharma chief Dilip Shanghvi toppled LN Mittal of ArcelorMittal for the second position. Sanghvi's recent blockbuster acquisitions reaped a 43% rally in his wealth, which stood at 1.29 lakh crore. Mittal declined 4% to Rs 97,000 crore."The stock market boom has driven Indian entrepreneurs to record heights. The people on the India rich list tell the story of India's modern economy ," said Hurun Report chairman and chief researcher Rupert Hoogewerf. The number of Indian billionaires nearly doubled to 109 from 59 one year ago.Their average age, 62, fell by one year. Six among them were below 40 years.Mumbai with 70 billionaires is the capital of India's super-rich followed by Delhi (37) and Bangalore (23) while the UK and the UAE have been home to India's NRI billionaires. L N Mittal, S P Hinduja, Anil Agarwal and Prakash Lohia are from the UK while Micky Jagtiani of Landmark Group, Feroz Allana of IFFCO and MA Yousufali of Emke Group are from the UAE.Azim Premji of Wipro at Rs 86,000 crore came fourth in the richest list followed by tech peer Shiv Nadar of HCL, who saw his wealth rise 41% to Rs 78,000 crore. SP Hinduja and family of the Hinduja Group and Pallonji Mistry of the Shapoorji Pallonji Group, who is also the largest individual shareholder in Tata Sons, were next.Kumar Mangalam Birla of the Aditya Birla Group slipped to number eight from six a year ago even as his wealth grew at 16% to Rs 62,000 crore. Telecom mogul Sunil Bharti Mittal is ninth richest Indian with a wealth of Rs 52,000 crore. Adani came tenth edging out Anil Ambani of the Reliance Group, whose wealth dropped 5% to Rs 43,000 crore. Hyderabad-based by P V Ramprasad Reddy , founder of Aurobindo Pharma, whose share price soared 428% from last year, is the biggest gainer in the list with wealth of Rs 13,500 crore. Sachin and Binny Bansal, the unrelated founders of India's online retailer Flipkart, share a combined net worth of Rs 7,800 crore.