News Patanjali's Acharya Balkrishna Has Become India's 8th Richest Man, Assets Increases 3...

Patanjali’s Acharya Balkrishna Has Become India’s 8th Richest Man, Assets Increases 3 Times More Than Mukesh Ambani

Patanjali industries are now established its roots strongly all over the country. The business is boosting and making revenue for Ramdev. On Tuesday International research agency Hurun released its Hurun India Rich List 2017 report. With a staggering 58 percent jump in his net worth, billionaire Mukesh Ambani’s Rs 2,57,900 crore wealth is 50 percent more than the GDP of Yemen. More interestingly, Patanjali’s Acharya Balkrishna has become the 8th richest person in the country after 173 percent rise in his wealth to Rs 70,000 crore.

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In this list, 617 wealthiest persons around the country have been included. Their total assets amounted to Rs 4.29 lakh crore. This is equivalent to one-fourth of the country’s GDP. In the country, people having assets of more than Rs. 1,000 crores have doubled their figure in a year. Mukesh Ambani is on the top with 2.57 lakh crores. Balkrishna of Patanjali and Gautam Adani joined the Top-10 listers.

How Patanjali’s Balkrishna comes at the 8th position in the list?

The 44 years old CEO of Patanjali owns close to 94 percent of Patanjali Ayurved. Balkrishna has not only encashed upon Baba Ramdev’s huge base of followers but also attracted Indian consumers by hitting the ‘swadeshi’ idea. Balkrishna heads around 34 companies and three trusts associated with Patanjali brand.

Pallonji Mistry and SP Hinduja and Family get out of the Top-10 list of rich persons in India. Gautam Adani and Acharya Balkrishna have bagged their places. Earlier, Adani was at 12th and Balkrishna was at 25th position. This list contains 5 people under 40 years of age. All of these are connected to the technology business and have set up the assets themselves. Among them, Divyank Turakhia of 32 years of age is the youngest richest person of India in the list.

Patanjali has secured a second place in Indian FMCG market share in under 5 years, the report said. Hurun India Rich List 2017 had 302 new faces. The sixth edition of the Hurun India Rich List 2017 saw 617 individuals with a cutoff of Rs 1,000 crores, compared to 339 last year. The cut off for the Top 100 has more than doubled to Rs 8,400 crore since 2013, it said.

 

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