Half of the rich people of Gujarat are self-made: report

Half of Gujarat's rich people are self-made, says a report from the Barclays Hurun India Rich List 2018. According to the report, 58 people have a total wealth of 1,000 crore or more, of which 28 are self-made . The ratio in Gujarat is over 40% for the entire report of India.

It is for the first time that a separate report on Gujarat has been prepared.

The list is dominated by players in the manufacturing sector. those in the technology sector are very few. At the national level, and in many states, the share of the technology sector is relatively larger. In addition, none of the 58 people is part of the real estate sector.

"The list is based on data from the Ministry of Enterprises and concerns those registered under the Companies Act 2013. Many companies in Gujarat are companies in partnership, we have not included this. Anas Rahman Junaid, MD and chief investigator of Hurun Report India

Gautam Adani and his family dominated the list with a wealth of 71,200 crores of rupees Adani is a first-generation entrepreneur. Pankaj Patel with a wealth of 32 100 rupees Patel, although he inherited his father's business, propelled her into a new orbit. <br /> <br /> Third in the list is Bhadresh Shah, founder and CEO of AIA Engineering, worth 9 700 crore.In addition to 28 independent contractors, 17 have inherited their badets and actively manage the business, so that 45 out of 58 people are actively involved in the business.

The lily is dominated by the pharmaceutical sector with 22 people, followed by Construction. and engineering (6), software and consumer products (4 each), food, beverages and jewelery (3 each), according to the report.

According to the report, the number of people went from 36 in 2017 to 58 in 2018.

But their cumulative wealth has not increased. The cumulative wealth of 36 people rose to Rs. 2 40,200 crores in 2017, while the cumulative wealth of 58 rises to Rs. 2,544 crores. Thus, despite the increase of 22 people in the list, their income increased by 14 200 crores only. In addition, the average wealth of individuals increased from 6672 crore to 4386 crore.

Despite being a decentralized economy, Ahmedabad dominated the list. Satyanarayan Bansal, CEO of Barclays Private Banking, said that in all geographic areas, wealth creation starts in concentrated urban areas and then in other regions.

THE BIG ONES

Rajkot: The Virani family of Balaji Wafers, Arvind Domadia and the family of Kunal Structures, Pravin Patel and Arvind Patel of the infrastructure of Patel

Surah : Savji Dholakia and the family of Harikrishna Exports, Babu Lakhani and the family of Kiran Gems, Laljibhai Tulsibhai Patel and the family of Dani

Vadodara: Ashwin Ramanlal Gandhi and the family of Asian paintings