Indian plutocracy can seem set in stone. The top two spots in the annual rich list compiled by Hurun, which tracks such things, invariably go to the Ambani and Adani clans. This year is no different. Mukesh Ambani came in first, with a fortune of $98bn. He displaced Gautam Adani, a rival industrialist and last year’s winner, whose riches clocked in at $58bn. Peer lower down the ranking, though, and the story is one of change.
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First, the ranks of India’s ultra-wealthy are
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