India may only have one billionaire left in the Top 10 richest people in the world, but it still has a lot of billionaires by sector.
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Indigo co-founders Rakesh Gangwal and Rahul Bhatia have emerged as the wealthiest aviation billionaires with a wealth of US$3.6 billion and US$3.3 billion respectively.
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Gangwal resigned from the Board of Directors in February 2022 and later that year sold 2.74 per cent stake that was worth Rs 2,005 crore.
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Following Gangwal’s resignation, Rahul Bhatia took full charge of the airline. He was appointed the Managing Director of InterGlobe Aviation (the parent company of Indigo) in February 2022 for a five-year period.
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Indian billionaires have added approximately 360 billion dollars to their total wealth in the last five years.