Adani Group chairman Gautam Adani has topped the Hurun India Rich List 2024 pusing Reliance Industries chairman Mukesh Ambani to the second slot.
With a wealth pile of ₹11.6 lakh crore, Mr Adani took pole position.
334 billionaires in India
India's total billionaire count reached 334 individuals and the cumulative wealth of these billionaires is at ₹159 lakh crore.
India saw new billionaires every five days in the last year, the report noted. Anas Rahman Junaid, founder and chief researcher at Hurun India said, “India is emerging as Asia’s wealth creation engine! While China saw a 25 percent decline in its number of billionaires, India experienced a 29 percent increase, reaching a record 334 billionaires.”
Shah Rukh Khan on the list
For the first time, Bollywood superstar Shah Rukh Khan has made it to the Hurun India Rich List, a CNBC-TV18 report said. The 45-year-old angel investor Anand Chandrasekaran has also made it to the list.
The youngest billionaires on the list are quick commerce start-up Zepto's co-founders Kaivalya Vohra (22) and Aadit Palicha (23). The youngest self-made woman entrepreneur on the list is 42-year-old Neha Bansal. She is the co-founder of Lenskart.
Among women, Radha Vembu of Zoho remains the richest self-made woman on the Hurun India list.
In India, a total of 1,500 individuals now claim a net worth of ₹1,000 crore or more, which is a significant surge of 150 percent from seven years ago.
The 2024 Hurun India list shows 1,539 ultra-wealthy individuals — up 220 from last year and a record-breaking 272 new entrants.
The list this year had a growing trend of self-made billionaires. Around 65 percent or 1,008 individuals on the list were self-made — an increase from the 871 self-made entrepreneurs in 2023.
(By arrangement with livemint.com)