India’s financial environment is booming, and the latest Hurun Rich List 2024 paints a clear picture of the country’s growing wealth. With 334 billionaires, India has become the new epicentre of wealth.
Find out which Indian billionaires made the Hurun Rich List, the old billionaires who still dominate the rich list and which Indian new billionaires entered the top wealthy list.
Hurun Rich List 2024
The Hurun Rich List 2024 was released on 29th August 2024. This recent list shows a significant increase in the number of billionaires in India. From telecom giants to gas and oil empire owners, the list features a wide range of industries contributing to India’s wealth story. This year’s list includes 1539 individuals with a net worth of ₹1000 crore or more. This is an increase of 272 more Indian new billionaires from the previous year.
This is the top 10 Indian billionaires as per the Hurun Rich List 2024:
Rank Name Wealth (₹ in crore) Change in Wealth Company Age Residence
1 Gautam Adani & family 1,161,800 95% Adani Group 62 Ahmedabad
2 Mukesh Ambani & family 1,014,700 25% Reliance Industries 67 Mumbai
3 Shiv Nadar & family 314,000 37% HCL Technologies 79 New Delhi
4 Cyrus S. Poonawalla & family 289,800 4% Serum Institute of
India83 Pune
5 Dilip Shanghvi & family 249,900 52% Sun Pharmaceutical
Industries68 Mumbai
6 Kumar Mangalam Birla & family 235,200 87% Aditya Birla Group 57 Mumbai
7 Gopichand Hinduja & family 192,700 9% Hinduja Group 84 London
8 Radhakishan Damani
& family190,900 33% Avenue Supermarts (D-Mart) 69 Mumbai
9 Azim Premji & family 190,700 24% Wipro 79 Bengaluru
10 Niraj Bajaj & family 162,800 35% Bajaj Group 69 Mumbai
Key Highlights from the Hurun Rich List 2024
Here are the major changes that happened in the recent rich list:
Young Billionaires on the Rise
The list also shows how there’s a new generation of billionaires. Almost 11 people on the list are born in the 1990s. Entrepreneurs like Harshil Mathur (Co-Founder of Razorpay) and Shashank Kumar (Co-Founder of Razorpay) and Kaivalya Vohra (Co-Founder of Zepto) represent the future of India’s wealth creation.
Mumbai: The Billionaire Capital of Asia
Mumbai has overtaken Beijing to become the billionaire capital of Asia, with 92 billionaires residing in the city. This reflects Mumbai’s status as India’s financial hub and its growing influence in the global economy.
Bollywood’s Entry
For the first time, Bollywood celebrities like Shah Rukh Khan, Juhi Chawla and Hrithik Roshan have made it to the Hurun Rich List, thanks to their investments in sports teams and production houses.
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Top 10 Indian Billionaires as per the Hurun Rich List 2024
1. Gautam Adani
Gautam Adani tops the list.
Source: Wikipedia
Gautam Adani and his family have seen a 95% increase in their wealth, reaching a wealth size of ₹1,161,800 crore. This makes them the richest in India. The Adani Group’s diverse portfolio, especially in infrastructure and energy, is majorly important for this growth trend.
2. Mukesh Ambani
Ambani secures the second spot.
Source: Forbes
Mukesh Ambani is the chairman and managing director of Reliance Industries. Currently, his family is at the second spot in the wealth list. Despite being overtaken by Adani, they still holds an impressive wealth of ₹1,014,700 crore, which is driven largely by Reliance Industries’ strong performance in petrochemicals, retail and telecom.
3. Shiv Nadar
Shiv Nadar: The IT Giant with a Heart
Source: Wikipedia
Shiv Nadar is the founder of HCL Technologies. He is a pioneer in the Indian IT industry and a leading philanthropist. His vast contributions to education through the Shiv Nadar Foundation have made him an icon of both, tech and social impact.
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4. Cyrus S. Poonawalla
He vaccinated the world, one shot at a time– the life-saver of billions.
Source: cyruspoonawallagroup.com
He is the founder of the Serum Institute of India (SII), the world’s largest vaccine manufacturer. Poonawalla played a key role in global health, especially during the COVID-19 pandemic. His company was responsible for the rapid vaccine production.
5. Dilip Shanghvi
The sun that never sets on pharma.
Source: Fortune India
Dilip Shanghvi is the founder of Sun Pharmaceuticals, one of India’s largest and most globally recognised pharma companies. His success is rooted in a focus on generics and innovation in medicine. He has indeed revolutionised the pharmaceuticals industry.
6. Kumar Mangalam Birla
The cementing force of Indian industry– Kumar Mangalam Birla.
Source: adityabirla.com
He is the chairman of the Aditya Birla Group. Birla is one of India’s most influential industrialists, with businesses spanning across multiple sectors, from cement to telecommunications. The companies under the Birla group include Grasim Industries, Hindalco Industries, UltraTech Cement, Aditya Birla Capital, Aditya Birla Fashion, Vodafone Idea, Aditya Birla Sun Life AMC Ltd, Birla Corporation Ltd, Birla White, Aditya Birla Capital Limited (ABCL), Allen Solly and many others.
7. Gopichand Hinduja
Old roots, global wings– Hinduja.
Source: hindujagroup.com
Gopichand Hinduja is the co-chairman of the Hinduja Group. Hinduja operates in sectors ranging from automotive to finance and energy. The Hinduja family is known for its global business empire and long-term investments.
8. Radhakishan Damani
From stocks to supermarkets– RK Damani.
Source: Forbes
Radhakishan Damani is the founder of DMart. He is also a self-made billionaire who transitioned from stock market investments to building one of India’s most successful retail chains.
9. Azim Premji
Technology + Philanthropy = Azim Premji
Source: britannica.com
He is the former chairman of Wipro. Premji is not only known for building one of the biggest tech companies in India but also for being one of the country’s most generous philanthropists.
10. Niraj Bajaj
India’s Auto Revolutionist– Niraj Bajaj.
Source: bajajgroup.company
Niraj Bajaj is a key member of the Bajaj family. He is involved in the family’s successful two-wheeler and three-wheeler business, Bajaj Auto, and is a recognised leader in the Indian manufacturing industry.
Wrapping Up
With a record number of billionaires and immense contributions from various sectors, India is well on its way to becoming a global powerhouse of wealth. As younger entrepreneurs join the ranks of the ultra-rich, the future of India’s economy looks more promising than ever.
FAQs
What is the Hurun Rich List 2024?
The Hurun Rich List 2024 is a ranking of the wealthiest individuals in India, showing those with a net worth of ₹1000 crore or more.
Rank Name Wealth (₹ in crore) Change in Wealth Company Age Residence
1 Gautam Adani & family 1,161,800 95% Adani Group 62 Ahmedabad
2 Mukesh Ambani & family 1,014,700 25% Reliance Industries 67 Mumbai
3 Shiv Nadar & family 314,000 37% HCL Technologies 79 New Delhi
4 Cyrus S. Poonawalla & family 289,800 4% Serum Institute of
India83 Pune
5 Dilip Shanghvi & family 249,900 52% Sun Pharmaceutical
Industries68 Mumbai
6 Kumar Mangalam Birla & family 235,200 87% Aditya Birla Group 57 Mumbai
7 Gopichand Hinduja & family 192,700 9% Hinduja Group 84 London
8 Radhakishan Damani
& family190,900 33% Avenue Supermarts (D-Mart) 69 Mumbai
9 Azim Premji & family 190,700 24% Wipro 79 Bengaluru
10 Niraj Bajaj & family 162,800 35% Bajaj Group 69 Mumbai
Who is the richest person in India in 2024?
Gautam Adani & family top the list with a wealth of Rs 1,161,800 crore.
How many billionaires are there in India in 2024?
India has 334 billionaires according to the Hurun Rich List 2024.
Which city has the most billionaires in India?
Mumbai is the billionaire capital of Asia, with 92 billionaires as per the Hurun Rich List 2024.
Who are the youngest billionaires in India?
Harshil Mathur (Razorpay) and Shashank Kumar (Razorpay) are among the youngest billionaires at 33 years old.
What is the total wealth of Indian billionaires in 2024?
The combined wealth of India’s billionaires is ₹159 lakh crore, more than half of India’s GDP.
Which Indian city has overtaken Bengaluru in the billionaire count?
Hyderabad has surpassed Bengaluru to become the third top city for billionaire entries on the Hurun list.
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