{"id":32419,"date":"2024-09-03T18:57:14","date_gmt":"2024-09-03T13:27:14","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=32419"},"modified":"2024-10-24T13:27:35","modified_gmt":"2024-10-24T07:57:35","slug":"indian-billionaires-hurun-rich-list-2024","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/indian-billionaires-hurun-rich-list-2024\/","title":{"rendered":"Indian Billionaires: Hurun Rich List 2024"},"content":{"rendered":"

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.\u00a0<\/span><\/p>\n

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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.<\/span><\/p>\n

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\"Start<\/a><\/b><\/h4>\n

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Hurun Rich List 2024<\/b><\/h2>\n

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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 \u20b91000 crore or more. This is an increase of 272 more Indian new billionaires from the previous year.<\/span><\/p>\n

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This is the top 10 Indian billionaires as per the Hurun Rich List 2024:<\/span><\/p>\n

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\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Rank<\/th>Name<\/th>Wealth (\u20b9 in crore)<\/th>Change in Wealth<\/th>Company<\/th>Age<\/th>Residence<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>Gautam Adani & family<\/td>1,161,800<\/td>95%<\/td>Adani Group<\/td>62<\/td>Ahmedabad<\/td>\n<\/tr>\n
2<\/td>Mukesh Ambani & family<\/td>1,014,700<\/td>25%<\/td>Reliance Industries<\/td>67<\/td>Mumbai<\/td>\n<\/tr>\n
3<\/td>Shiv Nadar & family<\/td>314,000<\/td>37%<\/td>HCL Technologies<\/td>79<\/td>New Delhi<\/td>\n<\/tr>\n
4<\/td>Cyrus S. Poonawalla & family<\/td>289,800<\/td>4%<\/td>Serum Institute of
\nIndia<\/td>		83<\/td>Pune<\/td>\n<\/tr>\n
5<\/td>Dilip Shanghvi & family<\/td>249,900<\/td>52%<\/td>Sun Pharmaceutical
\nIndustries<\/td>		68<\/td>Mumbai<\/td>\n<\/tr>\n
6<\/td>Kumar Mangalam Birla & family<\/td>235,200<\/td>87%<\/td>Aditya Birla Group<\/td>57<\/td>Mumbai<\/td>\n<\/tr>\n
7<\/td>Gopichand Hinduja & family<\/td>192,700<\/td>9%<\/td>Hinduja Group<\/td>84<\/td>London<\/td>\n<\/tr>\n
8<\/td>Radhakishan Damani
\n& family<\/td>		190,900<\/td>33%<\/td>Avenue Supermarts (D-Mart)<\/td>69<\/td>Mumbai<\/td>\n<\/tr>\n
9<\/td>Azim Premji & family<\/td>190,700<\/td>24%<\/td>Wipro<\/td>79<\/td>Bengaluru<\/td>\n<\/tr>\n
10<\/td>Niraj Bajaj & family<\/td>162,800<\/td>35%<\/td>Bajaj Group<\/td>69<\/td>Mumbai<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/span><\/p>\n

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Key Highlights from the Hurun Rich List 2024<\/b><\/h2>\n

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Here are the major changes that happened in the recent rich list:<\/span><\/p>\n

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Young Billionaires on the Rise<\/b><\/h3>\n

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The list also shows how there\u2019s 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.<\/span><\/p>\n

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Mumbai: The Billionaire Capital of Asia<\/b><\/h3>\n

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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.<\/span><\/p>\n

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Bollywood’s Entry<\/b><\/h3>\n

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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.<\/span><\/p>\n

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Create wealth<\/a> starting at \u20b9500.<\/p><\/blockquote>\n

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Top 10 Indian Billionaires as per the Hurun Rich List 2024<\/strong><\/h2>\n

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1. Gautam Adani<\/b><\/h3>\n

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Gautam Adani tops the list.<\/p>\n

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\"Gautam_Adani_Kuvera\"<\/p>\n

Source: Wikipedia<\/p>\n

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Gautam Adani and his family have seen a 95% increase in their wealth, reaching a wealth size of \u20b91,161,800 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.<\/span><\/p>\n

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2. Mukesh Ambani<\/b><\/h3>\n

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Ambani secures the second spot.<\/p>\n

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\"Mukesh_Ambani_Kuvera\"<\/p>\n

Source: Forbes<\/p>\n

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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 \u20b91,014,700 crore, which is driven largely by Reliance Industries’ strong performance in petrochemicals, retail and telecom.<\/span><\/p>\n

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3. Shiv Nadar<\/h3>\n

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Shiv Nadar: The IT Giant with a Heart<\/p>\n

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\"Shiv_Nadar_Kuvera\"<\/p>\n

Source: Wikipedia<\/p>\n

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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.<\/p>\n

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Start investing<\/a> in Index Funds.<\/span><\/p><\/blockquote>\n

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4. Cyrus S. Poonawalla<\/h3>\n

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He vaccinated the world, one shot at a time\u2013 the life-saver of billions.<\/p>\n

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\"Cyrus_Poonawalla_Kuvera\"<\/p>\n

Source: cyruspoonawallagroup.com<\/p>\n

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He is the founder of the Serum Institute of India (SII), the world\u2019s 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.<\/p>\n

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5. Dilip Shanghvi<\/h3>\n

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The sun that never sets on pharma.<\/p>\n

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\"Dilip_Shanghvi_Kuvera\"<\/p>\n

Source: Fortune India<\/p>\n

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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.<\/p>\n

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6. Kumar Mangalam Birla<\/h3>\n

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The cementing force of Indian industry\u2013 Kumar Mangalam Birla.<\/p>\n

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\"Kumar_Mangalam_Birla_Kuvera\"<\/p>\n

Source: adityabirla.com<\/p>\n

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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.<\/p>\n

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7. Gopichand Hinduja<\/h3>\n

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Old roots, global wings\u2013 Hinduja.<\/p>\n

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\"Gopichand_Hinduja_Kuvera\"<\/p>\n

Source: hindujagroup.com<\/p>\n

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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.<\/p>\n

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8. Radhakishan Damani<\/h3>\n

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From stocks to supermarkets\u2013 RK Damani.<\/p>\n

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\"Radhakishan_Damani_Kuvera\"<\/p>\n

Source: Forbes<\/p>\n

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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\u2019s most successful retail chains.<\/p>\n

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9. Azim Premji<\/h3>\n

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Technology + Philanthropy = Azim Premji<\/p>\n

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\"Azim_Premji_Kuvera\"<\/p>\n

Source: britannica.com<\/p>\n

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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\u2019s most generous philanthropists.<\/p>\n

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10. Niraj Bajaj<\/h3>\n

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India’s Auto Revolutionist\u2013 Niraj Bajaj.<\/p>\n

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\"Niraj_Bajaj_Kuvera\"<\/p>\n

Source: bajajgroup.company<\/p>\n

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Niraj Bajaj is a key member of the Bajaj family. He is involved in the family\u2019s successful two-wheeler and three-wheeler business, Bajaj Auto, and is a recognised leader in the Indian manufacturing industry.<\/p>\n

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Wrapping Up<\/b><\/h2>\n

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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.<\/span><\/p>\n

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FAQs<\/b><\/h2>\n

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What is the Hurun Rich List 2024?<\/b><\/h4>\n

The Hurun Rich List 2024 is a ranking of the wealthiest individuals in India, showing those with a net worth of \u20b91000 crore or more.\u00a0<\/span><\/p>\n

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\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Rank<\/th>Name<\/th>Wealth (\u20b9 in crore)<\/th>Change in Wealth<\/th>Company<\/th>Age<\/th>Residence<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>Gautam Adani & family<\/td>1,161,800<\/td>95%<\/td>Adani Group<\/td>62<\/td>Ahmedabad<\/td>\n<\/tr>\n
2<\/td>Mukesh Ambani & family<\/td>1,014,700<\/td>25%<\/td>Reliance Industries<\/td>67<\/td>Mumbai<\/td>\n<\/tr>\n
3<\/td>Shiv Nadar & family<\/td>314,000<\/td>37%<\/td>HCL Technologies<\/td>79<\/td>New Delhi<\/td>\n<\/tr>\n
4<\/td>Cyrus S. Poonawalla & family<\/td>289,800<\/td>4%<\/td>Serum Institute of
\nIndia<\/td>		83<\/td>Pune<\/td>\n<\/tr>\n
5<\/td>Dilip Shanghvi & family<\/td>249,900<\/td>52%<\/td>Sun Pharmaceutical
\nIndustries<\/td>		68<\/td>Mumbai<\/td>\n<\/tr>\n
6<\/td>Kumar Mangalam Birla & family<\/td>235,200<\/td>87%<\/td>Aditya Birla Group<\/td>57<\/td>Mumbai<\/td>\n<\/tr>\n
7<\/td>Gopichand Hinduja & family<\/td>192,700<\/td>9%<\/td>Hinduja Group<\/td>84<\/td>London<\/td>\n<\/tr>\n
8<\/td>Radhakishan Damani
\n& family<\/td>		190,900<\/td>33%<\/td>Avenue Supermarts (D-Mart)<\/td>69<\/td>Mumbai<\/td>\n<\/tr>\n
9<\/td>Azim Premji & family<\/td>190,700<\/td>24%<\/td>Wipro<\/td>79<\/td>Bengaluru<\/td>\n<\/tr>\n
10<\/td>Niraj Bajaj & family<\/td>162,800<\/td>35%<\/td>Bajaj Group<\/td>69<\/td>Mumbai<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/span><\/p>\n

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Who is the richest person in India in 2024?<\/b><\/h4>\n

Gautam Adani & family top the list with a wealth of Rs 1,161,800 crore.<\/span><\/p>\n

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How many billionaires are there in India in 2024?<\/b><\/h4>\n

India has 334 billionaires according to the Hurun Rich List 2024.<\/span><\/p>\n

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Which city has the most billionaires in India?<\/b><\/h4>\n

Mumbai is the billionaire capital of Asia, with 92 billionaires as per the Hurun Rich List 2024.<\/span><\/p>\n

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Who are the youngest billionaires in India?<\/b><\/h4>\n

Harshil Mathur (Razorpay) and Shashank Kumar (Razorpay) are among the youngest billionaires at 33 years old.<\/span><\/p>\n

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What is the total wealth of Indian billionaires in 2024?<\/b><\/h4>\n

The combined wealth of India’s billionaires is \u20b9159 lakh crore, more than half of India’s GDP.<\/span><\/p>\n

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Which Indian city has overtaken Bengaluru in the billionaire count?<\/b><\/h4>\n

Hyderabad has surpassed Bengaluru to become the third top city for billionaire entries on the Hurun list.<\/span><\/p>\n

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\"FD<\/a><\/h4>\n

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Interested in how we think about the markets?<\/strong> Read more: Zen And The Art Of Investing<\/a><\/p>\n

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Watch here:<\/strong> Episode 2 of Threads of History<\/p>\n