Hurun India Rich List 2024: India’s billionaire rely has reached a new milestone, with the nation including a billionaire every 5 days previously yr, bringing the full variety of US greenback billionaires to over 300 for the primary time. The 2024 Hurun India Rich List reveals that India now has 334 billionaires, a rise of 75 in comparison with the earlier yr.
Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, stated, “India continues to score Gold in the ‘Wealth Creation Olympics’.The number of billionaires in 2024 Hurun India Rich List hits triple century, with all the top 20 sectors adding new faces to the list! The top 20 sectors all added new faces, showcasing the unstoppable spirit of Indian entrepreneurs as they drive growth across the board.”
The report additionally emphasizes India’s rising function as Asia’s wealth-creation powerhouse. While China skilled a 25% lower in its billionaire inhabitants, India noticed a 29% enhance, reaching a record-breaking 334 billionaires.
Also Read | Shah Rukh Khan debuts on 2024 Hurun India Rich List with Rs 7,300 crore wealth
According to an ET report, the Hurun India Rich List now contains 1,539 people, representing a big selection of wealth creators, together with family-run companies, startup founders, non-public fairness buyers, angel buyers, next-generation leaders, and movie stars.
The distribution of wealth creation in India has turn into extra geographically numerous and widespread. Over the previous decade, the variety of Indian cities represented within the wealthy checklist has grown from 10 to 97, up from 95 within the earlier yr, indicating a broader distribution of wealth throughout the nation.
According to the Hurun India report, there are 1,539 people in India with a wealth of a minimum of Rs 1,000 crore. When the edge is raised to Rs 5,000 crore, the checklist narrows all the way down to 534 excessive web value people (HNIs).
Junaid estimates that for every one particular person on the checklist, they could have missed two, suggesting that India probably has round 5,000 people with a web value of Rs 1,000 crore or extra.
Also Read | Gautam Adani overtakes Mukesh Ambani as richest Indian on Hurun India Rich List 2024
The report additionally highlights that the cumulative wealth of India’s richest people has risen by 46%, with a mean wealth enhance of 25%. “1,334 individuals saw their wealth increase or stay the same, of which 272 are new faces, whilst 205 saw their wealth drop and there were 45 dropouts. India has 334 billionaires, up 75 compared to last year. While Real Estate, Industrial Products added the most significant number of new entrants to the list, Industrial Products is still at number one and has contributed 142 entrants to the list,” the report stated.
Kaivalya Vohra, the 21-year-old co-founder of fast commerce supply agency Zepto, is the youngest particular person on the checklist, with an estimated wealth of Rs 3,600 crore. The youngest billionaires are Harshil Mathur and Shashank Kumar, each 33 years previous and founders of the cost options app Razorpay.
Among the billionaires in India, Gautam Adani’s household tops the checklist with a web value estimated at Rs 11.6 lakh crore, adopted by the Ambanis at Rs 10.14 lakh crore. Other notable billionaires embrace HCL’s Shiv Nadar, ‘vaccine king’ Cyrus S Poonawalla, Dilip Sanghvi, Kumar Mangalam Birla, Hindujas, Radhakishan Damani, Azim Premji, and Niraj Bajaj.
Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, stated, “India continues to score Gold in the ‘Wealth Creation Olympics’.The number of billionaires in 2024 Hurun India Rich List hits triple century, with all the top 20 sectors adding new faces to the list! The top 20 sectors all added new faces, showcasing the unstoppable spirit of Indian entrepreneurs as they drive growth across the board.”
The report additionally emphasizes India’s rising function as Asia’s wealth-creation powerhouse. While China skilled a 25% lower in its billionaire inhabitants, India noticed a 29% enhance, reaching a record-breaking 334 billionaires.
Also Read | Shah Rukh Khan debuts on 2024 Hurun India Rich List with Rs 7,300 crore wealth
According to an ET report, the Hurun India Rich List now contains 1,539 people, representing a big selection of wealth creators, together with family-run companies, startup founders, non-public fairness buyers, angel buyers, next-generation leaders, and movie stars.
The distribution of wealth creation in India has turn into extra geographically numerous and widespread. Over the previous decade, the variety of Indian cities represented within the wealthy checklist has grown from 10 to 97, up from 95 within the earlier yr, indicating a broader distribution of wealth throughout the nation.
According to the Hurun India report, there are 1,539 people in India with a wealth of a minimum of Rs 1,000 crore. When the edge is raised to Rs 5,000 crore, the checklist narrows all the way down to 534 excessive web value people (HNIs).
Junaid estimates that for every one particular person on the checklist, they could have missed two, suggesting that India probably has round 5,000 people with a web value of Rs 1,000 crore or extra.
Also Read | Gautam Adani overtakes Mukesh Ambani as richest Indian on Hurun India Rich List 2024
The report additionally highlights that the cumulative wealth of India’s richest people has risen by 46%, with a mean wealth enhance of 25%. “1,334 individuals saw their wealth increase or stay the same, of which 272 are new faces, whilst 205 saw their wealth drop and there were 45 dropouts. India has 334 billionaires, up 75 compared to last year. While Real Estate, Industrial Products added the most significant number of new entrants to the list, Industrial Products is still at number one and has contributed 142 entrants to the list,” the report stated.
Kaivalya Vohra, the 21-year-old co-founder of fast commerce supply agency Zepto, is the youngest particular person on the checklist, with an estimated wealth of Rs 3,600 crore. The youngest billionaires are Harshil Mathur and Shashank Kumar, each 33 years previous and founders of the cost options app Razorpay.
Among the billionaires in India, Gautam Adani’s household tops the checklist with a web value estimated at Rs 11.6 lakh crore, adopted by the Ambanis at Rs 10.14 lakh crore. Other notable billionaires embrace HCL’s Shiv Nadar, ‘vaccine king’ Cyrus S Poonawalla, Dilip Sanghvi, Kumar Mangalam Birla, Hindujas, Radhakishan Damani, Azim Premji, and Niraj Bajaj.
