The 2024 Hurun India Rich List has been released, and it paints a vibrant picture of India’s wealth landscape, with significant milestones and new entrants. Here are the key highlights from the latest sources:
- Gautam Adani Takes the Top Spot
Gautam Adani and his family have secured the top position in the 2024 Hurun India Rich List, surpassing Mukesh Ambani. Adani’s wealth stands at an impressive Rs 11.6 lakh crore, marking a significant shift in the rankings.
- Record Number of Billionaires
India has witnessed a remarkable increase in the number of billionaires, reaching a record 334. This represents a 29% increase from the previous year, while China saw a 25% decline in its number of billionaires. This growth underscores India’s emergence as a major wealth creation engine in Asia.
- Top 10 Richest Indians
The top spots on the list are held by:
- Gautam Adani & family: Rs 11.6 lakh crore
- Mukesh Ambani & family: Rs 10.14 lakh crore
- Shiv Nadar & family: Rs 3.14 lakh crore
- Cyrus S Poonawalla & family: Rs 2.89 lakh crore
- Dilip Shanghvi: Rs 2.49 lakh crore.
- Notable Entrants and Trends
- Shah Rukh Khan’s Debut: The Bollywood star has made his debut on the list with a wealth of Rs 7,300 crore, primarily due to the increasing value of his holdings in the IPL team Kolkata Knight Riders.
- Youngest Billionaires: Kaivalya Vohra, 21, and Aadit Palicha, 22, co-founders of Zepto, are the youngest billionaires on the list.
- Entertainment Industry Growth: The entertainment sector saw significant growth, with seven new entrants and a collective addition of Rs 40,500 crore in wealth.
- Overall Wealth and Growth
The cumulative wealth of individuals on the Hurun India Rich List has reached Rs 159 lakh crore, surpassing the combined GDP of Saudi Arabia and Switzerland and accounting for more than half of India’s GDP. The list now includes 1,539 ultra-rich individuals, a significant increase of 220 from the previous year.
- Consistent Performers
Over the past five years, six individuals have consistently maintained their presence in the India Top 10: Gautam Adani & family, Mukesh Ambani & family, Shiv Nadar, Cyrus S. Poonawalla & family, Gopichand Hinduja & family, and Radhakishan Damani & family.
Conclusion
The 2024 Hurun India Rich List highlights India’s robust economic growth and its emergence as a major hub for wealth creation. With new entrants and significant increases in wealth, the list reflects the dynamic and growing nature of India’s rich elite.