Hurun India Rich List: Gautam Adani Takes Top Spot, Replaces Mukesh Ambani

OB Bureau

August 29, 2024 2:41 pm

New Delhi: Gautam Adani and his family have secured the top spot in the 2024 Hurun India Rich List, with a wealth of Rs 11.6 lakh crore, surpassing Mukesh Ambani, who, with a wealth of Rs 10.14 lakh crore, secured the second position on the list. The wealth calculations presented are based on the snapshot taken on July 31, 2024.

The report highlights that the number of billionaires in the country has reached a record 334, The Times of India reported.

Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, said the country is “emerging as Asia’s wealth creation engine!”

He stated that India experienced a 29% increase, even when China witnessed a 25% decline in its number of billionaires.

Following Adani and Ambani on the list is HCL Technologies’ Shiv Nadar and family in the third place, with a total wealth of Rs 3.14 lakh crore.

On the fourth and fifth positions were Cyrus S Poonawalla and the family of Serum Institute of India (SII) (Rs 2.89 lakh crore) and Sun Pharmaceutical Industries’ Dilip Shanghvi (Rs 2.49 crore).

The report further highlights that India produced a billionaire every five days last year. In 2023, the country had 259 billionaires.

The Hurun India Rich List has expanded considerably, with more than 1,500 individuals possessing a net worth of Rs 1,000 crore or more. It shows a 150% growth compared to seven years ago, Business Today reported.

This time, the list identifies 1,539 ultra-rich individuals, a significant increase of 220 from the previous year. This is the first time when the list exceeds 1,500 entrants, an 86% jump over the past five years.