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Hurun Rich List 2024, Richest Indian List and Youngest Billionaires

The Hurun Rich List 2024 offers a comprehensive snapshot of the wealth distribution among India’s elite, showcasing the richest individuals and the rapid growth of billionaires in the country. This detailed analysis highlights the key takeaways from the latest Hurun Rich List and explores its implications for understanding wealth creation and economic dynamics in India.

Hurun India Rich List 2024

The Hurun India Rich List 2024 provides a detailed view of India’s wealth landscape, highlighting the achievements of its richest individuals and emerging entrepreneurs. It reflects the country’s economic growth and evolving wealth dynamics, offering valuable insights for understanding the broader economic and social implications.

Category Details
Top Wealthiest Individuals
1. Gautam Adani & Family Net Worth: ₹11.6 lakh crore
Company: Adani Group
Position: Richest Indian
2. Mukesh Ambani & Family Net Worth: ₹10.15 lakh crore
Company: Reliance Industries
Position: Second Richest Indian
3. Shiv Nadar & Family Net Worth: ₹3.14 lakh crore
Company: HCL Technologies
Position: Third Richest Indian
4. Cyrus Poonawalla & Family Net Worth: ₹2.89 lakh crore
Company: Serum Institute of India
Position: Fourth Richest Indian
5. Dilip Shanghvi Net Worth: ₹2.50 lakh crore
Company: Sun Pharmaceutical Industries
Position: Fifth Richest Indian
Notable New Entrants Details
Shah Rukh Khan Net Worth: ₹1.2 lakh crore (Approximate)
Overview: Bollywood superstar making debut on list
Anand Chandrasekaran Net Worth: ₹750 crore (Approximate)
Overview: Angel investor and first-time entrant
Youngest Billionaires Details
Harshil Mathur & Shashank Kumar Ages: 33
Net Worth: ₹8,700 crore
Company: Razorpay
Overview: Youngest billionaires
Kaivalya Vohra Age: 21
Net Worth: ₹3,600 crore
Company: Zepto
Overview: Youngest entrepreneur
Aadit Palicha Age: 22
Net Worth: ₹4,300 crore
Company: Zepto
Overview: Youngest entrepreneur
Key Trends and Insights Details
Total Number of Billionaires 334
Cumulative Wealth ₹159 lakh crore
Rise of Self-Made Entrepreneurs 65% self-made billionaires
Geographical Distribution Bengaluru: 27 billionaires
Economic Implications Growing wealth concentration; raises concerns about economic inequality
  1. Gautam Adani & Family
    • Net Worth: ₹11.6 lakh crore
    • Position: Richest Indian
    • Company: Adani Group
    • Key Details: Gautam Adani has reclaimed the top position, surpassing Mukesh Ambani. Adani’s conglomerate has diverse interests, including ports, airports, power, green energy, and cement. Adani is now India’s largest airport operator and a major player in the cement industry.
  2. Mukesh Ambani & Family
    • Net Worth: ₹10.15 lakh crore
    • Position: Second Richest Indian
    • Company: Reliance Industries
    • Key Details: Mukesh Ambani, previously the richest Indian, is now second. Reliance Industries remains a significant player with interests in petrochemicals, refining, telecommunications, and retail.
  3. Shiv Nadar & Family
    • Net Worth: ₹3.14 lakh crore
    • Position: Third Richest Indian
    • Company: HCL Technologies
    • Key Details: Shiv Nadar, a philanthropist and founder of HCL Technologies, has moved up to the third position. HCL is a major IT services company serving global clients.
  4. Cyrus Poonawalla & Family
    • Net Worth: ₹2.89 lakh crore
    • Position: Fourth Richest Indian
    • Company: Serum Institute of India
    • Key Details: Poonawalla’s Serum Institute is a leading vaccine manufacturer, noted for its role in producing COVID-19 vaccines.
  5. Dilip Shanghvi
    • Net Worth: ₹2.50 lakh crore
    • Position: Fifth Richest Indian
    • Company: Sun Pharmaceutical Industries
    • Key Details: Shanghvi’s Sun Pharma is a global pharmaceutical giant, known for its extensive range of medicines.

Youngest Billionaires

  1. Harshil Mathur and Shashank Kumar
    • Age: 33
    • Net Worth: ₹8,700 crore
    • Company: Razorpay
    • Key Details: Co-founders of Razorpay, a fintech company simplifying digital payments. Their company has seen a significant increase in valuation from $1 billion to $7.5 billion.
  2. Kaivalya Vohra and Aadit Palicha
    • Ages: 21 and 22
    • Net Worth: ₹3,600 crore and ₹4,300 crore respectively
    • Company: Zepto
    • Key Details: Founders of Zepto, a quick commerce startup, making notable strides in the Indian e-commerce sector.

Key Trends and Insights

  1. Surge in Billionaires: India has seen a substantial increase in its number of billionaires, with the count reaching 334 in 2024, up from 259 in the previous year. This reflects the country’s growing economic prowess and entrepreneurial activity.
  2. Wealth Distribution: The cumulative wealth of the top 1,539 ultra-wealthy individuals has soared to ₹159 lakh crore. This significant rise underscores the growing concentration of wealth among the elite.
  3. Self-Made Wealth: There is a growing trend of self-made billionaires, with 65% of the list comprising individuals who have built their wealth independently. This highlights the increasing opportunities for entrepreneurship and innovation in India.
  4. Geographical Distribution: Bengaluru remains a major hub for billionaires, with 27 residents featured on the list. This aligns with the city’s reputation as a technology and startup capital.
  5. Economic Implications: The rise in the number of billionaires and their cumulative wealth suggests a robust economic environment and a thriving entrepreneurial ecosystem in India. However, it also raises questions about wealth inequality and the distribution of economic gains.

Conclusion

The Hurun Rich List 2024 provides valuable insights into the dynamics of wealth creation and distribution in India. It highlights the achievements of India’s top entrepreneurs and business leaders, reflects the country’s economic growth, and points to emerging trends in wealth accumulation. For UPSC aspirants, understanding these aspects is crucial for analyzing India’s economic landscape and addressing related socio-economic issues.

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Hurun Rich List 2024 FAQs

Who is the richest person in India 2024?

Gautam Adani has overtaken Mukesh Ambani as the richest person in India, according to the 2024 Hurun India Rich List.

Who is the 19 year old billionaire in India?

Meet India's youngest millionaire, Kaivalya Vohra: the 19 ... Meet India's youngest millionaire, Kaivalya Vohra: the 19-year-old Stanford dropout co-founded delivery app Zepto in 2021 – and he already has a net worth of US$120 million.

Who is the richest man in India since 2000?

Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 14 consecutive years. He is currently world's 10th richest person in the world according to Forbes.

About the Author
Piyush
Piyush
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Greetings! I'm Piyush, a content writer at StudyIQ. I specialize in creating enlightening content focused on UPSC and State PSC exams. Let's embark on a journey of discovery, where we unravel the intricacies of these exams and transform aspirations into triumphant achievements together!