The Hurun India Rich List for 2024 reveals significant shifts in wealth among India’s wealthiest individuals, with Gautam Adani replacing Mukesh Ambani as the richest Indian. The cumulative wealth of those on the list has surged to INR 159 lakh crore, surpassing the combined GDP of Saudi Arabia and Switzerland and accounting for more than half of India’s GDP.
Gautam Adani Becomes India’s Richest
Gautam Adani and his family, with a net worth of INR 11.6 lakh crore, have secured the top position in the 2024 Hurun India Rich List, displacing Mukesh Ambani and his family, whose net worth stands at INR 10.14 lakh crore. This marks a remarkable recovery for Adani, whose wealth had declined by 57% in 2023 to INR 4.74 lakh crore due to allegations by Hindenburg Research, which the Adani Group has denied.
Top Gainers and Notable Entrants
Shiv Nadar and family, founders of HCL Technologies, climbed to third place with a net worth of INR 3.14 lakh crore. Meanwhile, Cyrus Poonawalla of Serum Institute of India dropped to fourth place with a net worth of INR 2.89 lakh crore. Dilip Shanghvi of Sun Pharmaceuticals continued his rise, now ranking fifth with INR 2.50 lakh crore.
Notably, Bollywood superstar Shah Rukh Khan made his debut on the list, with an estimated fortune of INR 7,300 crore, making him the wealthiest entertainer in India. His business partner Juhi Chawla also secured a spot with a net worth of INR 4,600 crore.
Rising Billionaire Population
The list now includes 1,539 individuals, an increase of 220 from the previous year. India’s billionaire population has seen a sixfold increase over the past seven years, now numbering around 334.
Top 10 Richest Indians in 2024
- Gautam Adani & family – INR 11,61,800 crore (Adani Group, Ahmedabad)
- Mukesh Ambani & family – INR 10,14,700 crore (Reliance Industries, Mumbai)
- Shiv Nadar & family – INR 3,14,000 crore (HCL Technologies, New Delhi)
- Cyrus Poonawalla & family – INR 2,89,800 crore (Serum Institute of India, Pune)
- Dilip Shanghvi – INR 2,49,900 crore (Sun Pharmaceutical Industries, Mumbai)
- Kumar Mangalam Birla & family – INR 2,35,200 crore (Aditya Birla Group, Mumbai)
- Gopichand Hinduja & family – INR 1,92,700 crore (Hinduja Group, London)
- Radhakishan Damani & family – INR 1,90,900 crore (Avenue Supermarts, Mumbai)
- Azim Premji & family – INR 1,90,700 crore (Wipro, Bengaluru)
- Niraj Bajaj & family – INR 1,62,800 crore (Bajaj Auto, Mumbai)
The wealth accumulation and rankings are indicative of the dynamic shifts within India’s economic landscape, driven by various sectors including technology, pharmaceuticals, and entertainment.
Conclusion
The Hurun India Rich List 2024 highlights the growing wealth concentration in India, with the top 10 individuals collectively controlling a significant portion of the nation’s economy. The list also reflects the resilience and adaptability of India’s billionaires, with new entrants like Shah Rukh Khan demonstrating the expanding diversity of wealth sources in the country.
Sources
- Hurun Report: The primary source of data on the wealth and rankings of India’s richest individuals.
- PTI (Press Trust of India): Additional inputs on wealth changes and business developments.
- Financial Express: Background information on key figures and their business ventures.
FAQs on Hurun India Rich List 2024
1. Who is the richest person in India according to the Hurun India Rich List 2024?
Gautam Adani is the richest person in India, with a net worth of INR 11.6 lakh crore, according to the Hurun India Rich List 2024.
2. How did Gautam Adani surpass Mukesh Ambani to become the wealthiest Indian?
Gautam Adani’s diversified business empire, including interests in ports, airports, power generation, and green energy, saw significant growth, enabling him to surpass Mukesh Ambani, whose wealth is primarily tied to Reliance Industries.
3. What is Mukesh Ambani’s position on the Hurun India Rich List 2024?
Mukesh Ambani is ranked as the second richest Indian on the Hurun India Rich List 2024, with a net worth of INR 10.14 lakh crore.
4. Has Shah Rukh Khan made it to the Hurun India Rich List 2024?
Yes, Shah Rukh Khan made his debut on the Hurun India Rich List 2024, with an estimated fortune of INR 7,300 crore.
5. Who are the top 5 richest Indians according to the Hurun India Rich List 2024?
The top 5 richest Indians are: 1. Gautam Adani & family – INR 11.6 lakh crore 2. Mukesh Ambani & family – INR 10.14 lakh crore 3. Shiv Nadar & family – INR 3.14 lakh crore 4. Cyrus Poonawalla & family – INR 2.89 lakh crore 5. Dilip Shanghvi – INR 2.50 lakh crore
6. What is the cumulative wealth of the individuals on the Hurun India Rich List 2024?
The cumulative wealth of individuals on the Hurun India Rich List 2024 is INR 159 lakh crore, surpassing the combined GDP of Saudi Arabia and Switzerland.
7. How many billionaires are there in India according to the Hurun India Rich List 2024?
The Hurun India Rich List 2024 reveals that India has around 334 billionaires, a sixfold increase over the past seven years.
8. Which industries are represented by the wealthiest individuals in India?
The wealthiest individuals in India represent industries such as energy, technology, pharmaceuticals, retail, and entertainment.
9. Who is the wealthiest self-made woman in India according to the Hurun India Rich List 2024?
Radha Vembu of Zoho is the wealthiest self-made woman in India, with a fortune of INR 47,500 crore.
10. Who are the youngest billionaires on the Hurun India Rich List 2024?
The youngest billionaires on the list are Zepto co-founders Kaivalya Vohra and Aadit Palicha, with net worths of INR 3,600 crore and INR 4,300 crore, respectively.
