The Hurun India Rich List 2024 has unveiled its latest rankings, revealing significant shifts in the wealth landscape of India's elite. In a surprising turn of events, Adani Group Chairman Gautam Adani has overtaken Mukesh Ambani, Chairman and Managing Director of Reliance Industries, to become the richest Indian. This year's list also highlights the emergence of new billionaires, the rise of self-made women, and the youngest billionaires in India.
Gautam Adani Overtakes Mukesh Ambani
Gautam Adani has secured the top spot on the Hurun India Rich List 2024 with a staggering net worth of ₹11.61 lakh crore, surpassing Mukesh Ambani, whose net worth stands at ₹10.14 lakh crore. This marks a significant comeback for Adani, whose wealth had declined by 57% to ₹4.74 lakh crore in 2023 following allegations by US-based short seller Hindenburg Research. Despite the sharp decline last year, Adani’s wealth has rebounded impressively, dethroning Ambani, who had maintained his position as the richest Indian for several years.
Top 10 Richest Indians in 2024
The 2024 Hurun India Rich List presents the top 10 wealthiest individuals in India, showcasing the dominance of industrial magnates across various sectors:
|
Rank |
Name |
Net worth (in INR, crores) |
Company Name |
Residing in |
|
1 |
Gautam Adani & family |
1,161,800 |
Adani Group |
Ahmedabad |
|
2 |
Mukesh Ambani & family |
1,014,700 |
Reliance Industries |
Mumbai |
|
3 |
Shiv Nadar & family |
314,000 |
HCL Technologies |
New Delhi |
|
4 |
Cyrus S Poonawalla & family |
289,800 |
Serum Institute of India |
Pune |
|
5 |
Dilip Shanghvi |
249,900 |
Sun Pharmaceutical Industries |
Mumbai |
|
6 |
Kumar Mangalam Birla & family |
235,200 |
Aditya Birla Group |
Mumbai |
|
7 |
Gopichand Hinduja & family |
192,700 |
Hinduja Group |
London |
|
8 |
Radhakishan Damani & family |
190,900 |
Avenue Supermarts |
Mumbai |
|
9 |
Azim Premji & family |
190,700 |
Wipro |
Bengaluru |
|
10 |
Niraj Bajaj & family |
162,800 |
Bajaj Auto |
Mumbai |
Shiv Nadar of HCL Technologies ascended to the third position with a net worth of ₹3.14 lakh crore, while Cyrus Poonawalla of Serum Institute of India dropped to fourth place with a net worth of ₹2.89 lakh crore. Dilip Shanghvi of Sun Pharmaceuticals moved up to fifth, reflecting the strong performance of his company over the past year.
New Entrants and Rising Stars
The Hurun India Rich List 2024 also features new entrants and rising stars. Among them, Radha Vembu of Zoho stands out as the wealthiest self-made woman with a fortune of ₹47,500 crore. Meanwhile, the co-founders of Zepto, Kaivalya Vohra and Aadit Palicha, have made headlines as the youngest billionaires on the list. In their early 20s, Vohra and Palicha have amassed net worths of ₹3,600 crore and ₹4,300 crore, respectively, showcasing the potential of India's startup ecosystem.
Actor Shah Rukh Khan made his debut on the list with an estimated fortune of ₹7,300 crore, highlighting the increasing crossover between entertainment and business. His business partner, Juhi Chawla, also featured on the list with a net worth of ₹4,600 crore, securing the second spot among entertainers.
India's Growing Billionaire Population
India's billionaire population has been on the rise, with the Hurun India Rich List 2024 revealing that the country now boasts 334 billionaires, a sixfold increase over the past seven years. The list, which includes individuals with a net worth of over ₹1,000 crore, has grown by 220 people, bringing the total to 1,539. The cumulative wealth of those on the list has reached ₹159 lakh crore, surpassing the combined GDP of Saudi Arabia and Switzerland, and accounting for more than half of India's GDP.
The Hurun India Rich List 2024 not only highlights the wealthiest individuals but also reflects the dynamic and evolving landscape of India's economy, where new faces continue to emerge and established giants maintain their stronghold.
Inputs by Agencies
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