Hurun India Rich List 2024 Highlights: India's Wealth Surge

Overall Growth and Milestones

• The 2024 Hurun India Rich List now includes 1,539 individuals with a net worth over ₹1,000 crore, an increase of 220 people from last year.
• Total wealth on the list has risen by 46% in the past year, reaching ₹159 lakh crore.
• India's billionaire count has grown sixfold over the past seven years to approximately 334.
• The list exceeds 1,500 entrants for the first time, marking a 150% surge in just seven years.
• Mumbai has emerged as the new "billionaire capital of Asia".

Top Performers and Notable Entrants

• Gautam Adani tops the list with a wealth of ₹11.6 lakh crore, surpassing Mukesh Ambani.
• Adani's wealth surged 95% in 2024, while Ambani's grew by 25% to ₹10.15 lakh crore.
• Shah Rukh Khan debuted on the list with a wealth of ₹7,300 crore.
• Anand Chandrasekaran is the first angel investor to make the list, with a wealth of ₹1,200 crore.
• Kaivalya Vohra, 21, of Zepto is the youngest entrant, worth ₹3,600 crore.
• Radha Vembu of Zoho remains the richest self-made Indian woman with ₹47,500 crore.
• Neha Bansal, 42, of Lenskart is the youngest self-made woman entrepreneur on the list.

Top 10 Rich Indians in Hurun List 2024

Sector-wise Analysis

• Industrial Products leads with 142 individuals, followed by Pharmaceuticals (136) and Chemicals & Petrochemicals (127).
• Real Estate saw the fastest growth, adding 42 new faces to the list.
• Technology startup founders contribute significantly with a cumulative wealth of ₹2.87 lakh crore.
• Manufacturing Hurun Rich List members added ₹28 lakh crore in wealth this year.
• 30% of list members are involved in services, while 70% are in production of physical goods.
• 51% of the list's members are consumer-focused, while 49% operate in the B2B sector.

Regional Insights and Demographic Trends

• Mumbai remains the leading city with 386 individuals, followed by New Delhi with 217.
• Hyderabad has overtaken Bengaluru for the third position, adding 17 new entrants.
• 1,008 entrepreneurs (65% of the list) are self-made, up from 54% five years ago.
• The youngest billionaire is 21-year-old Kaivalya Vohra, while the oldest debutant is 95-year-old Hanwantbir Kaur Sahney.

• The total wealth on the list now exceeds the combined GDP of Saudi Arabia and Switzerland, and makes up more than half of India's GDP.

Sector-specific Leaders

• Industrial Products: Anu Aga & family (115% increase in cumulative wealth)

• Pharmaceuticals: Cyrus S Poonawalla & family (32% rise in cumulative wealth)

• Chemicals & Petrochemicals: Sri Prakash Lohia (38% increase in cumulative wealth)

• Software & Services: Shiv Nadar & family (42% increase in cumulative wealth)

• Real Estate: Rajiv Singh & family (60% increase in cumulative wealth)

• Automobile & Auto Components: Niraj Bajaj & family (84% increase in cumulative wealth)

• Financial Services: Uday Kotak (38% increase in cumulative wealth)

• Construction & Engineering: P Pitchi Reddy (62% increase in cumulative wealth)

• Metals & Mining: Kumar Mangalam Birla & family (65% increase in cumulative wealth)

• Textiles, Apparels & Accessories: Rafique Abdul Malik & family (17% decrease in cumulative wealth)