Hurun Report: India Added A Billionaire Every 5 Days In 2023

India

-Madhuri Adnal

Updated: Thursday, August 29, 2024, 23:56 [IST]

India
has
seen
a
remarkable
increase
in
wealth,
with
the
Hurun
India
Rich
List
2024
revealing
that
a
new
billionaire
emerged
every
five
days
throughout
2023.
This
year’s
list
includes
1,539
ultra-wealthy
individuals,
marking
an
increase
of
220
from
the
previous
year.
For
the
first
time,
the
list
features
over
1,500
entries,
each
with
wealth
exceeding
Rs
1,000
crore.

The
total
wealth
of
those
on
the
Hurun
India
Rich
List
2024
has
reached
an
astounding
Rs
159
trillion.
This
amount
surpasses
the
combined
GDP
of
Saudi
Arabia
and
Switzerland
and
represents
more
than
half
of
India’s
national
GDP.
The
industrial
sector
contributed
the
most
individuals
to
this
list.

India’s
Billionaire
Boom

The
number
of
billionaires
in
India
has
now
crossed
the
triple-century
mark,
reaching
334.
This
is
six
times
the
number
recorded
when
the
list
first
launched
13
years
ago.
Industrialist
Gautam
Adani
and
his
family
have
secured
the
top
position
with
a
staggering
wealth
of
Rs
11.6
trillion.

Bollywood
superstar
Shah
Rukh
Khan
made
his
debut
on
the
list
as
a
billionaire
with
a
wealth
of
Rs
7,300
crore.
His
financial
growth
was
attributed
to
investments
in
IPL
franchise
Kolkata
Knight
Riders
and
Red
Chillies
Entertainment.
Other
notable
figures
include
Amitabh
Bachchan,
Karan
Johar,
and
Juhi
Chawla.

Youngest
and
Oldest
Billionaires

The
youngest
billionaires
on
this
year’s
list
are
Harshil
Mathur
and
Shashank
Kumar,
both
aged
33,
who
founded
Razorpay,
a
payment
solution
application.
Meanwhile,
Kaivalya
Vohra
from
Zepto
is
the
youngest
overall
on
the
list.
The
oldest
person
to
debut
is
Hanwantbir
Kaur
Sahney
at
age
95
from
NBR
Bearings
Company.

Indian
billionaires
reside
across
134
cities,
with
five
of
the
top
ten
living
in
Mumbai,
India’s
financial
capital.
The
report
highlights
that
there
are
now
18
individuals
with
wealth
exceeding
Rs
1
trillion
each.

This
surge
in
wealth
underscores
India’s
growing
economic
power
and
highlights
significant
contributions
from
various
sectors
including
entertainment
and
technology.