In the dynamic world of finance and industry, the ranks of the rich change rapidly, reflecting economic trends and personal achievements. In 2024, India's wealth hierarchy has undergone a dramatic change: Gautam Adani has emerged as the richest Indian, overtaking longtime leader Mukesh Ambani.
This remarkable move not only shows the strong competition among Indian entrepreneurs, but also shows the growth of the country's industries that drive the country's economy.
Shah Rukh Khan topped the list with a net worth of $7,300 million, surpassing his business partner Juhi Chawla's net worth of $4,600 million, making him the second-ranked entertainer. The country's billionaire population is on the rise, and the latest Hurun Top Richest Person in India 2024 shows that over the past seven years, the number of billionaires in the country has increased by six to about 334 billion people.
The accumulated wealth of the people on the Hurun India Rich List is now Rs 159 lakh crore, which is more than the GDP of Saudi Arabia and Switzerland and half of the GDP of India.
In this post, we take a look at the top 10 billionaires in india and explore the reasons behind their wealth and their impact on the country's economic outlook.
Top 10 Richest Person in India:
| Name & India Rank | Net Worth (₹) | Net Worth (US$) | Company |
|---|---|---|---|
| Mukesh Ambani | ₹9.66 lakh crore | $115.0 B | Reliance Industries |
| Gautam Adani | ₹6.81 lakh crore | $81.1 B | Adani Group (Adani Enterprises, Adani Ports, Adani Green Energy, etc.) |
| Savitri Jindal & Family | ₹3.52 lakh crore | $41.9 B | JSW Group (JSW Steel, JSW Energy, JSW Cement, JSW Infrastructure, etc.) |
| Shiv Nadar | ₹3.38 lakh crore | $40.3 B | HCL Technologies Ltd |
| Dilip Shanghvi | ₹2.56 lakh crore | $30.5 B | Sun Pharmaceutical Industries Ltd |
| Kumar Birla | ₹2.08 lakh crore | $23.9 B | Aditya Birla Group (UltraTech Cement, Grasim Industries, Hindalco Industries, etc.) |
| Cyrus Poonawalla | ₹1.94 lakh crore | $23.1 B | Serum Institute of India |
| Radhakishan Damani | ₹1.9 lakh crore | $22.7 B | Avenue Supermarkets |
| Kushal Pal Singh | ₹1.61 lakh crore | $19.2 B | DLF Limited |
| Ravi Jaipura | ₹1.34 lakh crore | $16.0 B | Varun Beverages |
1. Know about Mukesh Ambani and family's net worth:
Reliance Industries CEO and Chairman Mukesh Ambani has a net worth of INR 1,014,700 and will be the second richest Indian in India by 2024. Reliance Industries, a diversified conglomerate controlled by the Ambani family , which is over INR 9.03 billion. and INR 25.75 million crore ($309 billion), making it India's largest family business.
2.Know about Gautam Adani and family's net worth:
Ahmedabad-based Adani Group Chairman Gautam Adani has a net worth of INR 1,161,800 cr. The group has interests in ports, airports, power generation, green energy, cooking oil, concrete and materials. Notably, Adani is India's largest airport operator and operates the Mundra Port in Gujarat, and by 2022 Adani will become India's second largest cement producer after the acquisition of Indian asset of the Swiss company Holcim for $10.5 billion.
3.Know about Savitri Jindal and family's net worth:
Savitri Jindal is a prominent Indian entrepreneur and the chairman of the Jindal Group, a company known for its significant involvement in the steel, energy and infrastructure sectors. His commitment to philanthropy is evident through various programs aimed at promoting education and health. With an estimated net worth of $14 billion, she is one of India's richest and most influential women, showing strength and leadership in a male-dominated industry.
4.Know about Shiv Nadar and family's net worth:
Shiv Nadar, a philanthropist and founder of HCL Technologies, is the third richest Indian with a net worth of INR 314,000 cr. His company has been honored with the Padma Bhushan in 2008 and clients like Cisco, Microsoft and Boeing. The family's net worth of INR 4,30,600 CR will make HCL India the fifth largest business in 2024.
5.Know about Dilip Shanghvi and family's net worth:
At the age of 67, Dilip Shangvi has amassed a fortune of $29.8 billion through his pioneering work at Sun Pharmaceutical Industries. Under his leadership, Sun Pharmaceutical achieved a historic milestone as the first Indian pharmaceutical company to reach a valuation of $5 billion. Shanghvi's growth strategy included the landmark purchase of Ranbaxy Laboratories for $4 billion in 2014, a turning point in the company's evolution.
6. Know about Kumar Birla and family's net worth:
Kumar Birla, a prominent figure in the furniture industry, heads the Aditya Birla Group, a diversified conglomerate with interests in aluminum, cement, financial services and more. Notably, Birla served as the non-executive chairman of Vodafone Idea, a leading telecom company, until he stepped down in 2021 due to the company's dire debt problems. However, in a recent development, Birla has been appointed as a non-executive director of Vodafone Idea, which coincided with the company's Rs 18,000 crore FPO, the largest in India's history. This is a major milestone for Vodafone Idea called 'Vodafone Idea 2.0' which focuses on network enhancement and 5G deployment.
7.Know about Cyrus Poonawalla and family's net worth:
Born into a family of horse breeders, Cyrus Poonawalla revolutionized the vaccine industry by founding the Serum Institute of India in 1966. Under his visionary leadership, the company became the leading manufacturer of the world's largest vaccine, over 1.5 billion doses per year in Pune. Hindustan's son, Adar, a CEO and entrepreneur in the UK, led an $800 million investment to develop a new facility to produce a Covid-19 vaccine. The Covishield serum vaccine, developed in collaboration with AstraZeneca and the University of Oxford, played a key role in India's response to the pandemic. Apart from his vaccine empire, Poonawalla's business ventures include a major stake in Poonawalla Fincorp, a listed financial services firm, and a stake in the Ritz-Carlton Hotel in Pune, reflecting his spirit different businessmen.
8.Know about Radhakishan Damani and family's net worth:
Meet Radhakishan Shivkishan Damani, the visionary entrepreneur who revolutionized India's retail landscape! He is the owner of Avenue Supermarts Limited, the parent company of DMart, which has grown to 336 stores across India. Dubbed the 'King of Indian Retail', Daman started its journey in Mumbai in 2002 and has been making waves ever since. Through his investment arm, Bright Star Investments Limited, he strategically manages his investments and has significant stakes in VST Industries and India Cements. Its impressive property portfolio includes the luxury hotel Radisson Blu in Alibaug. With his business acumen and strategic investments, Damani has established himself as a prominent figure in the Indian market and investment landscape.
9.Know about Kushal Pal Singh and family's net worth:
Kushal Pal Singh, a visionary entrepreneur and retired army officer, has revolutionized the Indian landscape! Safar Singh's journey as the founding chairman of DLF, India's largest real estate company, is a testament to his commitment and leadership. He joined DLF in 1961 and helped build the company, developing DLF's headquarters in Gurgaon and serving as its Chairman for over 50 years. Now his son Rajiv Singh Pal remains the chairman of DLF. The company will continue to push boundaries and launch a luxury residential project in Delhi in 2022 with GIC. Singh's impressive feats have inspired many and demonstrated his ability to build a business empire while being profitable in the industry.
10.Know about Ravi jaipuria and family's net worth:
Beverage mogul Ravi Jaipuria, India's "King of Cola", heads RJ Corp, a diversified conglomerate with interests in beverages, fast food, healthcare and education. His flagship company, Varun Beverages, one of PepsiCo's leading producers worldwide, has won the International Bottler of the Year Award 2022. Jaipuria's journey began in 1985 when he joined to his family's Coca-Cola bottling business after studying in the US. After the family split in 1987, he joined PepsiCo and raised the bar. Its Devyani International, which owns the KFC, Pizza Hut and Costa Coffee franchises, went ahead in August 2021, strengthening its wealth and business assets.
Conclusion
As we have seen, figures like Gautam Adani, Mukesh Ambani and Savitri Jindal are not only rich but have contributed a lot to the country's economic growth in various sectors. The Hurun India Rich List 2024 highlights the growing number of billionaires and celebrates the entrepreneurial spirit and spirit that characterizes India's business ecosystem. As these individuals continue to build industries and inspire the next generation of entrepreneurs, their impact on the Indian economy will continue to be profound.
