Dominant industries which India’s billionaires represented include pharmaceuticals (39), automobile & auto components (27) and chemicals (24). (Express photo by Prashant Nadkar)
India added 94 new billionaires in 2023, the most by any country other than the US, taking the total to 271, according to the 2024 Hurun Global Rich List. An individual with $1 billion in wealth is a billionaire.
The collective wealth of Indian billionaires amounts to US$ 1 trillion or 7 per cent of total wealth, emphasising the nation’s substantial economic influence, it said. The average age of Indian billionaires is 67 years.
Dominant industries which India’s billionaires represented include pharmaceuticals (39), automobile & auto components (27) and chemicals (24).
Mumbai was the fastest growing billionaire capital in the world with 92 billionaires, adding 26 in the year, taking it to third in the world and Asia’s billionaire capital. New York ranked number 1 with 119; London was in second spot with 97. Beijing dropped from first place last year to the fourth position with 91, just threebillionaires less than India’s.
New Delhi broke into the Top 10 for the first time.
Mukesh Ambani is in the tenth position with a wealth of $115 billion and Gautam Adani is in the 15th position with a wealth of $86 billion, according to UK based Hurun.
At 52, Elon Musk (US $231 billion) reclaimed the title of the richest person in the world for the third time in four years, propelled by a surge in Tesla’s stock. Simultaneously, SpaceX, Musk’s aerospace venture, saw its valuation hit new heights on the back of successful launches, satellite internet ventures, and lucrative government contracts.
Jeff Bezos, 60, rose to the second position with US$ 185 billion, as his wealth grew 57 per cent this year, driven primarily by Amazon’s cloud computing, winning market share and making up for all his losses last year.
The biggest gainers of the year were Mark Zuckerberg, adding US$ 90 billion, and Elon Musk adding US$ 74 billion. Jensen Huang of Nvidia saw his wealth double to US$ 48 billion and a place in the Hurun Top 30.
Despite losing 155 billionaires, China is still the world capital for billionaires with as many as 814. The USA was just behind with 800 billionaires, adding 109. Between themselves, China and the USA — the ‘Big Two’ — have 49 per cent of the known billionaires on the planet, down 4 per cent, says the Hurun Rich List.
The 2024 Hurun Global Rich List underscores India’s ascension as a future economic titan, poised to secure its place as the world’s third-largest economy. Surpassing all but the United States, India’s unprecedented billionaire boom propels Mumbai past Beijing, crowning it as Asia’s billionaire epicentre,” said said Anas Rahman Junaid – Founder and Chief Researcher, Hurun India
The USA had a strong year on this latest Hurun Global Rich List, with its 800 entrants contributing a notable 37% of the overall wealth of the list. Adding 132 new faces, the American landscape continues to showcase entrepreneurial dynamism.
FAQs
Mumbai was the fastest growing billionaire capital in the world with 92 billionaires, adding 26 in the year, taking it to third in the world and Asia's billionaire capital. New York ranked number 1 with 119; London was in second spot with 97.
Which city in India has most billionaires? ›
Mumbai, India's financial capital, also emerged as the fastest-growing billionaire capital worldwide, solidifying its position as Asia's billionaire hub.
Which city has the most billionaires? ›
Hurun Research Institute
| Rank | City | Country |
|---|
| 1 | New York City | United States |
| 2 | London | United Kingdom |
| 3 | Mumbai | India |
| 4 | Beijing | China |
6 more rowsTo probably no one's surprise, Mukesh Ambani tops the list, and it goes on to include eminent personalities like Gautam Adani and Shiv Nadar. In this post, we bring you a list of the top 10 richest people in India courtesy of Forbes' Real-Time Billionaires rankings, which keeps an eye out for billionaires globally.
Who is the richest Indian in the world? ›
Mukesh Ambani leads the list. Forbes has recently revealed its annual ranking of the richest Indians in 2024. As many as 200 Indians have made their mark this year, a significant increase from 169 in 2023. Their combined wealth is $954 billion, a 41% increase from last year's $675 billion.
Which is the top 5 richest city in India? ›
Top 10 Richest Cities in India – 2024
| S. No. | City | GDP |
|---|
| 1 | Mumbai | USD 310 Billion |
| 2 | Delhi | USD 293.6 Billion |
| 3 | Kolkata | USD 150 Billion |
| 4 | Bengaluru | USD 110 Billion |
6 more rowsMar 6, 2024
Mumbai now has more billionaires than Beijing as it became Asia's billionaire capital for the first time. Mumbai hosts 92 billionaires against 91 in Beijing, Hurun Research's 2024 Global Rich List showed while China has 814 billionaires overall compared to India's 271.
Which state has no billionaires? ›
They live in 43 of the 50 states. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.
How many billionaires are from Gujarat? ›
India has more than 169 billionaires. Eighty-six billionaires are from Gujarat, which is almost 50%.
What are the richest cities in Asia? ›
Looking at the billionaire population, Singapore is home to 27: lower than Hong Kong's 32, Beijing's 43 and Shanghai's 40. In other parts of Asia, Indian cities of Mumbai, Bengaluru and Hyderabad are witnessing high growth in wealth, along with Ho Chi Minh City in Vietnam.
It all starts with the groom's father, billionaire industrialist Mukesh Ambani, who is currently the richest person in India and the ninth-richest man in the world. Forbes pegs his net worth at just under $118 billion.
Who is the richest woman in India? ›
- Savitri Jindal. Age: 73 years. Net Worth: $29.1 Billion. The 73-year-old, Savitri Jindal is India's wealthiest woman as per Forbes, with a net worth of $29.1 billion. ...
- Rekha Jhunjhunwala. Age: 59 years. Net Worth: $8.7 Billion. ...
- Smita Crishna-Godrej. Age: 73 years. Net Worth: $3.3 Billion.
Mukesh Ambani
He was born in Yemen on 19 April 1957. Mukesh Ambani started their business journey in 1981 when he joined his father's company Reliance. His father is also a well-known celebrity in India-Dhirubhai Ambani. With his hard work and dedication, he expanded and diversified the company.
Who is the richest NRI in India? ›
When it comes to wealth, Gopichand Hinduja and his family of the Hinduja Group stand out as the wealthiest NRI. Their combined fortune amounts to an astonishing Rs 1,76,500 crore. Also Read: Migration via investment route catching on among rich Indians.
Which state has the most billionaire in India? ›
02/8Maharashtra
Maharashtra, the financial capital of India, stands tall as the richest state. With a GSDP of over ₹31 trillion, it's home to Mumbai, the country's largest city and economic hub, hosting major banks, multinational corporations, and the stock exchange.
Which sector has most billionaires in India? ›
The pharmaceuticals sector accounted for the highest number of billionaires at about 137 in India in 2022.
Is Delhi richer than Mumbai? ›
Ans. Mumbai is richer with a GDP equal to $310 billion as compared to Delhi with a GDP equal to $290 billion. Which is better for living in Delhi or Mumbai as a student?
Dominant industries which India’s billionaires represented include pharmaceuticals (39), automobile & auto components (27) and chemicals (24). (Express photo by Prashant Nadkar)
