India experienced a 29 per cent jump in the number of billionaires, crossing the 300 mark for the first time to touch a record 334 billionaires, according to the latest 2024 Hurun India Rich List. It is six times since the list’s debut 13 years ago. The country also produced a billionaire every five days last year.
According to the list, India currently has 334 US dollar billionaires as compared with 259 in the previous year 2023. “India has 334 billionaires, up 75 compared to last year,” it said.
Anas Rahman Junaid, founder and chief researcher, Hurun India, said, “India continues to score Gold in the ‘Wealth Creation Olympics’. The number of billionaires in 2024 Hurun India Rich List hits triple century, with all the top 20 sectors adding new faces to the list. The top 20 sectors all added new faces, showcasing the unstoppable spirit of Indian entrepreneurs as they drive growth across the board.”
India is emerging as Asia’s wealth creation engine! While China saw a 25% decline in its number of billionaires, India experienced a 29% increase, reaching a record 334 billionaires, he said.
Meanwhile, for the first time, the Hurun India Rich List features 1,539 entrants, showcasing a diverse range of wealth creators — from family-run businesses and startup founders to private equity investors, angel investors, next-generation leaders, film stars, and more.
According to the Hurun list, India has 1,539 individuals with Rs 1,000 crore, which is up by 220 than last year, adding 272 new entrants. It is also the first time to break through the 1,500 mark, an increase of 86 per cent over the last five years.
“India minted a new billionaire every 5 days last year,” said the 2024 Hurun India Rich List.
It also said, “India’s manufacturing sector is on steroids! 1,016 manufacturing Hurun Rich listers added Rs 28 lakh crore of wealth this year.”
The youngest billionaires on the 2024 Hurun India Rich List are Harshil Mathur and Shahank Kumar (both aged 33), the founders of a payment solutions app Razorpay.
In a significant debut, Bollywood superstar Shah Rukh Khan, 58, has made his way onto the 2024 Hurun India Rich List with a net worth of Rs 7,300 crore. His wealth is largely attributed to his stakes in the Kolkata Knight Riders cricket team and Red Chillies Entertainment.
Other notable entrants from the film industry include Juhi Chawla and family, Hrithik Roshan, Karan Johar, and Amitabh Bachchan.
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