There has been a dramatic increase in the number of India’s super rich. A record 1,319 Indians from 138 cities currently have a net worth of more than Rs 1,000 crore, according to the 360 ONE Wealth Hurun India Rich List 2023. The number reveals an interesting narrative about the growth, expansion, and evolving dynamics of India’s rich. Let’s take a look at what the data shows
From Reliance Industries Limited’s Mukesh Ambani, Adani Group’s Gautam Adani, SII’s Cyrus S Poonawalla to Aditya Birla Group’s KM Birla, HCL’s Shiv Nadar, DMart’s Radhakishan Damani and more, the combined fortunes of India’s top 10 richest persons is Rs 26.84 lakh crore. This is more than 8 per cent of the BSE’s market cap
Note: This list refers to individuals residing or born and raised in India
133 billionaires are from the pharma sector, followed by chemicals and petrochemicals (110) and industrial products (96). The highest growth in wealth in percentage terms in one year at a whopping 321 per cent was witnessed by Gauri Shankar Agarwala & family of CMR Green Technologies
Eight of the top 10 wealthiest Indian professionals are associated with US firms. This list refers to individuals residing or born and raised in India
In 2023, Mumbai houses the highest number of Indian billionaires in rupee terms, followed by Delhi, Bengaluru, Hyderabad and Chennai. Ahmedabad, Kolkata, Pune, Surat, Dubai and Gurugram are also home to India’s richest
In absolute terms, Cyrus S Poonawalla & family of Serum Institute of India made the highest gains in the last one year followed by HCL’s Shiv Nadar, Sun Pharma’s Dilip Shanghvi, RJ Corp’s Ravi Jaipuria and JSW Steel’s Sajjan Jindal
The US has 47 NRI billionaires, the highest number in rupee terms, followed by the UAE (20) and the UK (14)
The Hinduja Group, led by Gopichand Hinduja and his family, is the wealthiest non-resident Indian business family followed by ArcelorMittal’s LN Mittal & family and Adani Group’s Vinod Shantilal Adani & family
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