RIL’s Mukesh Ambani, Adani Group’s Gautam Adani, SII’s Cyrus S Poonawalla lead Billionaire Boom as net worth of 1,319 Indians rise to over Rs 1,000 crore; BT Magazine’s The Point decodes key figures

BT Magazine’s The Point: Rising Riches

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

India’s Top 10 Richest: Mukesh Ambani, Gautam Adani and more

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

Most Indian Billionaires from pharma

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

Richest Indian Professionals

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

Billionaire Cities: Mumbai, Delhi & more

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

Wealth-o-Meter: Poonawalla, Shiv Nadar and more

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

A Rich Man’s World: NRI billionaires

The US has 47 NRI billionaires, the highest number in rupee terms, followed by the UAE (20) and the UK (14)

Richest NRIs: Hinduja family, LN Mittal and more

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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