This is where we are stepping into uncharted territory as the 2024 Hurun India Rich List has reached record heights in Indian wealth history. For the first time ever, this list has more than 1500 names with approximately 1539 people having fortune greater than Rs 1000 crore. The boost in number of rich people reflects their increase in economic power throughout time.
Gautam Adani in 2024 Hurun India Rich List
The 2024 Hurun India Rich List indicates that Gautam Adani, along with his family is among the wealthiest individuals in India. They have a net worth estimated to be about Rs 11,61,800 crore which is approximately 95% more than what they had before.
One of those reasons is due to rapid growth of prices for shares of Adani Group firms; for instance shares of Adani Ports rose by 98%, while shares linked to energy sectors like Adani Energy, Adani Gas, Adani Transmission and Adani Power averaged at around 76%.
Moreover, not only did Gautam Adani’s family trust wealth and international companies within the promoter group appear on the list; they were also identified as a report on their wealth thus leaving them at the top and in charge.
Mukesh Ambani Should Belong To The Hurun 2024 List Of India’s Richest
As of now, the richest man in India is Gautam Adani who succeeded Mukesh Ambani. He stands at ₹10,14,700 Crores and thus comes second in Hurun India Rich List (2024).
However, despite this fact, Mr. Ambani continues to be considered one of the major players in the corporate sector of India due to his establishment of Reliance Industries that still holds an important position there.
The 2024 Hurun India Rich List’s Top 10 Richest Indians
The 2024 Hurun India Rich List reveals a doughnut of wealth with ten richest individuals in India. Each of these ten millionaires has had an average growth rate of twent five percent leading to an overall increase in their collective wealth by forty six percent. Six out of them have stayed put in the top ten for past five years thus proving their financial might.
Here’s a look at the top 10 wealthiest Indians in 2024:
| Rank | Name | Company/Industry | Wealth (Rs Crore) |
| 1 | Gautam Adani & Family | Adani Group | 11,61,800 |
| 2 | Mukesh Ambani | Reliance Industries | 10,14,700 |
| 3 | Shiv Nadar & Family | HCL Technologies | 3,14,000 |
| 4 | Cyrus S. Poonawalla & Family | Serum Institute of India | Not specified |
| 5 | Dilip Shanghvi | Sun Pharmaceutical Industries | Not specified |
| 6 | Gopichand Hinduja & Family | Hinduja Group | Not specified |
| 7 | Radhakishan Damani & Family | Avenue Supermarts (DMart) | Not specified |
| 8 | Lakshmi Mittal | ArcelorMittal | Not specified |
| 9 | Kumar Mangalam Birla & Family | Aditya Birla Group | Not specified |
| 10 | Uday Kotak & Family | Kotak Mahindra Bank | Not specified |
New Entries in the 2024 Hurun Rich List of India
272 newcomers on the 2024 Hurun India Rich List indicate a dynamic wealth creation process in the country. Movie personalities like Shah Rukh Khan, who is currently at the top with Rs 7300 crores, are among those that have made their way onto this list.
Other popularly known celebrities such as Juhi Chawla, Hrithik Roshan, Karan Johar and Amitabh Bachchan have added their names to this elite group through their contributions from showbiz and sports.
An upsurge in entertainers therefore shows how important the media and entertainment sector is to India’s economy.
The Billionaire Club: Unmasking Shah Rukh Khan
With his investments at KKR now soaring, Shah Rukh Khan finally joins this exclusive group of billionaires-indeed he is one them now and ranks as one of the richest figures in entertainment at 7300 crores INR. It shows how much influence Indian celebrities have over commerce these days!
Sectoral Highlights of the 2024 Hurun India Rich List
Trend from manufacturing and other components regarding the rise of the riches among the highest net worth individuals in India’s 2024 Hurun Rich List has been illustrated. In this year alone, 1,016 entrepreneurs from manufacturing have raised their total wealth by Rs 28 lakh crores.
This increase in manufacturing can be attributed to make in India policy pushed by government as well as rise in global demand for Indian goods.
Additionally, real estate saw a 75% increase in wealth levels and remains led by industrial products having accounted for 142 additional entrants into the list. Such observable patterns suggest that wealth creation in India is diverse where new industries co-exist with old ones.
Hyderabad’s Growth as a Financial Center
According to the Rich List India Hurun 2024, Hyderabad has now overtaken Bengaluru and is currently ranked third in terms of residential numbers. This has shown that the city is growing rapidly because of its rapidly emerging Information Technology sector, real estate boom and numerous prospering entrepreneurs.
Global Comparisons: Two Emerging Economies-India and China
The most recent publication of the 2024 Hurun India Rich List serves as a clear illustration of the contrast in wealth among nations, especially between India and China.
For instance, despite a 25% drop in billionaires within China, there was an incredible increase of 29% in India that saw its total number of billionaires grow to 334 which is still its highest to date.
The growth is testament that entrepreneurs who are skinny on finances are able to turn their fortunes around even during hard times when they would have nothing else on them.
The Success Story of Self Made
The surge in self-made billionaires is among the most inspiring features of the Hurun India Rich List 2024 releases. Notably, 65 percent of the people on this list are self-made, compared to only 54 percent five years ago.
This pattern attests to the increasing chances for entrepreneurship in India, where many first-generation entrepreneurs have attained unprecedented fame and fortune.
In addition, this year alone, 64 percent new entrants are self-made billionaires; which reconciles with innovation; effort among other things as principal tools for wealth creation.
The Buckets of Cash in the Country Now Spelled 2024
Positively speaking, the wealth of Indians is portrayed in the 2024 Hurun India Rich List. Nevertheless, it still needs to be noted that on Monday India’s wealth is being generated at an increasing and exponential rate as Indian entrepreneurs keep pushing towards expansion with relentless zeal. For instance; currently in India Top 100 for entry into upper crust is due to rise hence presently it stands at Rs 28400 crores.
It only shows how fast and rapidly everything keeps changing even beyond what we expected when few months ago there were just above two hundred billionaires in India. The country may soon witness many more billionaires than ever at this point thus deepening its status among economies of value globally as Michael Kaplan may have put it freely.
Conclusion
The Hurun India Rich List 2024 is an epitome of tremendous wealth generation in our times. Gautam Adani’s rapid ascent and Shah Rukh Khan’s debut entry into the billionaires’ fraternity have populated this year’s roster with motivating tales of accomplishment.
Therefore, as long as the Indian economy maintains its expansion rate there will be no end to opulence among her wealthy class making Hurun India Rich List 2024 a vital signifier of the country’s economic wellbeing as well as its creative enterprise.
