- By Aditya Pratap Singh
- Thu, 10 Oct 2024 05:05 PM (IST)
- Source:JND
Forbes Richest Indian List: India's wealthiest individuals have attained a major milestone, with the combined wealth of the country's top 100 billionaires crossing the trillion-dollar threshold for the first time in 2024. According to Forbes' annual "India's 100 Richest" list, the country's tycoons are now worth an astonishing $1.1 trillion. This is double the amount of wealth held by India's top 100 billionaires.
Fifty-eight individuals on the list increased their fortunes by $1 billion or more, with more than 80% of the top 100 seeing their wealth grow. The top 12 wealthiest individuals account for nearly half of the total wealth accumulated by members of the list, demonstrating the vast concentration of wealth among the country's elite.
Mukesh Ambani tops the list
Leading the charge is Reliance Industries Chairman and Managing Director Mukesh Ambani, who retains his position as the wealthiest man in India. With an astonishing net worth of $119.5 billion, Ambani's wealth has grown by $27.5 billion in the past year. His diversified portfolio spans industries such as telecommunications, petrochemicals, and retail, positioning him as one of the world's most influential business leaders.
Adani gains wealth
Coming in a close second is Gautam Adani and his family, whose net worth is estimated at $116 billion. The owner of the Adani Group experienced the biggest wealth gain of the year, adding an eye-popping $48 billion to his fortune, bolstered by his diversified ventures in ports, energy, and infrastructure. Adani's rapid rise highlights his growing dominance of India's economic landscape.
Savitri Jindal is at third
Savitri Jindal is the third wealthiest woman in India with a net worth of $43.7 billion. Her family's wealth, derived from their metals and mining associations, has reinforced her position as a key player in the global business world.
HCL Enterprises founder Shiv Nadar came in fourth with a net worth of $40.2 billion. Nadar has been playing an important role in shaping India's IT sector, contributing to India's rise as a global tech hub. Dilip Shanghvi and his family rounded out the top five with a net worth of $32.4 billion, largely due to the success of Sun Pharmaceuticals, one of India's largest pharmaceutical companies.
Other names in the top 10 list
Radhakishan Damani, owner of retail giant DMart, and his family are worth $31.5 billion. Bharti Enterprises founder Sunil Mittal and his family are worth $30.7 billion. Aditya Birla Group Chairman Kumar Birla is estimated to have a net worth of $24.8 billion. Vaccine magnate Cyrus Punawala is worth $24.5 billion. The Bajaj family, known for its holdings in finance and automobiles, rounded out the top 10 with assets of $23.4 billion.
With India's top billionaires adding significant wealth in 2024, the list reflects strong growth in key sectors such as technology, pharmaceuticals, retail, and energy. As India's economy continues to expand, the wealth held by its wealthy individuals shows no signs of slowing down.
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