India might have only one man left in the list of the world’s 10 richest people, but it is home to several world’s richest billionaires across specific sectors.
India is home to the world’s richest aviation, telecom, healthcare, paint and biscuit manufacturing billionaires, as per Hurun’s Global Rich List 2023. Indigo founders Rakesh Gangwal and Rahul Bhatia are the world’s richest aviation billionaires, with net worths of $3.6 billion and $3.3 billion respectively. India is also home to the richest telecom billionaire in the world in Mukesh Ambani, who has a net worth of $82 billion, and is the ninth richest man in the world. Serum Institute’s Cryus Poonawala is the richest healthcare billionaire in the world, and Asian Paints’ Ashwin Dani is the richest paint entrepreneur in the world. Interestingly, India is also home to the world’s richest biscuit manufacturers — Nusli Wadia and family of Britannia are the richest biscuit manufacturers in the world.
Apart from pole positions across aviation, telecom, paints and biscuits, several Indian entrepreneurs are second-richest in the world in their respective domains. Kumar Mangalam Birla and family, which run UltraTech cement, is the second-richest cement manufacturer in the world. Byju Raveendran and family, which runs Byju’s, is the second richest education entreprenur in the world. Also, Zoho co-founder Radha Vembu is the second richest self-made woman in the software sector. Sun Pharma’s Dilip Sanghvi and family, with a net worth of $17 billion, are the second richest healthcare billionaires in the world.
And there are several Indians who are the third-richest in the world in their fields as well. Anil Rai Gupta and family, which run Havells, are the third-richest household appliances entrepreneurs in the world with a net worth of $3.6 billion. HCL’s Shiv Nadar is the third-richest software and services billionaire in the world. And in spite of losing nearly $40 billion in the last few months, Gautam Adani is the third-richest energy entrepreneur in the world.
Overall, India has the third highest billionaires globally with 187 billionaires behind China and the US. Over the last five years, Indian billionaires have added $361 billion to their net worths, which is equal to the GDP of Hong Kong. Most of Indian billionaires live in Mumbai, which has 66 billionaires, followed by New Delhi, which is home to 39, and Bangalore, which houses 21 billionaires. The largest number of Indian billionaires are from the healthcare sector, followed by consumer good and chemicals.
And the presence of several Indian entrepreneurs at the top of their respective fields are heartening signs — even if India now has only one representative in the list of the world’s richest entrepreneurs, there are still several businessmen who’s keeping the Indian flag flying high in their respective domains.
India is home to the world's richest aviation, telecom, healthcare, paint and biscuit manufacturing billionaires, as per Hurun's Global Rich List 2023. Indigo founders Rakesh Gangwal and Rahul Bhatia are the world's richest aviation billionaires, with net worths of $3.6 billion and $3.3 billion respectively.
India has a record number of 200 billionaires in 2024, ranking third globally for the highest concentration of the ultra-rich, who continue to build on their wealth on the back of the country's buoyant stock market, according to the Forbes 2024 World Billionaires List.
Nikhil Kamath - India's youngest billionaire - is ranked 1062 on the Forbes list with a net worth of $3.1 billion. “Nikhil Kamath cofounded discount brokerage Zerodha in 2010 with his older brother Nithin Kamath. It went on to disrupt the brokerage market in India.
Savitri Jindal is at number one among the richest women of India. Her net worth is 29.1 billion dollars. Savitri Jindal is the honorary chairperson of the O.P. Jindal Group and succeeded her husband O.P.
Mumbai was the fastest growing billionaire capital in the world with 92 billionaires, adding 26 in the year, taking it to third in the world and Asia's billionaire capital.
Assuming a family of four, consisting of two adults and two children, the average monthly income would be around Rs.11,432 in rural areas and Rs.23,172 in urban areas. However, it's important to note that these are only rough estimates, and actual income and spending may vary widely.
With an estimated wealth of $305 billion, the Royal family of Abu Dhabi- Al Nahyan family— is known as the richest family in the world. The head of the Al Nahyan family, Sheikh Mohammed bin Zayed Al Nahyan, is the ruler and President of the United Arab Emirates (UAE).
The overall category of the Rich, or those with family income of over Rs 30 lakh in 2020-21, is estimated at about 11 million households comprising 56 million consumers, compared to nearly 7 million households with 37 million consumers in 2015-16.
Forbes unveiled its 2024 'World's Billionaires' list on Wednesday, revealing a notable surge in the number of Indian billionaires. According to the list, 25 Indians made their debut on the list this year. Moreover, the roster now boasts 200 Indian individuals, a significant rise from the 169 counted last year.
Gopichand Hinduja is the chairman of Hinduja Automotive Ltd. in the UK and the Hinduja Group. He joined the family business in Mumbai in 1959. In 1979, he relocated to London to expand the export business.
Bernard Arnault, the richest person in the world, is the CEO and chairman at Moët Hennessy Louis Vuitton (LVMH), the world's largest luxury goods company encompassing approximately 70 renowned fashion and cosmetics brands.
India comes third with 271 billionaires, followed by the United Kingdom with 146 and Germany with 140 billionaires. Mumbai is now Asia's new billionaire capital, beating Beijing, with 92 billionaires, adding 26 new ones. New York stays the global billionaire hub, adding 14 new billionaires for a total of 119.
Introduction: My name is Arielle Torp, I am a comfortable, kind, zealous, lovely, jolly, colorful, adventurous person who loves writing and wants to share my knowledge and understanding with you.
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