Indian billionaire Mukesh Ambani and Family top the charts with a net worth of over Rs 808,700 crore in the 360 ONE Wealth Hurun India Rich List 2023 released by Hurun India and 360 Wealth.
Gautam Adani & Family with Rs 474,800 crore and Cyrus Poonawalla & Family with Rs 278,500 crore are next in the list. The 12th annual ranking of the richest individuals in India came out with interesting insights such as 1,319 citizens had net worth of over Rs 1,000 crore, up by 219, which includes 278 new entrants.
For the first time since the launch of Hurun lists, cumulative wealth of 360 one wealth Hurun India Rich listers grows to Rs 109 lakh crore – more than the combined GDP of Singapore, UAE and Saudi Arabia.
The report found that cumulative wealth in the list increased by 8.5 percent, while average wealth has decreased by 9.3%. About 1,054 individuals saw their wealth increase or stay the same, of which 278 are new faces, whilst 264 saw their wealth drop and there were 55 dropouts.
Interestingly, India has 259 billionaires, up 38 compared to last year. In terms of segment-wise contribution Industrial Products, Metals & Mining added the greatest number of new entrants to the list, Pharma was still at number one seeing 133 entrants to the list. Kaivalya Vohra (20), Founder, Zepto was the youngest in the list, indicating the impact of the start-up revolution.
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