India's billionaire count has tripled, according to the recently released Hurun India Rich List 2024. This year's list highlights the rising trend of a surge in the wealth of some of India's top billionaires. Moreover, the report also sheds light on the cities most Indian billionaires prefer to live in.
Metro cities like Mumbai and New Delhi witnessed a rise in billionaire residents. However, India's silicone city, Bengaluru, declined on the list and was placed below Hyderabad.
Highlighting Bengaluru's degradation in the Hurun India Rich List 2024 ranking, former CFO and Board Member at Infosys Mohandas Pai called out the Karnataka government for failing to develop the city over the years.
Drawing attention towards Bengaluru's performance in Hurun India Rich List 2024, Mohandas Pai shared a post on X and tagged Karnataka CM Siddaramaiah, Karnataka Deputy Chief Minister DK Shivakumar, Infosys co-founder Kris Gopalakrishnan and Kiran Mazumdar Shaw.
“Bengaluru has lost out to Hyderabad in the rich list for the first time. Sign of times to come with no development but grandiose projects? Very depressing lack of governance,” Pai wrote in his post.
India's financial capital, Mumbai, is home to the highest number of billionaires in the country. The metro city also surpassed China's capital city of Beijing and became Asia's ‘billionaire capital’. New Delhi follows Mumbai. Hyderabad is placed in third place, whereas Bengaluru is in fourth place, followed by Chennai, Kolkata, and Ahmedabad.
Adani Group founder Gautam Adani ranked first on the Hurun India Rich List 2024, leaving Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Limited (RIL), behind.
Adani secured the first position with a total wealth of about ₹11.6 lakh crore, which grew by 95 per cent for Adani and his family.
According to the list, Ambani and his family's total wealth stood at ₹10.1 lakh crore. The Shiv Nadar family secured the third spot in the Hurun India Rich List 2024.
The vaccine maker Cyrus S Poonawalla and the family of Serum Institute of India hold the fourth position, followed by Dilip Shanghvi of Sun Pharmaceutical Industries.
