The anticipation of India’s upcoming meeting election, with Prime Minister Narendra Modi poised for a possible third time period, has ignited a inventory market frenzy, propelling a record-breaking 200 Indians onto Forbes’ 2024 record of the World’s Billionaires—up from 169 final yr. Their collective wealth is nearing a trillion {dollars}, with a staggering complete of $954 billion, marking a exceptional 41% surge from $675 billion final yr.
Ambani’s Reliance soars, Adani rebounds strongly
Mukesh Ambani’s Reliance Industries has seen a meteoric rise, catapulting his internet value to $116 billion, solidifying his standing as India’s wealthiest particular person and the primary Asian to enter the unique $100 billion membership. In the meantime, Gautam Adani, regardless of going through setbacks within the earlier yr resulting from allegations of fraud, has rebounded vigorously, including $36.8 billion to his fortune, securing his place as India’s second richest particular person with a wealth of $84 billion.
Notable entries and exits
Twenty-five new Indian billionaires have made their debut on the record, together with distinguished figures like Naresh Trehan and Ramesh Kunhikannan. Nonetheless, 4 people, together with former edtech standout Byju Raveendran, have dropped off the record this yr. Moreover, the passing of notable billionaires like Keshub Mahindra and Ashwin Dani has reshaped the panorama of India’s billionaire class.
Prime 10 richest Indians
Mukesh Ambani – $116 billion
Gautam Adani – $84 billion
Shiva Nadar – $36.9 billion
Savitri Jindal – $33.5 billion
Dilip Shanghvi – $26.7 billion
Cyrus Poonawalla – $21.3 billion
Kushal Pal Singh – $20.9 billion
Kumar Birla – $19.7 billion
Radhakishan Damani – $17.6 billion
Lakshmi Mittal – $16.4 billion
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