The landscape of India's wealthiest individuals has undergone significant changes over the last five years, according to a report by Hurun India.

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The study, titled the "360 One Wealth Hurun India Rich List 2023," revealed several trends in the country's wealth distribution. The list introduces 278 new entrants, amassing a total wealth of Rs 7,28,200 crore. Industries leading in new additions are Industrial Products with 33 individuals and Metals & Mining with 29.

Over the mentioned period, the number of individuals possessing wealth exceeding Rs 1,000 crore increased by 219, marking a 76% rise. This brought the total count to 1,319 individuals with such wealth.

Mukesh Amabani tops the list

Mukesh Ambani, Chairman and MD, Reliance Industries topped this years list with a total wealth of Rs 8,08,700 crore, surpassing Gautam Adani, Chairperson of Adani Group.

Additionally, Kumar Mangalam Birla and the Niraj Bajaj Family made a comeback to the list displacing Vinod Adani and Uday Kotak from India's Top 10 List.

Self made entrepreneurs emerge

The representation of self-made entrepreneurs was a prominent theme in this year's wealth report.

Radha Vembu, the driving force behind Zoho, emerged as the richest self-made Indian woman, surpassing Falguni Nayar. Further 12 Indians born in the 90s achieved made their addition into the list.

Among them, 20-year-old Kaivalya Vohra from Bengaluru, co-founder of the grocery delivery app Zepto, stood out as the youngest self-made and youngest wealthy individual.

The pharmaceutical sector demonstrated robust performance, producing the highest number of dollar billionaires (39), followed by the Chemicals and Petrochemicals (23) and Automobile and Auto Components (22) industries.

The report also highlighted a significant increase in the number of self-made entrepreneurs, reaching a record-breaking 871 individuals, constituting 66% of the list.

Mumbai leads the pack of billionaires, Tiruppur makes it's debut

Major Indian cities played a crucial role in shaping the list, with Mumbai leading the pack with 328 individuals, followed by New Delhi (199) and Bengaluru (100).

For the first time, Tiruppur made its debut in the top 20 cities contributing to the list.

Intriguingly, star signs seemed to play a role, with Pisces retaining the lead in wealth accumulation, followed by Taurus and Libra. The report revealed Virgo as the most prevalent star sign among successful entrepreneurs, constituting 9.6% of the list.

(Edited by : Akanksha Upadhyay)

First Published:Oct 10, 2023 2:05 PM IST