Hyderabad overtakes Indian IT capital Bengaluru to take third position in Hurun India Rich List
Hurun India Rich List, surpassing Bengaluru for the first time to secure the third position in terms of the number of wealthy residents. The city added 17 new entrants this year, reflecting its growing prominence in India's wealth landscape.
Hyderabad’s Rise
The surge of 17 new billionaires has propelled Hyderabad ahead of Bengaluru, marking a notable shift in the wealth distribution among Indian cities. This rise underscores Hyderabad's expanding role as a major wealth hub, driven by its thriving tech and business sectors.
Bengaluru's New Position
Bengaluru, which has long been a leading city for billionaires, now ranks fourth. Despite its established status as an economic center, Hyderabad’s recent growth has altered the rankings.
Record Wealth Growth
The 2024 Hurun India Rich List reveals that India added 75 new billionaires this year, bringing the total to 334. Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, noted, «India continues to score Gold in the ‘Wealth Creation Olympics’. The number of billionaires in 2024 Hurun India Rich List hits triple century, with all the top 20 sectors adding new faces to the list!» This growth highlights the resilience and drive of Indian entrepreneurs.
India Leads in Asia
India has emerged as a leader in wealth creation in Asia, surpassing China, which saw a 25% decline in billionaires. India’s number increased by 29%, reaching a record 334 billionaires. The Hurun India Rich List now features 1,539 entrants, reflecting a diverse range of wealth creators from
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