India minting 1 billionaire every 5 days, total count crosses triple century
billionaire every five days in the last one year and took the total count of US dollar billionaires to cross the triple-century mark for the first time.
The 2024 Hurun India Rich List shows that India now has 334 billionaires by adding 75 compared to the last year.
«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! The top 20 sectors all added new faces, showcasing the unstoppable spirit of Indian entrepreneurs as they drive growth across the board,» said Anas Rahman Junaid, Founder and Chief Researcher, Hurun India, said.
The report also highlights how India is emerging as Asia's wealth-creation engine. «While China saw a 25% decline in its number of billionaires, India experienced a 29% increase, reaching a record 334 billionaires. For the first time, the Hurun India Rich List features 1,539 entrants, showcasing a diverse range of wealth creators—from family-run businesses and startup founders to private equity investors, angel investors, next-generation leaders, film stars, and more,» it said.
Also read | Gautam Adani family wealth surges 95% in 1 year to Rs 11.6 lakh crore: Hurun Rich List
The pattern of wealth creation in India has become more decentralized and widespread. Over the last decade, the number of Indian cities represented in the rich list has surged to 97 from 95 last year, up from 10 cities since the inception of the list, the report said.
Huru
