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 12 months. Their collective wealth is nearing a trillion {dollars}, with a staggering whole of $954 billion, marking a outstanding 41% surge from $675 billion final 12 months.
Ambani’s Reliance soars, Adani rebounds strongly
Mukesh Ambani’s Reliance Industries has seen a meteoric rise, catapulting his web price to $116 billion, solidifying his standing as India’s wealthiest particular person and the primary Asian to enter the unique $100 billion membership. Meanwhile, Gautam Adani, regardless of dealing with setbacks within the earlier 12 months resulting from allegations of fraud, has rebounded vigorously, including $36.8 billion to his fortune, securing his place as India’s second richest individual with a wealth of $84 billion.
Notable entries and exits
Twenty-five new Indian billionaires have made their debut on the record, together with outstanding figures like Naresh Trehan and Ramesh Kunhikannan. However, 4 people, together with former edtech standout Byju Raveendran, have dropped off the record this 12 months. Additionally, the passing of notable billionaires like Keshub Mahindra and Ashwin Dani has reshaped the panorama of India’s billionaire class.
Top 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
Also learn | Adani Green Energy Ltd achieves milestone: Surpasses 10,000 MW renewable vitality capability
