Hurun Rich List: Gautam Adani replaces Mukesh Ambani to become wealthiest Indian; Shah Rukh Khan makes debut in richest list

Shiv Nadar and family of HCL gained one spot to be the third richest with a networth of Rs 3.14 lakh crore, while Serum Institute of India’s Cyrus Poonawalla slipped by one notch to the fourth position with a networth of Rs 2.89 lakh crore in 2024.

Sun Pharmaceuticals’ Dilip Shanghvi continued his ascent on the list, securing the fifth richest tag against sixth last year with a networth of Rs 2.50 lakh crore. Radha Vembu of Zoho was the wealthiest among self-made women with a fortune of Rs 47,500 crore, while Zepto’s co-founders Kaivalya Vohra and Aadit Palicha, who are in their early 20s, were the youngest on the list with a networth of Rs 3,600 crore and Rs 4,300 crore, respectively.

The list, which captures Indians having a networth of over Rs 1,000 crore, grew by 220 individuals to 1,539 people in 2024. The cumulative wealth has seen a 46 per cent jump in the year.

Actor Shah Rukh Khan made his debut on the list with a fortune estimated at Rs 7,300 crore, which was much higher than business partner Juhi Chawla with Rs 4,600 crore networth secured second place among the entertainers.

The country’s billionaire population has been rising significantly, with the latest Hurun India Rich List 2024 revealing a sixfold increase to around 334 billionaires over the past seven years.

The cumulative wealth of the individuals on the Hurun India Rich List has now reached INR 159 lakh crore, surpassing the combined GDP of Saudi Arabia and Switzerland and accounting for more than half of India’s GDP.

Hurun India Rich List 2024: Top 10 Richest Indians

Rank	Name	Net worth (in INR, crores)	Company Name	Residing in
1	Gautam Adani & family	1,161,800	Adani Group	Ahmedabad
2	Mukesh Ambani & family	1,014,700	Reliance Industries	Mumbai
3	Shiv Nadar & family	314,000	HCL Technologies	New Delhi
4	Cyrus S Poonawalla & family	289,800	Serum Institute of India	Pune
5	Dilip Shanghvi	249,900	Sun Pharmaceutical Industries	Mumbai
6	Kumar Mangalam Birla & family	235,200	Aditya Birla Group	Mumbai
7	Gopichand Hinduja & family	192,700	Hinduja Group	London
8	Radhakishan Damani & family	190,900	Avenue Supermarts	Mumbai
9	Azim Premji & family	190,700	Wipro	Bengaluru
10	Niraj Bajaj & family	162,800	Bajaj Auto	Mumbai

Source: Hurun Rich List 2024

With PTI inputs

Know more about Gautam Adani and family:

Gautam Adani and family (credit: Adani Group)

Gautam Adani, chairman of the Ahmedabad-based Adani Group, has a net worth of INR 1,161,800 CR. The conglomerate has interests in ports, airports, power generation, green energy, edible oils, cement, and real estate. Notably, Adani is India’s largest airport operator and controls Mundra Port in Gujarat, and in 2022, Adani became India’s second-largest cement producer after acquiring Swiss firm Holcim’s Indian assets for $10.5 billion.

Know more about Mukesh Ambani and family:

Mukesh Ambani and family (credit: FE)

Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, holds a net worth of INR1,014,700 CR making him India’s second wealthiest Indian in 2024. Reliance Industries, a diversified conglomerate with a revenue of over INR 9.03 lakh crore ($109.4 billion), is led by the Ambani family, with a valuation of ₹25.75 lakh crore ($309 billion), thereby making it India’s most valuable family business.

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Know more about Shiv Nadar and family:

Shiv Nadar and family (credit: FE via Success Story)

Shiv Nadar, a philanthropist and founder of HCL Technologies, is the third richest Indian with a net worth of INR 314,000 CR. His company, with clients like Cisco, Microsoft, and Boeing, has been honoured with the Padma Bhushan in 2008. His family’s combined net worth of INR 4,30,600 CR makes HCL the fifth most valuable Indian business in 2024.

Ranked | Top 10 most valuable family-owned businesses in India in 2024