hurun india rich list 2023

hurun india rich list 2023

Mukesh Ambani Regains Top Spot on Hurun India Rich List 2023

Mukesh Ambani, Chairman of Reliance Industries Limited, has once again secured the title of India’s richest individual on the Hurun India Rich List 2023, surpassing Gautam Adani, Chairman of the Adani Group. This shift in rankings is attributed to significant fluctuations in Gautam Adani’s wealth, primarily influenced by the Hindenburg Research report.

hurun india rich list 2023
image credit: indiatoday

The 360 ONE Wealth Hurun India Rich List 2023, jointly published by Hurun India and 360 Wealth, spotlights India’s wealthiest individuals, with Mukesh Ambani and his family leading the list with a net worth exceeding INR 8,08,700 crore. They are closely followed by Gautam Adani and Family with INR 4,74,800 crore, and Cyrus Poonawalla and Family with INR 2,78,500 crore.

hurun india rich list 2023

A notable revelation in this year’s list is the presence of 1,319 individuals with a net worth exceeding INR 1,000 crore, marking an increase of 219 individuals, including 278 newcomers. The cumulative wealth of the 360 ONE Wealth Hurun India Rich listers has reached INR 109 lakh crore, surpassing the combined GDP of Singapore, UAE, and Saudi Arabia. However, the average wealth of individuals on the list decreased by 9.3%, despite an 8.5% increase in cumulative wealth.

hurun india rich list 2023

The report also highlights the addition of 38 new billionaires in India, bringing the total to 259. The Industrial Products and Metals & Mining segments welcomed the highest number of new entrants, while the Pharmaceuticals sector maintained its lead with 133 new additions.

The Hurun India Rich List 2023 reflects the dynamic and diverse economic landscape of India, underlining the significant impact of the country’s startup revolution. It showcases the entrepreneurial spirit of 64% of individuals on the list who are self-made.

hurun india rich list 2023

Anas Rahman Junaid, MD, and Chief Researcher at Hurun India, emphasized India’s resilience in the global economy, with 278 new faces and 38 new billionaires added to the list despite the challenges faced in the past year. The report also anticipates rapid wealth growth in India as the global economy stabilizes.

The list signifies India’s wealth creation story, with a majority of the individuals (66%) being self-made, signifying a substantial increase from 54% five years ago. The 360 ONE Wealth Hurun India Rich List also highlights that nearly 60% of the list is positioned for intergenerational wealth transfer within the next decade. India’s tradition of nurturing esteemed family business dynasties, including Tata and Birla, continues to thrive.

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