MUMBAI: The latest Hurun Rich List for 2024 has unveiled some fascinating dynamics in India’s wealth landscape, prominently featuring Bollywood superstar Shah Rukh Khan. With a net worth of ₹7,300 crore, Khan’s financial prowess is underscored by his stakes in the IPL franchise Kolkata Knight Riders and his production company, Red Chillies Entertainment.
India has solidified its position as a wealth creation powerhouse in Asia, boasting an impressive 334 dollar billionaires—an increase of 29% year-on-year. In fact, the nation adds a new billionaire every five days, a testament to its growing economic might. Hyderabad has surged to third place in terms of new entrants, outpacing Bengaluru, while Mumbai and New Delhi remain the top two cities for fresh additions to the billionaire roster.
The Hurun report highlights that there are now 1,539 individuals in India with wealth exceeding ₹1,000 crore, marking an increase of 272 names. Among the youngest billionaires are Razorpay founders Harshil Mathur and Shashank Kumar, both 33, while the youngest newcomer is just 21-year-old Kaivalya Vohra of Zepto.
Anas Rahman Junaid, founder and chief researcher of Hurun India, noted, “While China has experienced a 25% drop in its number of billionaires, India is thriving, showcasing a remarkable 29% growth.”
At the top of the 2024 rich list is Gautam Adani and his family, who have seen a staggering 95% increase in wealth, now standing at ₹1,161,800 crore. This resurgence follows a significant drop in value earlier this year due to allegations from Hindenburg Research, but Adani has bounced back, recording the highest wealth growth among the top 10 over the past five years.
As India continues to pave its path in the global wealth arena, the rise of figures like Shah Rukh Khan and Gautam Adani signals a promising future for the country’s economic landscape.