New Delhi:
Gopichand Hinduja and family are the richest Non-Resident Indians (NRIs) according to the 2024 Hurun India rich list. There are 102 NRIs in this year’s list, of which 72% are self-made, the list showed.

Here are the top 10 richest NRIs in the list:

New Delhi:

India’s financial capital Mumbai has emerged as the “billionaire capital of Asia,” having more billionaires than Beijing, the capital of China, according to the 2024 Hurun India Rich List.

Mumbai saw an increase of 58 billionaire individuals, taking its total to 386 on the list.

“Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,” the Hurun list data stated.

Among the top cities of residence of Hurun India Rich Listers 2024, Mumbai is followed by Delhi, which has added 18 new billionaires, taking its rich list entries to 217.

Meanwhile, Hyderabad took a significant leap and surpassed Bengaluru, for the first time, to take the third position in the number of wealthy residents, The Economic Times reported.

A surge of 17 new billionaires took the total number in Hyderabad to 104, followed by Bengaluru at the fourth position with 100 wealthy individuals.

Among other cities in the top 10 are Chennai (82), Kolkata (69), Ahmedabad (67), Pune (53), Surat (28) and Gurugram (23).

‘Asia’s billionaire epicentre’

In March this year, the Hurun Global Rich List 2024 noted that Mumbai has surpassed Beijing to emerge as “Asia’s billionaire epicentre”.

As per the list, Mumbai is home to 92 billionaires, edging past Beijing’s count of 91. Notably, India’s financial capital added 26 new ultra-rich individuals having a total wealth of $445 billion to the club, while China’s capital city lost 18.

“Mumbai was the fastest-growing billionaire capital in the world, adding 26 in the year and taking it to third in the world and Asia’s billionaire capital. New Delhi broke into the Top 10 for the first time,” the earlier report stated.

Now, Mumbai is in third position globally in terms of billionaires, behind New York (119) and London (97).

Combination image of Mukesh Ambani and Gautam Adani. File
| Photo Credit: ANI

Recouping the dent caused by the Hindenburg Research report, Gautam Adani’s networth shot up 95% to ₹11.6 lakh crore last year, which helped him replace Mukesh Ambani to become the richest Indian, a report said on Thursday.

Reliance Industries Chairman and Managing Director Mr. Ambani’s overall networth increased by 25% to ₹10.14 lakh crore, as per the 2024 Hurun India Rich List.

In 2023’s report, Mr. Adani’s wealth declined by 57% to ₹4.74 lakh crore, and Mr. Ambani was way ahead with a fortune of ₹8.08 lakh crore.

It can be noted that Mr. Adani’s net worth declined sharply following various allegations levelled by U.S.-based short seller Hindenburg Research. The conglomerate has denied all the allegations.

In the 2014 edition, Hurun had pegged Mr. Adani’s fortunes at ₹44,000 crore, which made him the tenth richest Indian then.

Shiv Nadar and family of HCL gained one spot to be the third richest with a networth of ₹3.14 lakh crore, while Serum Institute of India’s Cyrus Poonawalla slipped by one notch to the fourth position with a net worth of ₹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 ₹2.50 lakh crore.

Radha Vembu of Zoho was the wealthiest among self-made women with a fortune of ₹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 ₹3,600 crore and ₹4,300 crore, respectively.

46% jump in cumulative wealth

The list, which captures Indians having a net worth of over ₹1,000 crore, grew by 220 individuals to 1,539 people in 2024. The cumulative wealth has seen a 46% jump in the year.

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

Interestingly, 16 professionals also made it to the list with Arista Networks’ chief executive Jayshree Ullal being the wealthiest at ₹32,100 crore and followed by D-mart chief executive Ignatius Navil Noronha at ₹6,900 crore, according to the list.

Gera Developments’ Kumar Pritamdas Gera’s wealth grew the fastest at 566% in the 2024 list, while Mr. Ambani and Mr. Adani had the biggest growth by quantum, the list said.