Gautam Adani Overtakes Mukesh Ambani as India’s Richest Person

Gautam Adani Overtakes Mukesh Ambani as India’s Richest Person

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Author: Hriday Verma

Published: August 29, 2024

Gautam Adani and his family are now at the top of the 2024 Hurun India Rich List. This changes how wealth is shared in a big way. Adani, who is worth 156 billion rupees, or 116,000 crore, has knocked Mukesh Ambani out of first place after a long time in charge.

India’s Billionaire Boom

The study says that India had a huge increase in billionaires last year, with a new one being made every five days. This rise is very different from China, where the number of billionaires dropped by 25%. With a record 334 billionaires, India has become Asia’s wealth growth engine. The number of billionaires has grown by 29%.

The Adani Group run by Gautam Adani is 62 years old

It is a company that works in many areas, including ports, power, and infrastructure. His family’s wealth has grown by 95% in the last year, making them the richest people in India. Adani got to this important point in history by making smart business choices and investing wisely.

Mukesh Ambani’s Second Place

President of Reliance Industries Mukesh Ambani, who has a wealth of ₹1,014,700 crore (about $136 billion), is now in second place. What a shame Ambani lost the top spot. He is still a major player in India’s business world.

Other Notable Rankings

Youngest Billionaire – Kaivalya Vohra, co-founder of Zepto

Youngest on India's rich list for 2024

The 2024 Hurun India rich list also features 21-year-old Kaivalya Vohra, co-founder of Zepto, a $5 billion quick commerce startup. His inclusion underscores the dynamism and youthfulness of India’s entrepreneurial ecosystem.

For the first time, Shah Rukh Khan makes an appearance on the list

His rising stakes in the IPL team Kolkata Knight Riders contributed to his entry. The entertainment industry added ₹40,500 crores to the wealth pool. Seven new entrants joined.

Gautam Adani’s quick rise and the growth of India’s billionaires highlight the economy’s strength. They also show that many people are eager to succeed. Things change, but the ground stays the same. There are new leaders who take over, and old giants who change with the times.

Updated Rankings in the 2025 Hurun India Rich List

In the 2025 Hurun India Rich List, Mukesh Ambani is back on top. He is now India’s richest person, with a net worth of ₹8.6 trillion. This marks a notable shift from the previous year, where Gautam Adani held the top spot. Adani’s wealth grew by 13% last year. Now, it stands at ₹8.4 trillion. This makes him the second richest person in India. Indian billionaires now have a combined wealth of ₹98 trillion. This makes up about one-third of the country’s GDP.

These changes show how wealth in India grows and shifts. It is affected by market ups and downs, along with new business developments.

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