1,007 people in India have Rs 1,000 crore. Key takeaways from Hurun India rich list
Hurun India's latest rich list for the year 2021 shows India has achieved the milestone of having over 1,007 individuals across 119 cities with a net worth of Rs 1,000 crore. The biggest gainer was Gautam Adani & family who earned Rs 1,002 crore a day in the last one year to quadruple their wealth to Rs 5,05,900 crore. They have now jumped to the second spot in the list. Among the other gainers, popular edtech startup founder Byju Ravindran, of Byju’s fame, has now become richer than Big Bull Rakesh Jhunjhunwala
Here are the key findings of the report:
Hurun India finds 1,007 individuals with INR 1,000 cr, up by 179; first time to break through the 1,000 mark
Over the last decade, Hurun India Rich listers cumulatively added INR 2020 cr per day – the fastest wealth creation in Indian history.
With INR 7,18,000 cr, Mukesh Ambani, is the richest Indian for the 10th year running.
For the first time, both Adani brothers feature in top 10. With Rs 5,05,900 cr, is in the second spot, while his Dubai-based sibling Vinod Shantilal Adani is the 8th spot with his wealth tripling to Rs 1,31,600 cr. Gautam Adani is now the second richest Asian after Ambani, overtaking China's number one, bottled water producer Zhong Shanshan.
Four new faces in India top ten, led by steel magnates Lakshmi Mittal, of Arcelormittal and Kumar Mangalam Birla, of Aditya Birla Group, on the back of a resurgence in the global economy.
Jay Chaudhry, of California-based enterprise cloud cyber security firm Zscaler, is in the India top 10 for first time, on the back of accentuated demand for cyber security services caused by a series of ransomware attacks on US institutions.
3 individuals worth INR 1 lakh cr or more, up from five on last year’s list.
237 dollar billionaires, up 58 as compared to last year, and 4 times since Hurun India started ten years ago.
With 40 entrepreneurs, pharmaceuticals sector minted the most number of dollar billionaires followed by chemicals & petrochemicals (27) and software & services with 22.
894 increased their wealth, of which 229 are new faces.
113 saw their wealth go down. 51 dropouts, of which 6 passed away.
A record 659 entrepreneurs or 66% are self-made, up from 530 last year, and up from 54% five years ago. 74% of new faces this year are self-made.
Third-generation inheritor of Godrej, Smita V Crishna, is India’s richest woman, whilst ‘biotech queen’ Kiran Mazumdar-Shaw, is the richest self-made Indian woman
Co-founder of Confluent, a streaming data technology company, Neha Narkhede aged 36 is youngest self-made woman entrepreneur in India.
With 255 individuals, Mumbai tops the list followed by New Delhi (167) and Bengaluru (85); Mumbai added 52. Chennai overtook Ahmedabad at 5th place.
14 professional managers made the list. With INR 12,500 cr, California-based Thomas Kurian, who encashed his stake in Oracle, is the richest with INR 5,800 cr. Ignatius Navil Noronha, 46, of Avenue Supermarts is the richest CEO based in India.
Dropouts of the decade: Those who have dropped out include Anil Ambani (ADAG), Vijay Mallya (Kingfisher), Venugopal Dhoot (Videocon), Rana Kapoor (Yes Bank), Nirav Modi (Firestar Diamonds), Mehul Choksi (Geetanjali), and Malvinder and Shivinder Singh (Ranbaxy).
With an increase of 293%, Jayant Shamji Chheda & family of Prince Pipes & Fittings are the biggest gainer this year, followed by Yadu Hari Dalmia & family (286%) of Dalmia Bharat, cement manufacturer and Rajinder Gupta (272%) of Trident, a textile manufacturer.
46 founders of 26 unicorns made it to the IIFL Wealth Hurun India Rich list 2021.
13 people born in the 90's made the list, all self-made. New Delhi-based Shashvat Nakrani, 23, of payment app BharatPe is the youngest self-made individual.
229 new faces, with a total of Rs 5,61,200 cr, of which chemicals is the fastest growing industry, adding 42 new faces.
116 saw their wealth double, led by 11 from textiles and 8 each from mining and healthcare.
With 10 million followers onTwitter, Ratan Tata is the most followed entrepreneur from IIFL Wealth Hurun India Rich list on Indian social media, followed by Anand Mahindra with 8.5 million followers.