Top 10 Richest Families on the Hurun India Rich List 2024
India continues to be a powerhouse of wealth, with the 2024 Hurun India Rich List revealing an impressive total of 334 billionaires, marking a significant increase from last year. The list is a testament to the thriving sectors of Real Estate and Industrial Products, which have added the most new entrants. Notably, Industrial Products lead the list with 142 contributors. Below, we take a closer look at the top 10 wealthiest families in India who have made their mark on this prestigious list.
1. Gautam Adani and Family
Gautam Adani’s family has topped the Hurun India Rich List 2024 with a staggering wealth of ₹11.6 lakh crore. Their wealth saw a remarkable 95% increase, bouncing back strongly after the challenges posed by the Hindenburg report. This marks a significant milestone for the Adani family, securing their position as the wealthiest in India.
2. Mukesh Ambani and Family
Holding the second spot, Mukesh Ambani and his family boast a wealth of ₹10.14 lakh crore. Over the last five years, their wealth has surged by 150%, making Ambani the second-richest individual in Asia. The family continues to dominate the Indian business landscape with their diversified interests.
3. Shiv Nadar and Family
With a wealth of ₹3.14 lakh crore, Shiv Nadar and his family, founders of HCL Technologies, secure the third position. Their consistent performance in the tech industry underscores their significant contributions to India’s IT sector.
4. Cyrus S Poonawalla and Family
Cyrus S Poonawalla, the force behind Serum Institute of India, ranks fourth on the list. The Poonawalla family’s wealth has multiplied 3.1 times since 2020, reaching ₹2.94 lakh crore. Their success is largely driven by the global demand for vaccines, including those for COVID-19, Polio, and Hepatitis B.
5. Kumar Mangalam Birla and Family
Kumar Mangalam Birla and his family hold the fifth spot with a wealth of ₹2.75 lakh crore. Over the past five years, their wealth has increased nearly sevenfold, reflecting the group’s strong performance across various industries.
6. Gopichand Hinduja and Family
The Hinduja family, with a wealth of ₹1.92 lakh crore, maintains their sixth position on the list. Despite the global economic challenges, they saw a 9% increase in wealth, showcasing the resilience of their diversified business empire.
7. Radhakishan Damani and Family
Radhakishan Damani, known for his retail empire DMart, and his family hold the seventh position with a wealth of ₹1.90 lakh crore. Their fortune has doubled over the past five years, driven by the expansion of DMart, which now operates over 330 stores across India.
8. Azim Premji and Family
With a wealth of ₹1.90 lakh crore, Azim Premji and his family are ranked eighth. Despite a decline in Wipro’s share price over recent years, the company has shown signs of recovery, particularly in North American markets, contributing to a 27% increase in wealth during the review period.
9. Niraj Bajaj and Family
Niraj Bajaj and his family have climbed to the ninth spot with a wealth of ₹1.62 lakh crore. Their wealth increased by 35%, driven by the strong performance of Bajaj Group’s various ventures.
10. Sunil Suresh and Family
A new entrant on the Hurun India Rich List, Sunil Suresh and his family, have amassed a wealth of ₹2,200 crore. Their journey from crafting car seats in a garage to building a luxury furniture brand is an inspiring story. Stanley Lifestyles, their company, has now gone public, marking a significant milestone in their growth.
These top 10 families on the 2024 Hurun India Rich List are not just the wealthiest in the country but also significant contributors to India’s economic landscape. Their success stories reflect resilience, innovation, and strategic growth across various industries, making them powerful influencers in the global business arena.