THESE 25 new Indian faces on Forbes world’s billionaires list 2024! Check details here | Today News (2024)
Forbes unveiled its 2024 'World's Billionaires' list on Wednesday, revealing a notable surge in the number of Indian billionaires.
According to the list, 25 Indians made their debut on the list this year.
Moreover, the roster now boasts 200 Indian individuals, a significant rise from the 169 counted last year. Collectively, these Indian billionaires have amassed an impressive $954 billion, reflecting a remarkable 41% surge from the previous year's total wealth of $675 billion held by 169 billionaires.
Find below the list:
Renuka Jagtiani, with a net worth of $4.8 billion, serves as both the chairperson and CEO of Landmark Group, a multinational consumer conglomerate headquartered in Dubai.
Naresh Trehan, the founder and chairman of the Medanta hospital chain, boasts a net worth of $1.4 billion.
Onkar Kanwar, with a net worth also amounting to $1.4 billion, holds the position of chairman at Apollo Tyres, a company specializing in the manufacturing of tires for various vehicles including cars, trucks, farm vehicles, and two-wheelers.
Kabir Mulchandani, the proprietor of FIVE Holdings, a Dubai-based real estate firm known for its luxury party hotels and resorts across the Middle East, Spain, and Switzerland, possesses a net worth of $2 billion.
Among the newcomers to the list are Ajay Jaisinghani, Anil Gupta, Ramesh Kunhikannan, Mahaveer Prasad Taparia, Vijay Agarwal, Girdhari Jaisinghani, Motilal Oswal, Kalpana Parekh, Lalit Khaitan, Nikhil Merchant, Pradeep Rathod, Shivratan Taparia, Irfan Razack, Shashishekar Pandit, Subbamma Jasti, Noaman Razack, Rezwan Razack, Shivratan Agarwal, Ramesh Jaisinghani, Alpana Dangi, and Naresh Jain.
These individuals represent a diverse range of industries and endeavors, contributing to the growing presence of Indian billionaires on the global stage.
Meanwhile, Mukesh Ambani, the chairman of Reliance Industries, solidified his position as India's wealthiest individual, boasting a staggering net worth of $116 billion. It is to be further noted that he became the first Asian to enter the esteemed $100-billion club and ranked ninth globally in terms of wealth.
Following closely, Gautam Adani secured the second position among Indian billionaires with a net worth of $84 billion. In the third spot was Shiv Nadar, with a net worth of $36.9 billion.
A record number of Indians, 200 in total, have made it to Forbes' 2024 World's Billionaires list. To probably no one's surprise, Mukesh Ambani tops the list, and it goes on to include eminent personalities like Gautam Adani, Savitri Jindal and Shiv Nadar.
Elon Musk is now the richest person and man in the world. He is the CEO of several prominent companies, including electric car manufacturer Tesla and space exploration company SpaceX. He currently possesses a 12.86 percent stake in Tesla.
High-net-worth individuals (HNIs) are wealthy individuals occupying financially privileged positions in society. In India, HNIs are those with investable assets of over Rs.5 crore. HNIs need to invest and must have a long-term vision.
The United States boasts the largest number of billionaires, totalling 813, up from 735 last year. Their combined wealth has soared to $5.7 trillion, an increase from $4.5 trillion.
According to a 2021 billionaire census, women make up 11.9% of the billionaire cohort, and "just over half of all female billionaires are heiresses, with an additional 30% having a combination of inherited and created wealth." In the overall female billionaire cohort, 16.9% of billionaires are "self-made" and 53.5% ...
The 2024 Hurun India Rich List has revealed the youngest billionaires in India under 40, including Harshil Mathur and Shashank Kumar, founders of RazorPay who topped the list. Zepto Kaivalya Vohra's CEO and co-founder, Adit Palicha, become the youngest entrant to enter the list at the age of 21.
As of 2024, there are 756 billionaires living in 43 of the 50 US states or Washington, D.C. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.
While these are the new faces on the list, the top 5 from India are none other than Mukesh Ambani with $116 bn, Gautam Adani with $84 bn, Shiv Nadar with $36.9 bn, Savitri Jindal and family $33.5 bn and Dilip Shanghvi with $26.7 bn.
Gujarat proudly stands as the 3rd largest contributor to India's GDP. Impressively, out of India's 169 billionaires, a surprising 145 are of Gujarati origin, accounting for about 86% of the billionaire club.
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