The 2024 Hurun India Rich List has been announced, revealing the latest standings of India's wealthiest individuals. In a surprising turn of events, Gautam Adani and family have dethroned Mukesh Ambani, who has held the top spot for years. The report also highlights a significant increase in the number of billionaires in India, showcasing the growing wealth and economic power in the country.
Gautam Adani Overtakes Mukesh Ambani as India's Richest Man
In a historic shift, Gautam Adani and his family have become the richest individuals in India, dethroning long-time incumbent Mukesh Ambani. The 2024 Hurun India Rich List, released on February 12th, 2024, revealed this surprising development.
Background
Mukesh Ambani, chairman of Reliance Industries, has held the title of India's richest man for years. However, Gautam Adani, the founder and chairman of the Adani Group, has rapidly ascended the ranks in recent times. His conglomerate has a presence in diverse sectors, including ports, power generation, and renewable energy.
Adani's Rise to Prominence
Adani's wealth has soared in the past year, driven by the strong performance of his businesses. The Adani Group's stock prices have surged significantly, contributing to his net worth reaching $96.6 billion, as per the Hurun India Rich List.
Mukesh Ambani's Relegation
While Mukesh Ambani remains a wealthy individual with a net worth of $85 billion, he has been surpassed by Adani. Factors such as headwinds in the telecom sector and fluctuations in global energy prices have contributed to the decline in his wealth.
Wealth Growth in India
The Hurun India Rich List also highlights the growing wealth and economic power in the country. The number of billionaires in India has increased from 131 in 2023 to 155 in 2024. The combined wealth of these individuals now stands at a staggering $719 billion.
Top 5 FAQs
1. Who is Gautam Adani?
Gautam Adani is an Indian industrialist and the founder and chairman of the Adani Group, a conglomerate with interests in various sectors, including ports, power generation, and renewable energy.
2. How did Adani become richer than Ambani?
Adani's wealth has surged in recent years due to the strong performance of his businesses, particularly in the ports and energy sectors.
3. What is the significance of Adanidethroning Ambani?
This is a significant shift in the landscape of wealth in India, as Ambani has held the top spot for many years.
4. How many billionaires are there in India now?
The 2024 Hurun India Rich List reveals that there are currently 155 billionaires in India, up from 131 in 2023.
5. What is the combined wealth of the top 10 richest people in India?
The combined wealth of the top 10 richest people in India is estimated to be around $350 billion, representing a significant concentration of wealth in the country.
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