Rich List, India: 2024
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Hurun India Rich List 2024
Highlights
August 30, 2024: The Times of India
➤ India’s dollar billionaire count reaches 334, up six-fold in the past 13 years, shows Hurun India Rich List 2024
➤ Gautam Adani (total wealth 11.6Lcr) overtakes Mukesh Ambani (10.1Lcr) as the richest person in India
➤ Mumbai pips Beijing as Asia’s billionaire capital. Home to 25% of India’s billionair es. Tops India rich ( 1,000cr+) list
➤ New Delhi second. Hyderabad, with 17 new entrants, ranks third on rich list, surpassing Bengaluru
➤ 16 professional managers listed; Jayshree Ullal of Arista Networks richest (32,100cr)
➤ Ignatius Navil Noronha of Avenue Supermarts richest CEO in India with 6,900cr
➤ Shah Rukh Khan (58) debuts on rich list with 7,300cr from Kolkata Knight Riders and Red Chillies Entertainment. Other film entrants: Juhi Chawla, Hrithik Roshan, Karan Johar, and Amitabh Bachchan
➤ Real estate adds 42 new faces; industrial products 40, chemicals & petro-chemicals 17
YOUNG GUNS ON THE LIST
➤ Kaivalya Vohra, 21, of Zepto is the youngest entrant on the rich list; co-founder Aadit Palicha, 22, is second youngest.
Billionaires
August 30, 2024: The Times of India
From: August 30, 2024: The Times of India
Mumbai : India’s billionaire count crossed the triple century mark, with 334 billionaires compared to 259 in 2023 and 109 in 2014. This year’s Hurun Rich List includes 1,539 individuals with a net worth of Rs 1,000 crore or more — an increase of 220 from last year, and with 272 new entrants. The wealth calculations are a snapshot as of July 31, 2024.
Gautam Adani has overtaken Mukesh Ambani as the richest person in India, according to the 2024 Hurun India Rich List. Adani, 62, with a wealth of Rs 11.6 lakh crore, saw his fortune grow 95% and thus, propelling him to the top spot. Ambani, 67, slid to the se- cond position with a wealth of Rs 10.1 lakh crore. Both billionaires added the most to their wealth in absolute terms.
“Rising like a phoenix after the Hindenburg allegations, Gautam Adani (62) & family have secured the top spot in this year’s rankings, with a 95% increase in wealth compared to last year. Adani has recorded the highest wealth growth within the top 10 over the past five years, adding Rs 10.2 lakh crore, despi- te the challenges following the report,” said Anas Rahman Junaid, founder and chief researcher, Hurun India.
The total wealth of those on the list has grown to Rs 159 lakh crore, surpassing the combined GDP of Saudi Arabia and Switzerland and accounting for more than half of India’s GDP. Among the new entrants is Shah Rukh Khan (58), who debuted on the list with a wealth of Rs 7,300 crore, largely driven by his stake in Kolkata Knight Riders and Red Chillies Entertainment. Other notable figures from the film industry joining the list include Juhi Chawla, Hrithik Roshan, Karan Johar, and Amitabh Bachchan.
The highest taxpayers
Cherry Gupta, Sep 9, 2024: The Indian Express
Highest tax paying Indian celebrities 2024: In a notable miss, Indian actor Akshay Kumar, awarded the "Samman Patra" by the Income Tax Department in 2022 for being the highest taxpayer, is absent from this year's list.
Top 10 highest tax-paying Bollywood celebs 2024: With the tax season over, a recent report has highlighted India’s wealthiest celebrities for 2024, not only in terms of their earnings but also in their significant contributions to the nation’s revenue through advanced income tax for FY 23-24.
Leading this year’s list is actor Shah Rukh Khan, known as ‘the King of Bollywood’, who has overtaken Akshay Kumar, the highest taxpayer in FY 2024, with Khan’s contribution to an impressive ₹92 crore.
Following him is Tamil superstar Thalapathy Vijay at ₹80 crore, Salman Khan at ₹75 crore, and Amitabh Bachchan with ₹71 crore.
Other notable actor contributors are Ajay Devgan, Ranbir Kapoor, Hrithik Roshan, Shahid Kapoor, Pankaj Tripathi, and more.
Notably, actress Kareen Kapoor Khan contributed to ₹20 crore, and Katrina Kaif paid ₹11 crore, advance tax in FY 24, making them the wealthiest Bollywood Indian actresses, in terms of tax contributions.
In the realm of sports, Indian cricketer Virat Kohli stands out as the highest taxpayer, contributing ₹66 crore, making him one of the wealthiest athletes in India, followed by the former Indian cricket captain MS Dhoni, who made his mark on the tax list with a contribution of₹38 crore.
Veteran players Sachin Tendulkar and Saurav Ganguly are also featured on the list, along with current players like Hardik Pandya and Rishabh Pant.
It’s also noteworthy that the Indian comedian Kapil Sharma is one of the top television sensations on the list, paying an advanced tax worth Rs 26 crore for FY 2024.
The 10 highest tax-paying celebrities in India for FY 2024, as reported by Fortune India:
However, in a notable miss, Indian actor Akshay Kumar, awarded the “Samman Patra” by the Income Tax Department in 2022 for being the highest taxpayer, is absent from this year’s list.
Here are the top 10 highest tax-paying celebrities in FY 2024:
| Rank | Name | Total Tax Paid (INR, Crore) |
|---|---|---|
| 1 | Shah Rukh Khan | ₹92 crore |
| 2 | Thalapathy Vijay | ₹80 crore |
| 3 | Salman Khan | ₹75 crore |
| 4 | Amitabh Bachchan | ₹71 crore |
| 5 | Virat Kohli | ₹66 crore |
| 6 | Ajay Devgn | ₹42 crore |
| 7 | MS Dhoni | ₹38 crore |
| 8 | Ranbir Kapoor | ₹36 crore |
| 9 | Sachin Tendulkar | ₹28 crore |
| 10 | Hrithik Roshan | ₹28 crore |
Source: Fortune India
Here are other notable entries in the list:
| Rank | Name | Total Tax Paid (INR, Crore) |
|---|---|---|
| 11 | Kapil Sharma | ₹26 crore |
| 12 | Sourav Ganguly | ₹23 crore |
| 13 | Kareena Kapoor | ₹20 crore |
| 14 | Shahid Kapoor | ₹14 crore |
| 15 | Mohanlal | ₹14 crore |
| 16 | Allu Arjun | ₹14 crore |
| 17 | Hardik Pandya | ₹13 crore |
| 18 | Kiara Advani | ₹12 crore |
| 19 | Katrina Kaif | ₹11 crore |
| 20 | Pankaj Tripathi | ₹11 crore |
| 21 | Aamir Khan | ₹10 crore |
| 22 | Rishabh Pant | ₹10 crore |
Source: Fortune India
Forbes’
'Forbes 30 Under 30 Asia': Enterprise technology
May 19, 2024: The Times of India
Forbes unveiled the ninth edition of its 30 Under 30 Asia list. This list highlights young entrepreneurs and leaders under 30 from the Asia-Pacific region across ten categories. These categories include art, entertainment, sports, finance and venture capital, marketing and advertising, retail and e-commerce, enterprise technology, industry, manufacturing and energy, healthcare and science, social impact and consumer technology.
Among the honorees, a group of Indian entrepreneurs have made the list in the Enterprise Technology category. Here is a list of Indian leaders and CEOs who made it to the list in the enterprise technology category:
Kunal Aggarwal, founder of Credflow India
Kunal Aggarwal founded Credflow, a venture focused on developing cashflow management software, in 2019. The platform helps small and medium-sized enterprises analyze business data, automate payment reminders and extend credit lines based on cashflow strength. With around $9 million in total funding from investors like Stellaris Venture Partners and Omidyar Network India, Credflow is expected to grow further.
Mukul Anand, co-founder of Rehook.ai India
Mukul Anand co-founded Rehook.ai, a Bangalore-based startup leveraging AI for personalized customer promotion campaigns, in 2021. The platform provides data analytics and customized discounts and secured nearly $2 million in pre-seed funding in 2022 from investors like Beenext and Y Combinator.
Gaurav Piyush, Mayank Varshney and Yash Sharma, co-founders of BlitzIndia
Founded in 2020, Blitz, originally known as Grow Simplee, improved logistics with same- or next-day delivery services. The Gurugram-based startup raised $3 million in seed funding last year, led by IndiaQuotient, to expand its network of warehouses and fulfilment centers.
Archit Chauhan, Shaifali Jain, and Sunny Garg, co-founders of CribIndia:
Founded in 2021, Crib is a property management software company that uses cloud-based technology (SaaS) to streamline tasks for landlords. This includes managing rental properties and simplifying rent collection. The startup has attracted investment totalling $2.7 million, with $1.8 million coming from an initial round of funding. Investors like Rebright Partners are backing the company. Crib helps connect landlords with tenants efficiently, making the rental process smoother for both parties.
Aditya Dadia, founder of AlwriteIndia
Established in 2022, Aditya Dadia's Alwrite offers digital solutions for India's insurance sector. The company uses machine learning for cost-benefit analysis, risk evaluation and product development, Alwrite has secured over $1 million in angel funding, including support from Pidilite Industries's executive vice chairman Apurva Parekh.
Aryan Sharma and Ayush Pathak, co-founders of InducedIndia
Aryan Sharma and Ayush Pathak founded Induced in 2023 to educate robots to perform monotonous back-office work. With $2.3 million in financing and backing from OpenAI CEO Sam Altman, Induced seeks to improve the process automation sector.
Aditi Sinha and Rishabh Jain, co-founders of Locale.ai India
Established in 2019, Locale.ai streamlines workflow management by integrating data from multiple platforms. Backed by investors including Better Capital and Chiratae Ventures, Locale.ai's software alerts teams about problems like low inventory levels and has already raised $5 million in funding.
Harshit Mittal, co-founder of Supplynote India
Harshit Mittal leads Supplynote, which provides management software for the Indian restaurant business. This startup grew from a dorm room initiative to a comprehensive platform managing online orders and inventories with $5 million in capital and is supported by investors such as Artesian and Venture Catalysts.
Esha Manideep Dinne and Varun Vummadi, co-founders of GigaMLIndia
GigaML, which was established in 2023, offers a platform to help businesses build massive language models. The startup has received $3.6 million in seed funding and works with investors such as Y Combinator and Nexus Venture Partners to improve pre-existing models for certain use cases.
Ankit Bansal, Ishan Rakshit and Priy Ranjan, co-founders of ShopfloIndia
Shopflo is an Indian e-commerce company that was founded in 2021 and specialises in checkout software for smaller firms. Shopflo offers specialised interfaces and marketing efforts and is backed by investors like Better Capital, Tiger Global and TQ Ventures. The startup has also received a $3.7 million funding.
Smarthveer Sidana, founder of HireQuotientIndia
HireQuotient, a Singapore-based firm that is transforming HR with AI-driven candidate filtering and customised interview processes, is led by Smarthveer Sidana. Peer Capital founder Rohit M A and Flipkart founder Binny Bansal are among the industry experts who support HireQuotient, which has also raised close to $3 million in funding.
See also…
Rich List: India <> Rich List: India, 2014: Forbes <>Rich List: India, 2014: Hurun <>Rich List: India, 2015: Forbes <> Rich List: India, 2015: Hurun <>Rich list, India: 2016 <> Rich List: India, 2016: Forbes <> Rich List: India, 2017 <> Rich List: India, 2017: Hurun<> Rich list, India: 2018<> Rich list, India: 2019<> Rich List, India: 2020<> Rich List, India: 2021
Rich list of film artistes: India
…and also
Rich List: Nepal<> Celebrity List: India<> Indian money in HSBC, Switzerland <> Private lives of famous Indians
