1. Flipkart’s Sachin and Binny Bansal no longer billionaires; Patanjali’s Balakrishna at 28th spot with $3.6 billion: Hurun Report

Flipkart’s Sachin and Binny Bansal no longer billionaires; Patanjali’s Balakrishna at 28th spot with $3.6 billion: Hurun Report

Hurun Global Rich — Indian billionaires report which was released yesterday said that since demonetisation, India has lost 11 billionaires and Flipkart founders Sachin and Binny Bansal, who earned dollar billionaire status last year are among the 11 who are out of the list.

By: | Updated: March 8, 2017 12:56 PM
Of the 27 entrants, Acharya Balakrishna of Patanjali Ayurved leads the pack with wealth of .6 billion. Patym founder Vijay Shekhar Sharma is also part of the list with .5 billion.

Hurun Global Rich — Indian billionaires report which was released yesterday said that since demonetisation, India has lost 11 billionaires and Flipkart founders Sachin and Binny Bansal, who earned dollar billionaire status last year are among the 11 who are out of the list. Apart from the Bansals, Gautam Thapar of Crompton Greaves, Nilima Motaparti of Divi’s Labs, Prathap C Reddy & family of Apollo Hospitals, and Nandan Nilekani are others. Not just this, this year 27 billionaires have been have been added to the list. Of the 27 entrants, Acharya Balakrishna of Patanjali Ayurved leads the pack with wealth of $3.6 billion. Patym founder Vijay Shekhar Sharma is also part of the list with $1.5 billion.

“India had a tough year because of disruptive government policies such as demonetisation drive. However, on a long term perspective, we do believe that such transparent currency economics will have a positive impact for the entrepreneurs,” Hurun Report India Managing Director and Chief Researcher Anas Rahman Junaid said.

The country now has 132 billionaires with a net worth of $1 billion or more and the cumulative wealth of the ultra-rich people stood at $392 billion, according to Hurun Global Rich List India. In the list of top 10 richest people Ambani is followed by the SP Hinduja & family, at the second position with a net worth of $14 billion, followed by Dilip Shanghvi, at the 3rd position with a wealth of $14 billion.

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Others in the top 10 billionaires include, Pallonji Mistry at the fourth place at $12 billion, Lakshmi N Mittal (5th, $12 billion), Shiv Nadar (6th, $12 billion), Cyrus Poonawalla (7th, $11 billion), Azim Premji (8th, $9.7 billion), Uday Kotak (9th, $7.2 billion) and David Reuben and Simon Reuben at the 10th place with $6.7 billion.

Among cities, Mumbai is the capital for India’s super-rich as the city is home to 42 billionaires, followed by Delhi (21) and Ahmedabad (9). In terms of billionaire spread state wise, Maharashtra topped the list with 51 billionaires, followed by Delhi 22, Gujarat (10) and Karnataka (9).

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