Forbes has recently unveiled its prestigious ‘World’s Billionaires’ list for 2024, showcasing a notable surge in the representation of Indian billionaires. This year’s list welcomes a total of 25 newcomers from India, marking a significant addition to the global roster of affluent individuals.
The latest iteration of the list reveals a remarkable milestone for India, with the total count of Indian billionaires now standing at 200, a substantial increase from the 169 individuals featured last year. Together, these Indian billionaires command an impressive collective wealth of $954 billion, marking a remarkable 41% surge from the previous year’s total wealth of $675 billion held by 169 billionaires.
Here are the noteworthy newcomers:
Renuka Jagtiani:
With a net worth of $4.8 billion, she serves as both the chairperson and CEO of Landmark Group, a multinational consumer conglomerate headquartered in Dubai.
Naresh Trehan:
Founder and chairman of the Medanta hospital chain, boasting a net worth of $1.4 billion.
Onkar Kanwar:
Chairman at Apollo Tyres, with a net worth also amounting to $1.4 billion, specializing in tire manufacturing for various vehicles.
Kabir Mulchandani:
Proprietor of FIVE Holdings, a Dubai-based real estate firm known for luxury party hotels and resorts across the Middle East, Spain, and Switzerland, with a net worth of $2 billion.
Lalit Khaitan:
At 80 years old, Lalit Khaitan has attained membership in the prestigious three-comma club. As reported by Forbes, the chairman of Radico Khaitan, headquartered in Delhi, has emerged as India’s freshest billionaire, propelled by a remarkable surge of over 50% in the shares of his publicly traded company this year. With his substantial 40% stake in the enterprise, Khaitan’s estimated net worth now stands at $1 billion.
Ajay Jaisinghani:
Ajay Jaisinghani from Polycab India has secured a position on the list, boasting an approximate net worth of $1.6 billion. Additionally, Ramesh Jaisinghani, also affiliated with Polycab India, joins the ranks with a comparable net worth of $1.6 billion.
Anil Rai Gupta:
Anil Rai Gupta, the Chairman and Managing Director of Havells India, is also featured on the Forbes World’s Billionaires List 2024. With a net worth of $1.4 billion, he holds a prominent position among the global elite.
Ramesh Kunhikannan:
Ramesh Kunhikannan, the ex-managing director of Kaynes Tech India, has secured a place on the prestigious Forbes World’s Billionaires List. His estimated net worth stands at around $1.4 billion.
Joining these illustrious individuals are Mahaveer Prasad Taparia, Vijay Agarwal, Girdhari Jaisinghani, Motilal Oswal, Kalpana Parekh, 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 spectrum of industries and endeavors, further bolstering India’s presence on the global stage of wealth and influence.
Mukesh Ambani, chairman of Reliance Industries, continues to reign as India’s wealthiest individual, with a staggering net worth of $116 billion, solidifying his position as a global titan. Notably, Ambani has also become the first Asian to enter the esteemed $100-billion club, ranking ninth globally in terms of wealth. Following closely are Gautam Adani, securing the second position among Indian billionaires with a net worth of $84 billion, and Shiv Nadar, occupying the third spot with a net worth of $36.9 billion.
