M3M and Hurun India have released the M3M Hurun India Rich List 2025, their 14th edition, featuring the richest Indians across the world. This year, 1,687 individuals across 91 cities made it to the list with wealth above ₹1,000 crore. Out of them, 1,004 saw their wealth rise or stay the same, including 284 new faces, while 643 saw a drop. India now has 358 billionaires, up 24 from last year, with Pharmaceuticals leading the list with 137 entries.
Richest NRIs: America leads with top tech names
The rich list features 1,586 individuals residing in India, followed by 48 in the USA and 22 in the UAE. The UK has 16. Smaller hubs like Cyprus and Singapore have (3 each), Canada and China (2 each), with 5 spread across other countries.
Leading NRIs globally
The overseas rich list is led by:
Gopichand Hinduja & family – ₹1,85,310 Cr (London)
L.N. Mittal & family – ₹1,75,390 Cr (London)
Jay Chaudhry – ₹1,46,470 Cr (San Jose)
Anil Agarwal & family – ₹1,11,400 Cr (London)
Shapoor Pallonji Mistry & family – ₹88,650 Cr (Monaco)
Sri Prakash Lohia – ₹87,700 Cr (London)
Vivek Chaand Sehgal & family – ₹57,060 Cr (Melbourne)
Jayshree Ullal – ₹50,170 Cr (San Francisco)
Yusuff Ali MA – ₹46,300 Cr (Abu Dhabi)
Rakesh Gangwal & family – ₹42,790 Cr (Miami)
America: A growing hub for Indian entrepreneurs
Among Non-Resident Indians, the US has 48 wealthy Indians, making it the top hub for the diaspora after India. Tech, aviation, and finance sectors dominate. Entrepreneurs like Chaudhry, Ullal, and Gangwal are examples of the success of Indians building global empires.
Jay Chaudhry: Chaudhry is the founder of Zscaler in San Jose, and tops the US list with ₹1.46 lakh crore. He is also one of the few to see the biggest wealth jump in 2025 (₹ 57,867 Cr)
Jayshree Ullal: CEO of Arista Networks in San Francisco, is worth ₹50,170 crore, one of the most successful Indian-origin women in tech globally.
Rakesh Gangwal: Co-founder of IndiGo Airlines, resides in Miami with ₹42,790 crore, flaunting India’s reach in aviation.
Anas Rahman Junaid, Founder of Hurun India, said, “The cumulative wealth of India’s richest climbed to ₹167 lakh crore. Sectors like tech, industrial products, automobiles, infrastructure, jewellery, and real estate powered this growth. India now has 358 dollar-billionaires, almost half of the nation’s GDP. Notably, 66% of the list are self-made, and 74% of new entrants are first-generation entrepreneurs.”
The list also highlights the big shift to deep-tech and product-led growth. The youngest billionaire, Aravind Srinivas, 31, founder of Perplexity, made it by building a global AI platform. Zepto co-founders, Kaivalya Vohra, 22, and Aadit Palicha, 23, also made headlines for rapid wealth creation.
Mumbai remains the billionaire capital with 451 entries, followed by Bengaluru (116), Hyderabad (102), Chennai (94), and Pune (66). The cut-off for the list dropped from ₹1,800 crore a decade ago to ₹1,000 crore, allowing local heroes from smaller towns to join.