India Infoline Finance Limited (IIFL) has recently released India Rich List, which provides an insight into the wealth of Indians. Here’s a look at some of the major points: -
IIFL has recently released India Rich List, which provides an insight into the wealth of Indians
India Infoline Finance Limited (IIFL) has recently released India Rich List, which provides an insight into the wealth of Indians. Here’s a look at some of the major points: -
- According to India Infoline Finance Limited (IIFL) Wealth Hurun India Rich List, the number of Indians having a net worth of more than ₹1,000 crore has increased to 953 this year from 831 in 2018; while, the number of billionaires in terms of US dollar has reduced to 138 from 141.
- There are 82 NRIs on the coveted list of which 76 per cent are self-made. With 31 individuals, USA is the most preferred country for NRIs, followed by the UAE and the UK.
- According to this report Mumbai and Delhi emerged as the hub of the rich and famous
- Reliance Industries' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of ₹3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List.
- London-based SP Hinduja & family, with assets worth ₹1,86,500 crore, stood at second rank in the list, followed by Wipro founder Azim Premji at the third place with a wealth of ₹1,17,100 crore.
- L N Mittal, chairman and CEO of ArcelorMittal, was the 4th richest with a wealth of ₹1,07,300 crore and Gautam Adani was placed on the 5th position with a net worth of ₹94,500 crore.
- Uday Kotak is at the 6th place with a wealth of ₹94,100 crore, Cyrus S Poonawalla at 7th position with ₹88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of ₹76,800 crore, Shapoor Pallonji at 9th position with a net worth of ₹76,800 crore and Dilip Shanghvi at 10th slot with ₹71,500-crore wealth.
- Interestingly, while the cumulative wealth for this year shows an increase of 2 per cent compared to last year, the average wealth shows a decline of 11 per cent, IFL Wealth Hurun India Rich List said.
- As many as 344 individuals or more than a third of this year's list witnessed wealth reduction and another 112 could not meet the threshold of ₹1,000 crore, it added.
- With 246 individuals or 26 per cent of the list, Mumbai is the absolute capital when it comes to the residence of India's top entrepreneurs, followed by New Delhi (175) and Bengaluru (77).
- With a net worth of ₹7,500 crore, Ritesh Agarwal (25) of Oyo rooms is the youngest selfmade entrepreneur and the wealthiest under 40 years (age) is Divyank Turakhia (37) of Media.net. The list includes 152 women with an average age of 56 years.
- Roshni Nadar (37) of HCL technologies is the richest woman followed by Smita V Crishna (68) of Godrej Group with a net worth of ₹31,400 crore. With a net worth of ₹18,500 crore, Kiran Mazumdar-Shaw of Biocon retains the crown of the richest self-made woman in India.