According to Hurun India Rich List-2023, Mukesh Ambani is the Richest Person in India.
Discover the latest insights from the 12th '360 One Wealth Hurun India Rich List' for 2023, revealing Mukesh Ambani's ascent to becoming India's wealthiest. Explore key facts, changes in rankings, and the overall wealth landscape in this comprehensive article.
Introduction
In a significant shift on the 2023 Hurun India Rich List, Mukesh Ambani, the Chairman of Reliance Industries, has surpassed Gautam Adani to claim the title of India's richest individual. This article delves into the intricacies of this wealth transition, providing a comprehensive overview of the latest rankings and key insights.
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| According to Hurun India Rich List-2023, Mukesh Ambani is the richest person in India. |
Exploring the 2023 Hurun India Rich List
The 2023 Hurun India Rich List encompasses a staggering 1,319 individuals with a net worth of Rs 1000 crore from 138 different cities. This extensive compilation, based on data until 30 August 2023, highlights the dynamic nature of India's economic landscape.
Continuous Growth in Billionaires
According to the Hurun report, India has been consistently adding two new billionaires every three weeks over the past year. This remarkable trend has resulted in a 4.4-fold increase in the total number of Indian billionaires over the last 12 years, reaching a total of 259.
Surge in Total Wealth
The cumulative wealth of India's affluent elite stands at Rs 108 lakh crore (about $1.3 trillion), marking an 8.5 percent increase from the previous year. This surge reflects the robust growth and resilience of India's economic sector.
Key Facts and Rankings
Let's delve into some key facts and notable changes in the rankings on the 2023 Hurun India Rich List:
Mukesh Ambani's Marginal Increase
In the top spot, the wealth of Mukesh Ambani witnessed a marginal 2 percent increase, reaching an impressive Rs 8.08 lakh crore. This subtle growth solidifies his position as the wealthiest individual in India.
Gautam Adani's Significant Decline
Contrastingly, Gautam Adani, the chief of Adani Group, experienced a notable decline of 57 percent in his wealth, settling at Rs 4.74 lakh crore. This shift in fortunes has reshaped the landscape of India's wealthiest.
Notable Figures in the List
Cyrus Poonawalla, the Managing Director and Chairman of Serum Institute of India (SII), retained his position as India's third richest person with a 36 percent increase in wealth, totaling Rs 2.78 lakh crore.
Radha Vembu of Zoho surpassed Falguni Nair to become the richest self-made woman, while Kaivalya Vohra and Neha Narkhede emerged as the youngest self-made rich individuals in their respective categories.
Regional Distribution of Wealth
The 2023 Rich List reflects the concentration of wealth in India's tier-X cities, popularly known as 'metro cities.' Mumbai leads with 328 individuals, followed by New Delhi (199) and Bengaluru (100).
According to Hurun India Rich List-2023: The Article's Narrative
This section captures the essence of the 2023 Hurun India Rich List, emphasizing the shifts in wealth, notable personalities, and the geographical distribution of affluence. As we navigate through this narrative, the intricacies of India's economic dynamics become vivid.
Frequently Asked Questions (FAQs)
Q: How frequently is the Hurun India Rich List updated?
A: The list is updated annually, with the 2023 edition reflecting data until 30 August of that year.
Q: What contributed to Mukesh Ambani's increase in wealth?
A: Mukesh Ambani's wealth increased marginally by 2 percent, reflecting the dynamics of Reliance Industries and broader economic trends.
Q: Which cities dominate the Rich List in terms of individuals?
A: Mumbai leads with 328 individuals, followed by New Delhi (199) and Bengaluru (100).
Q: How many billionaires were added in the past year?
A: India added two new billionaires every three weeks over the past year, resulting in a total of 259 billionaires.
Q: Who are the youngest self-made rich individuals on the list?
A: Kaivalya Vohra and Neha Narkhede emerged as the youngest self-made rich individuals in their respective categories.
Q: What is the total wealth of India's rich on the 2023 Rich List?
A: The cumulative wealth of India's rich is worth Rs 108 lakh crore (about $1.3 trillion), marking an 8.5 percent increase from the previous year.
Conclusion
The 2023 Hurun India Rich List paints a vibrant picture of India's economic landscape, showcasing the rise and fall of fortunes among the country's wealthiest. Mukesh Ambani's ascendancy to the top spot underscores the dynamic nature of wealth in one of the world's fastest-growing economies.
