HURUN INDIA RICH LIST 2019

Sept. 26, 2019

According to the Hurun India Rich List 2019, released by the Hurun Report India and IIFL Wealth, the richest Indian saw their average wealth decline by 11 per cent over the past year.

Key Findings:

The Hurun India Rich List 2019 has collected data on 953 individuals across 41 industries this year. The cut-off for inclusion was a minimum wealth of Rs 1,000 crore.
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.
London-based SP Hinduja & family, with assets worth ₹1,86,500 crore, retained the second rank in the list, followed by Wipro founder Azim Premji at the third place with a wealth of ₹1,17,100 crore.
The number of Indians having a net worth of more than ₹1,000 crore has grown to 953 this year from 831 in 2018; while, the number of billionaires in terms of US dollar has reduced to 138 from 141.
The combined wealth of top 25 in the list equates to 10 per cent of India's GDP.
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. 344 individuals or more than a third of this year’s list witnessed wealth reduction.