Indian Billionaires

Abhishek Lodha, Sudhir and Samir Mehta, and Raamdeo Agrawal and Motilal Oswal have been recognised for their philanthropic endeavours in India

The super-rich increasingly hold more of the national income; their wealth has grown by 263% to $905.6 bn in a decade

India ranks third globally with 185 billionaires in 2024, reflecting a 21% increase. The nation's combined wealth surged 42% to $905.6 billion, according to a UBS report

Organising a private wine-tasting event in Tuscany or a coaching class with an international sport champion: Wealthy clients have a demanding wish list

The recent report from the World Inequality Lab noted that the top 1% of the country's population now commands more than 40 per cent of India's total wealth

World Inequality Lab numbers show the caste composition of India's richest

India now has 271 billionaires; Mumbai has third highest number of billionaires in the world

The country's richest people can't wait to catch the next chartered flight home

The group stocks surged since Monday after the Supreme Court reserved its judgement on the charges made by the Hindenburg report

A pioneer in extending credit to India's poor for trucks, tractors and other vehicles, Thyagarajan built Shriram into a conglomerate that employs 108,000 people in everything

India, which has the third-most billionaires, with 169, had a more mixed year. Indian billionaires as a group - worth $675 billion - are $75 billion poorer than in 2022

Despite an erosion of 20 per cent or $21 billion in wealth, Reliance Industries' Chairman and Managing Director Mukesh Ambani continues to be at the top 10 wealthiest individuals

The experience of South Korea, Japan and Russia has shown that the conglomerate model often comes with political connections, but such comparisons can be overblown, writes T N Ninan

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list

Oxfam study points to sharpening inequality

As both he and PM Modi are from the same state, it makes him the easy target of baseless allegations, says Adani

He was the only one in the top-5 billionaire who did not see a wealth decline over the last year

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.

Eight firms controlled by Adani's ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index's surge since end-June

An announcement on Karan's appointment could come as soon as Friday, the people said. A representative for Adani Group declined to comment.