For the first time, the Hurun India Rich List has exceeded 1,500 entries, recording individuals with wealth more than Rs 1,000 crore
Funding winter shows, cheetahs too lose steam
Country added 94 new billionaires in 2023, the most for any country after the United States
The two companies that saw the highest valuation gain were Microsoft and Nvidia. Both of these are associated with the artificial intelligence software ChatGPT
Eight of the top ten richest billionaires in the list, except Adani and Radhakishan Damani, saw their wealth jump in 2023
The report also mentioned that India and China produce more offshore unicorns than any other country
The combined market-capitalisation (market-cap) of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public
Apple, worth $2.4 trillion, is the most valuable company, followed by Microsoft with a value of $1.8 trillion: 2022 Hurun Global 500 report
The Pune-based vaccine producer's value has increased 20 per cent to Rs 2.2 trillion in the past one year
Only 1,305 people made the mark this year, down 11 per cent from last year
HCL founder Shiv Nadar topped as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday. Nadar, 77, has reclaimed the 'India's most generous' title with a donation of Rs 3 crore per day, according to the report. Wipro's Azim Premji, 77, slipped to the second position with an annual donation of Rs 484 crore after ruling at the top position for the last two consecutive years, it said. India's richest man Gautam Adani, 60, ranked seventh in Edelgive Hurun India Philanthropy List 2022, with a donation of Rs 190 crore. The report further revealed that in India a total of 15 individuals made an annual donation of over Rs 100 crore, 20 donated over Rs 50 crore and 43 over Rs 20 crore. A M Naik, 80, group chairman of Larsen and Toubro, who donated Rs 142 crore, is the country's most generous professional manager, the report stated. It further said that Nithin Kamath and Nikhil Kamath of Zerod
The valuation firms like Quikr, Paytm Mall, have dropped below $1 billion. Shopclues and Blinkit were acquired for a fraction of their billion-dollar valuation
For the second year running, Cancerians are most successful amongst the Hurun list. Sagittarians are among lukewarm contributors and absence of notable Bollywood and cricket personalities is puzzling
Kamath is followed by Bhavish Aggarwal of Ola Electric with a wealth of Rs 11,700 crore
More than 82% of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich in the list are below the age of 30, said the Hurun India study
Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year
As many as 147 unicorns worldwide saw their valuations drop in the last six months
In just one year, the number of such startups has increased by 65%