Vijay Shekhar Sharma Is Richest Under-40 Indian Entrepreneur; Patanjali Promoter Balakrishna Enters Hurun Super Rich List

Paytm founder Vijay Shekhar Sharma reported an increase of 162% in his net worth, which makes him the richest under-40 Indian entrepreneur. His net worth stands at Rs 7300 crore as of now, which is more than any under-40 Indian entrepreneur.

Last year, Sharma’s net worth was calculated at Rs 2824 crore, which has increased 162% due to Alibaba’s investments and higher valuation of Paytm.

These latest numbers were released by Hurun, in their India Rich List – 2016 report.

The other major surprise is the inclusion of Patanjali promoter and Baba Ramdev loyalist Balakrishna in the list of super rich. With net worth of Rs 25,600 crore, he is ranked #26 out of 339 richest Indians. Clearly the massive success of Patanjali brand has led to the meteoric rise of Balakrishna, who was earlier engaged with conducting Yoga camps with Baba Ramdev.

44 year old Balakrishna, along with Baba Ramdev led Patanjali to grow almost five times between FY12 and FY15, whereas at the same time, other big FMCG companies like Dabur and Hindustan Lever grew at a modest rate of 30-70%.

This year, the minimum worth required to be able to enter the super rich list of 339 people is Rs 1600 crore or more ($240 million)

Top 10 Richest People in India

Rank	Name	Wealth INR Cr	Change	Company	Age	Residence
1-	Mukesh Ambani	163,400	2%	Reliance	59	Mumbai
2-	Dilip Shanghvi	121,500	-4%	Sun Pharma	60	Mumbai
3?	Pallonji Mistry	101,100	16%	Shapoorji Pallonji	86	Mumbai
4?	SP Hinduja & family	100,700	-2%	Hinduja	81	London
5?	Cyrus S Poonawalla	83,000	97%	Serum	74	Pune
6?	Azim Premji	74,700	44%	Wipro	71	Bengaluru
7?	Shiv Nadar	73,000	-22%	HCL	71	New Delhi
8?	LN Mittal	66,900	-20%	ArcelorMittal	66	London
9?	Uday Kotak	51,600	8%	Kotak Mahindra	57	Mumbai
10?	Sunil Mittal & Family	50,300	4%	Bharti Airtel	58	New Delhi

? Rank increase yoy ? Rank decrease yoy – No Rank change yoy * New to Top 10

Geographical Distribution of India’s Richest

	City	No. of individuals	% change	Change in no of individuals	Richest person
1-	Mumbai	104	30%	+17	Mukesh Ambani
2-	New Delhi	65	19%	+10	Shiv Nadar
3-	Bengaluru	28	8%	+4	Azim Premji
4*	Hyderabad	18	5%	+8	PV Ramaprasad Reddy
5?	Kolkata	14	4%	+4	Benu Gopal Bangur
6-	Pune	13	4%	+2	Cyrus S Poonawalla
7?	Ahmedabad	11	3%	+1	Gautam Adani
8?	Dubai	9	3%	-3	Micky Jagtiani

 

For the 5th year in row, Reliance Industries Chairman Mukesh Ambani was declared as the richest Indian with total net worth of Rs 1,63,400 crore, followed by Dilip Sanghvi from Sun Pharmaceuticals with net worth of Rs 1,21,500 crore at #2 position.

Pallonji Mistry of Tata Enterprises is at #3 position, with total net worth of 1,10,100 crore.

Biggest Gainers

	Name	Wealth (INR Cr)	% Change	Company	Location	Industry
1	Vijay Shekhar Sharma	7,300	162%	Paytm	New Delhi	Technology
2	Rakesh Gangwal	15,900	153%	InterGlobe Enterprise	Miami	Transport Services
3	BR Shetty	11,000	142%	UAE Exchange	Abu Dhabi	Financial Services
4	Savitri Jindal & Family	35,000	123%	JSW Steel	Hisar	Metals & Mining
5	Yusuffali MA	36,600	109%	Emke	Abu Dhabi	Retailing
6	Jai Hari Dalmia & Family	8,400	109%	Dalmia Bharat	New Delhi	Construction Materials

 

 

 

 

 

 

 

 

 

 

 

 

Some other interesting data from the Hurun’s list of richest Indians:

– Rs 50,400 crore is the minimum cut-off required to enter the top 10 ranking, which was Rs 47,000 crore last year

– Out of 339 super-rich Indians with minimum net worth of Rs 1600 crore, there are 126 billionaires. Last year, out of 296 super-rich with minimum net worth of Rs 1600 crore, there were 124 billionaires

– Uday Kotak is the richest individual from the finances niche with total net worth of Rs 51,600 crore, followed by Sameer Gehlaut (Rs 10,400 crore)

– Pharmaceuticals sector registered the maximum number of rich people in the list with 21 billionaires and 18 individuals; overall, their wealth increased by 17%

– There are 37 Padma Awardees in the list, out of them 4 are women

– 8 new entrants to the list were backed by bumper IPOs, and leading this list is Rakesh Gangwal from Interglobe Enterprise, having net worth of Rs Rs 15,900 crore

– Savitri Jindal is the richest women in the list, with net worth of Rs 35000 crore. She is the Chairman of JSW Steel. Indu Jain from Bennett Coleman, founding company of Times of India newspaper, is the second richest women with net worth of Rs 28,000 crore, followed by Smitha V Crishna from Godrej (net worth of Rs 15,700 crore)

– The youngest Indian in the list is Bhavesh Agarwal, aged 30, with net worth of Rs 3000 crore, and the oldest Indian is Murli Kewalram Chanrai, aged 93 years.

– After Vijay Shekhar Sharma, the Indian with maximum growth in wealth was Rakesh Gangwal, with net worth of Rs 15,900 crore. His wealth increased by 153%.

You can view the full report here.