Shocking! This Indian Business Tycoon Earned Rs 300 Crore Per Day Since Last One Year
Barclays Hurun India Rich List is out, and there are some major surprises.
Hurun’s much-awaited list of the wealthiest Indians for 2018 is out, and there are some major surprises here.
Here is a shocker: This wealthy Indian business tycoon earned more than Rs 300 crore per day in the last one year!
Take out your popcorn, and get ready to know the spicy details of India’s richest, as we present Barclays Hurun India Rich List.
Rs 300 Crore Per Day Earning!
Reliance Industries Chairman Mukesh Ambani has been declared the richest Indian for 7th consecutive year.
As per Hurun, he earned more than Rs 300 crore per day last year, as his wealth soared to Rs 3,71,000 crore, which is the highest in India.
If we compare his wealth, then right now Mukesh Ambani is worth more than SP Hinduja & Family (Rs 1,59,000 crore), LN Mittal & Family (Rs 1,14,500 crore), and Azim Premji (Rs 96,100 crore).
In the same period, Reliance Industries share prices zoomed by 45%, thereby aiding wealth creation for the Ambani family.
India’s Wealthy Break Records!
As per Barclays Hurun India Rich List, there are 831 Indians who have a net-worth of more than Rs 1000 crore. This is the highest number of richest Indians, ever.
Compared to last year, the number of Indians having net worth of Rs 1000 crore or more increased by 34%, which has again broken several records – Such high momentum of wealth creation has never been recorded before.
These richest 831 Indians who have a net worth of Rs 1000 crore and more now control assets worth $719 billion, which is 25% of India’s GDP!
Compared to 2017, there are 214 more Indians who now own Rs 1000 crore and more; which is double of what 2016 had: 339.
Who Are These Richest Indians?
Oyo Rooms Founder, Ritesh Agarwal is the youngest Indian in the list; while 95-year-old Dharam Pal Gulati of the masala brand MDH is the oldest.
Krishna Kumar Bangur of Graphite India recorded the steepest increase in wealth, as his assets grew by mindboggling 430% in the last one year.
If we talk about super-rich Indian women having assets more than Rs 1000 crore, then we witnessed a massive increase of 157% in the number, which now stands at 136.
If we talk about industries, then Pharma sector is the #1 industry for creating wealth: 13.7% of all richest Indians are from Pharma sector. Software and Services is at #2 with 9.7% share, followed by FMCG sector at 6.5% share.
Mumbai is the city which houses most number of these wealthy Indians – 233. New Delhi-NCR is at #2 position with 163 wealthiest Indians, followed by Bengaluru with 70 wealthy Indians.
Here are the top 10 richest Indians:
#1 Mukesh Ambani: $40.2 B
#2 Dilip Shanghvi: $13.9 B
#3 LN Mittal: $13.8 B
#4 Shiv Nadar: $13.3 B
#5 Azim Premji: $12.4 B
#6 Cyrus S Poonawalla: $ 11.1 B
#7 Gautam Adani: $11 B
#8 Acharya Balakrishna: $10.9 B
#9 Uday Kotak: $9.8 B
#10: Sunil Mittal & Family: $8.8 B
You can find the complete list right here.