Forbes Richest List 2024: India Adds 25 New Billionaires to the list

While Mukesh Ambani leads the pack in India followed by Gautam Adani; meet the 25 debutants from India who made their mark on the list, representing diverse sectors such as healthcare, real estate, and technology.

Forbes recently unveiled its much anticipated list of the World’s Billionaires for 2024, showcasing a remarkable surge in Indian representation. The 2024 Forbes list featured a record-breaking 200 Indian entries, marking a significant rise from the 169 featured the previous year.

As per the list, Indian billionaires collectively amassed a staggering $954 billion, reflecting a 41% surge in wealth compared to the previous year’s figures. Mukesh Ambani leads the pack with a net worth of $116 billion, securing his position as the first Asian to join the coveted $100 billion club.

Notably, Gautam Adani emerged as the second richest Indian on the list, with a fortune of $84 billion, followed by business stalwarts like Savitri Jindal and Shiva Nadar.

25 New Indian Debutants 

As the list reflects India’s growing economic prowess and entrepreneurial spirit; what truly underscores India’s economic dynamism is the inclusion of 25 debutants, each carving a niche in their respective industries and contributing to the nation’s burgeoning wealth. .

Among the notable newcomers is Renuka Jagtiani, Chairwoman of Landmark Group, whose net worth stands at an impressive $4.8 billion. 

Ramesh Kunhikannan, founder of Kaynes Technology, also made a notable entry with a net worth of $1.2 billion, showcasing India’s prowess in the technology sector.

Here’s the full list of the 25 debutants from India making their mark on the list, representing diverse sectors such as healthcare, real estate, and technology: 

• Renuka Jagtiani, Landmark Group’s Chairwoman, headquartered in Dubai, secured a spot on the list with a net worth of $4.8 billion.
• Kabir Mulchandani, owner of Dubai’s FIVE Holdings real estate firm, claimed a position on the list with a net worth of $2 billion.
• Ajay Jaisinghani, affiliated with Polycab India, entered the list with an estimated net worth of $1.6 billion.
• Ramesh Jaisinghani, also associated with Polycab India, joins the list with a net worth matching $1.6 billion.
• Onkar Kanwar, former managing director of Apollo Tyres, earned his place with a net worth of $1.5 billion.
• Anil Rai Gupta, Havells India’s Chairman and Managing Director, secured a position with a net worth of $1.4 billion.
• Ramesh Kunhikannan, former managing director of Kaynes Tech India, joins the list with an approximate net worth of $1.4 billion.
• Vijay Agarwal, managing director of Action Construction Equipment Ltd., claimed a spot with an estimated net worth of $1.3 billion.
• Girdhari Jaisinghani, associated with Polycab, secured a position with an approximate net worth of $1.3 billion.
• Irfan Razack, Prestige Group’s Chairman and Managing Director, joins with an estimated net worth of $1.3 billion.
• Naoman Razack, Whole-time Director at Prestige Group, claimed a spot with an approximate net worth of $1.3 billion.
• Rezwan Razack, Joint Managing Director at Prestige Group, entered the list with an approximate net worth of $1.3 billion.
• Dr. Naresh Trehan, Chairman and Managing Director of Medanta chain of hospitals, secured a position with an estimated net worth of $1.3 billion.
• Shivratan Agarwal, Bikaji’s Chairman and Whole-time Director, claimed a position with an approximate net worth of $1.2 billion.
• Shashishekar Pandit, Co-founder, Chairman, and Group CEO of KPIT Technologies Ltd., secured a spot with an approximate net worth of $1.2 billion.
• Motilal Oswal, a prominent figure in finance and investment, joins the list with an approximate net worth of $1.1 billion.
• Lalit Khaitan, Radico Khaitan’s Chairman, entered the list with an estimated net worth of $1 billion.
• Nikhil Merchant, Swan Energy’s Managing Director, secured a position with an approximate net worth of $1 billion.
• Pradeep Rathod, Cello World’s Chairman, joined the billionaire club with an approximate net worth of $1 billion following the company’s public listing.
• Mahaveer P Taparia, Executive Director at Supreme Industries, secured a position with an approximate net worth of $1 billion.
• Shivratan Taparia, associated with Supreme Industries, joined the list with an approximate net worth of $1 billion.