Rich List, India: 2022

From Indpaedia
Jump to: navigation, search

Hindi English French German Italian Portuguese Russian Spanish

This is a collection of articles archived for the excellence of their content.
Additional information may please be sent as messages to the Facebook
community, All information used will be gratefully
acknowledged in your name.

This is a collection of articles archived for the excellence of their content.
Additional information may please be sent as messages to the Facebook
community, All information used will be gratefully
acknowledged in your name.



Sunainaa Chadha, March 17, 2022: The Times of India

With a wealth of US$ 4.3 billion and US$ 4.2 billion respectively, Rakesh Gangwal and Rahul Bhatia and the family of “Indigo” airlines are the wealthiest aviation billionaires. Interglobe co-founders improved their rank by 231 positions over the last five years.

NEW DELHI: Despite the Russia-Ukraine war and the continued impact of the Covid-19 pandemic, the rich have only gotten richer with the total wealth of billionaires rising by 4 percent to touch $15.2 trillion in FY 2022, according to the latest rich list by Hurun.

The global list pointed out that there are a total of 3,381 billionaires in the world, up by 153 from last year.

Here are the ten key highlights:

2070 billionaires saw their wealth increase:

2,070 saw their wealth increase, of which 490 were new faces. 1,279 saw their wealth decrease, of which 337 dropped-off. 369 saw their wealth stay the same. The average age was 64. “The Russia-Ukraine war, Covid-19 and the US-China Trade War contributed to 301 billionaires dropping off the list this year, almost one a day. However, continued digitalisation of the economy, tech innovations as well as inflation helped 490 new faces making the list, giving a surprising net increase of 153 billionaires," said Rupert Hoogewerf, Hurun Report chairman and chief researcher.

2 new faces in the Top 10: Sergey Brin and Larry Page of Alphabet broke into Top 10 at the expense of Mark Zuckerburg and China-based bottled water tycoon Zhong Shanshan.

China leads:

China led with 1133 billionaires, up 75, followed by USA at 716. Between them, China and the US have 55% of the world's billionaires. By city, Shenzhen added 8 billionaires to 113, overtaking New York to become the world's third preferred city for billionaires to live in . In fact now the top 3 cities for billionaires are all in China: Beijing, Shanghai and Shenzhen. London stands at fifth.

Table with 3 columns and 10 rows. Currently displaying rows 1 to 10.


Number of Billionaires

Change yoy

China 1,133 75
USA 716 20
India 215 38
UK 150 16
Germany 145 4
Switzerland 107 7
France 73 5
Russia 72 -13
Brazil 54 -5
Italy 52 7

India continues to be the third-largest billionaire-producing nation in the world:

There are 215 billionaires residing in India and 58 new additions, which means the country now has 249 billionaires, of which 25 live in India. In fact the number of Indian billionaires has doubled every five years since the last decade. 59% of the country’s billionaires are self-made, thus indicating that the new-generation entrepreneurs are financially-wise, asset-rich and investment-vibrant.

Table with 4 columns and 11 rows. Currently displaying rows NaN to NaN.




Number of Billionaires 1,133 716 215
Number of emigrant billionaires 63 21 34
New faces in year 235 63 51
Drop-offs in year 160 32 11
Top city Beijing (144) New York (110) Mumbai (72)
Wealth contribution to the list 27% 32% 6%
Number of billionaires in Top 100 30 36 5
Number of Women Billionaires 259 102 13
Number of immigrant billionaires 7 116 0
 % of self-made billionaires 86% 72% 55%
Top 3 Industries Real Estate (133), Industrial Products (116), Healthcare (115) Financial Services (154), Software & Services (97), Media & Entertainment (84) Healthcare (46), Consumer Goods (29), Chemicals (23)

Richest Indian and the person who added the most wealth in the last year in India:

With $103bn, Mukesh Ambani, 64, of Reliance is the richest person in India. Chairperson of Adani Group Gautam Adani added the most wealth over the last one year at $49 billion. Adani added Rs 6,000 crore every week over the year. He is also the second-richest Indian and Asian with a total worth of $81 billion.

Table with 6 columns and 10 rows. Currently displaying rows 1 to 10.


Richest Billionaire

Wealth Change (US$bn)

Wealth (US$bn)



1 Gautam Adani & family 49 81 Adani India
2 Larry Page 39 116 Alphabet USA
2 Sergey Brin 39 116 Alphabet USA
2 Bernard Arnault 39 153 LVMH France
5 Warren Buffett 28 119 Berkshire Hathaway USA
6 Steve Ballmer 27 107 Microsoft USA
7 Bertrand Puech & family 22 102 Hermes France
8 Mukesh Ambani 20 103 Reliance India
9 Zeng Yuqun 19 53 CATL China
10 Zhao Changpeng 15 23 Binance Singapore

Healthcare, Consumer Goods, and Chemicals led the way, with 46, 29, and 23 billionaires each.

The average age of billionaires in India is 66.

There are a further 34 billionaires of Indian origin, living outside of India, led by LN Mittal of ArcelorMittal in London.

180 saw their wealth increase, of which 51 were new faces. 23 decreased and 11 dropped off. 12 stayed the same.

Over the last 10 years, Indian billionaires added $ 700 billion to their cumulative wealth – this is equivalent to Switzerland’s GDP and twice the GDP of UAE.

While the maximum city Mumbai is home to 72 billionaires, followed by the National Capital New Delhi (51) and Bengaluru (28), India’s Silicon Valley, is ranked third.

India is also home to the richest aviation billionaires in the world:

With a wealth of US$ 4.3 billion and US$ 4.2 billion respectively, Rakesh Gangwal and Rahul Bhatia and the family of “Indigo” airlines are the wealthiest aviation billionaires. Interglobe co-founders improved their rank by 231 positions over the last five years.

Energy, Semiconductors software had had a great year:

Industries that had a great year include energy, especially renewables, led by India-based Gautam Adani of Adani Group, China-based Zeng Yuqun of CATL and Luo Liguo of Hoshine, and US-based Harold Hamm of Continental Resources; biotech, led by Germany-based Ugur Sahin of BioNTech, Stéphane Bancel of Moderna and China- based Xie Liangzhi of Sinocelltech; luxury goods, led by France-based Bernard Arnault of LVMH and Bertrand Puech of Hermes, and HK-based Henry Cheng Kar-shun of Chow Tai Fook; semiconductors, led by US-based Jen-Hsun Huang of Nvidea, China-based Li Min of Rockchip Electronics and Taiwan-based Morris Chang of TSMC; software services, led by Bill Gates and Steve Ballmer of Microsoft, Larry Ellison of Oracle, China-based Tang Xiaoou of SenseTime; shipping, led by Switzerland-based Klaus-Michael Kuhne of Kuhne & Nagel and China-based Yang Shaopeng of SITC Maritime.

The year of IPOs:

This year has been a strong year for IPOs, with 94 billionaires minted from 77 IPOs. The year was also a moment of reckoning for the India’s startup ecosystem which witnessed major startup IPOs including 4 companies in Hurun Global Unicorn Index. 2021’s IPO story began with a bang but fizzled out towards the end owing to bubble concerns. 10 Tech companies that listed in 2021 cumulatively lost US$23bn or Rs 1,72,000 crore since listing, resulting in a momentary pause of the tech IPO “Ashwamedham”.

Table with 4 columns and 14 rows. Currently displaying rows 1 to 14.
Self-Made Scorecard  % of Billionaires TOP 3 Countries (with %. of Billionaires) Example
5 37% 1. Greater China (83%) Self-made without parental financial support eg Warren Buffett
2. USA (7.0%)
3. UK (1.8%)
4 35% 1. USA (36.7%) Self-made, but with a helping hand from parents such as through private education, eg Mark Zuckerberg
2. India (9.1%)
3. UK (7.7%)
3 25% 1. USA (19.3%) Born into money but grew business aggressively, eg Mukesh Ambani
2. Germany (12.3%)
3. India (11.2%)
2 1% 1. Greater China (27.5%) Inherited, but active in the business eg Yang Huiyan of Country Garden
2. USA (24.6%)
3. Germany (8.7%)
1 2% 1. USA (39.0%) Inherited and not actively involved in the business, eg Laurene Powell Jobs of Walt Disney

With a wealth of $3.3 billion, Byju Raveendran of Byju’s, an online tutoring start-up, is the world’s third richest entrepreneur from the education sector.

Crypto billionaires:

2021 was also a watershed moment for wealth creation in crypto, which produced 17 'known' billionaires, led by Singapore-based CZ Zhao Changpeng, 45, of Binance with $232 billion, and Sam Bankman Fried of FTZ with $21 billion. Last year's number one Brian Armstrong of Coinbase dropped to third with $10 billion. The top three crypto billionaires are from crypto exchanges. Coinbase listed at a blockbuster US$100bn valuation in its Nasdaq debut in April, launching Brian Armstrong and Frederick Ernest Ehrsam III into the 2022 M3M Hurun Global Rich List. However, due to volatility of the crypto asset class, Coinbase is currently trading at 60% discount to the listing price.

Source of wealth:

Financial services is still number one, accounting for 9.3% of world's billionaires. Healthcare overtook real estate to second place in terms of number of billionaires, while retail overtook consumer goods at fourth place.

Table with 7 columns and 10 rows. Currently displaying rows 1 to 10.
1- Financial Services 9 12 9 Michael Bloomberg Bloomberg
2↑ Healthcare 9 2 7 Cyrus Poonawalla Serum Institute of India
3↓ Real Estate 8 -9 6 Lee Shau Lee Henderson Land
4↑ Retail 7 -6 9 Jeff Bezos Amazon
5↓ Consumer Goods 7 -2 9 Bernard Arnault LVMH
6- F&B 7 -3 7 Zhong Shanshan YST
7- Software & Services 6 -8 6 Steve Ballmer Microsoft
8- Media & Entertainment 6 7 9 Larry Page, Sergey Brin Alphabet
9↑ Industrial Products 6 14 3 Chen Jianhua & Fan Hongwei Hengli
10↓ Investments 5 7 6 Bill Gates Microsoft

Most billionaires from one company:

Swedish investment company EQT created 14 billionaires, followed by Hangzhou-based Alibaba and Minnesota-based Cargill with 13 each.

Space exploration:

Elon Musk is world's richest space billionaire, through his holding of SpaceX.

Five rich Indians in 2022, according to Hurun

TNN, Sep 21, 2022: The Times of India

Five rich Indians in 2022, according to Hurun
From: TNN, Sep 21, 2022: The Times of India

Mumbai: Adani Group founder Gautam Adani has overtaken Reliance Industries chairman Mukesh Ambani to become the richest man in India for the first time in ‘IIFL Wealth Hurun India Rich List 2022’ with a wealth of Rs 10.9 lakh crore (nearly $140 billion). The list shows that Adani’s wealth more than doubled, growing 116%, in just one year, while Ambani’s net worth grew 11% to Rs 7.9 lakh crore (about $99 billion).

Ambani was ahead of Adani by Rs 2 lakh crore in the list’s 2021 edition. But an over Rs 5-lakh-crore catch-up by Adani put the “takeover tycoon” ahead by Rs 3 lakh crore in 2022. Ambani had held the top position ever since the Hurun’s India rich list was launched in 2012. Adani’s wealth in absolute terms grew by Rs 5.9 lakh crore. According to bankers, a substantial part of Adani’s holdings are encumbered as they are used to raise funds for fresh acquisitions. The Hurun rich list takes into account calculations as of August 30, 2022.

Adani’s elder brother Vinod Adani, who manages trading businesses from Dubai, too increased his wealth by 28% to Rs 1.7 lakh crore to move to the number six position from 49 last year. In the last five years, his wealth has increased by 850%, making him the richest NRI.

Adani had pipped Ambani as the richest Indian first on the Bloomberg Billionaires’ Index in early February this year. At the time, he had a net worth $88.5 billion, beating Ambani’s then $87.9-billion net worth to become Asia’s richest too.

Last week, he also became the world’s second-richest person behind Elon Musk, according to Bloomberg.

Following the listing of beauty and wellness e-commerce platform Nykaa, Falguni Nayar, has overtaken Biotech chief Kiran Mazumdar-Shaw to become the richest self-made Indian woman. With this, Nayar has also become the richest Indian woman.

Another major gainer during the year is vaccine king Cyrus Poonawalla, who has become the third-richest Indian with a wealth of just over Rs 2 lakh crore. Last year, Poonawalla ranked number seven on the list. The IIFL Wealth Hurun rich list ranks Indians according to their wealth based on public and disclosed information. According to the report, there are 1,103 individuals with a wealth of over Rs 1,000 crore, which is 96 more than the previous year. Over the last five years, the number of people with over Rs 1,000 crore has grown 65%.

For the first time since the launch of the Hurun lists, the cumulative wealth of the rich listers has grown to cross Rs 100 lakh crore, which is more than the combined gross domestic product of Singapore, UAE and Saudi Arabia.

The pharmaceutical sector has been the biggest contributor to the list of wealth creators with 126 entrepreneurs from the sector. Chemicals and petrochemicals contributed 102 entrepreneurs to the list.

“What makes the Indian wealth-creation story truly inspirational is that 67% of the list is self-made, up from 54% five years ago. Also, 79% of the new faces this year are self-made as well. The wealth-creation engine of first-generation entrepreneurs and professional managers is on full throttle and is an important driver for India’s GDP to reach the $5-trillion mark,” said Anas Rahman Junaid, MD & chief researcher, Hurun India.

There are a few surprises in this year’s rich list. For the first time a teenager — 19-year-old Kaivalya Vohra, who founded Zepto — features on the list. Alakh Pandey, popularly known as ‘physics wallah’ and his co-founder Prateek Boob debuted in the list and are both ranked in the 300th position with a wealth of Rs 4,000 crore after their startup PhysicsWallah turned a unicorn.

See also…

Rich List: India <> Rich List: India, 2014: Forbes <>Rich List: India, 2014: Hurun <>Rich List: India, 2015: Forbes <> Rich List: India, 2015: Hurun <>Rich list, India: 2016 <> Rich List: India, 2016: Forbes <> Rich List: India, 2017 <> Rich List: India, 2017: Hurun<> Rich list, India: 2018<> Rich list, India: 2019<> Rich List, India: 2020<> Rich List, India: 2021

Rich list of film artistes: India

…and also

Rich List: Nepal<> Celebrity List: India<> Indian money in HSBC, Switzerland <> Private lives of famous Indians

…and also

Public Companies, South Asia's Biggest

Personal tools