India saw its billionaire tally rise slightly over the past year to 284 people with a cumulative wealth of Rs 98 lakh crore. Mumbai however lost its tag as the ‘billionaire capital’ of Asia despite having 90 of the world’s richest individuals as its residents. Data released by Hurun Global indicates that 175 Indian billionaires registered a wealth increase while 109 others saw their fortunes dip or remain unchanged.
According to the Hurun Global Rich List for 2025, Mukesh Ambani has reclaimed the title of ‘Richest Person in Asia’ while Gautam Adani added almost Rs 1 lakh crore to his fortune to emerge as the country’s biggest wealth gainer. Meanwhile Roshni Nadar became the first Indian woman to break into the Global Top 10 Women rankings this year after her father Shiv Nadar transferred a 47% stake in HCL. She is currently the fifth richest woman in the world.
Indian billionaires saw their cumulative wealth rise 10% over the past year with average wealth now at Rs 34,514 crore. The country is also home to seven billionaires under the age of 40 who hail from Bengaluru and Mumbai. The youngest billionaires in India are Razorpay founders Shashank Kumar and Harshil Mathur. The 34-year-olds have a net worth of Rs 8643 crore each.
Tesla and SpaceX chief Elon Musk remained the world’s richest person for the fourth time in five years — becoming the first individual to surpass the US $400 billion mark. He was followed by Amazon chief Jeff Bezos with a net worth of $ 266 billion. Meanwhile Meta chief Mark Zuckerberg broke into the top three for the first time amid investor optimism regarding Meta’s AI and tech infrastructure.
Here are the key takeaways:
- India ranks third with 284 billionaires on the Hurun Global Rich List for 2025. The US leads the list for the first time in 10 years with 870 billionaires while China follows with 823 of the world’s wealthiest in residence
- Shanghai overtook Mumbai as the billionaire capital of Asia for the first time — with 92 individuals against the 90 billionaires living in Mumbai.
- Reliance Industries chairman Mukesh Ambani reclaimed the title of ‘Richest Person in Asia’ with a net wealth of Rs 8.6 lakh crore. He leads the India list with Gautam Adani following closely behind. The Adani Group chief saw his fortunes grow by 13% as he became the biggest wealth gainer in India.
- Roshni Nadar and family ranked third while Dilip Shanghvi and family (who helm Sun Pharmaceutical Industries) followed with a fortune of Rs 2.5 lakh crore.
- Former Wipro chairman Azim Premji and his family rounded out the top five with a net worth of Rs 2.2 lakh crore.
- Elon Musk saw his wealth surge by a whopping $ 189 billion over the past year — primarily attributed to the ‘Trump effect’ on Tesla’s stock price. His wealth has however dropped by around $ 100 billion since the Hurun list cut-off on January 15. His involvement with Doge, political activism and competition from Chinese companies have collectively taken a toll on Tesla’s share price.
- Four singers, six sportsmen and one influencer made this year’s Hurun billionaires list. The singers were Jay-Z, Rihanna, Taylor Swift and Paul McCartney. Meanwhile the sportsmen were Michael Jordan, Tiger Woods, Floyd Mayweather, LeBron James, Christiano Ronaldo and Lionel Messi while the influencer was Kim Kardashian.