Tourism Australia invites Indians to ‘Experience the game and beyond’ at the ICC T20 World Cups in 2020 - Gensol Engineering Ltd. reaches 8% above IPO price on listing day - Seeing plastic waste as a resource: Covestro plans to promote circular economy, Seeing plastic waste as a valuable resource / Alternative raw materials to break away from crude oil / Fostering recycling through innovative processes - VODAFONE IDEA BUSINESS SERVICES AND NOKIA PARTNER TO LAUNCH SD-WAN TO HELP BUSINESSES DRIVE DIGITAL TRANSFORMATION - IRCTC listing ceremony held at BSE - Magnificent Trailer of Hindi Film "Ramrajya" launched - Himalaya Expands Its Hair Care Portfolio with Natural Shine Henna - DR AKSHATA PRABHU TO REPRESENT INDIA AT MS. INTERNATIONAL WORLD 2020 IN MIAMI, FLORIDA, UNITED STATES - Global Excellence Awards 2019 - Actress Madhuri Dixit Nene honors path breaking entrepreneurs and organisations - Aviation Giants Airport Authority of India, Air India and Air India Express Onboard TReDS platform M1xchange - Union Women and Child Development Minister Smriti Irani address press conference at BJP Party office  in Mumbai - Governor Koshyari asks people to use Khadi to empower rural artisans, Khadi Fashion Show at World Trade Centre - Lamborghini Opens New Showroom In Mumbai and Launches the Huracán EVO Spyder New showroom at the marquee address – Prabhadevi Launch of the new Lamborghini Huracán EVO Spyder, a design translated into open-air exhilaration Electrohydraulic, lightweight, soft top for pure Spyder feeling - Blue Star declared winner of the prestigious ‘Golden Peacock Award for Excellence in Corporate Governance’ for 2019 - Nokia announces over 2,000 5G patent declarations - Maruti Suzuki Ciaz continues its dominance for 5 years, Over 30% market share with more than 2.7 lakh delighted customers - Japan’s Nippon Life Insurance, announces the integration of Nippon India Mutual Fund (erstwhile Reliance Mutual Fund) into their Global Unified Asset Management Fold   - BKT SCORES GLOBAL AGREEMENT WITH SPANISH FOOTBALL LEAGUE LALIGA - America’s leading manufacturing state eyes technological ties with India, says Mr. Holcomb - Karan Johar, Anil Kapoor, Javed Akhtar, Asha Parekh, Ajay Mago & many others at the launch of Khalid Mohamed’s debut novel ‘The Aladia Sisters’, an Om Books International publication - HARMAN Opens Flagship Brand Store in Mumbai, experience the full range of JBL, Harman Kardon and HARMAN’s Luxury Audio Products at R City Mall in Ghatkopar, Mumbai - Actress Parineeti Chopra Premiering as Brand Ambassador for India’s First International Dive Expo “Adex India – Mumbai Dive Show Ocean Festival” the Longest run & Largest Dive Expo in Asia! now at BEC, Goregaon - Lifestyle & Adventure comes to the Heart of Mumbai, Opens a new ISUZU Brand Showroom at Nariman Point - Rate cuts must be accompanied by substantial transmission by banks to push credit, growth: ASSOCHAM - Apollo Hospitals Deploys Kronos Workforce Solution to Augment Superior Care - Bollywood Actress and Model Sanjana Sanghi visited a Teach For India classroom with school Children - Governor attends 150th Birth Anniversary of Mahatma Gandhi - T-2 TO THE NBA INDIA GAMES 2019, India’s first-ever floating court makes a grand debut - Bollywood Singer Falguni Pathak and Devotees perform Dandiya raas Garba Dance for Navratri festival celebration - Indian American physician and filmmaker Dr. Ravi Godse's English film "Remember Amnesia" happens to be the first film ever made with award-winning Hollywood, Bollywood & Marathi stars - Manappuram Home Finance Limited NCD Issue to Open on September 30, 2019 - The shoot for a international magazine cover - Bollywood actors during trailer launch of their upcoming film "BYPASS ROAD" - Pakkhi Hegde turns entrepreneur, launches her record label ‘Beyond Music’ - Ninth International “NextGen Genomics, Biology, Bioinformatics and Technologies (NGBT)” Conference in Mumbai - Polycab India Ltd. showcases its first-ever Polycab Experience Centre in Mumbai’s iconic electrical markets hub Lohar Chawl - SRCC Children’s Hospital redefines holistic pediatric care in India, NH-SRCC Hospital to conduct 200 cardiac surgeries per month for needy children under various Government schemes Around 1,400 children suffering from cardiac ailments screened in last one year across rural Madhya Pradesh, Maharashtra and Goa - Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row - Fibre-based Technologies to be a Key Enabler for Digital India: Broadband India Forum - EXPORT-IMPORT BANK OF INDIA ORGANIZES EXIM BAZAAR – AN EXCLUSIVE ART & CRAFT EXHIBITION OF HANDMADES - Actor Bhumi Pednekar along with Director of Suntuity REI- Imaan Javan come together with Celebrities, top business leaders and students all join hands for global strike, demand action on climate change in Mumbai - Mithali Raj and Siddhant Chaturvedi announce the 2nd edition of Skechers Performance Mumbai Walkathon - Nokia shows the way forward to accelerate the connected world in 5G era at Bangalore Innovation Day - The fully electric XC40 SUV – Volvo’s first electric car and one of the safest on the road - L&T Technology Services recognized as ‘Best Company for Excellence in Services’ by Indo-American Chamber of Commerce-West India Council - Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row, Record Stats: With 953 entrants, India’s most comprehensive Rich List grows overall by 122 - IRCTC’S Initial Public Offering (IPO) to open on Monday, 30, 2019 with Price Band of Rs. 315 – Rs. 320 per Equity Share each of Face Value of Rs. 10 each - Samsung (Mobile Phones) ranked as India’s Most Consumer-Focused Brand; Dell and Apple iPhone follow, 56 Indian brands feature among top 100; LIC, Tata Motors, Amul (Milk) lead India list - 76% of Mumbaikars who are stressed are at heart risk: Saffolalife Study - RCF announces Financial Results, Overall Performance And Company Highlights Post it’s 41St AGM - Aiming to provide women with a platform and enabling them to make a difference, India Brainy Beauty 2019 pageant is back with its finale - Vastrabharana 2019 exhinition organized by the Crafts Council of Karnataka - OPI, the #1 Salon brand worldwide in nail color and care, announced the launch of their new Peru collection in India - Bollywood Actors Salman Khan, Ameesha Patel & others during the launch of the Bigg Boss 13 in Mumbai - Union Minister Arjunram Meghwal inaugurates solo art exhibition of renowned painter Gopal Vyas, who celebrates 50 golden years - Global Survey Reveals Major Shift in Education Toward Do-It-Yourself Learning - 1 millionth Maruti Suzuki car exported from Gujarat’s Mundra Port, with shipments to more than 125 countries; cumulative exports cross over 1.8 million units - Solve for the planet: 24-Hour NASA Space App Challenge 2019 Begins - Hero Electronix forays into Consumer Technology, unveils a new Brand – Qubo, AI-powered Connected Smart Devices, Launches India’s first Smart Indoor Camera with advanced Artificial Intelligence-driven features

Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row

·        Record Stats: With 953 entrants, India’s most comprehensive Rich
List grows overall by 122.

·        The wealth threshold to feature in the IIFL Wealth Hurun India
Rich List 2019 has been retained at INR 1000 Crore

·        With a net worth of INR 94,500 crores, Gautam Adani (57) storms
into top 5; his wealth increased by 33% or INR 22,300 crores

·        Average wealth of the list is around INR 5,300 crores and the
average age is 60

·        Mumbai and Delhi emerged as the hub of the rich and famous

·        Cancer, Virgo, Aries, Leo and Scorpio dominate the list

·        29 new USD Billionaires in 2019 – taking the total to 138 Indians;
5 individuals lost the USD billionaire status

·        13 Non-Promoter CEOs feature in the IIFL Wealth Hurun India Rich
List 2019, of which two reside in India

·        Led by Roshni Nadar of HCL, 152 women feature on the IIFL Wealth
Hurun India Rich List

MUMBAI, Sept. 25, 2019, (GNI): Hurun Report India and IIFL Wealth Management Ltd. today released 8th edition of IIFL Wealth Hurun India Rich List 2019. 953 individuals, who crossed the threshold of INR 1000 crore across 41
industries feature in The IIFL Wealth Hurun India Rich List 2019.  Mukesh
Ambani, Chairman of India’s second-most valued firm Reliance Industries,
continues to top the ‘IIFL Wealth Hurun India Rich List 2019’ for the eighth
consecutive year, with a total net worth of INR 380,700 crores. London-based
SP Hinduja & family, worth INR 186,500 crores, retains the second rank in
the list. With a wealth of INR 1,17,100 crore, Azim Premji, the founder of
Wipro, rises to the third spot. LN Mittal, Chairman & CEO of ArcelorMittal,
is the 4th richest with a wealth of INR 1,07,300 crore. Gautam Adani stormed
into the top 5 with a total wealth of INR 94,500 crore.

Rank Name Wealth INR crore Change Company Age Residence 1- Mukesh Ambani 380,700 3% Reliance Industries 62 Maharashtra 2- SP Hinduja & family 186,500 17% Hinduja 83 London 3↑ Azim Premji 117,100 22% Wipro 74 Karnataka 4↓ LN Mittal & family 107,300-6% ArcelorMittal 69 London 5* Gautam Adani & family 94,500 33% Adani Ports & SEZ 57Gujarat 6- Uday 94,100 20% Kotak Mahindra Bank 60 Maharashtra 7- Cyrus S Poonawalla 88,800 22% Serum Institute of India 78 Maharashtra 8↑ Cyrus Pallonji Mistry 76,800 11% Shapoorji Pallonji 51 Maharashtra 8↑ Shapoor Pallonji Mistry 76,800 11% Shapoorji Pallonji 54 Monaco 10↓ Dilip Shanghvi 71,500-20% Sun Pharmaceutical 63 Maharashtra

↑ Rank increase yoy ↓ Rank decrease YoY – No Rank change yoy * New to Top 5

Source: Hurun Research Institute; IIFL Wealth Hurun India Rich List 2019

Interestingly, while the number of Indians in the 2019 edition of IIFL
Wealth Hurun India Rich List has grown from 831 in 2018 to 953, the number
of USD Billionaires have reduced from 141 to 138. The combined wealth of top
25 in the list equates to 10% of India’s GDP and that of 953 accounts for
27% of the same. Interestingly, while the cumulative wealth for this year
shows an increase of two per cent compared to last year; the average wealth
shows a decline of 11 per cent. 344 individuals or more than a third of this
year’s list witnessed wealth reduction and another 112 could not meet the
threshold of INR 1000 crore.

Speaking at the launch of the report, Anas Rahman Junaid, MD & Chief
Researcher, Hurun Report India, said, “With all the conversation around
economic slowdown and overheating of economy – the IIFL Wealth Hurun India
Rich List of 2019 celebrates the growing tribe of Indian wealth creators –
both in India and abroad. Sample this, while the number of USD billionaires
have merely grown by 2 as compared to 2016; the number individuals with INR
1,000 crore have increased by a third in the past two years – from 617 to

  1. This indicates that wealth is getting generated across the “bottom end”
    of the top of the pyramid. Globally, the wealth creators drive the growth
    and therefore play a vital role in shaping the economy. With Indian
    Government setting its sight on USD 5 trillion GDP mark – we are confident
    that the size of the India Rich List will easily triple in the next 5
    years.”

Commenting on the launch, Yatin Shah, Co-founder & Executive Director, IIFL
Wealth Management Ltd., said, “Around 53% of the names featured in the IIFL
Wealth Hurun India Rich List 2019 are those who have inherited wealth. This
could only happen with a strong focus on not only wealth creation but also
wealth preservation. With the India story gaining momentum, supported by a
young and an aspirational demography – the potential of wealth management in
the country has merely scratched the surface. Given the list as an
indicator, the Indian wealth management industry is poised for an
exponential growth as India gears up to emerge as a $5 trillion economy”.

With 246 individuals or 26% of the list, Mumbai is the absolute capital
when it comes to the residence of India’s top entrepreneurs, followed by New
Delhi (175) and Bengaluru (77). The aforementioned cities contribute only
35% of the new additions, compared to 59% of the same last year. There are
82 NRIs on the IIFL Wealth Hurun India Rich List 2019; of which 76% are
self-made. With 31 individuals, USA is the most preferred country for NRIs,
followed by the UAE and the UK.

With a net worth of INR 7,500 crore, Ritesh Agarwal (25) of Oyo Rooms is
the youngest self-made entrepreneur and the wealthiest under 40 years (age)
is Divyank Turakhia (37) of Media.net; Across 16 self-made, under 40
individuals, the average age and wealth is 35 years and INR 4,200 crore
respectively.

152 women with an average age of 56 years have featured in the IIFL Wealth
Hurun India Rich List 2019. Roshni Nadar (37) of HCL technologies is the
richest woman followed by Smita V Crishna (68) of Godrej Group with a net
worth of INR 31,400 crore. With a net worth of INR 18,500 crore, Kiran
Mazumdar-Shaw of Biocon retains the crown of the richest self-made woman in
India.

About IIFL Wealth Management is one of the leading wealth management companies.
The company has catapulted itself to become one of the largest private
wealth management firms in India in less than a decade. Today, it is the
investment and financial advisor to more than 13,000 influential families in
the High Net Worth Individuals (HNI) and Ultra HNI segments in India and
abroad, with aggregate assets of around USD 24 billion under management,
advice and distribution.

IIFL Wealth Management is one of the pioneers in the industry to bring
about product innovations. The company won ‘The Best Private Bank – India”
at The Asset Awards 2019 as well as “Outstanding contribution to Wealth
Management” by India Wealth Awards 2019, besides more than 89 other awards
of repute since its inception in 2008.

General Atlantic, a leading global growth equity firm, has invested in IIFL
Wealth Management and holds around 21 pc stake in the company. Recently, six
other investors including General Atlantic invested in the company. These
include WF Asian Reconnaissance Fund (a fund managed by Ward Ferry), Rimco
Mauritius, Amansa Holdings Pvt Ltd, General Atlantic Singapore Pte,
Steadview and HDFC Standard Life Insurance.

Headquartered in Mumbai, IIFL Wealth Management has around 1000 employees
and a presence in 7 major global financial hubs and 26 locations including
India and around the world.

About Hurun Report India “Passionate About Indian Entrepreneurship”

Hurun Report India commenced operations in 2012 and has been bringing to light stories of successful and emerging Indian entrepreneurs ever since,
felicitating them at a bouquet of Hurun events hosted Pan-India. Hurun
Report in India was co-founded by Anas Rahman Junaid, a graduate of
University of Oxford, who returned to India to contribute to Indian
entrepreneurship eco system.

Hurun Report India serves as India’s definitive voice celebrating wealth
creation, innovation, and growth. Last year, Hurun further expanded its
repertoire by releasing the Hurun Global Rich List 2019, a ranking of the
2,470 US dollar billionaires, so-called ‘Nine-Zero Club’, currently in the
world and the seventh India Rich List which ranks the 953 richest
individuals in India, allowing for comparisons between some of the most
dynamic economies in the world. The purpose of this list is to try and tell
the story of modern India through the eyes of an entrepreneur.The Hurun India Philanthropy List ranks the most generous individuals in
India and is now in its 5th anniversary. Indians give much more generously
than many have previously understood.

In 2018, Hurun Report launched the Hurun India Women Rich List, aimed at
celebrating the success stories of some of the most amazing women wealth
creators and inheritors.IN 2019, Hurun India Art List was launched, aimed at tracking some of the most successful artists who are alive today by way of cumulative auction prices. This we believe is a watershed moment in the art history of India,
where we expect more entrepreneurs to start collecting. IN 2019, Hurun Luxury Consumer Survey was debuted to understand and speak about spending habits of ultra-high net worth individuals.

For the full details, please refer to on  http://www.hurunindia.net
www.hurunindia.net.

Be the first to comment on "Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row"

Leave a comment

Your email address will not be published.


*