The Hurun Global Rich List for 2024, which was published on Tuesday, highlighted changes in the wealth landscape, particularly focusing on Indian business tycoons Mukesh Ambani and Gautam Adani for their impressive financial growth.
Mumbai has surpassed Beijing as the billionaire capital of Asia for the first time, as reported by the Shanghai-based Hurun Research Institute. The city is home to 92 billionaires, ranking third globally after New York (119) and London (97).
Mukesh Ambani, the chairman of Reliance Industries, continued to hold the title of Asia’s wealthiest individual, while Gautam Adani, the Adani Group’s founder, experienced a significant increase in wealth, elevating him to the 15th position in the worldwide rankings.
At 66 years old, Mukesh Ambani’s net worth stood at USD 115 billion, solidifying his position as India’s richest person. Despite a 40% surge in wealth, Ambani dropped one spot to claim the 10th position globally. His wealth gained significant publicity recently because of the lavish pre-wedding festivities held for his youngest son, Anant Ambani.
Gautam Adani, a 61-year-old businessman who heads the Adani Group energy conglomerate, experienced a significant increase in his wealth this year, reaching a total of USD 33 billion. This surge in wealth has propelled Adani to the 15th position in the global rankings, with a net worth of USD 86 billion. The rise in Adani’s fortune can be attributed to a boost in his companies’ stock prices, which followed a Supreme Court ruling addressing concerns raised in the Hindenburg report.
