India's dollar billionaire count has reached 334, rising by 29 percent on year, the Hurun India Richlist released on August 29 said, with a new billionaire being added every five days last year.
With 17 entrants to the Hurun list, Hyderabad has pipped Bengaluru for the first time to feature at the third spot on the rich list, with Mumbai and New Delhi taking the top two positions in terms of new additions.
Founders of Razorpay - Harshil Mathur and Shashank Kumar - were the youngest billionaires on the list, both aged 33. The youngest entrant to the richlist is 21-year old Kaivalya Vohra of Zepto, with his co-founder Aadit Palicha second youngest on the list at 22 years of age. The list this year boasts of 11 people born in the 90s.
This year, the Hurun Richlist has found 1539 people with Rs 1,000 crore or more, adding 272 names to the total list.
Bollywood actor Shah Rukh Khan made it to the richlist for the first time, at 58 years of age, with a wealth of Rs 7,300 crore, powered by his stakes in IPL team Kolkata Knight Riders and film production company Red Chillies Entertainment.
The founder and chief researcher at Hurun India, Anas Rahman Junaid said the country is emerging as the wealth creation engine of Asia. "While China saw a 25 percent decline in its number of billionaires, India experienced a 29 percent increase, reaching 334 billionaires," he said, adding that the composition of the list offers a glimpse of the future trajectory of the Indian economy.
This is being updated
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