India has strengthened its position among the world’s wealthiest nations, with 308 billionaires listed in the Hurun Rich List 2026, placing the country third globally after the United States and China. The report highlights India’s growing entrepreneurial ecosystem and rapid wealth creation across sectors.
According to the list, 57 new billionaires emerged in India over the past year, while 27 individuals dropped off the list, resulting in a net increase of 24 billionaires. The total wealth of Indian billionaires grew by 10 percent year-on-year, reaching ₹112.6 trillion.
Reliance Industries Chairman Mukesh Ambani continues to hold the title of India’s and Asia’s richest person, with a net worth of ₹9.8 trillion, reflecting a 9 percent rise in wealth. Gautam Adani, chairman of the Adani Group, remains the second richest Indian with a net worth of ₹7.5 trillion, despite a decline in his wealth during the year.
Among women billionaires, Roshni Nadar Malhotra, chairperson of HCL Technologies, ranked third among India’s richest individuals with a wealth of ₹3.2 trillion, making her the only woman in the country’s top ten richest list.
The report also highlighted strong growth in the healthcare sector, which produced the highest number of new billionaires, reflecting expansion in pharmaceuticals, biotechnology, and healthcare services. Cyrus S. Poonawalla, founder of the Serum Institute of India, recorded the largest wealth gain, adding ₹0.91 trillion to his fortune.
Mumbai remains India’s leading billionaire hub, hosting 95 billionaires, although Shenzhen in China has overtaken it as Asia’s top billionaire city. Meanwhile, Ritesh Agarwal, founder of Oyo, has been identified as India’s youngest billionaire at 32 years of age.
The Hurun Rich List 2026 underscores India’s rising economic influence, with innovation, entrepreneurship, and sectoral growth driving the expansion of the country’s billionaire class.
