India’s wealth creation has reached unprecedented levels in 2025, with a record 358 billionaires identified, reflecting a strong surge in entrepreneurship, technology, and business growth. According to the M3M Hurun India Rich List 2025, there are also 1,687 individuals worth over Rs. 1,000 crore (US$ 112.7 million), highlighting the growing concentration of wealth in the country.

At the top of the list is Chairman and Managing Director of Reliance Industries Limited, Mr. Mukesh Ambani, with a family fortune of Rs. 9,50,000 crore (US$ 107 billion), solidifying his position as India’s richest individual. Close behind is Adani Group Chairman Mr. Gautam Adani, with a net worth of Rs. 8,15,000 crore (US$ 91.8 billion), reflecting strong growth in energy, infrastructure, and industrial sectors.

The top three is completed by Ms. Roshni Nadar Malhotra, Chairperson of HCLTech, who emerges as India’s richest woman with Rs. 2,84,000 crore (US$ 32 billion), highlighting the rise of female entrepreneurs in India’s technology sector. The list also showcases young achievers, including Mr. Aravind Srinivas, CEO and co-founder of Perplexity AI, who at age 31 became India’s youngest billionaire with Rs. 21,190 crore (US$ 2.39 billion), demonstrating India’s growing tech ecosystem.

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This year, the M3M Hurun India Rich List added 58 new billionaires, averaging more than one per week, underlining India’s dynamic wealth landscape and the increasing opportunities for self-made entrepreneurs. Emerging tech billionaires, real estate leaders, and self-made industrialists are shaping the new economy. Notable gainers include Niraj Bajaj & family, whose wealth rose by 43%, and Bollywood superstar Shah Rukh Khan, making his billionaire debut with a fortune of Rs. 12,490 crore (US$ 1.41 billion), reflecting India’s expanding entertainment economy.

The combined wealth of India’s richest individuals now totals Rs. 1,67,00,000 crore (US$ 1.88 trillion), nearly half of the country’s Gross Domestic Product (GDP), indicating significant wealth concentration in urban hubs and industrial sectors. Mumbai continues to lead as the city with the highest number of billionaires, housing 451 individuals on the list, followed by Delhi and Bengaluru, reflecting India’s regional economic hubs.

The 2025 list reflects several trends in India’s wealth creation:

• Technology sector growth driving new billionaires and self-made wealth creation.

• Entrepreneurial successes in traditional industries like real estate, infrastructure, and manufacturing.

• Rise of young billionaires under 35, signaling new opportunities in AI, fintech, and emerging sectors.

• Female representation growing in corporate leadership, exemplified by Roshni Nadar Malhotra’s prominence.

Overall, the M3M Hurun India Rich List 2025 highlights India’s rapid wealth expansion, the rising role of tech-driven entrepreneurship, and the sustained growth of industrial and entertainment sectors, making the country an increasingly prominent player in global wealth creation.

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