Forbes launched its record of ‘World’s Billionaires’ for 2024 this week, which featured 200 Indians, up from 169 final 12 months. Indians on the record amassed a staggering $954 billion, a 41% enhance of their wealth from the earlier 12 months’s $675 billion held by 169 billionaires.
Out of the 200 Indians on the record, 25 featured on it for the primary time.
A outstanding identify on this record is Vijay Agarwal, who established Motion Development Tools, an organization specializing in manufacturing development gear.
Agarwal is the chairman and managing director of the corporate, which produces hydraulic cell cranes, tower cranes, loaders, tractors, and agri-harvesters, all below Ace.
The corporate derives almost 70 per cent of its income from the cranes phase. It holds a 63 per cent share within the cell cranes market and 60 per cent in tower cranes market domestically.
In 1995, Agarwal, an FMS alumnus, left a Rs 30,000 a month wage to arrange his personal crane manufacturing firm.
In January in that 12 months, Agarwal arrange his enterprise, below a tent in Faridabad, close to his earlier office.
With a modest funding of simply Rs 15 lakh sourced from his financial savings and provident fund, Agarwal initiated his entrepreneurial endeavor.
At this time, his web value stands at an estimated $1.5 billion.
Topping this 12 months’s record is Mukesh Ambani, chairman of Reliance Industries, with a web value of $116 billion. A rise of 39.76 per cent to $83 billion final 12 months makes him the primary Asian to interrupt into the $100 billion membership.
Ambani retained his place because the ninth richest individual on the earth and each India’s and Asia’s richest individual.
Gautam Adani, chairman of the Adani Group, is the second richest Indian, with a web value of $84 billion.
The richest lady in India is Savitri Jindal, now the fourth richest Indian, up from sixth a 12 months in the past. She has a web value of $33.5 billion.
Among the many debutants embrace Naresh Trehan (managing director of Medanta), Ramesh Kunhikannan (managing director of Kaynes Expertise), and Renuka Jagtiani (chief government officer of Landmark Group).