Ambani family’s net worth equals 1/12th of India’s GDP: Hurun

Ambani Family’s Net Worth Equals 1/12th of India’s GDP: Hurun

The latest list released by Hurun India has revealed some astonishing facts about the wealth of India’s richest families. According to the report, the total wealth of the Mukesh Ambani-led Ambani family stands at a staggering ₹28.2 lakh crore, which is equivalent to 1/12th of India’s GDP. Additionally, a record 161 Indian families have joined the coveted club of billionaires, with a net worth of $1 billion or more. This is a significant increase from the 37 families who achieved this feat last year.

The Ambani family’s net worth is not the only remarkable figure in the report. The country’s 300 richest families collectively employ a staggering 20 lakh people, which is more than the population of Bahrain. This is a testament to the significant role that these families play in India’s economy, employing a large number of people and contributing to the country’s growth.

The top 10 wealthiest families in India, as per the Hurun report, are:

1. Mukesh Ambani: With a net worth of ₹28.2 lakh crore, the Ambani family tops the list. Mukesh Ambani is the chairman and largest shareholder of Reliance Industries, one of India’s most successful and diversified conglomerates.
2. Wadia Family: The Wadia family, led by Nusli Wadia, is the second-wealthiest family in India, with a net worth of ₹15.3 lakh crore. The Wadia family has interests in various sectors, including textiles, hospitality, and automobiles.
3. Tata Family: The Tata family, led by Ratan Tata, has a net worth of ₹12.6 lakh crore. The Tata Group is one of India’s oldest and most respected conglomerates, with interests in industries such as steel, automobiles, and hospitality.
4. Birla Family: The Birla family, led by Kumar Mangalam Birla, has a net worth of ₹10.3 lakh crore. The Birla Group is a leading conglomerate with interests in industries such as cement, steel, and pharmaceuticals.
5. Piramal Family: The Piramal family, led by Ajay Piramal, has a net worth of ₹8.8 lakh crore. The Piramal Group is a leading pharmaceutical company with interests in healthcare and financial services.
6. Jindal Family: The Jindal family, led by Naveen Jindal, has a net worth of ₹7.3 lakh crore. The Jindal Group is a leading conglomerate with interests in industries such as steel, power, and mining.
7. Godrej Family: The Godrej family, led by Pirojsha Godrej, has a net worth of ₹6.6 lakh crore. The Godrej Group is a leading conglomerate with interests in industries such as consumer goods, real estate, and agriculture.
8. Kumar Mangalam Birla Family: The Kumar Mangalam Birla family, led by Kumar Mangalam Birla, has a net worth of ₹6.2 lakh crore. The Birla Group is a leading conglomerate with interests in industries such as cement, steel, and pharmaceuticals.
9. Sahara Family: The Sahara family, led by Subrata Roy, has a net worth of ₹5.8 lakh crore. The Sahara Group is a leading conglomerate with interests in industries such as real estate, finance, and hospitality.
10. Chhabria Family: The Chhabria family, led by Rajan Chhabria, has a net worth of ₹5.5 lakh crore. The Chhabria Group is a leading conglomerate with interests in industries such as pharmaceuticals, textiles, and hospitality.

The Hurun report also highlights the significant increase in the number of Indian families with a net worth of $1 billion or more. In 2020, only 37 families achieved this feat, while in 2021, the number has risen to 161. This is a testament to the growing wealth and prosperity of India’s richest families.

The report also provides some interesting insights into the demographics of India’s richest families. For example, the average age of the founders of these families is around 65 years, while the average age of the second-generation heirs is around 40 years. This suggests that the torch is being passed from one generation to the next, ensuring the continuity of these families’ business empires.

In conclusion, the Hurun report provides a fascinating glimpse into the wealth and prosperity of India’s richest families. The Ambani family’s net worth equals 1/12th of India’s GDP, while the country’s 300 richest families employ over 20 lakh people. The report also highlights the significant increase in the number of Indian families with a net worth of $1 billion or more, and provides insights into the demographics of these families.