Over 1,000 Indians now have net worth of Rs 1,000 crore: Report
NEW DELHI: For the first time ever, over 1,007 individuals in the country have a net worth of Rs 1,000 crore, the IIFL Wealth Hurun India Rich List 2021 released on Thursday showed.
The report said that India experienced a glorious decade with the richest individuals cumulatively adding Rs 2,020 crore per day -- the fastest wealth creation ever experienced by the country.
Out of these 1,007 individuals, 13 of them have more than Rs 1 lakh crore of wealth.
Even amid the pandemic situation which battered the economy, total wealth increased by 51 per cent while average wealth was 25 per cent higher.
Further, 894 individuals saw their wealth increase or stay the same, of which 229 new faces. Number of billionaires also jumped to 237 till September 15 this year.
"The number of entrants in IIFL Wealth Hurun India Rich List has grown 10 times in 10 years -- from just under 100 ten years ago to 1,007 today. At this rate, in 5 years, I expect the list to grow to 3,000 individuals," Anas Rahman Junaid, managing director and chief researcher at Hurun India said.
He also ned that the wealth of rich listers fell by 30 per cent within 2 months of the Covid pandemic as economic activities came to a standstill owing to the lockdown.
However, pent up demand accompanied with timely go nment policies, accentuated investors interest and the Nifty and sensex jumped to all-time highs.
"The bull-market valuation multiples, resulted in 9 out of 10 people in the list witnessing either an increase or retention in their wealth compared to last year, while 116 individuals doubled their wealth,” he added.
India has third largest no. of billionaires
India is adding new billionaires at one of the fastest rates.
At present, there are 237 billionaires in the country, 4 times more than what it was 10 years ago. India is also the second fastest growth in the world after China.
Mukesh Ambani retained No. 1 spot for 10th year
All these rich people are true nation builders.These 1000 people created more than 10 crore jobs.God bless you
These rich people are anndaatas for millions of people.God bless all these nation builders.India will come out from poverty when these 1000 become 10,000
Indian GDP dropped in 2020-21.But the number of super rich increased. So now money is getting con trated in few hands.
If illegal assets of all currupt po iticians and gangsters are considered, there must be another 10000 individuals in this list.
and 8 crorre are below povery lines... thank you modiji..
And how many middle class people went bankrupt in the same period?
Thanks to demonization, banks forgave loans making people more rich , demonization was done to make rich even richer
Did the survey exclude po iticians? If they were included too; that sector would have highest "1000 crorepatis"
Chanda Chor Feku
yet the country is seeing poverty and unemployment not seen since independence
And now India ranks 94 of 107 countries in Global Hunger Index - just behind Congo, Ethiopia, and Angola with same ranking as Sudan.
Ratan TATA is the real Trillioniore these Adani, Ambani etc are his secretary level people...sometimes TATA must be declare his assets U am sure he will not only India's richest but World's richest person
Yeah 1000 Indians have net worth of more than Rs1000 cr out of 138 cr Indians, what a feat I say. 50 cr below poverty line now from 22 cr in 2014. This is new India. Rich get richer, poor get poorer. Middle class hit the hardest.
How do I also become rich like that? I don't need 1000 crores but I would be happy if I get 100 crores.
Partha Pratim Saha
Then give a list of bank loan of all of them.
If you don't have talent or brain to make money or wealth,don't shower hatred and jealousy at those who have learnt it and have become successful.
a lot of jealous people here
Those who used their brains, have become rich and those who didn't use their brains are poor.....
Whii at the same time common people don't have Rs 1000 in their pocket
NATIONALISE PRIVATE WEALTH FOR PUBLIC GOOD.
Sadly, the number of people being pushed below the poverty line will be much bigger.
A divide is getting wider.