Billionaires in India: a record 391 on Hurun’s 2026 list, from 237 five years ago

India has a record 391 dollar billionaires, according to the M3M Hurun India Rich List 2026, up by 27 in a year and from 237 five years ago. The list, released on 23 September 2026, ranks 1,810 people with wealth of at least ₹1,000 crore, and together they hold ₹187.5 lakh crore, about $1.96 trillion, or roughly half of India’s GDP, as reported by Business Standard. 1

How many billionaires are there in India?

Measure	Figure	Source
Dollar billionaires in India, 2026	391, including 76 new entrants	Hurun
Dollar billionaires five years ago	237	Hurun
People worth at least ₹1,000 crore	1,810, up 128 in a year	Hurun
Combined wealth of the list	₹187.5 lakh crore (about $1.96 trillion)	Hurun
Billionaires on Forbes’ real-time list	237 Indians, third in the world	Forbes, 12 Nov

Forbes counts 237 Indian billionaires on its real-time list on 12 November, behind the United States (1,007) and China (510), according to BillionaireTracker. Hurun’s count is higher because it uses a different set of people, treats families differently and values assets on its own date. 12

Where do India’s billionaires live?

Mumbai has the largest concentration, with 465 people on the Hurun list and 93 billionaires, and ₹53.21 lakh crore of wealth. New Delhi has 236 listers and 68 billionaires, followed by Bengaluru (129), Hyderabad (114) and Chennai (96). Nine towns entered the list for the first time, including Bagalkot, Solan, Mandi Gobindgarh and Mirzapur. A total of 156 listers live abroad, including 90 in the United States, 31 in the UAE and 16 in the UK. 1

What industries make India’s billionaires?

Industrial Products is the largest sector on the list with 166 entrants, followed by Chemicals with 142 and Pharmaceuticals with 136. Wealth in Aerospace and Defence rose 69% like for like, and Green Energy and Industrial Products rose 31% each, while consumer sectors fell, with Consumer Durables down 21%. AI is a new category with 19 entrants worth ₹3.07 lakh crore, and 13 of the 19 live outside India. Our guide to tech billionaires in India covers the technology names. 1

How concentrated is India’s billionaire wealth?

The 23 people worth more than ₹1 lakh crore each hold ₹54.21 lakh crore, or 28.9% of the list’s wealth, up from two such people a decade ago. At the other end, 1,157 people in the ₹1,000 to ₹5,000 crore band hold 14.2%. The two largest fortunes, Gautam Adani and Mukesh Ambani, no longer outweigh the eight behind them. 1

Are India’s billionaires self-made?

A record 1,266 entrepreneurs, or 70% of the list, are self-made, up from 55% five years ago. The youngest entrant is Kaivalya Vohra of Zepto, 23, and the average age on the list is 64. See our report on the self-made billionaires in India. 1

How big is a billionaire compared with a crorepati?

A crorepati has at least ₹1 crore. The entry bar for Hurun’s list is ₹1,000 crore, which is 1,000 times more, and a dollar billionaire needs roughly ₹9,600 crore at ₹95.88 to the dollar. The weaker rupee keeps people out of the dollar-billionaire count: at the 2014 exchange rate, Hurun says India would have 559 billionaires with the same fortunes. 13

What happens next

Hurun’s next list is due in 2027, and Forbes’ real-time figures move daily. Wealth is spreading beyond the top: the top 100 threshold rose to ₹33,000 crore from ₹30,190 crore. For the rankings, see the top 10 richest people in India and our guide to the Hurun India Rich List 2026.

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