India’s billionaire population is expanding at an unprecedented pace, with the country adding more than one billionaire every week in 2025, according to the latest Hurun India Rich List 2025 released on Wednesday. The M3M Hurun list shows that India now has 350 billionaires, six times the number recorded when the list was first published 13 years ago.
The 14th edition of the Hurun India Rich List features 1,687 individuals with wealth exceeding Rs 1,000 crore, including 284 new entrants. Over the past five years, the total number of billionaires has risen by 859, while wealth has grown at a rate of Rs 1,991 crore per day. The combined wealth of all listed individuals stands at Rs 167 lakh crore, surpassing Spain’s GDP and equalling nearly half of India’s GDP.
Despite this growth, the average wealth per individual dipped slightly to Rs 9,850 crore from Rs 10,320 crore last year, affected by global trade tensions and geopolitical factors.
The report highlights that India’s top 10 richest are becoming wealthier and younger, with the entry bar rising to Rs 1.83 lakh crore and the average age dropping to 69 years. These top 10 billionaires collectively hold 28% of the total wealth of the rest of the list.
Startups and self-made entrepreneurs are driving this surge, with 97 startup founders making the 2025 list, including 46 newcomers. Notably, 74% of new entrants are self-made, reflecting India’s growing ecosystem for wealth creation outside traditional industries.
Sectors such as pharmaceuticals (137 billionaires), industrial products (132), and chemicals & petrochemicals (125) dominate the list. Geographically, Mumbai leads with 451 billionaires, followed by New Delhi (223) and Bengaluru (116).
Women are increasingly making their mark, with 101 entrants this year, including 26 dollar billionaires, while the average age of listers remains 65 years. Remarkably, 20 individuals born in the 1990s have joined the elite billionaire club, highlighting the rise of younger wealth creators in India.