"Hurun Rich List" or simply "Hurun List," is an annual ranking of the wealthiest individuals and families in various regions around the world.
The list is compiled and published by the Hurun Report, a research and media company founded by Rupert Hoogewerf, a British accountant and entrepreneur.
The Hurun Rich List is similar in nature to other well-known wealth rankings like Forbes' Billionaires List and Bloomberg's Billionaires Index. However, it often focuses on wealthy individuals and families in China and other Asian countries, making it a valuable resource for tracking the wealth and success of business people in this region.
The list is typically based on a combination of publicly available information and proprietary research conducted by the Hurun Report. It includes details such as the estimated net worth of individuals or families, their source of wealth, and their ranking compared to others on the list.
The rankings in this list are subject to change from year to year due to fluctuations in the fortunes of the individuals and families included.
The Hurun Rich List serves as a reference for tracking the economic and financial developments in various regions, particularly in the context of the rapid economic growth and wealth creation in Asia. It provides insights into the individuals and industries driving economic growth and prosperity in these regions.
Recently, the study, titled "360 One Wealth Hurun India Rich List 2023," revealed several trends in the country's wealth distribution.
The list introduces 278 new entrants, amassing a total wealth of Rs 7,28,200 crore. Industries leading in new additions are Industrial Products with 33 individuals and Metals & Mining with 29.
Reliance Industries Limited Chairman Mukesh Ambani has reclaimed the title of India's richest individual on the Hurun India Rich List 2023, surpassing Adani Group Chairman Gautam Adani, who occupied the top spot in 2022.
One of the standout findings of this year's list is that a remarkable 1,319 individuals boast a net worth exceeding Rs 1,000 crore.
Breaking new ground, this year's cumulative wealth of the Hurun India Rich listers has surged to an impressive Rs 109 lakh crore, surpassing the combined GDP of Singapore, UAE, and Saudi Arabia.
The report has the presence of 259 billionaires in India, marking a rise of 38 compared to the previous year.
Among the listees, 1,054 individuals witnessed their wealth grow or remain stable, while 264 individuals saw a decline in their wealth, and 55 individuals dropped out of the list.
This year's list showcases the remarkable entrepreneurial spirit in India, with 64% of individuals being self-made.
Reliance Industries chairman Mukesh Ambani, Adani Group chairman Gautam Adani, Pune-based Cyrus S Poonawalla and family, promoters of Serum Institute of India, Shiv Nadar, and London-based Gopichand Hinduja are the top five personalities of the list.
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