India now boasts 308 billionaires, marking a surge of 24 individuals from the previous year, as per the Hurun Research Institute’s ‘Hurun Global Rich List 2026’. This increase propels India to the third spot globally for the highest number of billionaires, trailing behind the United States and China. The collective wealth of Indian billionaires has escalated by 10% year-on-year to Rs 112.6 trillion, with 199 individuals witnessing a boost in their fortunes.
The report highlights that while 109 billionaires faced a wealth decline or stagnation, women constitute 7% of India’s billionaire population. The billionaire landscape in India is diversifying beyond traditional sectors, mirroring the widespread economic growth across various industries. Notably, the healthcare domain welcomed the most new billionaires, with 53 additions, followed by industrial products and consumer goods with 36 and 31 new entrants, respectively.
Despite a lower number of new entrants, the energy sector emerged as the top wealth generator, amassing Rs 18.3 trillion from just eight billionaires, contributing around 16% to India’s total billionaire wealth. Mumbai retains its status as India’s prime billionaire hub, hosting 95 billionaires, although it ceded its position as Asia’s billionaire capital to Shenzhen, which now accommodates 133 billionaires. Mumbai saw the addition of 15 new billionaires, surpassing the increases in New York City (14) and London (9).
Globally, New York leads the list of billionaire cities with 146 billionaires, followed by Shanghai with 120, Beijing with 107, and London with 102. The average age of Indian billionaires stands at 67, slightly higher than the global average of 65, according to the report. Additionally, 23 Indian women billionaires collectively possess a combined wealth of Rs 9.8 trillion.
