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Patanjali CEO Acharya Balkrishna among top 10 richest Indians

Patanjali CEO Acharya Balkrishna among top 10 richest Indians”

The combined wealth of India's richest is worth $640 billion, equivalent to one-fourth of India's GDP a year ago and similar to the GDPs of Switzerland ($660 billion) and the combined GDP of South Africa ($317 billion) and Israel ($340 billion). Despite Balkrishna's meteoric rise, the founder of D-Mart Damani was the biggest gainer with a growth of 320 percent. His wealth is 50 per cent more than GDP of Yemen, the country of his birth.

However, it was Patanjali Ayurveda's Acharya Balkrishna (45) who jumped to the eighth position from 25 last year after seeing his wealth grow 173 per cent to Rs 70,000 crore, registering one of the biggest increase in the last year. With the turnover of Rs 10,561 crore in FY17, Patanjali has been a close competition to major global brands, the agency said.

Acharya Balkrishna, CEO of Patanjali is now officially part of India Rich List Top 10.

The Hurun India Rich List shows that India has added a staggering 704 individuals to its list of billionaires, while 16 among them have doubled their assets.

The biggest gainer (321 per cent) as per the Hurun report was Damani, the 62-year-old chairman of Avenue Supermarts, followed by Anurang Jain and family of Endurance Tech with a rise of 286 per cent. As per the official release, the wealth calculations are a snapshot of networth of living individuals as of July 31, 2017 when the rate of exchange to the United States dollar was Rs 64.1. The list also included Divyank Turakhia of Media.net at 34, an youngest self-made billionaire. He joins five other self-made individuals under-40, all from new technology businesses. Hurun India Rich List has eight self-made women this year, compared to two in last year. There are 136 billionaires this year, a record since the inception of Hurun Rich List in 2012.

"The total number of rich list entrants increased 6 times since we launched the list six years ago; a good indication that Indian entrepreneurs are coming of age with global ambitions", Hoogewerf added.

Hurun India Rich List is a list of the richest people in India with a cut-off at Rs 1,000 crore. With 182 individuals, Mumbai is the capital for India's super-rich, followed by New Delhi (117) and Bengaluru (51). Chennai and Kanpur enter the top 10 cities for the first time with 15 and 8 new additions, respectively. "This year, we have expanded the list to highlight the success stories of some of the emerging entrepreneurs" said Anas Rahman Junaid, Hurun Report India, Managing Director and Chief Researcher.

Kushal Pal Singh of DLF is the richest real estate billionaire with Rs 27,400 crore.

Dilip Sanghvi (61) of Sun Pharma retains the second place with a wealth base of ₹89,000 crore although shares of his flagship company fell 36 per cent after the USFDA put the company under a scanner for regulatory breaches. There are 18 new cities in this year's list.



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