Hyderabad’s Top Billionaires in 2024 Hurun Rich List

Hyderabad: Hyderabad has risen to third place in the 2024 Hurun India Rich List, with 104 billionaires, surpassing Bengaluru for the first time. The city is now ranked just behind Mumbai, which leads with 386 billionaires, and New Delhi, which holds the second position with 217 billionaires. Hyderabad has seen a significant increase, with 17 new billionaires joining this year.

Telangana, the state with Hyderabad as its capital, has made significant economic progress and now ranks fifth among Indian states in terms of the number of billionaires. The 2024 Hurun India Rich List now features over 1,500 entrants, indicating a 150% increase over the past seven years. The number of billionaires in India has surpassed 300, with 334 USD billionaires, marking a six-fold increase since the list was first published 13 years ago.

Hyderabad’s rise above Bengaluru highlights the city’s increasing importance as a center for wealth generation.

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List of Hyderabad billionaires:

Murali Divi and Family: The founder of Divi’s Laboratories, Murali Divi, is the wealthiest in Hyderabad with a net worth of Rs. 76,100 crores. He ranks 26th nationally.

C. Venkateswar Reddy: Associated with Aparna Constructions, Reddy is among the top ten biggest gainers in terms of wealth growth percentage in 2024.

S. Subramanian Reddy: Also of Aparna Constructions, Reddy is recognized among India’s top ten biggest wealth gainers over the past five years.

Ponguleti Harsha Reddy: At just 30, Reddy, son of Congress Minister Ponguleti Srinivas Reddy, has accumulated a wealth of Rs. 1,300 crores.

P. Pichi Reddy: Chairman of Megha Engineering (MEIL), Reddy is the richest individual in the construction and engineering sector with a wealth of Rs. 54,800 crore.

Other prominent people from Hyderabad

P.V. Krishna Reddy (MEIL) – Rs. 52,700 crores
G.M. Rao (GMR Group) – Rs. 36,300 crores
P.V. Ramprasad Reddy (Aurobindo Pharma) – Rs. 35,100 crores
Bandi Prasad Reddy (Hetero) – Rs. 29,900 crores
Prathap Reddy (Apollo Hospitals) – Rs. 28,400 crores

In a high-profile acquisition, Nilima Prasad Divi, daughter of Murali Divi, recently purchased two properties in Hyderabad valued at a combined Rs. 80 crore.

While Mumbai continues to dominate with 66 new entrants this year, Hyderabad’s impressive rise highlights its growing economic significance.

Top Wealth Growth in India

The top ten individuals and families with the highest wealth growth over the past five years are:

1. Gautam Adani and Family – Rs. 11,61,800 crores
2. Mukesh Ambani and Family – Rs. 10,14,700 crores
3. Shiv Nadar and Family – Rs. 3,14,000 crores
4. Cyrus S. Poonawalla and Family – Rs. 2,89,800 crores
5. Dilip Shanghvi – Rs. 2,49,900 crores
6. Kumar Mangalam Birla and Family – Rs. 2,35,200 crores
7. Gopichand Hinduja and Family – Rs. 1,92,700 crores
8. Radhakishan Damani and Family – Rs. 1,90,900 crores
9. Azim Premji and Family – Rs. 1,90,700 crores
10. Niraj Bajaj and Family – Rs. 1,62,800 crores

India minted a new billionaire every five days last year. Notable new entrants to the 2024 Hurun India Rich List include Shah Rukh Khan, who debuted with a wealth of ₹7,300 crore, driven by his stakes in Kolkata Knight Riders and Red Chillies Entertainment. Other prominent figures from the entertainment industry include Juhi Chawla, Hrithik Roshan, Karan Johar, and Amitabh Bachchan.
Among women, Radha Vembu (51) of Zoho remains the wealthiest self-made Indian woman, while Neha Bansal, co-founder of Lenskart, is the youngest self-made woman entrepreneur on the list at 42.

In astrology, Cancer sign leads in the wealth growth, followed by Gemini and Leo. Overall, Gemini and Scorpio are the most successful entrepreneurial signs in India, with 9.9% and 9% representation, respectively, followed by Pisces and Aries.

#RichieRich—Congress Minister @mpponguleti’s son Harsh Ponguleti (30YO), owns Raghava Constructions India is among the richest under young category. He clocks wealth of Rs 1300Cr.

MEIL’s Pichi Reddy stands at 8th among richest industrialists.

Murali Divi is among Super rich. pic.twitter.com/1ny5T1ld7a

— @Coreena Enet Suares (@CoreenaSuares2) August 29, 2024

City of Billionaires: Hyderabad Ranks Third in Hurun India Rich List 2024, Telangana Fifth Among States

Hyderabad has emerged as the city with the third-highest number of billionaires in India, according to the 2024 Hurun India Rich List. With 104 individuals making the list,… pic.twitter.com/XmBAX6HB83

— Sudhakar Udumula (@sudhakarudumula) August 29, 2024