44 New Entries into Elite Rich Club; Ambani, Adani Top 2


44 New Entries into Elite Rich Club; Ambani, Adani Top 2

Billionaire promoters figure rises by 30% over the past year; total wealth of promoters crosses the $1 trillion mark for the first time, reaching a record high of $1.024 trillion

 
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January 15, 2025 - The number of billionaire promoters in India has increased by 30% over the past year. As of December 2024, the number of billionaire promoters in India reached a record 201 from 157 at the end of December 2023 and 126 at the end of December 2022. This data was according to the market capitalisation of companies listed on the Bombay Stock Exchange (BSE). Mukesh Ambani continues to be the richest promoter in the country, followed by Gautam Adani in second place.

The total wealth of the promoters crossed the $1 trillion mark for the first time, reaching a record high of $1.024 trillion.

The total market capitalisation of all companies listed on the BSE grew by 18.9% to $5.2 trillion in 2024. In December 2023, this figure stood at $4.374 trillion.

Based on the market value of family holdings in listed companies, the total wealth of billionaire promoters was $845.5 billion (approximately Rs 70.41 lakh crore) at the end of December 2023. This saw a 21.1% increase during 2024. A total of 47 new members joined the list of billionaire promoters in the past year.

With Media Inputs

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