The Forbes World’s Billionaires List 2024 featured 200 Indians, of which 25 were debutants. The list of Indian billionaires has grown from 169 in 2023 to 200 this year.
Forbes released its list of ‘World’s Billionaires’ for 2024 on Wednesday, which featured 200 Indians, up from 169 last year.
Indians on the list amassed a staggering $954 billion, marking a remarkable 41% increase in their wealth from the previous year’s $675 billion held by 169 billionaires.
Out of the 200 Indians on the list, 25 featured on it for the first time.
Renuka Jagtiani
Renuka Jagtiani, with a net worth of $4.8 billion, serves as the chairperson and CEO of Landmark Group, a multinational consumer conglomerate in Dubai founded by her late husband, Micky Jagtiani, in May 2023. Under her leadership, Landmark Group employs over 50,000 people.
Ramesh Kunhikannan
Ramesh Kunhikannan has a net worth of $1.2 billion. Kunhikannan is the founder and managing director of Kaynes Technology, an electronics manufacturer based in Mysore. Established in 1989, Kaynes specialises in assembling printed circuit boards and operates eight factories across India, supplying 350 clients globally in the automotive, aerospace, and medical industries.
Kabir Mulchandani
Kabir Mulchandani is the proprietor of FIVE Holdings, a Dubai-based real estate firm renowned for its luxury party hotels and resorts across the Middle East, Spain, and Switzerland. His net worth is $2 billion. Mulchandani established the company in 2011 and intends to launch it on the Dubai stock exchange in 2025. Originally from Mumbai, he initially worked in his family’s consumer electronics business before relocating to Dubai in the early 2000s to pursue investments in real estate.
Ramesh Jaisinghani
Ramesh Jaisinghani’s net worth is $1.6 billion, and he derives his fortune from his stake in Polycab India, a company specialising in electrical wires and cables. Founded by his elder brother Inder as a trading firm in 1986, Polycab now supplies a wide range of products, including power cables, solar cables, and optical fibre cables, to industries such as power, oil and gas, and renewable energy. In 2014, Polycab expanded its product line to include electric fans, LED lighting, switches, and switchgear, eventually going public in 2019.