Divyank Turakhia the richest under 40
Media.net founder tops Hurun India-40 list with Rs12,500cr networth; It includes 45 Indian-origin entrepreneurs under 40yrs, saw 31 new entrants, of which 30 are startup founders; Bengaluru leads the pack
New Delhi: IIFL Wealth and Hurun India on Wednesday released the IIFL Wealth Hurun India 40 and Under Self-Made Rich List 2021, a ranking of the self-made entrepreneurs with a wealth of Rs1,000 crore. The list, which has 45 Indian-origin entrepreneurs aged under 40, saw 31 new entrants, of which 30 are startup founders. With a wealth of Rs12,500 crores, media.net's Divyank Turakhia, 39, topped the list, followed by co-founders of Browserstack Nakul Aggarwal, 38, and Ritesh Arora, 37, with wealth of Rs 12,400 crore each.
Yatin Shah, co-founder and Joint CEO of IIFL Wealth, which manages an AUM of $38 billion, said, "the current economic landscape coupled with the power of technology and digital solutions has created an enabling environment for emerging entrepreneurs. While many young entrepreneurs are on their way to becoming unicorns, it is encouraging to see so others who made successful exits and are now setting up investment funds to support innovative ideas and invest in other emerging entrepreneurs."
According to the latest list, 42 of the 45 entrepreneurs are residing in India, with Bengaluru hosting the highest number of IIFL Wealth Hurun India Rich Listers aged under 40. Software and Services and Transportation and Logistics, as per the observers, are the major contributing segments of wealth for entrepreneurs under the age of 40.
"Number of Under 40 self-made entrepreneurs in the Rich List rose whopping 9 times in 5 years. I expect this list to quadruple to 200 entrants in the next 5 years," said Anas Rahman Junaid, Founder and MD, Hurun India.
Over the last decade, IIFL WEALTH HURUN INDIA RICH listers cumulatively added Rs. 2020 crore per day, the fastest wealth creation in the country's history. With Rs. 7,18,000 crore, Mukesh Ambani,64, has retained the title of richest Indian title for 10th year in a row.
With Rs. 5,05,900 crore, Gautam Adani, 59, took to no.2 spot, almost quadrupling wealth from Rs. 1,40,200 cr. Adani is now second richest Asian after Ambani, overtaking China's number one, bottled water producer Zhong Shanshan.
On the realty segment, DLF's Rajiv Singh and family topped the list among real estate developers with a wealth of Rs 54,100 crore followed by Mangal Prabhat Lodha and family of Macrotech Developers with a wealth of Rs 42,500 crore. The list also has four new faces in the top ten, led by steel magnates Lakshmi Mittal, 71, of
ArcelorMittal and Kumar Mangalam Birla, 54, of Aditya Birla group, on the back of resurgence in global economy.