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The richest entrepreneurs under 40 on the IIFL Wealth Hurun list have become richer by 12% in the past year

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  • India’s richest homemade entrepreneurs, named in the IIFL Wealth and Hurun rich list, saw their wealth increase by 12% in the past year.
  • Their combined wealth has grown to ₹100 lakh crore, which is much more than the combined GDP of Singapore, UAE and Saudi Arabia.
  • Zerodha founder Nikhil Kamath topped the list with ₹17,500 crore. His net worth has increased by 9% in the past year.

Nikhil Kamath of Zerodha, Bhavish Aggarwal of Ola Electric, Ritesh Agarwal of OYO have been listed among the 40 self-made entrepreneurs by IIFL Wealth and Hurun India. As many as 53 of them got on this list of entrepreneurs with net worth of ₹1,000 crore and above.

All the entrepreneurs mentioned in the list have cumulatively added wealth of ₹1.85,000 crore – a growth of 12% compared to last year.

“The current wave of start-ups and entrepreneurship has set global benchmarks and pushed domestic players to compete with foreign competitors. It is encouraging to see that the entrepreneurial ecosystem has become one of the pillars of the new knowledge economy, creating significant employment, wealth and opportunities,” said Shajikumar Devakar, Executive Director of IIFL Wealth.

Also, the wealth of these entrepreneurs grew to ₹100 lakh crore which is much more than the combined GDP of Singapore, UAE and Saudi Arabia.

“The unprecedented wealth creation over the past five years in India, as other countries grind to a halt and find themselves in recession mode, reaffirms that India is the ‘motor of growth for the global economy’,” said Anas Rahman Junaid, MD and lead researcher Hurun. India.

These are the top 10 entrepreneurs named in the 40 & under self-made rich list —

Name Wealth (in crore) Company Power change in the past year
Nikhil Kamath ₹17,500 Zerodha 9%
Bhavish Aggarwal ₹11,700 Ola Electric 56%
Divyank Turachia ₹11,200 investments -10%
Nakul Aggarwal ₹9.900 BrowserStack -20%
Ritesh Arora ₹9.900 BrowserStack -20%
Binny Bansal ₹8,100 flip card 1%
Ritesh Agarwal ₹6.300 oh yo 0%
Harshil Mathur ₹5,500 Razorpay 57%
Shashank Kumara ₹5,500 Razorpay 57%
Neha Narkhede & family ₹4.700 confluent 61%

Source: IIFL Wealth Hurun India Rich List 2022

Zerodha founder Nikhil Kamath topped the list with ₹17,500 crore. His net worth has increased by 9% in the past year.

This was followed by Ola Electric’s Bhavish Aggarwal and Divyank Turakhia at ₹11,700 crore and ₹11,200 crore respectively. Aggarwal saw his net worth increase by 56%, while Turakhia’s fell by 10%.

BrowserStack’s Nakul Aggarwal and Ritesh Arora also saw their net worth drop 20% in the past year, according to the Hurun report. Both have a net worth of ₹9,900 crore each.

Harshil Mathur and Shashank Kumar of Razorpay were ranked eighth and ninth in the top 10 list, with wealth of ₹5,500 crore. Both saw their wealth increase by 57% in one year.

Ranked at the 10th position, Neha Narkhede of Confluent is also the youngest self-made female entrepreneur in India with a wealth of ₹4,700 crore.

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