The second edition of the Fortune India-Waterfield Advisors' study of India's richest — a definitive listing of the country's dollar billionaires — shows that the elite club is now equivalent to 25.39% of India's FY23 GDP of ₹273 lakh crore ($3.4 trillion). The collective wealth of India's uber rich swelled from ₹66.35 lakh crore ($832 billion) in 2022 to ₹69.30 lakh crore ($843 billion) this year, even as the club of billionaires expanded from 142 to 157. India's prosperity engine is not just running — it's roaring.
What's pertinent to note is that India's legacy business houses, the Tatas, the Bajajs, the Birlas, and the Burmans, stand tall in a listing peppered with first- and second-gen entrepreneurs. Barring the Mistry family whose wealth is largely tied in the privately held Tata Sons, the Godrej clan (₹1.57 lakh crore), the Bajaj family (₹1.42 lakh crore), Kumar Mangalam Birla (₹1.42 lakh crore) and the Burmans (₹82,352 crore) continue to rank among the 20 top richest Indians.
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