Adani tops Ambani as India's richest on Hurun list, SRK makes debut

Despite challenges following US-based short seller Hindenburg Research's report against his companies in January last year, billionaire Gautam Adani and his family top the 2024 Hurun India Rich List, after their wealth increased 95 per cent to ₹11.61 trillion.

- JADEN MATHEW PAUL & ROSHNI SHEKHAR

He replaced Reliance Industries Chairman Mukesh Ambani and his family, whose overall net worth increased by 25 per cent to ₹10.14 trillion. Ambani became the second richest Indian, according to the report.

Bollywood actor Shah Rukh Khan entered the 2024 Hurun India Rich List for the first time, with a wealth of ₹7,300 crore Adani, in the past five years, recorded the highest wealth growth among the 10 richest Indians in the list. He is the richest Asian and added ₹10.21 trillion in five years.

The group has denied Hindenburg's allegations and shares of its companies have surged this year.

Adani Ports shares increased 98 per cent, driven by improved utilisation and the proposed acquisition of new ports and container terminals, according to the Hurun report.

Energy companies - Adani Energy, Adani Gas, Adani Transmission, and Adani Power-averaged a 76 per cent growth in share price.