Hyderabad Overtakes Bengaluru in 2024 Hurun India Rich List: Hyderabad has risen to become the city with the third-highest number of billionaires in India, according to the 2024 Hurun India Rich List. The city now boasts 104 billionaires, surpassing Bengaluru for the first time and following Mumbai, which leads with 386 billionaires, and New Delhi with 217. This year, Hyderabad has welcomed 17 new billionaires.
Telangana, as a state, ranks fifth in the country for the number of billionaires, reflecting its growing economic influence.
Key Highlights from Hyderabad:
Murali Divi and his family, founders of Divi’s Laboratories, are the fourth richest pharmaceutical industrialists in India, with a wealth of ₹76,100 crore. Murali Divi is ranked 26th in the country and first in Hyderabad.
C. Venkateswar Reddy of Aparna Constructions is one of the top ten biggest gainers in wealth growth percentage in 2024 nationwide.
S. Subramanian Reddy of Aparna Constructions is among the top ten biggest wealth gainers over the past five years in India.
Ponguleti Harsha Reddy, at just 30 years old and son of Congress Minister Ponguleti Srinivas Reddy, stands out as one of Hyderabad’s wealthiest individuals with a net worth of ₹1,300 crore.
P. Pichi Reddy of Megha Engineering (MEIL) is the richest individual in the construction and engineering sector with a wealth of ₹54,800 crore.
Other Notable Names from Hyderabad:
P.V. Krishna Reddy of MEIL (₹52,700 crore), G.M. Rao of GMR Group (₹36,300 crore), P.V. Ramprasad Reddy of Aurobindo Pharma (₹35,100 crore), Bandi Prasad Reddy of Hetero (₹29,900 crore), and Prathap Reddy of Apollo Hospitals (₹28,400 crore) are also among the top 100 richest individuals in India.
In a significant acquisition, Nilima Prasad Divi, daughter of Murali Divi, recently purchased two properties in Hyderabad valued at ₹80 crore.
While Mumbai remains the top city with 66 new entrants this year, followed by New Delhi, Hyderabad’s impressive rise over Bengaluru underscores its increasing prominence as a major hub for wealth creation.
Also Read: Adani Overtakes Ambani as India’s Richest in 2024
