The Hurun India Rich List 2024 highlights the state-wise distribution of the richest people in the country with the highest net worth. The list has seen notable growth in various states since 2020, reflecting increased economic activity and wealth creation in these regions.

States with notable entries include Haryana (40), Uttar Pradesh (36) and Rajasthan (28), all seeing large increases from their 2020 figures. New entrants like Madhya Pradesh (14 ), Odisha (5), Chandigarh (5), Jharkhand (3) and Uttarakhand (3) indicate wealth creation extending beyond traditional economic centers.

Karnataka ranks sixth, with 108 entries, up from 72 in 2020, mainly driven by Bengaluru’s booming IT and start-up sectors. West Bengal has also seen significant growth, with 70 entries in 2024, up from 32 in 2020, highlighting Kolkata’s expanding business landscape.

Tamil Nadu follows closely with 119 entries, up from 65 in 2020, showcasing the state’s strong manufacturing base and diversified economy. Meanwhile, Telangana’s entries doubled from 54 in 2020 to 109 in 2024, reflecting Hyderabad’s emergence as a technology and innovation hub.

Gujarat is the third in the country, with 129 wealthy residents, up from 60 in 2020. Known for its thriving industries in sectors such as diamonds, pharmaceuticals and chemicals, Gujarat has a reputation for nurturing some of the wealthiest families of India.

Delhi ranks second, with 213 entries, a considerable increase from 128 in 2020. The increase underlines Delhi’s appeal as a major business hub and political capital, attracting high-net-worth individuals and fostering entrepreneurial growth.

Maharashtra at the top

Maharashtra retains the top spot, with a remarkable 470 entries in 2024, up from 248 in 2020. The state has consistently hosted the highest number of high-net-worth individuals, largely thanks to the robust business environment of Mumbai, known for being the financial capital of India.

This distribution reflects broader economic development across India, with wealth increasingly spread across different states rather than being concentrated only in traditional financial centers. However, it is interesting to note that the top three names remained the same compared to 2020.