M3M India and Hurun India Release the 15th Edition of the M3M Hurun India Rich List 202
Mumbai, 23 September 2026 : M3M India and Hurun India launched the 15th edition of the M3M Hurun India Rich List 2026, a list of individuals born or brought up in India with wealth of INR 1,000 crore or more, regardless of their current residence or passport. Wealth calculations are a snapshot as of 24 August 2026, when the exchange rate was INR 95.63 to the US dollar.
The M3M Hurun India Rich List 2026 features 1,810 individuals, up 128 from last year, across 163 cities, 106 of them in India. Their combined wealth stands at INR 187.5 lakh crore (USD 1.96 trillion), a 12.8% rise, even as the Nifty 50 fell 3.9% and the Sensex declined 5.8% over the same period. India now counts a record 391 dollar billionaires, up 27 from last year. Gautam Adani (64) & family reclaim the No. 1 spot with INR 9.23 lakh crore, ahead of Mukesh Ambani (69) & family at INR 8.63 lakh crore, while LN Mittal (76) & family climb eight places to third at INR 3.39 lakh crore. Mumbai leads with 465 individuals, followed by New Delhi (236) and Bengaluru (129). Industrial Products is the most populous sector with 166 entrants, followed by Chemicals (142) and Pharmaceuticals (136), and Artificial Intelligence enters as a sector for the first time with 19 entrants worth INR 3.07 lakh crore. A record 1,266 entrepreneurs, 70% of the list, are self-made, and 131 women feature on the list, up from 100 last year.
Dr. Payal Bansal Kanodia, Promoter, M3M India & Chairperson & Trustee, M3M Foundation, said: “The M3M Hurun India Rich List has become an important annual barometer of how India is creating, accumulating and reshaping wealth. For M3M, our association with Hurun is not merely about putting a name to a list; it is about supporting a research-led effort to understand the economic forces and entrepreneurial journeys that are shaping India’s next phase of growth. The 2026 M3M Hurun India Rich List reflects the depth and dynamism of India’s wealth-creation story. With 70% of the 1,810 individuals being self-made and 347 new entrants, it is clear that India’s entrepreneurial ecosystem continues to expand and diversify, with growing participation from younger entrepreneurs and women. As a promoter, I see the Rich List as more than a measure of wealth; it offers a window into the sectors, cities and entrepreneurial journeys shaping India’s economic trajectory. I congratulate this year’s new entrants and all the wealth creators featured. For M3M, our partnership with Hurun represents a shared commitment to documenting these shifts and understanding where Indian enterprise is headed next.”
Anas Rahman Junaid, Founder and Chief Researcher, Hurun India, said: “The M3M Hurun India Rich List 2026 captures a year in which wealth creation outpaced the stock market. Cumulative wealth rose 12.8% to INR 187.5 lakh crore, even as the Nifty 50 fell 3.9% and the Sensex declined 5.8%. Defence, manufacturing, green energy and artificial intelligence are changing both the sources of Indian wealth and the people creating it. India has a record 391 dollar billionaires, including 76 new entrants. At the 2014 exchange rate, we would have 559, with the same fortunes. Artificial intelligence makes its debut as a standalone industry with 19 individuals worth INR 3.07 lakh crore, including 15 new entrants. If you want to understand the story of wealth creation in India, the M3M Hurun India Rich List is a good place to start.”
