India, a nation rich in cultural diversity and heritage, has produced a significant number of successful individuals who have made their mark on the global stage. Among these are Non-Resident Indians (NRIs) who have achieved extraordinary success in their respective fields. The Hurun India Rich List 2024 highlights some of the wealthiest NRIs, individuals whose entrepreneurial spirit and business acumen have not only created immense wealth but also strengthened the economic ties between India and the world.
1. Gopichand Hinduja and Family
The Hinduja family, spearheaded by Gopichand Hinduja, remains at the pinnacle of wealth among NRIs. Their vast business empire spans sectors such as automotive, finance, oil and gas, IT, and healthcare. The Hinduja Group, founded in 1914, has grown into a global conglomerate with operations in over 30 countries. Gopichand Hinduja, along with his brothers, has been instrumental in expanding the group’s influence, making significant investments in Europe, Asia, and the Americas.
Their strategic vision and diversification into various sectors have been key to their sustained success. The family’s net worth, as listed in the Hurun India Rich List 2024, underscores their position as not only the richest NRIs but also among the wealthiest families globally.
2. Laxmi Niwas Mittal
Laxmi Niwas Mittal, the Chairman and CEO of ArcelorMittal, the world’s largest steelmaking company, is another prominent figure on the list. Mittal’s journey from a modest background in Rajasthan to becoming one of the wealthiest steel magnates in the world is nothing short of inspiring. Under his leadership, ArcelorMittal has grown exponentially, with operations in more than 60 countries and a focus on sustainability and innovation in steel production.
Mittal’s keen business acumen and his ability to navigate complex international markets have solidified his position on the Hurun India Rich List 2024. His contributions to both the global steel industry and philanthropic efforts, particularly in education and healthcare, further enhance his legacy.
3. Shapoorji Pallonji Mistry and Family
The Shapoorji Pallonji Group, led by Shapoorji Pallonji Mistry, is a name synonymous with construction and engineering excellence. With a legacy spanning over 150 years, the group has been involved in some of the most iconic projects in India and abroad, including the construction of the Reserve Bank of India building and the Palace of the Sultan of Oman.
The family’s influence extends beyond construction, with significant stakes in Tata Sons, the holding company of the Tata Group. Shapoorji Pallonji Mistry’s strategic investments and the group’s expansion into infrastructure, real estate, and renewable energy have contributed to their immense wealth, securing their place on the Hurun India Rich List 2024.
4. Yusuf Hamied
Yusuf Hamied, the Chairman of Cipla, one of India’s leading pharmaceutical companies, is renowned for his contributions to the global healthcare sector. Under his leadership, Cipla has become a pioneer in producing affordable generic medicines, particularly in the treatment of HIV/AIDS, revolutionizing access to life-saving drugs in developing countries.
Hamied’s commitment to humanitarian causes, coupled with his business success, has earned him a prominent spot on the Hurun India Rich List 2024. His efforts in making essential medicines accessible to millions worldwide have not only built his fortune but also made a significant impact on global health.
5. Micky Jagtiani
Micky Jagtiani, the founder of the Landmark Group, is a retail magnate who has transformed the shopping landscape in the Middle East and beyond. Starting with a single store in Bahrain, Jagtiani has grown the Landmark Group into one of the largest retail conglomerates in the region, with interests in fashion, electronics, hospitality, and healthcare.
His entrepreneurial spirit and ability to identify market opportunities have been crucial to his success. The Landmark Group’s vast network of stores and brands across the Middle East, India, and Africa has solidified Jagtiani’s position among the wealthiest NRIs on the Hurun India Rich List 2024.
6. Ravi Pillai
Ravi Pillai, the Chairman of the RP Group, is a prominent figure in the construction and real estate industries. His journey from a small business in Kerala to becoming one of the most successful NRIs is a testament to his hard work and determination. The RP Group has completed numerous large-scale construction projects across the Middle East, contributing significantly to the region’s infrastructure development.
Pillai’s business ventures span across construction, hospitality, and healthcare, making him a significant player in the global business arena. His inclusion in the Hurun India Rich List 2024 highlights his achievements and the economic impact of his businesses worldwide.
The wealth and success of these NRIs are not merely a reflection of their financial acumen but also their contributions to various industries globally. Their stories inspire millions and underscore the potential for Indian entrepreneurs on the world stage. The Hurun India Rich List 2024 serves as a testament to their enduring legacy and the pivotal role they play in the global economy.
