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Hyderabad Ranks Third in Billionaire Cities

Hyderabad Ranks Third in Billionaire Cities

Hyderabad Joins Top 10 Indian Cities with Most Billionaires

Hyderabad’s Rise Among Billionaire Cities

Hyderabad has cemented its place among the top 10 Indian cities with the highest number of billionaires, according to the Hurun India Rich List 2024, released on Thursday. With a thriving economy and a growing number of successful entrepreneurs, the city has become a significant hub of wealth in India, boasting 104 billionaires.

Surge in Billionaire Numbers in Hyderabad

Over the past year, the number of billionaires in Hyderabad has seen a significant increase. In 2023, the city was home to 87 billionaires, but this number has jumped to 104 in 2024, marking an addition of 17 new billionaires. This surge highlights the city’s robust economic environment and its appeal to high-net-worth individuals.

Hyderabad Ranks Third in Billionaire Cities
Hyderabad Ranks Third in Billionaire Cities

Top Billionaires in Hyderabad

Among the billionaires in Hyderabad, Murali Divi and his family top the list. Murali Divi, who is the founder of Divi’s Laboratories, one of the leading pharmaceutical companies in India, has a wealth estimated at INR 76,100 crore. His success has positioned him as the wealthiest individual in Hyderabad.

Following closely behind are other notable billionaires from Hyderabad:

Hyderabad has achieved a notable milestone in the 2024 Hurun India Rich List by surpassing Bengaluru for the first time, securing the third position in terms of the number of wealthy residents. The city welcomed 17 new billionaires this year, highlighting its increasing prominence in India’s wealth landscape

Hyderabad Ranks Third in Billionaire Cities
Hyderabad Ranks Third in Billionaire Cities

Hyderabad’s Position Among Indian Cities

Hyderabad’s inclusion in the top 10 billionaire cities in India is a testament to its growing economic prowess. The city ranks third, just behind Mumbai and New Delhi, which are home to 386 and 217 billionaires, respectively.

Here’s a breakdown of the number of billionaires in the top Indian cities:

Hyderabad’s Growing Economic Influence

The rise in the number of billionaires in Hyderabad is reflective of the city’s growing influence in the national economy. With its strategic location, thriving industries, and supportive business environment, Hyderabad has become a magnet for entrepreneurs and business leaders. The city’s infrastructure, coupled with a proactive government, has made it an attractive destination for investment, leading to the creation of wealth and the rise of new billionaires.

Conclusion: Hyderabad’s Future as a Billionaire Hub

As Hyderabad continues to grow economically, it is likely that the number of billionaires in the city will increase further. The city’s robust economic environment, coupled with its appeal to high-net-worth individuals, positions it as a key player in India’s wealth landscape. With ongoing developments and a focus on innovation, Hyderabad is set to strengthen its position among the top billionaire cities in India.

Passport Appointments in Hyderabad Rescheduled

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