Pharma King, Dilip Shanghvi breaks into top 3 for the first time and Hurun Report finds 141 individuals with US$300m or more, up 41 from last year.

• 101 individuals saw their wealth increase or retained while only 40 individuals saw their wealth decrease compared to last year. 
• Despite a wealth decrease of 2% and 6%, Ambani and Mittal continue to hold onto the top two places with fortunes of US$18.9bn and US$15.9bn.
• Pharma King, Dilip Shanghvi (58) of Sun Pharmaceuticals breaks into Top 3 for the first time, with a 66% surge in his wealth to US$14.1bn - up from US$8.5bn last year predominantly due to 85% rise in stock price. 
• Madhu Kapur (50),wife of late Ashok Kapur, co – founder Yes Bank is the only female millionaire who entered Hurun India Rich List 2013
• Dominance of Mumbai, Delhi and Bengaluru in Hurun India Rich List 2013 is diminishing whilst Dubai has shot up
• Manufacturing, Pharmaceuticals and Real Estate created most number of millionaires
• 64% of the Hurun India Rich List 2013 are self-made, a 200bps increase from the Hurun India Rich List 2012 
• Bollywood superstar Shah Rukh Khan breaks into the list with US$400 million fortune 
• The only self-made woman in the list is Kiran Mazumdar-Shaw, with a net worth of US$ 700 million.
• Youngest self-made individual is Sameer Gehlaut (39), with a net-worth of US$ 300m founded India Bulls in the year 1999. Indiabulls is currently the leading technology enabled investment brokerage firm in the country. 
• Of the 46 new entrants, majority of the new entrants belong to the manufacturing sectors, followed by Pharma and Engineering. 
• The millionaires in the Hurun India Rich list 2012, has a good year. Average net worth of millionaires in Hurun India Rich list 2012 increased by US$100m in 2013. 

Despite the Rupee dropping 14% against the US Dollar, it has been a good year for India's richest, with 101 individuals on the Hurun India Rich List seeing their wealth increase/ retained and only 40 seeing their wealth decrease.
 
Energy Tycoon Mukesh Ambani(56) of Reliance,toppedthe list of 141 individuals with more than US$300 million for the second year running, according to the second edition of Hurun India Rich List 2013 released today.  During 2013, he invested INR 1.2 billion into infrastructure.
 
London-based L N Mittal (63), the steel tycoon who rose from humble beginnings as a scrap metal dealer in one of India's poorest states to set up ArcelorMittal (the world's largest steel making company), retains his number two position with an asset of 15.9 billion dollars – a decline of 6 per cent as compared to last year.
 
Dilip Shanghvi (58), founder of Sun Pharmaceuticals, India's second largest drug maker, broke into the Top 3 for the first time with a 66% surge in his wealth. This rise in stock price was supported by the expected sales of the cancer drug Doxil, following Janssen Pharma Inc's admission of shortage of the drug supply.
 
Mukesh Ambani's junior sibling Anil Ambani, of Anil Dhirubhai Ambani Group, occupies 11th position with a personal fortune of 7.1 billion dollars. His wealth has gone up by 34% percentage, resulting in promotion of his position by 2 ranks; thanks to superb performance of Reliance Communications (a 135% increase in market cap).

Feroz Alana is the richest new entrant with US$ 2.6bn, followed by MA Yusuf Ali of the EMKE group with a net worth of US$ 1.9bn. With 18 millionaires, GCC is the home to most of the new entrants in the Hurun India Rich List 2013. Mumbai has 11 new entrants followed by Chennai thatwhichhas 3 new entrants.
 
Bollywood superstar Shah Rukh Khan, who has set up Red Chillies Entertainment, is also a force to be reckoned with, having a ranking of 114 and a personal asset of 400 million dollars.
 
The minimum cut off mark for finding a place in this year's coveted list was US$ 300m. Wealth calculations are a snapshot of 18 October 2013 when the rate of exchange to the US dollar was Rs 61.5.
 
The total wealth of India's Top 100 increased to US$ 250bn from US$ 221bn compared to last year.

46new millionaires found entry in the coveted list and 5 from the Rich List 2012 could not make 2013's cut off mark of US$ 300m.

Manufacturing continued to be the main source of wealth in India with 17% of the rich list, followed by pharmaceuticals and real estate, which have both seen their percentages drop slightly to 11% and 9%, down from 12% and 10% respectively. Other industries that have had a good year include financial services and healthcare.
 
Men dominate this year's Hurun India Rich List with just 4% of it occupied by women. Steel baroness Savitri Jindal (62), the non-executive chairperson of O P Jindal Group, is the richest Indian woman with a personal fortune pegged at 5.1 billion dollars. She is followed by Indu Jain (77), the only female billionaire who has gained position in rankings. She jumped 4 ranks -- up from a ranking of 33 in 2012 to 29 this year.
 
Anu Aga (energy), Kiran Mazumdar-Shaw (pharmaceuticals) and Shobhana Bhartia (media and entertainment) are the third, fourth and fifth richest Indian women, respectively. A new addition to the list is Mumbai-based Madhu Kapur (financial services), who occupies the sixth position. Interestingly, all the women in the list (except Savitri Jindal) increased their wealth during 2013.
 
Whilst Mumbai continues to be the capital for India's superrich, its dominance has dwindled slightly to 33%, down from 36% last year.  Ditto with Delhi and Bangalore, whose percentage of the richest individuals reduced to 16% and 11%, down from 22% and 15% respectively. The big story has been the surge in India's superrich residing in Dubai, now making up 9% of the list, up from just one person last year.  Nine regions saw a new richest individual, led by Shiv Nadar, who took over from Kushal Pal Singh as the richest individual in Delhi.
 
Azim Hashim Premji (68), who owns 57% of Wipro, is not only the richest South Indian, but also the fourth richest Indian with an asset of 12 billion dollars. This is despite a whopping US$ 1bn contribution to charity; thanks to a 38% gain in Wipro's share price.
 
A total of 23 High Net Individuals (HNI) featuring in this year's list are based outside of India. They include leader of the pack L N Mittal (London), Micky Jagtiani (Landmark Group, Dubai), Anil Agarwal (Vedanta Resources, London), Feroz Allana (IFFCO, Sharjah), Ravi Pillai (Ravi Pillai Group, Dubai), Chhabria Family (Jumbo Group, Dubai), and B K Modi (Spice Group, Singapore).
 
"The India Rich List is the most serious attempt to identify the country's top entrepreneurs and measure their holdings. It is an account of several exciting insights and trends of wealth patterns and demographic and geographic spread of wealth in India. These factors give it a stamp of uniqueness," said Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher.
 
Kumar Mangalam Birla (46), chairman of Aditya Birla, is the sixth richest man. His net worth stands at US$ 8.4bn, which is a 45% increase from the year 2012. He has moved up the ladder from 10 to 6, the main reason being the stock prices of Aditya Birla Nuvo and Ultra Tech cements registering a robust growth of 60 % and 66% respectively.
 
Adi Godrej (71), the head of Godrej group of companies, comes next with 8.1 billion dollars.  Godrej's fortune is up with the rising value of the 3,500-acre estate in suburban Mumbai, which is considered the family's biggest asset. He overtook Pallonji Mistry to be the richest Parsi.

Pallonji Mistry (84), with an asset of 8 billion dollars, is the 8th richest Indian and also the second richest person in the world of the Parsi descent next to Adi Godrej. He controls a construction empire that operates across India, West Asia and Africa. He, along with his sons, also controls a stake in Tata Sons, making the Mistrys the largest individual shareholders in India's most diversified business conglomerate.
 
Fifty-six year-old telecom mogul Sunil Mittal is the 10th richest in the list with an estimated net worth of US$ 7.3bn. Bharti Enterprises, the largest GSM-based mobile phone service provider in India, has showed an upward movement in the stock prices by 42%, which has pulled Sunil Mittal in the top 10 as compared to the 11th position a year earlier.
 
This year's Hurun Rich List reveals some interesting nuggets of information.

• Sixty-four per cent of the individuals in the list are self-made millionaires.
• The Indian stock exchanges were the preferred place to list followed by London and Singapore.
• The average age of the Top 100 is 63 years.
• The youngest person on the list is Shivinder Mohan Singh at 38 years old while the oldest, Keshub Mahindra, is 90 years old.
• There are four millionaires below the age of 40.
• Dubai emerged as the most preferred overseas location for Indian businessmen.

"Despite a sluggish economic growth of around 5%, a good show by the majority of the millionaires/billionaires in the Hurun Rich List 2013 demonstrates the resilience of Indian corporates during these tough times," said Anas Rahman Junaid, Publisher at Large, Hurun Report India.

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