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‘Hurun India 40 & under self-made rich list 2022’ topped by Zerodha’s Nikhil Kamath

'Hurun India 40 & under self-made rich list 2022' topped by Zerodha's Nikhil Kamath_4.1

Nikhil Kamath, the cofounder of Zerodha, topped the ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’ with a net worth of Rs 17,500 crore. Bhavish Aggarwal, the founder of Ola, came in second place (Rs 11,700 crore), and Divyank Turakhia of Media.net in third place (Rs 11,200 crore).

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Key points:

  • According to Hurun, this year the number of under-40 billionaires surged to 1,103, an increase of 96. The cumulative wealth of the entrants in 40 & Under Self-made List has increased by 11% in comparison to last year, currently standing at Rs 1,83,700 crore highlighting the increasing rate of entrepreneurship that exists in the ecosystem.
  • A majority of young billionaires on the list live in India while some live abroad. The report said 47 of the 53 entrepreneurs reside in India. India’s Silicon Valley Bengaluru has the highest number of billion residents.

The Top 10 in IIFL Wealth Hurun India 40 & Under Self-Made Rich List:

Rank Name Wealth
1 Nikhil Kamath 17,500 Zerodha
2 Bhavish Aggarwal 11,700 Ola Electric
3 Divyank Turakhia 11,200 Media Network’s
4 Nakul Aggarwal 9,900 BrowserStack
5 Ritesh Arora 9,900 BrowserStack
6 Binny Bansal 8,100 Flipkart
7 Ritesh Agarwal 6,300 OYO
8 Harshil Mathur 5,500 Razorpay
9 Shashank Kumar 5,500 Razorpay
10 Neha Narkhede & family 4,700 Confluent


The IIFL Wealth Hurun India Rich List 2022 has been researched and compiled by the Hurun Research Institute for the tenth year running. The cut-off used was 31st August 2022 when the rate of exchange to the US dollar was INR 79.50. The list relates to individuals born or brought up in India irrespective of their current residence or passport.

Valuing the wealth of India’s richest is as much an art as it is a science. Sure, Hurun Research has missed some, but our endeavour has been to develop the most comprehensive report of its kind with an objective to identify and acknowledge India’s top entrepreneurs and business owners. The source of wealth includes both inherited and self-made wealth. Hurun Report’s team of researchers have travelled the length and breadth of the country, cross-checking information with entrepreneurs, industry experts, journalists and investors.

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