Last Updated on 09/08/2024 by wccexam Desk
Reliance Industries Chairman and Managing Director Mukesh Ambani’s family is India’s most valuable business family. A new report claims that the country’s richest family is that of Mukesh Ambani, who has a value of $309 billion (Rs 25.75 lakh crore). The value of this family’s total business is equal to 10% of India’s GDP.
After the Ambani family, the Bajaj family is in second place in the list of the richest families in the country, whose business is valued at Rs 7.13 lakh crore. Among the first generation business families of the country, the Adani family, with the support of the next generation, is in first place with a value of Rs 15,44,000 crore.
Adani not in top 10
The Bajaj family, led by Neeraj Bajaj, is second on the list with a net worth of Rs 7,12,700 crore, followed by the Kumar Mangalam Birla family with a net worth of Rs 5,38,500 crore. The Gautam Adani-led group, with a net worth of Rs 15,44,500 crore, did not make it to the top 10 rankings due to its status as a first-generation family business.
Related news
- Ampox is once again raising concerns, WHO has declared it a public health emergency for the second time in two years
- LIVE: Angry crowd entered the hospital after doing RG in Kolkata, protesters vandalized it
- Genocide case filed against Sheikh Hasina in International Criminal Tribunal, interim government will conduct investigation under UN supervision
- Mahindra Thar Roxx: Mahindra’s blast! 5 door Thar Roxx launched at a very low price, features are amazing
- Jharkhand: Lightning struck the ground during a match in Simdega, 3 hockey players died
The company said, “The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses does not include first-generation families. In the case of first-generation families, the Adani family tops the list of families founded by first-generation entrepreneurs who are supported by their next generation.”
This list ranks on the basis of value
It is worth noting that Barclays Private Clients and Hurun India have released their first 2024 Barclays Private Clients Hurun India Most Valuable Family Business List, which ranks these business families and gives complete information about the value of their businesses. This list ranks India’s most valuable businesses based on their total value. It specifically includes family-owned businesses, where a descendant of the founding family plays an active role in running the business or contributing as a board member. Valuation data is accurate as of March 20, 2024.
![Ambani Family Ambani Family](https://akm-img-a-in.tosshub.com/aajtak/inline-images/ambani-family.jpg)
This is the value of top 10 family businesses
The top 10 families listed in the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses collectively have a total value of Rs 6,009,100 crore. Ambani family’s company Reliance Industries is worth Rs 2,575,100 crore, making it the richest family business in India. Apart from this, the energy and telecom sectors have also increased their dominance.
This family is in the top 10
Other prominent names in the list include Jindal family (JSW Steel), Nadar family (HCL Technologies), Mahindra family (Mahindra & Mahindra), Dani, Choksi and Vakil families (Asian Paints), Premji family (Wipro), Rajiv Singh family (DLF) and Murugappa family (Tube Investments of India).
Source (PTI) (NDTV) (HINDUSTANTIMES)