Mar 28, 2025

India has 284 billionaires and is emerging as a financial power to be reckoned with. The report also indicates some interesting accomplishments of young Indian business moguls. The trendsetters are new start-ups such as Shashank Kumar and Harshil Mathur , who are revolutionizing India's billionaire scene. With Bengaluru and Pune emerging as influential cities, India's place on the global economic map can only improve. Razorpay founders lead India's youngest billionaire ranks New additions to the list are Razorpay fintech company co-founders Shashank Kumar and Harshil Mathur. Both the 34-year-old founders became India's youngest billionaires , both their net worths aggregating Rs 8,643 crore. Shashank Kumar and Harshil Mathur were schoolmates at IIT Roorkee. Both of them joined hands as both had the dream of innovation too and that motivated them to start Razorpay in 2014 in Bengaluru, which is the tech start-up hub. Shashank Kumar was already employed in Microsoft as a software development engineer, while Harshil Mathur was working at Schlumberger as a wireline field engineer. Razorpay had raised $375 million for its Series F round by 2021, increasing its valuation to $7.5 billion. Its achievement has been backed by some of the world's best investors in the space, such as Sequoia Capital, Tiger Global, and Y Combinator. Its achievement has made Razorpay a fintech industry giant and a success icon of entrepreneurs in India. China's youngest billionaire matches Razorpay founders' wealth Interestingly, China's youngest 29-year-old billionaire, Wang Zelong, is as rich as Razorpay founders (Rs 8,643 crore). This validates the world trend where young businesspeople accumulate their wealth in the technology and other sectors. India's billionaires demographics The Hurun Global Rich List 2025 presents some interesting facts regarding the age and wealth profile of India's billionaires: The billionaires' average age in India is 68, slightly higher than the global average of 66. Young people like Shashank Kumar and Harshil Mathur are dragging the average down, although the average is increasing. Among India's billionaire list, the one figure standing out is HCL Technologies chairperson Roshni Nadar. She placed third on the list with her net worth of Rs 3.5 lakh crore, positioning her among India's most influential women in business. India's billionaire role has expanded leaps and bounds with 284 billionaires in 2025, a record high of 13 years from the previous year. The combined net worth of India's billionaires is Rs 98 lakh crore, a third of India's GDP, higher than Saudi Arabia's GDP. Mukesh Ambani drops out of top 10 wealthiest individuals in 2025 Hurun List In the 2025 Hurun Global Rich List, Mukesh Ambani has dropped out of the top 10 wealthiest individuals list. His wealth decreased by Rs 1 lakh crore due to rising debt levels, but he remains a prominent figure in India's corporate world. This drop in ranking signals potential challenges for Ambani's businesses. Elon Musk remains the world's richest with $420 billion Topping the list is Elon Musk who remains the richest individual on Earth with a net worth of $420 billion. Second and third positions are occupied by Mark Zuckerberg and Jeff Bezos, respectively. The position indicates how the tech billionaire ruling continues at the forefront of the world of billionaires. Next Story