India's richest family in Singapore
India's richest family in Singapore
India's richest family in Singapore
News summary

The 2024 Barclays Private Clients Hurun India report highlights the immense wealth of India's top family businesses, collectively valued at approximately ₹60.09 lakh crore (around $460 billion), rivaling Singapore's GDP. The Ambani family leads the list with a valuation of ₹25.75 trillion, followed by the Bajaj family at ₹7.13 trillion and the Birla family at ₹5.39 trillion. Notably, Mumbai hosts 65 of the top 200 family-owned businesses, which together control about $1.3 trillion in market value. The report emphasizes the significant role of these businesses in India's economic stability, with 69% managed by second-generation leaders. Additionally, 15 companies on the list are led by women, showcasing a shift towards greater diversity in leadership. The rankings exclude first-generation entrepreneurs like the Adani family, which tops a separate list of such businesses valued at ₹15.45 trillion.

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