In India, Mumbai is considered as the city with the most billionaires and millionaires with 37 billionaires and 46,000 millionaires. Delhi comes next with 23,000 millionaires and 18 billionaires of the city.
What does it really mean to be considered rich: The Net worth is the amount by which assets exceed liabilities. High net worth individuals are those who possess at least 1 million USD in cash or assets that can be converted into cash which means their assets exceed their liabilities by 1 million USD at the point of time when economic surveys to map the rich individuals are carried out like Forbes, Barclays Hurun India rich list. In India there is no such parameter. People with possession of Rs 1 Crore are considered a high net worth individual.
Different paths to wealth: There are 2 kinds of rich people here, the ones that are self made and are first generation rich and the ones that have inherited wealth from their families and Delhi is home to both type of rich people.
Those who have started their businesses and enterprises on their own and have created a big wealth.
- Ritesh Agarwal: He is the founder and CEO of OYO and has a net worth of 1.8 billion USD. He moved to Delhi in 2011 and dropped out of college to start the initial version of OYO.
- Shamsheer Vayalil: A doctor by profession, he has a net worth of 1.5 billion USD. His group owns the Rockland Hospital chain in Delhi.
This is inherited money and comprises people who have inherited wealth or businesses.
- Vikram Lal: Delhi’s second richest man, according to Forbes he has a net worth of $4.7 billion. Inherited the motor vehicle business from his father who started a company called Goodearth in 1948.
- Roshni Nadar: One of the richest women in the country with a net worth of US$ 5 billion is the daughter of the richest man in Delhi.
The richest man in Delhi is Shiv Nadar who is an Information Technology giant and the founder of HCL , with a net worth of Rs 37,400 crore or US$14.8 billion. He is considered to be an IT pioneer in the country. He is one of the leading philanthropists of the country who donated $ 662 million to his charity towards educational use.