Thu Oct 10 21:33:29 IST 2024: ## Indian Billionaires Rise in 2024 Forbes List, Malayali Businessmen Feature Prominently
**New Delhi:** The 2024 Forbes list of India’s wealthiest individuals has been released, featuring several prominent Malayali businessmen among the top 100.
**Lulu Group Chairman M.A Yusuffali** tops the list for Malayalis with a net worth of $7.4 billion (₹62,160 crore), securing the 39th position in the national ranking. He has consistently held the position of Kerala’s richest individual in the Forbes list.
The **Muthoot family**, with a combined wealth of $7.8 billion (₹65,520 crore) from the holdings of George Jacob, George Thomas, Sara George, and George Alexander, occupies the 37th position.
Other notable Malayali billionaires on the list include:
* **T.S. Kalyanaraman**, Managing Director of Kalyan Jewellers, ranked 60th with a net worth of $5.38 billion (₹45,192 crore).
* **Senapathy Gopalakrishnan**, co-founder of Infosys, ranked 73rd with a net worth of $4.35 billion (₹36,540 crore).
* **Sunny Varkey**, Chairman of Gems Group, ranked 95th with a net worth of $3.5 billion (₹29,400 crore).
* **Ravi Pillai**, Chairman of RP Group, ranked 97th with a net worth of $3.4 billion (₹28,560 crore).
* **Joy Alukkas**, ranked 98th with a net worth of $3.37 billion (₹28,308 crore).
**Mukesh Ambani** remains India’s richest individual with a net worth of $119.5 billion, a gain of $27.5 billion from the previous year.
**Gautam Adani** holds the second position with a net worth of $116 billion, a gain of $48 billion.
The list saw a significant increase in the combined net worth of the top 100 billionaires, exceeding the trillion-dollar mark for the first time. This surge is attributed to the strong performance of the stock market, with the BSE Sensex registering a 30% growth in the last financial year.
First Piper 