19-year-old entrepreneur becomes latest entrant on India’s rich list

India’s 19-year-old entrepreneur and founder of grocery delivery app Zepto, Kaivalya Vohra, became the latest person to join the rich list club of 1,103 Indians across 122 cities, who now have cumulatively accumulated their wealth of Rs 100 trillion, according to IIFL Wealth Hurun India Rich List 2022.

The report said that 221 billionaires made it on the 2022 list, down 16 compared with last year, while 13 people born in the 1990s have been added—all of whom are self-made, including the Vohra.

The report further noted that these 1,103 Indians have a net worth of Rs 10 billion each — an increase of 62 per cent over five years.

“Cumulative wealth has increased by 9.4 per cent, while average wealth has decreased by 1 per cent. 602 individuals saw their wealth increase or stay the same, of which 149 are new faces, whilst 415 saw their wealth drop and there were 50 dropouts,” IIFL Wealth and Hurun India said in a statement.