Mukesh Ambani’s family stood at the top position among the most valuable family businesses list. According to the Barclays-Hurun India report, the Ambani family’s valuation of Rs. 25.75 trillion, is almost equal to the 10% GDP of India.
It was stated that the ranking was based on the company’s valuation as of March 2024. It also excludes private investments, and liquid assets and adjusts for cross-holdings, to prevent double counting.
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While the Ambanis are in the first position, the Bajaj family is in the second position with a valuation of Rs. 7.13 trillion. It is almost three-and-a-half times lower than the valuation of the Ambanis. The Birla family is in the third position with a valuation of Rs. 5.39 trillion.
As per the report, the interests of these top three families’ businesses are valued at $460 billion, which is equal to the GDP of Singapore.
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The Jindal family, led by Sajjan Jindal, is in the fourth place and the Nadar family is in the fifth position with respective valuations of Rs. 4.71 trillion and Rs. 4.30 trillion.
Among the first-generation families, Adani’s family is in the top position with a valuation of Rs. 15.44 trillion. It is followed by the Poonawalla family (Rs. 2.37 trillion) and the Divi family (Rs. 91,200 crore).
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