Top 10 Richest People in Hyderabad in 2024: Leading Titans of the City
Updated: Oct 7, 2024, 01:04 IST
Hyderabad’s growth and entrepreneurial capabilities are emerging in the Hurun Global Rich List 2024. Hyderabad's 17 billionaires, some of the major icons, are making a unique place not only in India but across the world.
1. Murali Divi & Family – $7 Billion
Murali Divi, who is the founder of the pharmaceutical company – Divi’s Laboratories – is the wealthiest man in Hyderabad today. He stands 381st on the list of richest people in the world with $7 billion in net worth. It has grown to become a worldwide player in the pharmaceutical industry, and hence, the social capital has placed the family on a pedestal in today’s business world.
2. P. Pitchi Reddy – $6 Billion
Megha Engineering and Infrastructures’ Pitchi Reddy is 536 with $6 billion. His company is among the top infrastructural companies in India that deal in water management projects, power and transportation.
3. PV Krishna Reddy – $6 Billion
Megha Engineering and Infrastructures co-founder Krishna Reddy also possesses the same net worth of $6 billion. Currently, at 54 years old, he is the youngest among Hyderabad’s richest people. HIS leadership and strategic planning skills have influenced the growth of the company to grow internationally.
4. Rameswar Rao Jupally and Family – $4 Billion
Rameswar Rao Jupally, the founder of My Home Industries, owns a wealth of approximately $4 billion. The cement manufacturing business is essential in South India’s construction industry.
5. PV Ramprasad Reddy and Family – $3 billion
PV Ramprasad Reddy, whose Aurobindo Pharma is one of the largest manufacturers of generics in India, has a $3 billion fortune, putting him on Hyderabad’s list of wealthiest industrialists.
6. B Parthasaradhi Reddy and family – $3 billion
The next person is Parthasaradhi Reddy from Hetero Labs – one of the major pharmaceutical companies; his net worth is $3 billion. Hetero is famous for the manufacture of generic medicines, and this has helped in making health care cheaper in most parts of the world.
7. Satish Reddy, K & Family – $2 Billion
With a net worth of $2 billion, Satish Reddy, Dr Reddy’s Laboratories, Ltd.’s chairman, is on the list of the Indian dollar billionaire’s club. The company started by his father is a contender in the pharmaceutical industry and now going international.
8. G Amarender Reddylal & Family – $2 Billion
GAR Corporation is run by Amarender Reddy, who has acquired real estate business companies worth $2 billion with his major focus on Hyderabad commercial space development.
9. Coach Venkateswarlu Jasti & Family – $2 Billion
Suven Pharmaceuticals, founded by Venkateswarlu Jasti, has a huge net worth of $2 billion in drug discovery and development.
10. M Satyanarayana Reddy and Family – $2 Billion
The owner of the MSN Laboratories, M Satyanarayana Reddy, also owns $2 billion of net worth from his pharmaceutical company.
Conclusion
All these top 10 billionaires from Hyderabad have not only made fantastic wealth in their fields but also have placed Hyderabad on the world map of economic power. The picture depicts the growing industrial and entrepreneurial tone in Hyderabad and is therefore important for growth and innovation.