Nykaa’s Falguni Nayar becomes richest Indian woman
Beauty e-commerce platform Nykaa’s founder Falguni Nayar has become the richest self-made Indian.
Picture credit: LinkedIn
On Wednesday, Beauty e-commerce platform Nykaa’s founder Falguni Nayar has become the richest self-made Indian. She is also the richest female in the country, followed by Rekha Jhunjhunwala of Rare Enterprises, the company integrated by her husband and late veteran investor Rakesh Jhunjhunwala.
According to the data, during the year, Falguni Nayar & family’s wealth rose by Rs 30,000 crore, and wealth increased by 345 percent and stood around Rs 38,700 crore. On the list, among the top 10 gainers in terms of wealth addition, Nayar stood at the fifth spot and was the only female. She followed the likes of Gautam Adani, Mukesh Ambani, and Cyrus S Poonawalla.
She owns almost half of Nykaa’s share. It is now worth $6.5 billion as shares of her company rose to 89 percent as they started trading on the day. Notably, in 2012, Nayar then 49 years old started Nykaa. She aimed at giving beauty products to women and men in the country online.
However, the list also saw new entrants like Physicswallah’s Co-founders Alakh Pandey and Prateek Boob, and Zepto’s Co-founder Kaivalya Vohra, who becomes the youngest entrepreneur to enter the list at the age of 19.
Hurun India said for the first time since the launch of the rich lists, the cumulative wealth of the billionaires grew to ₹100 lakh crore, which is more than the combined GDPs of countries like Singapore, UAE and Saudi Arabia. Gautam Adani earned ₹1,600 crore per day over the last year, surpassing Mukesh Ambani as the richest Indian for the first time.
