India's Top 100 Billionaires 2026: When family wealth meets tech

OVER THE PAST couple of years, India’s new-age technology companies entering the public markets, alongside the country’s broader startup growth story, have helped create a new class of wealth. India is now home to the world’s third-largest billionaire population, after the U.S. and China. Successful IPOs and private equity exits have also contributed to the creation of a pool of more than 19,000 ultra-high-net-worth individuals (UHNWIs), defined as those with assets of over $30 million. Recent reports estimate that this number could rise to more than 25,000 by 2031.

This rapid creation of wealth is also reshaping the way India’s richest families invest. According to the “Julius Baer-EY 2026 Indian Family Office Playbook: Now, Next and Beyond” survey, family offices have doubled their allocation to private markets, with around 25% of their portfolios now directed towards alternative asset classes, compared with 15% earlier. Beyond real estate, technology is expected to be among the fastest-growing sectors in India, with its market size projected to expand from $283 billion currently to $500 billion by 2030.