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India's entrepreneurial ecosystem has created significant employment, wealth and opportunities: Shajikumar Devakar

Nikhil Kamath, cofounder of Zerodha, topped the 'IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022' with a net worth of Rs 17,500 crore. Bhavish Aggarwal, the founder of Ola, came in second place (Rs 11,700 crore), and Divyank Turakhia of Media.net in third place (Rs 11,200 crore).

Kaivalya Vohra, the 19-year-old co-founder of Zepto, the instant grocery app, is the list's youngest self-made entrepreneur, while Indian-American Neha Narkhede, co-founder of Confluent, a streaming data technology company, is the list's youngest self-made woman entrepreneur. Her fortune is valued at Rs 4,700 crore, and she ranks tenth on the list.

"The current wave of start-ups and entrepreneurship has set global benchmarks and driving domestic players to compete with foreign competitors. It is encouraging to witness that the entrepreneurial ecosystem has emerged as one of the pillars of the new knowledge economy and created significant employment, wealth and opportunities," said Shajikumar Devakar, Executive Director, IIFL Wealth.

Bengaluru is the most popular place for these young wealth creators to establish a base, according to the survey, with 14 people, followed by New Delhi and Mumbai, each with eight.

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