India’s youngest billionaires in 2025 are Razorpay’s co-founders Shashank Kumar and Harshil Mathur.
The duo, each 34 years outdated, have a web value of ₹8,643 crore every, in keeping with the Hurun International Wealthy Listing 2025.(EY India)
The duo, each 34 years outdated, have a web value of ₹8,643 crore every, in keeping with the Hurun International Wealthy Listing 2025.
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As compared, China’s youngest billionaire, Wang Zelong who inherited a stake of CNNC Hua Yuan Titanium Dioxide Co, is 29 years of age with a web value of the identical ₹8,643 crore.
Kumar and Mathur met whereas they had been college students at IIT Roorkee and based Razorpay in 2014 in Bangalore.
Previous to Razorpay, Kumar labored as a software program growth engineer at Microsoft, whereas Mathur labored as a Wireline Area Engineer at Schlumberger, in keeping with their respective LinkedIn profiles.
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Mathur specifically, wrote on his LinkedIn profile that they began Razorpay “after discovering the dismal state of online payments in India.”
By the top of 2021, Razorpay raised round $375 million in its Collection-F funding spherical with a valuation of $7.5 billion.
It’s backed by Singaporean sovereign wealth fund GIC, Sequoia, Ribbit Capital, Tiger International Administration, Matrix Companions India, and Y Combinator.
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The variety of billionaires in India has fluctuated considerably over the previous 12 years, with a pointy surge in 2022 the place the quantity rose to 249, pushed by post-pandemic restoration, in keeping with Hurun.
Nonetheless, a decline to 187 billionaires occurred in 2023 because of market corrections and world uncertainties, following which, the development reversed in 2024 with 271 billionaires and in 2025 with 284 billionaires, indicating “a strong recovery and continued growth.”
“The collective wealth of Indian billionaires has surpassed the trillion-dollar milestone, signalling a new era of prosperity,” stated Anas Rahman Junaid, the Founder and Chief Researcher, Hurun India. “Notably, 62% of these billionaires have experienced increased wealth, underscoring the positive economic trends sweeping the nation.”