Latest news with #HurunIndiaRichList2024
News18
9 hours ago
- Entertainment
- News18
Not Kapoors, Khans, Or Bachchans: This Is Bollywood's Richest Family
1/7 Surprisingly, the second-richest Bollywood family is that of filmmaker Aditya Chopra, with an estimated net worth of Rs 8,000 crore. In comparison, the Bachchan family's net worth stands at around Rs 4,500 crore, while the Kapoor family reportedly holds assets worth Rs 2,000 crore, according to BollywoodShaadis. Prominent South Indian cinema families, such as the Akkineni and Allu-Konidela (Mega) clans, are also featured in the rankings. (News18 Hindi) 3/7 According to the Hurun India Rich List 2024, the entertainment industry, especially Bollywood, has some significant entries among India's wealthiest. At the top is Bhushan Kumar and his family, owners of the T-Series group, with an estimated net worth of Rs 10,000 crore (over $1.2 billion). That officially makes the Kumar family the richest in Bollywood. (News18 Hindi) Gulshan Kumar, the founder of T-Series, was born on May 5, 1951 in Delhi to a fruit juice vendor from Daryaganj. He left school after Class 10 and initially helped with the family business. He later began selling pirated Bollywood cassettes to meet growing demand but soon dreamt bigger. In 1983, he founded Super Cassettes Industries Ltd, popularly known as T-Series, which went on to change the face of the Indian music and film industry. (News18 Hindi) Following Gulshan Kumar's tragic death, his son Bhushan Kumar took over the company. Today, he is one of the most influential producers in Bollywood. His uncle, Krishan Kumar, who is both an actor and co-owner of T-Series, plays a major role in managing the business and adds significantly to the family's overall wealth. (News18 Hindi) Bhushan Kumar is married to actress and filmmaker Divya Khosla Kumar. The couple has a son named Ruhaan. Reports suggest Divya owns just 0.45% of the company, while Bhushan's personal wealth is estimated to be around Rs 414 crore. Recently, rumours of a separation surfaced when Divya dropped 'Kumar' from her Instagram name. However, sources clarified that the change was due to astrological beliefs. She also added an extra 's' to her maiden name 'Khosla'. (News18 Hindi) Gulshan and Sudesh Kumari married in 1975 and had three children, Bhushan, Tulsi, and Khushali Kumar. While Bhushan leads the company, Tulsi is a popular playback singer and Khushali is both a singer and actress. Media reports estimate Tulsi's net worth at Rs 250 crore and Khushali's at Rs 100 crore. From humble beginnings to building a musical empire, the Kumars have not just kept Gulshan Kumar's legacy alive, they've taken it to new heights. (News18 Hindi)
India.com
19 hours ago
- Entertainment
- India.com
Who is the richest family in Bollywood? Not Kapoors, Khans, Chopras, Khannas, or Bachchans, it is…
Home Entertainment Who is the richest family in Bollywood? Not Kapoors, Khans, Chopras, Khannas, or Bachchans, it is… Who is the richest family in Bollywood? Not Kapoors, Khans, Chopras, Khannas, or Bachchans, it is… You won't believe who is the richest family in the Bollywood. It's not the Bachchans, Kapoors, Khannas or Chopra. When it comes to the richest Bollywood families, the Bachchan and Kapoor families are usually the first to come up. But, topping the list is a family that is associated with the music industry and has given many hit songs and global anthems. Surprisingly, the second richest Bollywood family is that of Aditya Chopra, who has an estimated net worth of Rs 8000 crore. In comparison, the Bachchan family's net worth is around Rs 4500 crores, while the Kapoor family's net worth is Rs 2000 crores, according to BollywoodShaadis. What's more, prominent families from the South Indian film industry—like the Akkineni and Mega families (Allu-Konidela)—are also included in the list. Who is the richest family in Bollywood? According to the Hurun India Rich List 2024, the richest Indians come from various industries, including Bollywood. Topping the list from the film industry is the family of Bhushan Kumar, who owns the T-Series group. His net worth is estimated to be around Rs 10,000 crore (over $1.2 billion). Yes, you read that right—the Kumar family has officially acquired the title of the richest Bollywood family, surpassing some of the biggest names in Bollywood. Who was Gulshan Kumar? Gulshan Kumar was born on 5 May 1951 in New Delhi. He was the son of a fruit juice seller in Daryaganj. Leaving studies after class ten, he helped in his family's small business and later developed a keen interest in music. Initially, he sold pirated Bollywood cassettes to meet public demand, but Kumar dreamed bigger. In 1983, he founded Super Cassettes Industries Ltd. (T-Series), which revolutionized the Indian music and film industry. What did Gulshan Kumar own? Bhushan Kumar, son of T-Series founder Gulshan Kumar, is now the head of the family and business. He is one of Bollywood's most prominent producers, having given many cinematic and musical gems. His uncle, Krishan Kumar, who is also an actor and co-owner of T-Series, helps manage the company and contributes significantly to the family's net worth. Who took over the T-series? Bhushan Kumar successfully took over the reins of T-Series after the tragic death of his father, Gulshan Kumar, and has since made a huge impact in the music and film industry by carrying forward his legacy. Bhushan Kumar is married to actress and filmmaker Divya Khosla Kumar, and the couple has a son named Ruhaan. Interestingly, according to reports, Divya owns only 0.45% of the T-Series company, while Bhushan Kumar's wealth is estimated to be around Rs 414 crore. Whom did Gulshan Kumar marry? Gulshan Kumar married Sudesh Kumari in 1975, and the couple had three children – Khushali Kumar, Bhushan Kumar and Tulsi Kumar. Earlier, there were reports of a separation between the couple. However, a source close to the actress clarified that the reason Divya removed the surname 'Kumar' from her official Instagram account was due to astrological beliefs. She also added an extra 's' to her maiden name, 'Khosla'. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Entertainment News on
The Hindu
11-07-2025
- Business
- The Hindu
Why is Bollywood selling property now?
For today's celebrities, many of whom have become High Networth Individuals (HNIs), real estate has become more than just a status symbol. It has become one of their strategic investment tools. The economic liberalisation of the 1990s has opened up vast opportunities for Indian celebrities, ranging from films, brand endorsements, a growing number of multiplexes, rising international appeal, global tours, social media exposure to OTT platforms, adding tremendously to their income, according to analysts. As their earnings soared over the past few decades, many of them entered the league of HNIs and Ultra High Net-Worth Individuals (UHNIs) with a growing interest in wealth-building through diversified income streams beyond just acting and investments in assets, including real estate, they added. For example, celebrities such as Shah Rukh Khan entered the Hurun India Rich List 2024 and joined other names such as Juhi Chawla, Hrithik Roshan, Amitabh Bachchan (right) and Karan Johar. Thus, the portfolios of the celebrities today include everything from luxury residences and holiday homes to commercial offices and land, driven by a mix of personal lifestyle choices as well as long-term financial planning. Today, they are seen actively buying, selling, renting or leasing out these properties. Prime reason Recent trends show that many celebrities are selling their luxury apartments in Mumbai and elsewhere, making people curious about their moves. What are the key reasons for selling? While there is no single reason behind these decisions, tax implications and planning seems to be the prime reason behind investment in real estate. In the Union Budget 2024, the government introduced a flat 12.5% tax on long-term capital gains (LTCG) from property sales, but without the benefit of indexation. This means there's no inflation adjustment on the purchase price, so properties bought years ago could now attract significantly higher taxable gains. In a major relief, the government had allowed a grandfathering rule for assets bought before 23 July, 2024. These can still be taxed at either 20% with indexation or 12.5% without, whichever one chooses. 'To lock in these benefits and for certainty, many HNWIs and UHNIs are choosing to sell properties. Additionally, reinvesting the gains into another residential property can offer tax exemptions with a cap of up to ₹10 crore. Anything over and above will be taxed as per LTCG,' says Renuka Kulkarni, Head of Research, Square Yards. (Gains from properties sold within two years are taxed as short-term capital gains at the individual's income tax slab rate.) Capitalising on market gains is another reason behind the sale of properties. Since the pandemic triggered a strong revival in the residential real estate market, especially in the luxury segment, due to lifestyle changes, low interest rates, and increased disposable income, property prices as per Square Yards data increased sharply by up to 60% in Mumbai MMR, Delhi NCR, Pune, Hyderabad, and Bengaluru. High-net-worth individuals, including celebrities, actively participated in this upcycle. Insights from Square Yards, which collects and aggregates diverse real estate data, reveal that 63% of real estate transactions done by celebrities post-2020 were residential, 33% commercial, and the rest across other asset classes. 'However, post this boom in residential segment, the market is now normalising, and the price growth moderating from its post-pandemic highs. Celebrities — like many HNWIs — are re-evaluating their holdings and are choosing to sell to cash in on the strong returns on these high-value properties, purchased at much lower rates in preceding years,' Kulkarni says. High-yielding investments Another factor is to have increased liquidity to explore high-yielding investments and for the purpose of relocation. 'Portfolio rebalancing and upgrading is the norm. Proceeds from sales are often deployed into newer, better-located properties, commercial real estate, or even global assets. Some celebrities are also selling older real estate holdings to upgrade lifestyle, buy bigger or better-located homes, or shift investment focus,' Kulkarni shares. With recent geopolitical uncertainties and bearish trends in the stock market, many individuals are selling real estate to book profits and offset their capital losses in equities. 'By setting off gains from real estate against losses in their stock market portfolios, they can reduce their overall tax liability. This strategy supports effective tax planning by balancing gains and losses across asset classes, and carries forward unused losses to reduce tax liabilities in the next years,' Kulkarni adds. Notable celebrity sale transactions in 2025 Amitabh Bachchan Name of project and locality: The Atlantis, Andheri Type of property: residential Purchase value and date: ₹31 crore (April 2021) Selling value and date: ₹83 crore (January 2025) Appreciation: 168% Sonakshi Sinha Name of project and locality: 81 Aureate, Bandra West Type of property: residential Purchase value and date: ₹14 crore (March 2020) Selling value and date: ₹22.50 crore (January 2025) Appreciation: 61% Akshay Kumar Name of project and locality: Oberoi Sky City, Borivali East Type of property: residential Purchase value and date: ₹2.37 crore (November 2017) Selling value and date: ₹4.35 crore (March 2025) Appreciation: 84% (Also, sold another unit in the same building for ₹4.25 crore, which was bought in 2017) Anu Malik & Anju Malik (two flats) Name of project and locality: Khushi Belmondo, Santacruz West Type of property: residential Purchase value and date: NA Selling value and date: ₹14.49 crore (February 2025) combined value Appreciation: NA Hrithik Roshan Name of project and locality: Raheja Classique, Andheri West Type of property: residential Purchase value and date: NA Selling value and date: ₹80 lakh (May 2025) Appreciation: NA Rakesh Roshan (transaction 1) Name of project and locality: Raheja Classique, Andheri West Type of property: residential Purchase value and date: NA Selling value and date: ₹2.20 crore (May 2025) Appreciation: NA Rakesh Roshan (transaction 2) Name of project and locality: Veejays Niwas CHS, Andheri West Type of property: residential Purchase value and date: NA Selling value and date: ₹3.75 crore (May 2025) Appreciation: NA Source: IGR, Square Yards According to analysts, many celebrities, such as Amitabh Bachchan, are now investing in land in Alibaug and elsewhere. Abhinandan Lodha, Chairman, The House of Abhinandan Lodha, says,'For many celebrities, investing in land is a rewarding way to diversify their wealth beyond their main profession. Land in India, for centuries, has always been stable asset with very little volatility compared to the other asset classes. It also offers the flexibility of personal use — such as building a private retreat or holiday home — while holding emotional value as a legacy, allowing them to leave something meaningful for generations to follow.' In recent years, the rise of branded, gated community-style land developments has added credibility and structure to what was once considered a complex and opaque process of investing in land. Lodha states that due to the strong emphasis on quality, security of the property, convenience, and transparency at his company, many celebrities, including top Bollywood stars, musicians, and people in sports, are finding value. 'People all around the world are now buying land through a completely hassle-free virtual experience [i.e. purchasing land without any physical interaction], which is a first in India and probably even globally,' he says. 'Due to all these factors, celebrities are viewing land not just as a wealth creator but as a lifestyle choice — one that aligns with their personal aspirations while strengthening their investment portfolio. It's a tangible, long-term play with both emotional and economic returns,' he concludes.
India.com
06-07-2025
- Entertainment
- India.com
Which is Bollywood's richest family? They don't act, once used to sell fruits, now owns Rs 10000000000, NOT Khans, Bachchans, Kapoors, Chopras and Johars
Bollywood is home to many families that boast of significant wealth. Prominent film families like the Aditya Chopra, Randhir Kapoor, Ranbir Kapoor, Boney Kapoor, Saif Ali Khan, Shah Rukh Khan, Salman Khan, Aamir Khan and Amitabh Bachchan are among the richest, thanks to their famed legacies which have lasted decades. They have family businesses that are based on the entertainment industry but which one is Bollywood's richest family? As per the Hurun India Rich List 2024 report, there is one family that has been ruling the film world for several years and has cemented its position as the richest Bollywood family. If you are guessing it to be the Khans or Kapoors, then you are wrong! While handling the family legacy, these people have been successful in establishing themselves in each generation. Which is the richest family in Bollywood? The family we are talking about, came to Delhi as refugees from the Jhang region of West Punjab after the Hindu-Muslim riots during the partition of India in 1947. He is the grandson of a fruit juice vendor who worked the streets of the Daryaganj, Delhi. His father was a devoted worshipper of Lord Shiva and goddess Vaishno Devi who sung many religious and traditional songs. Due to traditional faith and love towards Mata Vaishno Devi, his father ran a free of cost meal service in which free meals are offered as prasad to all the devotees visiting Vaishno Devi Temple. Even after the father's demise in 1997, the service still continues till today and is well managed by the son. Gulshan Kumar in the middle We are talking about Bhushan Kumar, the owner of T-series group of companies. Bhushan's father Gulshan Kumar changed his path when he got graduated and acquired a shop selling music cassettes in the 70s. From there, he started his own record label, Super Cassettes, which developed into T-Series. Today, the company owns a giant movie studio as well, one of the largest in the country, along with several other subsidiaries and an acting school in Noida. Bhushan Kumar's family How much is Bhushan Kumar's net worth? As per the Hurun report, the Kumar family's combined wealth is around Rs 10,000 crore (over $1.2 billion). This meant they have topped the list of being the richest family in Bollywood industry, leaving behind the Kapoors and the Chopras. See the complete list of Bollywood's richest families Bhushan Kumar's family has a reported net worth of Rs 10000 crore Shah Rukh Khan's family has a net worth of Rs 8096 crore, as per the reports The Chopra family has a net worth of Rs 7500 crore Salman Khan's family value is Rs 5259 crore The Bachchan family has a reported net worth of Rs 3390 crore The Kapoor family has a reported net worth of Rs 3000 crore Karan Johar's family has a reported net worth of Rs 2000 crore
Mint
12-06-2025
- Entertainment
- Mint
Who will inherit Amitabh and Jaya Bachchan's wealth, Abhishek or Shweta? The star couple says...
Amitabh and Jaya Bachchan, the iconic star couple, have reportedly made a major decision about who will inherit their wealth – son Abhishek Bachchan or daughter Shweta Bachchan Nanda. Amitabh and Jaya tied the knot on 3 June 1973 and have recently celebrated their 52nd wedding anniversary. The power couple, who have long been icons of Indian cinema, are believed to have outlined a clear succession plan for their family wealth to ensure a smooth transition for future generations. In an old interview with Rediff, Amitabh Bachchan revealed that he and Jaya have a clear stance on how their assets will be divided among their children. BigB shared that the couple wants to divide their assets'equally' between their son and daughter. 'When I die, whatever little I have will be divided equally between my son and daughter. There will be no difference,' the veteran actor said, adding that they had decided this years ago Addressing daughter Shweta's share in his property, Amitabh Bachchan said that he believes that she has equal rights as Abhishek, despite the norms of Indian society. 'Everyone says that a girl is someone else's wealth. She goes to her husband's house, but in my eyes, she is my daughter, who has equal rights as Abhishek,' he said. In 2023, the veteran actors gifted Shweta their lavish Juhu bungalow, Prateeksha, worth at least ₹ 50 crore. According to the election affidavit Jaya Bachchan filed in February 2024, the Rajya Sabha MP's net worth was ₹ 1.63 crore for 2022-23. The affidavit also mentioned that her husband, Amitabh Bachchan's net worth was ₹ 273.74 crore for the same year. The Bachchan couple's combined movable property has been valued at ₹ 849.11 crore, while the immovable property amounts to ₹ 729.77 crore. This means their combined assets are over ₹ 1,578 crore. Meanwhile, according to the Hurun India Rich List 2024, Amitabh Bachchan and his family's assets are valued at ₹ 1,600 crore.
