New York City, New York, USA: Four billionaires of Indian origin have secured spots on Forbes 40 Under 40, together holding wealth exceeding $11 billion.
Forbes has released its latest edition of the prestigious 40 Under 40 rankings, recognizing four self-made billionaires of Indian heritage who achieved extraordinary financial success before reaching the age of 40. Collectively valued at more than $11 billion, Ankur Jain, Nikhil Kamath, Adarsh Hiremath, and Surya Midha earned places among the worlds richest young entrepreneurs.
The list also includes prominent global figures such as artificial intelligence entrepreneur Edwin Chen, whose fortune is estimated at $18 billion, and Wang Ning, valued at $15.7 billion, who both rank at the top.
At 35, Ankur Jain is ranked 19th with an estimated net worth of $3.4 billion. Based in the United States, Jain launched New York headquartered Bilt Rewards in 2019, a platform that provides reward benefits for rent payments. Earlier, he co-founded the contact management application Humin, which was acquired by Tinder in 2016. The son of a former dot-com era billionaire, Jain currently serves as chief executive officer of Bilt, a company privately valued at $10.8 billion.
Just behind him, 39-year-old Nikhil Kamath stands at number 20 with a net worth of approximately $3.3 billion, making him the only Indian national on the list. Kamath co-established Bengaluru-based online brokerage firm Zerodha in 2010 alongside his elder brother Nithin Kamath. While Nithin leads the company as chief executive, Nikhil oversees financial operations as chief financial officer. Forbes estimates Zerodha’s valuation at close to $8 billion.
Sharing the 27th position are Mercor co-founders Adarsh Hiremath and Surya Midha, along with fellow partner Brendan Foody. Hiremath and Midha, both aged 22, are each valued at $2.2 billion. Childhood friends and recipients of the 2024 Thiel Fellowship, they founded artificial intelligence hiring startup Mercor in 2023. The company assists major Silicon Valley AI research firms in training advanced models. At just 22, they are recognized as the youngest billionaires ever to appear on the list.
