Hurun Global Rich List 2025: These 34-Year-Olds Are India’s Youngest Billionaires With Rs 8,643 Crore

India’s billionaire club is growing, and two 34-year-olds have made history in the Hurun Global Rich List 2025. Razorpay co-founders Shashank Kumar and Harshil Mathur have been named India’s youngest billionaires, each with a net worth of Rs 8,643 crore.

Harshil Mathur and Shashank Kumar met at IIT Roorkee and saw an opportunity to simplify digital payments in India. This idea led to the launch of Razorpay in 2014, a platform that has transformed online transactions for businesses.

Before becoming entrepreneurs, both had corporate careers. Harshil Mathur was a Wireline Field Engineer at Schlumberger, while Shashank Kumar worked as a Software Development Engineer at Microsoft. Their shared passion for fintech drove them to start their own company.

Razorpay grew rapidly, securing $375 million in its Series F funding round by the end of 2021. Today, it is valued at 7.5 billion dollars and backed by top investors like Sequoia Capital, Tiger Global, and Y Combinator.

The Hurun Global Rich List 2025 reports that India now has 284 billionaires, with Mumbai leading as the city with the most billionaires. India also accounts for 56 per cent of self-made billionaires.

While Kumar and Mathur are India’s youngest billionaires, China’s Wang Zelong, aged 29, shares the same net worth. The average age of India’s billionaires is 68, slightly higher than the global average of 66.

Harshil Mathur and Shashank Kumar’s success story is a testament to India’s thriving startup ecosystem. Their journey from IIT graduates to billionaires highlights the power of innovation and determination in shaping the future of Indian business.

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