Here is your Forbes Daily Briefing for Monday, October 14th.

Today on Forbes, India's 100 richest 2024.

Fortunes of Indian tycoons jump 40%, blowing past $1 trillion.

It was a record-breaking year for India's 100 richest tycoons, whose collective wealth surpassed the trillion dollar milestone for the first time.

Investor enthusiasm about the India story after Prime Minister Norengra Modi returned to power for a third term in June, albeit with the coalition, put the stock market on overdrive.

The benchmark BSE Sensex rose 30% since fortunes were measured a year ago.

India's wealthiest are worth 1.1 trillion dollars,

more than twice as rich as they were in 2019.

They added 316 billion dollars or nearly 40% in just the past 12 months.

More than 80% of the richest Indians are wealthier, with 58 of them adding 1 billion dollars or more to their respective net worths.

Half a dozen fortunes swelled by more than $10 billion each, including the top five,

who as a group gained nearly 120 billion dollars. The top 12

list members account for roughly half the group's combined wealth.

Mukeshambani, chairman and Managing Director of Reliance Industries, who announced a bonus

issue of shares as a Duali gift to Reliance Investors, but was more in the news for hosting a series of jaw-dropping celebrations for his younger son

Anant's wedding, held on to the top spot. He's the second biggest gainer in dollar terms this year,

up 27.5 billion dollars to $190,000. in dollar

in dollar terms this year,

the biggest dollar gainer is infrastructure magnate

Gautam Adani, who posted a strong recovery from last year's short selling attack

and recently placed his sons and nephews in key positions.

With his brother Vinod, he added $48 billion to take the family's net worth to $116 billion,

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