Among the country's wealthiest individuals, 105 Telugu residents feature prominently, with 87 of them residing in Hyderabad. Interestingly, four out of the top five wealthiest Telugu individuals bear the Reddy surname, and the majority of the remaining hail from the Kamma community.
It's noteworthy that a majority of these affluent individuals has pharma background, signifying the pharmaceutical sector's superior performance compared to the realms of cinema, media, and politics. The emphasis on health expenditure drives the continuous growth of the pharmaceutical sector.
Prominent names like Divis, Hetero, Apollo, Reddy Labs, and Aurobindo make their presence felt in the list of wealthy individuals, underlining the idea that people's well-being translates into financial success. The remaining top-five spot belongs to Megha Engineering, an infrastructure company.
Even when extending the list to the top 20, those affiliated with pharmaceuticals, life sciences, chemicals, and healthcare facilities dominate, with the infrastructure sector following closely behind. Notably, sectors such as entertainment and media are conspicuously absent from this list.
Surprisingly, despite their possession of expansive studio spaces and numerous buildings, significant media groups like Eenadu Group, ETV Group, and Margadarshi Group, Ramoji Rao's name is not seen here.
The list encompasses individuals with personal assets exceeding five thousand crores, raising questions about whether some of our prominent political leaders, media magnates, and frequently seen public figures, who we perceive as wealthy, are not listed here.
The intricacies of these calculations may confound the common person. It raises the suspicion if many filthy rich individuals are showing lesser income and wealth on paper to evade taxes to the government and hold black money.
