Number of rupee billionaires by income crossed 500 in FY25

4 min readJul 27, 2026 06:30 PM IST Usually, the government releases these figures as part of its income tax return statistics. (Representative image)The number of individuals who reported a gross total income of at least Rs 100 crore crossed 500 in Assessment Year 2025-26, up 39% from the previous year, the Ministry of Finance said in a written reply to a question in the Lok Sabha on Monday. The finance ministry data showed the number of rupee billionaires as per their income has quadrupled in four years to 576 from 142 in AY 2021-22. Assessment Year refers to the 12 months after the year in which income is earned, or the financial year. As such, AY 2025-26 is 2024-25, or April 2024-March 2025.One billion is equal to 100 crore. “There is no statutory definition of the term ‘billionaire’ e