Explore the exceptional wealth and achievements of India's top ten billionaires across diverse industries.
Who holds the title of the top 10 wealthiest individuals in India? With the nation's economy witnessing substantial growth, this question may frequently cross your mind. Forbes' 2023 World's Billionaires list features a record 169 Indians, up from 166 the previous year.
Unsurprisingly, Mukesh Ambani leads the pack, joined by prominent figures like Gautam Adani and Uday Kotak. This post presents Forbes' Real-Time Billionaires rankings, offering insights into the top 10 richest people in India. The data is based on information collected at 3:09 PM on December 12, 2023.
The top 10 richest people in 2023
| Name & India Rank | Global Rank | Net worth (US$) | Company |
|---|---|---|---|
| #1 Mukesh Ambani |
15 | $94.3 B | Reliance Industries |
| #2 Gautam Adani |
16 |
$72.2 B | Adani Group |
| #3 Shiv Nadar |
46 |
$31.2 B | HCL Technologies |
| #4 Savitri Jindal & family |
51 |
$29.0 B | JSW Group |
| #5 Cyrus Poonawalla |
79 |
$22.1 B | Serum Institute of India |
| #6 Dilip Shanghvi |
89 |
$20.1 B | Sun Pharmaceutical Industries Ltd |
| #7 Kumar Birla |
96 |
$18.7 B | Aditya Birla Group |
| #8 Radhakishan Damani |
100 |
$18.0 B | DMart, Avenue Supermarts |
| #9 Lakshmi Mittal |
107 | $16.5 B | ArcelorMittal |
| #10 Kushal Pal Singh |
117 | $15.1 B | DLF Limited |
Mukesh Ambani
- Age: 66 Years
- Net Worth: $89.7 B
- Source of Wealth: Reliance Industries Ltd
Curious about the wealthiest individuals in India? With the nation's economy booming, you might often wonder who tops the list. Forbes' 2023 World's Billionaires roster showcases a remarkable 169 Indians, up from 166 last year.
As expected, Mukesh Ambani claims the top spot, alongside notable names such as Gautam Adani and Uday Kotak. This post reveals Forbes' Real-Time Billionaires rankings, spotlighting the top 10 richest people in India. The data reflects information gathered at 3:09 PM on December 12, 2023.
Gautam Adani
- Age: 61 Years
- Net Worth: $51.7 B
- Source of Wealth: Adani Group
Gautam Shantilal Adani, an Indian billionaire industrialist, is widely known as the founder and chairman of the Adani Group—a multinational conglomerate involved in port operations and development in India. The Adani Foundation, established by Gautam Adani in 1996, is chaired by his wife, Priti Adani. The group's diverse business interests span ports, airports, power generation and transmission, and green energy. Adani holds the distinction of being India's largest airport operator and controls Gujarat's Mundra Port, the nation's largest.
In January 2023, U.S. firm Hindenburg Research accused Adani and his companies of financial fraud and stock market manipulation. Following the report's release, Adani Group's stock values plummeted, resulting in a staggering loss of over $120 billion in market value.
Shiv Nadar
- Age: 78 Years
- Net Worth: $29.1 B
- Source of Wealth: HCL Enterprise
Shiv Nadar is the owner of the HCL Group, which counts prestigious clients like Cisco, Microsoft, and Boeing. Acknowledging his significant contributions to the IT industry, Mr. Nadar received the Padma Bhushan, India's prestigious third-highest civilian honor, from the Indian government in 2008. Beyond his business acumen, Mr. Nadar is widely respected as a philanthropist, having donated Rs 1,161 crore in late 2022.
Savitri Jindal & family
- Age: 73 Years
- Net Worth: $25.3 B
- Source of Wealth: O.P. Jindal Group
Savitri Jindal, an Indian politician and entrepreneur, serves as the emeritus chair at the O.P. Jindal Group. Her four sons—Prithviraj, Sajjan, Ratan, and Naveen Jindal—manage various business divisions. In addition, JSW Sports, part of the JSW Group's global presence in India, the USA, South America, Europe, and Africa, actively contributes to fostering a vibrant sports ecosystem in India. It's worth noting that Savitri Jindal holds the title of the wealthiest woman in India.
Cyrus Poonawalla
- Age: 82 Years
- Net Worth: $21.2 B
- Source of Wealth: Serum Institute of India
Cyrus Poonawalla, a notable figure in India's vaccine development, stands as the main beneficiary of the increasing sales and earnings resulting from his ownership of the privately held Serum Institute of India. Assisting in its management is his son, Adar. Headquartered in Pune, the Serum Institute holds the esteemed title of being the world's largest vaccine manufacturer. Cyrus Poonawalla's recent wealth growth can be predominantly attributed to the widespread utilization of the Covid-19 vaccines developed by the SII.
Dilip Shanghvi
- Age: 67 Years
- Net Worth: $19.5 B
- Source of Wealth: Sun Pharmaceuticals
Dilip Shanghvi is a notable Indian business magnate and the driving force behind Sun Pharmaceutical Industries, the first Indian pharmaceutical company to achieve a $5 billion valuation. He expanded Sun through a series of acquisitions, with the most significant being the 2014 acquisition of the scandal-tainted rival Ranbaxy Laboratories for $4 billion.
Radhakishan Shivkishan Damani
- Age: 68 Years
- Net Worth: $16.6 B
- Source of Wealth: Avenue Supermarts Limited
Radhakishan Shivkishan Damani, a prominent Indian entrepreneur and investor, is celebrated as the creator of Avenue Supermarts Limited, overseeing a network of over 200 DMart stores across India. Furthermore, he manages his investment endeavors through Bright Star Investments Limited.
Kumar Birla
- Age: 56 Years
- Net Worth: $17.8 B
- Source of Wealth: Hindalco Industries
Recognized as a prominent figure in the commodities industry, Kumar Birla leads the Aditya Birla Group. In addition to its engagement in the aluminum and cement sectors, the group is involved in providing financial services. Birla formerly served as the non-executive chairman of Vodafone Idea, a telecommunications company; however, he resigned in 2021 amid increasing debts. As of 2023, the company has appointed Birla as a non-executive director.
Notably, Birla's children, Ananya and Aryaman, have recently joined the boards of his flagship companies. Birla anticipates their contributions will bring fresh ideas, passion, and energy to the business.
Lakshmi Mittal
- Age: 73 Years
- Net Worth: $15.2 B
- Source of Wealth: ArcelorMittal
Lakshmi Mittal currently serves as the Chairman and CEO of ArcelorMittal, recognized as the world's largest steel manufacturer. In 2019, ArcelorMittal, in collaboration with Nippon Steel, successfully acquired Essar Steel for $5.9 billion, a company previously owned by Shashi and Ravi Ruia. In 2021, Mittal transitioned the CEO role to his son, Aditya Mittal, while retaining his position as the executive chairman of ArcelorMittal. The recent conflict with Russia's invasion of Ukraine led to ArcelorMittal halting production at its Kryvyi Rih facility in Ukraine.
Kushal Pal Singh
- Age: 92
- Net Worth: $13.7 B
- Source of Wealth: DLF Limited
Kushal Pal Singh, a prominent figure in the real estate industry, holds the position of Chairman Emeritus at DLF, India's largest listed real estate firm by market capitalization. A veteran of the army, Singh became part of DLF, a company initiated by his father-in-law, in 1961 and served as chairman for over five decades.
Uday Kotak
- Age: 64 Years
- Net Worth: $13.2 B
- Source of Wealth: Kotak Mahindra Bank
Uday Kotak, a notable figure in India, occupies the distinguished position of Founder and Managing Director at Kotak Mahindra Group. In 2020, he opted to reduce his stake in the bank to enhance regulatory flexibility and ensure improved compliance. Regarding succession, Uday Kotak has been preparing his son, Jay Kotak, to assume a leadership role within the organization.
Source Forbes India