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May 6, 2024 · To probably no one’s surprise, Mukesh Ambani tops the list, and it goes on to include eminent personalities like Gautam Adani and Shiv Nadar. In this post, we bring you a list of the top 10...
- Mukesh Ambani
- Gautam Adani
- Shiv Nadar
- Cyrus Poonawalla
- Radhakishan Damani
- Lakshmi Mittal
- Savitri Jindal
- Kumar Birla
- Dilip Shanghvi
- Uday Kotak
City: Mumbai
Ambani, whose fortune was built on oil and gas and petrochemicals, has chalked out a green future for his Reliance Industries with plans to invest $80 billion over 15 years in renewable energy. This includes building a new complex, named after his late father and Reliance founder Dhirubhai Ambani, consisting of four big factories close to the company’s oil refinery in Jamnagar, in western India.
City: Ahmedabad
Adani’s wealth soared for the second year in a row, partly on rising shares of listed solar power producer Adani Green Energy. The infrastructure tycoon is doubling down on renewables and says he will invest $70 billion to achieve his ambition of becoming the world’s biggest renewable energy producer by 2030.
City: Delhi
Tech pioneer who cofounded the $11.2 billion (revenues) HCL Technologies, one of India’s biggest software services providers, is now chairman emeritus and strategic advisor to the board. His daughter, Roshni Nadar Malhotra, chairs the company, which employs 198,000 people across 52 countries.
City: Pune
A major chunk of the 1.8 billion Covid-19 jabs given to Indians so far have been supplied by Poonawalla’s privately held Serum Institute of India, which manufactures the Covishield vaccine under license from AstraZeneca. In recognition of his efforts, the Indian government recently bestowed the Padma Bhushan, one of India’s highest civilian awards, on the vaccine billionaire.
City: Mumbai
Veteran stock market investor plunged into retailing two decades ago with one grocery store and built it into supermarket chain Avenue Supermarts, which operates 271 D-Mart stores across the country. Damani together with his brother Gopikishan, who’s also a billionaire, reportedly bought a house in south Mumbai last year for more than $100 million.
City: London
An uptick in steel prices boosted the wealth of the executive chairman of ArcelorMittal, the $76.6 billion (revenue) steel giant. The company reported net profit of $15 billion in 2021, as compared to a $733 million loss in the previous year.
City: Hisar
Jindal, chairperson emeritus of the O.P.Jindal group, a steel and power conglomerate named after her late husband, benefited from rising shares of group companies JSW Steel and JSW Energy, the latter up nearly four-fold since last year. Both companies are run by her Mumbai-based son Sajjan Jindal.
City: Mumbai
Birla has chaired the $45 billion (revenue) Aditya Birla Group, a sprawling conglomerate named after his late father, since 1995. Last year, Birla stepped down as chairman of debt-strapped, loss-making telecom firm Vodafone Idea, formed by the 2018 merger between his Idea Cellular and Vodafone Group, and reportedly offered to give up his stake to the government. His group’s retail arm recently bought Reebok’s India operations.
City: Mumbai
Shanghvi’s listed Sun Pharmaceuticals is the world’s fourth-largest maker of specialty generic drugs and India’s most valuable pharma company. Sun gets two-thirds of its $4.5 billion revenue from international markets. In March, the company agreed to pay $485 million to settle a long-standing U.S. lawsuit against subsidiary Ranbaxy Laboratories, which was acquired in 2014. Shanghvi, who founded Sun in 1983 to make psychiatric drugs, still runs the company as managing director.
City: Mumbai
India’s richest self-made banker, converted his finance firm into Kotak Mahindra Bank, after securing a banking license 19 years ago. Investors include the Canada Pension Plan Investment Board. Kotak, who was appointed by the government in 2018 as non-executive chairman of debt-strapped lender Infrastructure Leasing & Financial Services, stepped down this April.
- Naazneen Karmali
- Mukesh Ambani, 66. Net Worth: $92 billion. Company: Reliance Industries. Industry: Diversified. Mukesh Ambani is the chairman & MD of Reliance Industries Ltd, an O2C, telecom, and new energy conglomerate.
- Gautam Adani, 61. Net Worth: $68 billion. Company: Adani Enterprises. Industry: Diversified. Gautam Adani, chairperson, Adani Group, has a net worth of Rs 565,692 crore in rupee terms.
- Shiv Nadar, 78. Net Worth: $29.3 billion. Company: HCL Technologies. Industry: Technology. Software tycoon Shiv Nadar climbed two spots to return to No. 3 as shares of HCL Technologies jumped 42 percent in the past year amid a tech rebound.
- Savitri Jindal, 73. Net Worth: $24 billion. Company: OP Jindal Group. Industry: Metals & Mining. Matriarch Savitri Jindal of the OP Jindal Group, a power and steel conglomerate, is at No. 4 with $24 billion, up 46 percent, thanks partly to the September IPO of ports unit JSW Infrastructure by her hard-charging son Sajjan Jindal.
- Naazneen Karmali
- Mukesh Ambani. NET WORTH: $84.5 BILLION. SOURCE OF WEALTH: DIVERSIFIED. RESIDENCE: MUMBAI. Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries’ net debt to zero by 2021.
- Gautam Adani. NET WORTH: $50.5 BILLION. SOURCE OF WEALTH: INFRASTRUCTURE. RESIDENCE: AHMEDABAD. Adani acquired a 74% stake in Mumbai International Airport, the country’s second-busiest, last September.
- Shiv Nadar. NET WORTH: $23.5 BILLION. SOURCE OF WEALTH: SOFTWARE SERVICES. RESIDENCE: DELHI. The tech titan stepped down as chairman of $9.9 billion (revenues) HCL Technologies last July, handing over the position to his only daughter, Roshni Nadar Malhotra.
- Radhakishan Damani. NET WORTH: $16.5 BILLION. SOURCE OF WEALTH: RETAIL, INVESTMENTS. RESIDENCE: MUMBAI. The low-profile retailing king’s listed supermarket chain Avenue Supermarts operates 221 DMart stores across the country.
Apr 4, 2023 · Here are India’s 10 richest people: (NET WORTHS ARE AS OF MARCH 10, 2023) #1. Mukesh Ambani Net worth: $83.4 Billion | Source of wealth: Diversified | City: Mumbai
- Naazneen Karmali
Apr 3, 2024 · Mukesh Ambani leads the list. Forbes has recently revealed its annual ranking of the richest Indians in 2024. As many as 200 Indians have made their mark this year, a significant increase from...
