The list of richest Indians by net worth is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. In 2022, there are 140 billionaires in India, making the country third in the world after the United States and China.
Mukesh Ambani has been the richest Indian for 13 consecutive years. According to Forbes, he is currently the 10th richest person in the world.
Let us take a look at the list of the Richest Person In India in 2021 in a simplified way.
Content Outline
Top 10 Richest Person In India
1. Mukesh Ambani
- Age: 64
- Industry: Diversified
- Source of Wealth: Reliance Industries
- Reliance Industries Ownership Stake: 49%
Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire businessman, Chairman, Managing Director and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India’s most valuable company by market value.
According to Forbes, his family’s net worth is estimated to be around $90.4 billion as of 2022. According to Forbes, he is the 1st richest person in India and the 10th richest person in the world.
Total Net Worth: $90.4 Billion
2. Gautam Adani & Family
- Age: 59
- Industry: Infrastructure, Commodities
- Source of Wealth: Adani Groups
- Adani Groups Ownership Stake: 66%
Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire and businessman. He is the chairman and founder of Adani Group, a multinational conglomerate based in Ahmedabad, which is engaged in the development and operation of ports in India. Adani is also the president of the Adani Foundation, which is primarily run by his wife Priti Adani.
He founded The Adani Group in 1988 and diversified his business into resources, logistics, energy, agriculture, defence and aerospace, among others. In 2018, he held a 66% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power and 75% stake in Adani Transmission. On June 17, 2021, Adani lost the title of the second richest man in Asia due to the sudden decline in Adani Group’s share prices.
According to Forbes, his family’s net worth is estimated to be around $89.8 billion as of 2022. According to Forbes, he is the second richest person in India and the 11th richest person in the world.
Total Net Worth: $89.8 Billion
3. Shiv Nadar
- Age: 76
- Industry: Software
- Source of Wealth: HCL
- HCL Ownership Stake: 59.88%
Shiv Nadar is an Indian billionaire, industrialist and philanthropist. He is the founder and chairman emeritus of HCL Technologies Limited and the Shiv Nadar Foundation. Nadar founded HCL in the mid-1970s and over the next three decades transformed the IT hardware company into an IT company by constantly reinventing the focus of his business.
In 2008, Nadar was awarded the Padma Bhushan for his services to the IT industry. Nadar, nicknamed Magus (ancient Persian for “magician”) by his friends, has focused his efforts since the mid-1990s on developing India’s education system through the Shiv Nadar Foundation. Ramanichandran, a successful Tamil romance novelist, is his cousin.
According to Forbes, his family’s net worth is estimated to be around $28.6 billion as of 2022. According to Forbes, he is the third richest person in India and the 47th richest person in the world.
Total Net Worth: $28.6 Billion
4. Cyrus Poonawalla
- Age: 80
- Industry: Pharmacy
- Source of Wealth: Cyrus Poonawalla Group ( Serum Institute of India )
Cyrus S. Poonawalla is an Indian billionaire and businessman. He is the Chairman and Managing Director of the Cyrus Poonawalla Group, which includes the Serum Institute of India, an Indian biotech company that is the largest vaccine manufacturer in the world.
According to Forbes, his family’s net worth is estimated to be around $24.2 billion as of 2022. According to Forbes, he is the 4th richest person in India and the 55 richest person in the world.
Total Net Worth: $24.2 Billion
5. Radhakishan Damani
- Age: 66
- Industry: Retail, Investments
- Source of Wealth: D-Mart
- D-Mart Ownership Stake: 65.2%
Radhakishan S. Damani is an Indian billionaire investor, businessman and the founder of DMart. He also manages his portfolio through his investment firm Bright Star Investments Limited.
According to Forbes, his family’s net worth is estimated to be around $19.9 billion as of 2022. According to Forbes, he is the 5th richest person in India and the 79th richest person in the world.
Total Net Worth: $19.9 Billion
6. Lakshmi Mittal
- Age: 71
- Industry: Steel
- Source of Wealth: ArcelorMittal
- ArcelorMittal Ownership Stake: 38%
Lakshmi Niwas Mittal is an Indian steel magnate based in the United Kingdom. He is Executive Chairman of ArcelorMittal, the world’s largest steel company, and Chairman of stainless steel producer Aperam. Mittal owns 38% of ArcelorMittal and holds a 20% stake in EFL Championship side Queens Park Rangers.
In 2005, Forbes ranked Mittal as the third richest person in the world, making him the first Indian citizen to be ranked in the top ten in its annual list of the world’s richest people. In 2011, he was ranked as the sixth richest person in the world by Forbes but dropped to 82nd in March 2015. He is also the “57th most powerful person” of the 72 people listed in Forbes’ Most Powerful People list for 2015. His daughter Vanisha Mittal’s wedding was the second most expensive in history.
Mittal has been a member of the board of directors of Goldman Sachs since 2008. He sits on the executive committee of the World Steel Association and is a member of the Global CEO Council of the Chinese People’s Association for Friendship with Foreign Countries, the Foreign Investment Council in Kazakhstan, the International Business Council of the World Economic Forum and the European Round Table of Industrialists. He is also a member of the Board of Trustees of the Cleveland Clinic.
In 2005, the Sunday Times named him “Business Person of 2006”, the Financial Times named him “Person of the Year” and Time Magazine named him “International Newsmaker of the Year 2006”. In 2007, Time Magazine included him in its “Time 100” list.
According to Forbes, his family’s net worth is estimated to be around $18.0 billion as of 2022. According to Forbes, he is the 6th richest person in India and the 88th richest person in the world
Total Net Worth: $18.0 Billion
7. Savitri Jindal & family
- Age: 71
- Industry: Steel
- Source of Wealth: Jindal Groups
Savitri Devi Jindal is an Indian businesswoman and Chairman Emeritus of the O.P. Jindal Group. She is also the president of Maharaja Agrasen Medical College, Agroha.
Savitri Jindal, the widow of founder Om Prakash Jindal, chairs the Jindal Group, whose interests include steel, power, cement and infrastructure. After O.P. Jindal died in a helicopter crash in 2005, the group’s businesses were divided among his four sons, who now run them independently. The group’s largest assets are managed by their Mumbai-based son Sajjan Jindal, who heads JSW Steel, among others. Jindal’s younger son Naveen’s Jindal Steel & Power, once a high-flyer, is saddled with $4.7 billion in debt.
According to Forbes, his family’s net worth is estimated to be around $17.4 billion as of 2022. According to Forbes, she is the 7th richest person in India and the 92nd richest person in the world.
Total Net Worth: $17.4 Billion
8. Kumar Birla
- Age: 54
- Industry: Commodities
- Source of Wealth: Birla Groups
Kumar Mangalam Birla is an Indian billionaire and chairman of the Aditya Birla Group, one of India’s largest conglomerates. He is also the Chancellor of Birla Institute of Technology & Science and Chairman of Indian Institute of Technology Delhi and Indian Institute of Management Ahmedabad.
According to Forbes, his family’s net worth is estimated to be around $16.4 billion as of 2022. According to Forbes, he is the 8th richest person in India and the 106th richest person in the world.
Total Net Worth: $16.4 Billion
9. Dilip Shanghvi
- Age: 66
- Industry: Pharmaceuticals
- Source of Wealth: Birla Groups
Dilip Shanghvi is an Indian billionaire businessman and one of the richest people in the country. He founded Sun Pharmaceuticals. The Indian government awarded him the Padma Shri civilian award in 2016. India Today magazine ranked him the 8th most powerful person in India in 2017.
According to Forbes, his family’s net worth is estimated to be around $15.3 billion as of 2022. According to Forbes, he is the 8th richest person in India and the 116th richest person in the world.
Total Net Worth: $15.3 Billion
10. Uday Kotak
- Age: 50
- Industry: Banking
- Source of Wealth: Kotak Mahindra Bank
Uday Suresh Kotak is an Indian billionaire, banker and Deputy Chairman and Managing Director of Kotak Mahindra Bank.
In the early 1980s, when India was still a closed economy and economic growth was subdued, Kotak decided to strike out on his own, turning down a lucrative job offer from a multinational company. Over the next few years, he diversified his business into various areas of financial services and established a significant presence in bill discounting, stock trading, investment banking, auto financing, life insurance and mutual funds. On March 22, 2003, Kotak Mahindra Finance Ltd. became the first company in Indian corporate history to obtain a banking license from the Reserve Bank of India.
The Bloomberg Billionaires Index estimates his assets at $14.8 billion as of April 2021. In 2006, he ended a 14-year partnership with Goldman Sachs by acquiring its 25% stake in two subsidiaries for $72 million.
According to Forbes, his family’s net worth is estimated to be around $14.3 billion as of 2022. According to Forbes, he is the 9th richest person in India and the 126 richest person in the world.
Total Net Worth: $14.3 Billion
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| Rank | Name | Net Worth ( 2021 ) | Source of Wealth |
|---|---|---|---|
| 1 | Mukesh Ambani | $89.9 B | Reliance Industries |
| 2 | Guatam Adani | $80.1 B | Adani Groups |
| 3 | Shiv Nadar | $27.7 B | HCL |
| 4 | Radhakishan Damani | $22.5 B | D-Mart |
| 5 | Lakshmi Mittal | $18.7 B | ArcelorMittal |
| 6 | Savitri Jindal & family | $16.8 B | Jindal Groups |
| 7 | Cyrus Poonawalla | $16.7 B | Cyrus Poonawalla Groups |
| 8 | Kumar Birla | $16.2 B | Birla Groups |
| 9 | Uday Kotak | $15 B | Kotak Mahindra Bank |
| 10 | Sunil Mittal & Family | $13.7 B | Airtel |
Updated As of 2022.
Key Takeaways by Business Mavericks
- Mukesh Ambani, the founder and CEO of Reliance Industries, is the richest person in India with a net worth of $90.3 billion.
- Following Musk is Adani Groups’ founder Gautam Adani, with an estimated net worth of $89.8 billion.
- The billionaires whose fortunes increased the most in 2022 include Gautam Adani, Mukesh Ambani, Savitri Jindal, Dilip.
Conclusion
In the second year of the pandemic, India’s richest people have increased their cumulative wealth by nearly 50 per cent. Mukesh Ambani remains the richest person in India for the 14th consecutive year since 2008.
Even though Gautam Adani replaced Mukesh Ambani as the richest person in India Mukesh Ambani Founder of Reliance Industries reclaimed his favourite spot in just a few trading sessions. Currently, Gautam Adani is now just behind Ambani ( $9 billion Difference ) with a fortune of $80.1 billion.
Savitri Jindal has re-entered the top 10 richest people in India with $16.8 billion. Four pharma billionaires suffered a loss of wealth. India’s 100 richest person in India are now worth over $700 billion.
Also, read our new article to know Who Is The Richest Person In The World 2022.
Reference: Forbes, Wikipedia.