India Richest Person
“India’s richest person” refers to the individual who has the highest net worth in India. Net worth is the sum of a person’s assets (including investments, property, and other valuable possessions) minus their liabilities (such as debts and loans). The ranking of the richest people in India is often compiled and published by various sources, including Forbes, Bloomberg, and Hurun Report, among others. These rankings are based on publicly available information on the individual’s net worth, including their holdings in businesses, investments, and other assets. The person with the highest net worth is considered to be the richest person in India.
Why are they Called for Richest Persons in India
The term “richest person” is used to describe an individual who has the highest net worth among all the people in a given location or on a global scale. Net worth is a measure of a person’s wealth, which takes into account their assets (such as property, investments, and other valuable possessions) minus their liabilities (such as debts and loans). The term “richest person” is used to denote an individual who has accumulated a significant amount of wealth over time through various means, such as entrepreneurship, business, investment, or inheritance. These individuals are often seen as symbols of success and are widely recognized for their accomplishments and contributions to society. The term is used in the media and popular culture to discuss the financial success and status of individuals who have achieved exceptional wealth.
India's Richest Man 2023 Top 10 List
Top 10 richest men in India 2023 list net worth in USD and INR is now available for review on this page. It is home to many very wealthy individuals. Indian billionaires from various professional backgrounds have contributed to the country’s significant economic progress. Assets move due to volatile market conditions. This is especially true given that most billionaires invest their assets in public companies.
Although the COVID-19 pandemic has ravaged the lives of most Indians during this time, there are many Indians who have been able to significantly increase their wealth. According to sources, in 2021 he will have 18.5% more billionaires born in the country compared to the previous year.
Interestingly, her four Indians ranked among her 100 richest people in the world. They are Mukesh Ambani, Azim Premji, Shiv Nadar and Lakshmi Mittal. A total of 106 Indians made the 2023 list of India’s richest men.
Top 10 Richest Indian Men and Net Worth in USD
| Rank | Name | Net worth (USD) | Company | Sources of wealth |
|---|---|---|---|---|
| 1 | Mukesh Ambani | 94.3 billion | Reliance Industries | Petrochemicals, telecom, retail |
| 2 | Gautam Adani | 50 billion | Adani Group | Commodities, ports, power generation and transmission, real estate, defense, airport and data centre |
| 3 | Shiv Nadar | 28.7 billion | HCL Technologies | IT services and consulting |
| 4 | Cyrus Poonawalla | 24.3 billion | Serum Institute of India | Vaccines |
| 5 | Radhakishan Damani | 20.0 billion | Avenue Supermarts, DMart | Investments, retail |
| 6 | Lakshmi Mittal | 17.9 billion | ArcelorMittal | Steel |
| 7 | Savitri Jindal | 17.7 billion | JSW GroupJindal Steel & Power | Steel, energy, cement and infrastructure |
| 8 | Kumar Mangalam Birla | 16.5 billion | Aditya Birla Group | Textiles, telecom, cement |
| 9 | Dilip Shanghvi | 15.6 billion | Sun Pharmaceutical Industries | Pharmaceuticals |
| 10 | Pallonji Mistry | 15 billion | Shapoorji Pallonji Group | Construction, real estate |
| 11 | Uday Kotak | 14.3 billion | Kotak Mahindra Bank | Banking |
| 11 | Sunil Mittal | 13.9 billion | Bharti Enterprises | Telecom |
| 12 | Hinduja brothers | 12.7 billion | Hinduja Group | Trucks, lubricants, banking, cable television, etc |
| 13 | Azim Premji | 9.8 billion | Wipro Group | IT services and consulting |
| 14 | Kushal Pal Singh | 8.8 billion | DLF | Real estate |
| 15 | Bajaj brothers | 8.6 billion | Bajaj Group | Auto, finance, electrical, steel |
List of Top 10 Richest India Men by Net Worth
Dear Sir/Madam, It is my pleasure to introduce Mr. Mukesh Ambani who holds the title of Richest Person in India.He is Chairman of Reliance Group. Mukesh Ambani continues to top the Forbes list as India’s richest person. He has a net worth of $90 billion in today’s dollars.
One of India’s fastest billionaires is Gautam Adani. He is known for his close relationships with influential politicians. His fortune is estimated at $90 billion, making him the second richest person in Indian history. This multi-billion dollar conglomerate operates in multiple industries.
He is one of the co-founders of HCL Technologies with a current net worth of US$28.7 billion. HCL is his fourth largest software services company in India and Nadar is the company’s chairman. HCL’s earnings are his $11.2 billion. A philanthropist, Shiv Nadar heads his Shiv Nadar Foundation, which provides financial support to organizations working to improve educational opportunities.
Cyrus Poonawalla is one of the world’s most successful vaccine manufacturers. Serum laboratories in India are reported to produce 1.5 billion doses of vaccine annually. These vaccines protect against diseases such as polio, measles and influenza. As a direct result of his achievements, Cyrus Poonawalla has a net worth of $24.3 billion, which puts him at number four on the 2023 list of India’s richest men.
An investor named Radhakishan Damani ranks fifth on the list of India’s richest people. He ranks 78th on his list of billionaires in the world in 2022 and has a net worth of $20 billion. Damani is a well-known investor in Mumbai and has interests in various companies such as Alibagh’s Radisson Heburu Resorts, VST Industries (tobacco manufacturer) and United Heb Brewery (beer manufacturer).
Steel mogul Lakshmi Mittal is India’s fourth richest person with her net worth of $17.9 billion. Mittal is known worldwide for its success in the steel industry. In 2006 he was ranked 89th on the billionaire list created when Mittal’s company Mittal Steels merged with Arcelor (France). It has brought Mittal to the forefront of the business world. Lakshmi Mittal is leading the effort.
Aditya Birla Group, led by Kumar Mangalam Birla, operates in 14 different industries and in the United States he has a turnover of US$44.3 billion. The company owns several well-known brands such as Allen Solly, Van Heusen, Pantaloons and Ultra Tech Cement. Furthermore, in August 2018, the Group was able to successfully complete the merger of Idea Cellular and Vodafone India, creating India’s most important telecommunications company.
Sun Pharma is the fourth largest manufacturer of specialty generics. Dilip Shanghvi is the founder of the company. His fortune is estimated at $15.6 billion, making him the 115th richest person in the world. India’s most valuable pharmaceutical company has $4.5 billion in sales as of March 2021, and India’s eighth richest man owns such a company.
Mumbai, his Shapoorji Pallonji Group, the 10th richest man in India, oversees this giant construction company. With a total fortune of $15.7 billion, he is the 125th richest person in the world and the 9th richest person in India. The SPG Group is a highly diverse organization whose name is associated with the names of 18 prominent companies.
Kotak Mahindra Bank has a market capitalization of US$14.3 billion and Uday Kotak serves as Vice Chairman and Managing Director of the company. He ranks 129th on the list of the richest people in the world and 10th on the list of the richest people in India.Kotak Mahindra Bank announced in 2014 that he had acquired ING Bank’s Indian business. Completed and now he is one of the four largest private banks in India