Strong corporate results and expectation of further rate cut by the Reserve Bank of India helped the month start strongly. However, the initial euphoria was dampened by concerns about rising prices, the looming global crisis and local political unpredictability.
Details of Top 10 Richest People in India in 2023
With a net worth of $90.8 billion, Mukesh Ambani is India’s richest man among the 167 billionaires listed. He is currently the 13th richest person in the world.
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The 10 richest people in 2023
| Name and rank in India | World Position | Net worth (USD) | Company |
| #1 Mukesh Ambani | 12 | $95.0 billion | Trusted Industries |
| #2 Gautama Adani | 24 | 54.4 billion dollars | Adani Group |
| #3 Shiv Swim | 53 | 28.6 billion dollars | HCL Technologies |
| #4 Savitri Jindal and family | 73 | 22.5 billion dollars | JSW Group |
| #5 Cyrus Poonawalla | 81 | 20.2 billion dollars | Serum Institute of India |
| #6 Dilip Shanghvi | 91 | $18.3 billion | Sunshine Pharmaceutical Industries Ltd |
| #7 Radhakishan Damani | 101 | 16.8 billion dollars | DMart, Supermarts Avenue |
| #8 Lakshmi Mittal | 104 | 16.7 billion dollars | ArcelorMittal |
| #9 Kumar Birla | 106 | $16.2 billion | Aditya Birla Group |
| #10 Uday Kotak | 131 | 13.2 billion dollars | Kotak Mahindra Bank |
1. Mukesh Ambani
- Age: 65 years
- Net worth: $90.0 billion
- Source of wealth: Reliance Industries Ltd
The richest person in India is Mukesh Ambani, chairman and managing director of Reliance Industries. Reliance Industries has revenue of more than Rs 8 lakh crore ($104 billion), according to Forbes. It works in a variety of industries, including petrochemicals, oil and gas, retail, telecommunications, and others. Akash, Anant and Isha Ambani, the three children of the company, are actively involved in the management of various departments.
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2. Gautama Adani
- Age: 60 years
- Net worth: $57.3 billion
- Source of wealth: Adani Group
Indian billionaire businessman Gautam Shantilal Adani is known for founding and leading the Adani Group, a global corporation dedicated to port operations and development in India. Gautam Adani’s wife, Priti Adani, is the director of the Adani Foundation, which he founded in 1996. Ports, airports, electricity generation and transmission, and renewable energy are just some of the industries in which the company has corporate interests. The country’s largest port, Mundra Port in Gujarat, is owned by Adani, also known as India’s largest airport operator.
An American company called Hindenburg Research accused Adani and his companies of financial fraud and stock market manipulation in January 2023. The market value of the Adani Group companies was destroyed by about $120 billion as a result of the precipitous collapse. of stock prices that followed the publication. from The Study.
3. Shiv Nadar
- Age: 77 years
- Net worth: $27.4 billion
- Source of Wealth: HCL Enterprise
The owner of HCL group is Shiv Nadar. HCL’s renowned clients include Cisco, Microsoft and Boeing. In 2008, the Indian government awarded Mr. Nadar the Padma Bhushan, the third highest civilian honor in India, in honor of his outstanding contributions to the IT sector. Nadar is a well-known philanthropist who donated $1.161 million as of the end of 2022.
4. Savitri Jindal and family
- Age: 72 years
- Net worth: $20.7 billion
- Source of wealth: OP Jindal Group
Savitri Jindal is a prominent Indian businesswoman and politician who now serves as Director Emeritus of OP Jindal Group. Her four sons, Prithviraj, Sajjan, Ratan and Naveen Jindal, oversee the company’s numerous divisions. She also operates as part of the conglomerate covering India, US, South America, Europe and Africa JSW Sports, the sports arm of the JSW Group. It aims to actively support the growth of a thriving sports ecosystem in India. The richest lady in India is Savitri Jindal.
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5. Cyrus Poonawalla
- Age: 81 years
- Net worth: $32.0 billion
- Source of wealth: Serum Institute of India
Cyrus Poonawalla, who played a crucial role in creating the Indian vaccine, stands to benefit the most from increased sales and profits thanks to his ownership of the privately held Serum Institute of India. He manages it with the help of his son Adar. Pune houses the main office of the institute. In particular, the Serum Institute enjoys the prestigious distinction of being the largest vaccine manufacturer in the world. Cyrus Poonawalla’s recent rise in wealth can be partly attributed to the widespread use of Covid-19 vaccines developed by the SII.
6. Dilip Shanghvi
- Age: 67 years
- Net worth: $18.5 billion
- Source of wealth: Sun Pharmaceuticals
Dilip Shanghvi is a well-known entrepreneur in India and the brain behind Sun Pharmaceutical Industries, the country’s first pharmaceutical company valued at $5 billion. He expanded Sun through a series of acquisitions, the largest of which was the $4 billion acquisition of scandal-tainted Ranbaxy Laboratories in 2014.
7. Radhakishan Shivkishan Damani
- Age: 68 years
- Net worth: $15.8 billion
- Source of wealth: Avenue Supermarts Limited
Radhakishan Shivkishan Damani, an investor and entrepreneur, founded Avenue Supermarts Limited, which oversees over 200 DMart locations in India. He also oversees his investment activities through his company, Bright Star Investments Limited.
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8. Lakshmi Mittal
- Age: 72 years
- Net worth: $16.2 billion
- Source of wealth: ArcelorMittal
The world’s largest steel producer, ArcelorMittal, is now led by Lakshmi Mittal as chairman and CEO. Essar Steel, previously controlled by Shashi and Ravi Ruia, was successfully bought by ArcelorMittal for $5.9 billion in 2019 in partnership with Nippon Steel. Mittal retained his role as CEO of ArcelorMittal in 2021, but gave the CEO role to his son, Aditya Mittal. ArcelorMittal’s factory in Kryvyi Rih in Ukraine had to stop operations as a result of the recent Russian invasion of that country.
9. Kumar Birla
- Age: 55 years
- Net worth: $15.4 billion
- Source of wealth: Hindalco Industries
Kumar Birla, a well-known personality in the commodities industry, becomes the new CEO of the Aditya Birla Group. The firm offers financial services in addition to its work in the cement and aluminum industries. Birla also served as non-executive chairman of telecom company Vodafone Idea. However, he resigned from that position in 2021 as a result of the company’s increasing debt. Birla has been appointed by the firm as a non-executive director from 2023.
Ananya and Aryaman Birla’s children have just joined the boards of their key companies. Birla anticipates that they would infuse the company with new ideas, enthusiasm and vigour.
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The prestigious position of Founder and CEO of Kotak Mahindra Group is held by Uday Kotak, a well-known person in India. Uday Kotak took the decision to reduce his ownership of the bank in 2020 to increase regulatory flexibility and boost compliance. In terms of succession planning for the organization, Uday Kotak has been grooming his son, Jay Kotak, to take on a senior role there.
India is home to some of the richest people in the world. The list of India’s richest people is dominated by tycoons and entrepreneurs who have made their fortunes through various industries such as technology, manufacturing and finance. One of the most prominent names on this list is Mukesh Ambani, chairman of Reliance Industries, whose net worth exceeds billions of dollars. Other notable figures include Gautam Adani, founder of the Adani Group, and Shiv Nadar, co-founder of HCL Technologies. These people have not only amassed enormous wealth but have also made significant contributions to the Indian economy through their businesses and philanthropic efforts. Their success stories serve as an inspiration to many aspiring entrepreneurs in India and around the world.
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