The 10 Richest Persons in India
If we were to debate over the richest person in India, we know who the winner will be! India’s economy has been a fascinating subject for global economists. It has been on the debate table ever since the descend of the British empire in India. While the COVID-19 pandemic shook the grounds of the economy, India emerged from the puddle—with an estimated two-digit GDP during 2021-22.
It is true for a fact that wealth never remains stagnant—irrespective of the industrial scenario—but rather keeps fluctuating. As history speaks, India has produced several entrepreneurs and- billionaires such as Ratan Tata–with a net worth in billions. (estimated ratan tata net worth in 2021:$1billion )
Today, India is home to several billionaires who occupy distinct positions on the global list of wealthiest people. Despite the economic and financial atrocities of the pandemic, prosperity continues to bloom amongst the richest person in India who keep adding billions to their financial accounts every year.
Business APAC compiled a list of the 10 Richest Persons in India who are keeping the flame of wealth and economy alive with their monetary possession and stature:
1. Mukesh Ambani
Net Worth- $84.5 billion
Wealth Source- Diversified
Mukesh Dhirubhai Ambani is not just the richest person in India, but the richest person in Asia. The chairman of Reliance Industries topped has been topping the list of Richest Persons in India for years and continues to remain the central figurine of India’s economic debate. Moreover, Ambani has successfully diversified his oil and gas empire into fast-rising sectors such as telecom and retail and aced the list of the top richest Indians.
2. Gautam Adani
Net worth: $50.5 billion
Wealth Source: Infrastructure
The only person who has continued to preserve his position amongst one of the top 10 Richest Persons in India, after Mukesh Ambani, is Gautam Adani. The Indian billionaire industrialist and philanthropist is the second richest person in India. Adani is the chairman and founder of Adani Group—an Ahmedabad-based multinational conglomerate involved in port development and operations in India.
3. Shiv Nadar
Net worth: $23.5 billion
Wealth Source: Software Services
The Indian billionaire, businessman, and philanthropist is the owner and chairman of the renowned ‘Emeritus of HCL Technologies Limited’. Apart from being a popular industrialist, Shiv Nadar is well recognized for his philanthropic activities and initiatives. The third richest person in India is also the founder and chairman of the ‘Shiv Nadar Foundation.’
4. Radhakishan Damani
Net worth: $16.5 billion
Wealth Source: Retail, Investments
Radhakishan S. Damani is the fourth billionaire to secure one of the top positions amongst the richest people in India. Damani is not only a billionaire investor and business but is the founder of the famous D Mart. He manages his portfolio through his investment firm—Bright Star Investments Limited. Damani surpassed a personal tragedy in the past to become a billionaire and renowned businessman—occupying the fourth position amongst the list of the top 10 Richest Persons in India.
5. Uday Kotak
Net worth: $15.9 billion
Wealth Source: Banking
The world-famous banker occupies is also one of the richest persons in India—with a net worth of billions. Uday Suresh Kotak is the executive vice-chairman and managing director of Kotak Mahindra Bank. Kotak ventured on the journey of establishing the bank during the late 1980s when India was at its embryonic economic stage. Irrespective of the financial circumstances, he decided to start on his own, refusing a lucrative job option from a multinational. Thus, Kotak Mahindra was established.
6. Laxmi Mittal
Net worth: $14.9 billion
Wealth Source: Steel
By establishing his namesake steel company, Laxmi Niwas Mittal generated a fortune worth in billions. Considered as an Indian steel magnate, Laxmi Mittal is the Executive Chairman of ArcelorMittal, the world’s largest steelmaking company, as well as Chairman of stainless-steel manufacture Aperam. For years, Mittal has been on the list of the top richest persons in India.
7. Kumar Birla
Net worth: $12.8 billion
Wealth Source: Commodities
The renowned and legendary Kumar Mangalam Birla is one of the famous billionaires of India. Birla is referred by several titles such as billionaire, entrepreneur, philanthropist, industrialist, and many more. He is the fourth-generation heir and the current chairman of Aditya Birla Group which is one of the largest conglomerates in India. He took over the higher executive position of the Aditya Birla Group at a very young age and is well-known for his dynamic stewardship.
8. Cyrus Poonawalla
Net worth: $12.7 billion
Wealth Source: Vaccines
The 80-year-old Indian billionaire swooped into the list of the top 10 richest people in India as one of the biggest manufacturers of COVID-19 vaccines. Cyrus Poonawalla is the chairman & managing director of the Cyrus Poonawalla Group. This includes the Serum Institute of India—an Indian biotech company that is the largest vaccine manufacturer in the world. Cyrus Poonawalla, along with the Serum Institute, gained massive recognition in the industrial market during 2020.
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