Follow the top ten richest Persons in India list in 2023. India has produced a significant number of billionaires, with many of them ranking among the world’s wealthiest individuals.. the Indian billionaires have made significant contributions to the country’s economy, coming from a variety of industry backgrounds. Wealth is bound to fluctuate in volatile market conditions, especially since the majority of billionaires’ fortunes are invested in publicly traded stocks. According to Forbes’ ‘The World’s Real Time Billionaires 2023,’ the following are the list of top 10 richest men in India 2023.
1. Gautam Adani and family
Gautam Adani & family are the richest people in India, and also one of the richest people in the world. He won the first rank in India with a staggering net worth of $112.6 billion. Gautam Adani is the owner of Gujarat’s largest port, Mundra. Adani Group’s holdings span industries such as power generation and transmission, real estate, commodities, and infrastructure. Adani acquired a 74% stake in India’s second busiest airport, Mumbai International Airport, in September 2020. Adani also owns the Abbot Point coal mining project in Australia.
2. Mukesh Ambani
Mukesh Ambani has a net worth of $100.0 billion and is one of the richest man in the India, ranking tenth among the world’s richest people in 2022. Reliance Industries‘ founder and chairman have interests in petrochemicals, oil and gas, retail, and telecommunications. Reliance’s 2016 launch of 4G phone services in the Indian telecom market sparked a price war, causing strong whirls and forcing several networks out of business. During the COVID-19 lockdown, Mukesh Ambani sold a third of Jio to investors such as Google and Facebook, raising more than $20 billion.
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3. Shiv Nadar
Shiv Nadar, the creator of HCL, is the third richest billionaire in India, with an estimated value of $28.7 billion in 2022. HCL began manufacturing calculators and microprocessors in 1976 and is now one of the top software service providers in the country, with a $102 billion revenue. HCL Technologies has 169,000 employees spread across 50 countries. Shiv Nadar’s daughter took over as CEO of HCL when Shiv Nadar stepped down in 2020. Shiv Nadar now serves as chairman emeritus. He is a notable philanthropist in the nation, having donated over $662 million to the Shiv Nadar Foundation to assist educational causes.
4. Cyrus Poonawalla
Cyrus Poonawalla’s net worth is $25.8 billion, making him India’s sixth richest person in 2022. In 1966, he launched the Serum Institute of India, which is now the world’s largest vaccine manufacturer in terms of doses. The company manufactures more than 1.5 billion doses of flu, polio, and measles vaccinations. His son, Adar, is the CEO of Serum, which has also committed over $800 million to the construction of a new plant making Covid-19 vaccines.
5. Radhakishan Damani
Radhakishan Damani’s net worth of $20.2 billion makes him fourth among India’s richest people. He was the Avenue Grocery champion and the country’s retail king after the supermarket chain completed the I|PO in March 2017. He began selling in India with just one grocery in a Mumbai neighbourhood. The retail business now operates over 221 DMart locations across the country. Damani also owns an interest in the tobacco company VST and India Cements. He owns the 156-room Radisson Blu Resort in Alibag, a popular coastal resort near Mumbai.
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6. Savitri Jindal and Family
Savitri Jindal and their family are the sixth richest people in India, with a net worth of $19.9 billion in 2022. Jindal Group’s interests include electricity, cement, infrastructure, and steel. Savitri Jindal, the widow of Om Prakash Jindal, the founder of the Jindal Group, now chairs the organisation. Om Prakash Jindal died in a helicopter crash in 2005, and the group’s businesses were split among his four sons.
7. Lakshmi Mittal
Lakshmi Mittal, who has a net worth of $182 billion, is ranked seventh on the list of India’s richest people in 2022. He is the chairman of ArcelorMittal, the world’s largest steel and mining corporation by production, with $53.3 billion in revenue. Arcelor and Nippon Steel purchased Essar Steel in 2019, which was formerly held by billionaires Ravi Ruia and Shashi. Lakshmi Mittal remains Arcelor Mittal’s executive chairman despite handing up the CEO post to his son Aditya Mittal.
8. Kumar Birla
Kumar Birla is India’s ninth richest person, with a net worth of $17.5 billion. He is the Aditya Birla Group’s CEO and the commodities king, with a $46 billion revenue. In addition to communications and financial services, the business has holdings in aluminium and cement. Kumar Birla stepped down as chairman of Vodafone India in August 2021, after which Idea Cellular and Vodafone India merged in 2018.
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9. Dilip Shanghvi
Dilip Shanghvi’s net worth of $16.3 billion makes him ninth among the country’s richest people in 2022. His father handed him $200 in 1983 to launch Sun Pharma, which manufactured psychiatric medications. With annual sales of $4.5 billion, the company is now one of the nation’s leaders in pharmaceutical supply. Sun Pharma expanded through multiple acquisitions, the most significant of which was the $4 billion purchase of Ranbaxy Laboratories in 2014. Shanghvi has recently invested in oil and gas as well as renewable energy.
10. Sunil Mittal and family
Sunil Mittal ranks tenth on the list of India’s top ten richest people, with a net worth of $15.3 billion. Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, is the owner of India’s second biggest telecom business, Bharti Airtel. Mittal is well noted for his contributions to Indian education through the Bharti Foundation, the charitable arm of Bharti Enterprises.