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Top 10 Richest Person in India 2023 List of India’s Richest People and Complete Information: There are many billionaires in a great country like India, some of whom are among the richest people on this earth planet. The 10 billionaires of India who have many industries and family assets, these people have made major economic contributions in making the country strong and happy. Due to volatile market conditions, money keeps fluctuating, look at Adani ji in the latest news, he has become the second richest man in the world.
Who is the Richest Person in India in 2023?
Gautam Adani is the Richest Person in India he is at the top of the list with a Real time net worth of $136 billion. he is the World’s attained second position in the list with a net worth of $155.5 billion on Forbes’ Real-Time billionaire rankings, but immediately came down to the third spot with a fall in the share prices in the world.
Top 10 Indian Richest Man list in 2023
- Gautam Adani ($136 billion)
- Mukesh Ambani ($92 billion)
- Shiv Nadar ($25.90 billion)
- Cyrus Poonawalla ($21.5 billion)
- Radhakishan Damani ($17.7 billion)
- Savitri Jindal ($17.3 billion)
- Lakshmi Niwas Mittal ($15.9 billion)
- Kumar Mangalam Birla ($15.7 billion)
- Dilip Shanghvi ($15.5 billion)
- Uday Kotak ($14.7 billion)
1. Gautam Adani
Net Worth: $136 billion
Residence: Ahmedabad, India
Industry: Infrastructure, Commodities
Source of Wealth: Adani Groups
Adani Groups Ownership Stake: 74%
Indian tycoon Gautam Shantilal Adani was born on June 24, 1962. Adani is the president and founder of Adani Group, a multinational business with offices in Ahmedabad, which develops and operates ports around India. Additionally, he serves as the chief of the Adani Foundation, which is mostly run by his wife Preeti Adani.
With a net worth of USD 158.3 billion as of September 21, 2022, he is the richest person in both India and Asia. According to bloomberg billionaires index, he is the second richest person in the world after Elon Musk, and he is also ranked second in Forbes’ real-time billionaire index.
Adani Group provides funds for the Adani Foundation, whose responsibility is with Adani. It was started back in 1996. Apart from Gujarat, the organization also operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh and Odisha.
Through his organization’s charitable branch, he donated 100 crores (about US$ 13 million) to the PM Cares Fund in March 2020 to deal with the coronavirus outbreak. The Gujarat CM Relief Fund received a donation of 5 crore (US$63,000), and the Maharashtra CM Relief Fund received a donation of 1 crore (US$130,000).
From Dammam in Saudi Arabia to Mundra in Gujarat, the Adani Group, a miscellaneous corporation led by Adani, imported four ISO Cryogenic tanks filled with 80 MT of liquid medicated oxygen. 5,000 oxygen cylinders of a medical quality were also obtained by the group from Linde Saudi Arabia.
Taking to Twitter, Adani said his organization delivers 1,500 cylinders of medical oxygen daily wherever needed in Kutch, Gujarat. Adani pledged to pay Rs 60,000 crore ($7.7 billion) for charitable works in June 2022. Adani Foundation will fund management for Adani, making it one of the largest charitable trusts in India.
Adani wants to be the world’s largest producer of green energy and has said he will invest upto $70 billion on renewable energy projects.
2. Mukesh Ambani
Net Worth: $92 billion
Residence: Mumbai, India
Source of Wealth: Reliance Industries
Reliance Industries Ownership Stake: 56%
Indian businessman Mukesh Dhirubhai Ambani was born on April 19, 1957 and is a billionaire. He is the Chairman and Managing Director of Reliance Industries Limited (RIL). According to Forbes and Bloomberg Billionaires Index, Ambani, who is Asia’s second richest person after Gautam Adani and the 8th richest person in the world, is estimated to have a net worth of USD 95.7 billion as of September 6, 2022.
Ambani was elected as a member of the National Academy of Engineering in 2016 for his leadership in engineering in petrochemicals, oil refining and allied fields and business. Under Ambani’s leadership, Jio launched its line of 4G smartphones called LYF in February 2016. As of June 2016, it was the third best-selling mobile phone brand in India. Reliance Jio InfoComm Limited, also known as Jio, rose reliance shares after the service was launched in September 2016.
According to the “RobinHood Index” published by Bloomberg in February 2018, Ambani’s personal assets were enough to cover the expenses of the Indian federal government for 20 days.
Today, it has more than 420 million subscribers and is readying to launch 5G services. starting from major cities like New Delhi and Mumbai, high-speed internet will be made available across the country.
Ambani has spelled out his succession plan: son Akash is now chairman of Reliance Jio; daughter Isha oversees retail and younger son Anant has been inducted into the new energy business.
3. Shiv Nadar
Net Worth: $25.90 billion
Residence: Delhi, India
Source of Wealth: HCL
HCL Ownership Stake: 59.88%
Shiv Nadar is a millionaire industrialist and philanthropist from India, who was born on July 14, 1945. He founded HCL Technologies Limited and the Shiv Nadar Foundation, and he currently serves as their Chairman Emeritus. Over the ensuing three decades, he constantly focused the company’s attention on transforming IT hardware business into an IT enterprise.
Nadar was awarded the Padma Bhushan Award in 2008 for his work in the IT sector. According to Forbes, with an estimated net worth of $23.9 billion, he is the third richest person in India and the 60th richest person in the world.
In 1967, Nadar started working for the Walchand Group at Cooper Engineering Ltd. in Pune. He soon left it to start his own business, taking the cooperation of many acquaintances and colleagues. These partners included Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and D.S. Puri. Ajay Choudhary was the former chairman of HCL. Arjun Malhotra was the CEO and Chairman of the Headstrong.
The first business nadar and his colleagues started microcomp, a business that was particularly beneficial in the sale of teledigital calculators in the Indian market. HCL was formed in 1976 with an initial investment of Rs 187,000. With the establishment of The Far East Computer in Singapore in 1980, HCL entered the global market by selling IT Gear. Nadar lost all management control but remained key stakeholders.
The leadership of his daughter Roshni Nadar, the first woman to head a publicly traded Indian IT company, was transferred to her in July 2020. In July 2021, Nadar also resigned from his position as managing director of HCL Technologies. The company’s CEO C Vijay Kumar took over for a five-year term.
4. Cyrus Poonawalla
Net Worth: $21.5 billion
Residence: Pune, India
Source of Wealth: Cyrus Poonawalla Group ( Serum Institute of India )
Cyrus S. Poonawalla, a millionaire businessman from India, was born in 1941. He serves as chairman and managing director of the Cyrus Poonawalla Group, which includes the world’s largest manufacturer of vaccines Serum Institute of India. With a net worth of $24.3 billion, he has been placed fourth on the rich list of Forbes India in 2022. According to the Hurun Global Health Care Rich List 2022, they have been placed in the first place.
In 1966, Poonawalla founded the Serum Institute of India, which he developed as the largest vaccine producer (measured in doses) in the world. The serum makes about 1.5 billion doses of various vaccinations per year, including flu, polio and measles.
In May 2019, it was revealed that Poonawalla and Naum Koen had suggested giving Ukraine 100,000 doses of measles vaccine for free vaccination.
5. Radhakishan Damani
Net Worth: $17.7 billion
Residence: Mumbai, India
Industry: Retail, Investments
Source of Wealth: D-Mart
D-Mart Ownership Stake: 65.2%
Radhakishan Shivkishan Damani is the founder of DMart and a multi-billionaire businessman from India. Through his investment company, Bright Star Investments Limited, he also manages his portfolio. According to the Bloomberg Billionaire Index, as of August 19, 2021, he was the 98th richest person in the world.
After HDFC Bank became public in 1995, Damani was reputedly the company’s largest individual shareholder. He saw a significant increase in his income in 1992, which resulted from short sales profits at the time, after the Harshad Mehta scam came to light. He headed a branch of the Cooperative Department Store Apna Bazaar in Nerul in 1999, but was unrelated to its business philosophy.
He currently owns 234 DMart places across India. Damani maintains a modest profile and conducts a few interviews. At the same time, he has instructed Indian billionaire late Rakesh Jhunjhunwala in his share trading methods.
With a net worth of $16.5 billion in 2020, he had reached the fourth position among Indian billionaires. In the list of billionaires around the world, he came in at number 117. His net worth was $18.9 billion and he was rated as the 87th richest person in the world by Forbes in 2022.
Damani holds shares in various businesses, including cement maker India Cements and tobacco company VST Industries. Damani bought 1% of Andhra paper. In May 2020, Damani acquired a 15% stake in India Cements, taking his ownership of the company to 19.89%. Damani has six publicly traded shares in its investment portfolio, valued at around Rs 1,02,077 crore (about USD 13 billion) in 2021.
6. Savitri Jindal
Net Worth: $17.3 billion
Residence: Hisar, India
Source of Wealth: Jindal Groups
Savitri Devi Jindal is an Indian businessman and politician, born on March 20, 1950. He served as honorary chairman of the O.P. Jindal Group. She also works as the president of maharaja Agrasen Medical College’s college in Agroha.
With a net worth of around $4.0 billion, Savitri Jindal is the richest woman in India and the 16th richest person in 2016.
She was also the 453rd richest person in the world in 2016. She is the seventh richest mother in the world and supports charitable causes established by her husband. In 2008, she was awarded the Acharya Tulsi Kartrutva Puraskar by the Akhil Bharatiya Terapanth Mahila Mandal.
Jindal was elected to the Haryana Assembly in 2005 from Hisar constituency, who had earlier been a long-time representative of her late husband Om Prakash Jindal. She was re-elected to the seat in 2009 and was nominated as a cabinet member by the Haryana government on October 29, 2013.
She held the posts of Minister of State for Urban Local Bodies and Housing earlier as well as Minister of State for Disaster Management, Consolidation, Rehabilitation and Housing in the previous cabinet.
After he took over, the company’s revenue surged four-fold. He served as a member of the Haryana Legislative Assembly and held the post of Power Minister till 2010. He is the heritage of Haryana. Trade engineer O.P. Jindal founded the O.P. Jindal Group in 1952.
It developed as a conglomerate for mining, oil, gas, steel and electricity. His four sons, Prithviraj, Sajjan, Ratan and Naveen Jindal, are in charge of each of these four corporate sectors. Jindal Steels is the third largest producer of steel in India.
7. Lakshmi Niwas Mittal
Net Worth: $15.8 billion
Residence: London, United Kingdom
Source of Wealth: ArcelorMittal
ArcelorMittal Ownership Stake: 38%
Lakshmi Niwas Mittal was born on June 15, 1950. He is an Indian steel magnate based in the United Kingdom. He holds the position of president of epperm, a manufacturer of Stainless Steel, and executive chairman of ArcelorMittal, the largest producer of steel in the world. Mittal owns 38% of ArcelorMittal and 20% of EFL Championship team Queen’s Park Rangers.
In 2005, when he was ranked as the third richest person in the world, Mittal became the first Indian to be included in the top ten in Forbes’ annual list of the world’s richest people. He was ranked sixth in terms of wealth by Forbes in 2011, but by March 2015, he had dropped to 82nd position.
Since 2008, Mittal has served on Goldman Sachs’ Board of Directors. He is a member of the European Round Table Conference of Industrialists, the International Business Council of the World Economic Forum, the Global CEO Council of the Chinese People’s Association for Friendship with Foreign Countries, the Foreign Investment Council in Kazakhstan and the World Steel Association Executive Committee.
8. Kumar Mangalam Birla
Net Worth: $15.1 billion
Residence: Mumbai, India
Source of Wealth: Birla Groups
Chairman of the Aditya Birla Group, one of India’s leading international conglomerates, and a billionaire businessman, Kumar Mangalam Birla was born in India on June 14, 1967. He serves as the President of the Indian Institute of Management Ahmedabad and Chancellor of Birla institute of technology and science. Forbes estimates that he is worth $ 17.5 billion in US dollars and he is the 8th richest person in India.
At the age of 28, Birla succeeded his father Aditya Vikram Birla as chairman of the Aditya Birla Group in 1995. The group’s annual turnover increased from US$2 billion in 1995 to US$45 billion in 2021, while more than 50% of the group’s income under his chairmanship comes from operations abroad, and it is currently operating in 36 countries across six continents.
According to the EdelGive Hurun India Philanthropy List 2021, Kumar Mangalam Birla and his family came fourth with their charitable contributions, which were mainly done for the healthcare industry. Aditya Birla Group launches COVID relief efforts worth Rs 500 crore in 2020. This includes a donation of $400 billion to the PM-CARES Fund.
A £15 million scholarship programmed was set up by Kumar Mangalam Birla to support 10 full-time MBA aspirants at the London Business School every year. Birla’s late grandfather Basant Kumar Birla is awarded the BK Birla Scholars Programme. This is the largest endowment scholarship gift scholarship program for a business school in Europe.
9. Dilip Shanghvi
Net Worth: $15.5 billion
Residence: Mumbai, India
Source of Wealth: Birla Groups
One of India’s richest people and a millionaire businessman, Dilip Shanghvi was born on October 1, 1955. Sun Pharmaceuticals was started by him. In 2016, the Government of India awarded him the civilian honour Padma Shri. He was ranked 9th in India Today magazine’s list of the most influential people in the country in 2017.
According to Forbes, with a net worth of USD 15.5 billion, Sanghvi is ranked 7th among Indian billionaires as of September 2022.
Sanghvi began by assisting his father in a Kolkata-based business that involved wholesale distribution of medicines, mainly generic medicines. While they were working on this project, they had the idea of starting making their own medicines instead of reselling drugs made by others.
With a capital investment of Rs 10,000, 27-year-old Sanghvi finally started his first manufacturing facility in 1982. Sun Pharmaceutical Industries is their business name. The facility, which was close to Mumbai in Vapi in his home state of Gujarat, produced just one psychiatric drug.
But thanks to Sanghvi’s business acumen and drive, things moved fast and by 1997 Sun Pharma even managed to buy US firm Caraco Pharma. In 2007, Sun also bought Israel’s Tarot Pharma. In 2012, Shanghvi appointed Israel Markov, the previous CEO of Teva Pharmaceuticals, as president and CEO.
Managing Director Sanghvi was appointed. Sun, Ranbaxy and Daiichi Sankyo (the company’s largest stakeholder) had entered into an agreement in April 2014 under which Sun would buy all outstanding shares of Ranbaxy in Sun Stock for $3.2 billion and Ranbaxy would estimate $800 million in debt.
When the procurement was finalized in March 2015, Sun became the world’s fifth largest and largest pharmaceutical firm in India, while Daiichi became Sun’s second largest stakeholder.
The Reserve Bank of India’s 21-member Central Board Committee welcomed Sanghvi as a new member in January 2018. He is the Chairman of the Board of Governors of IIT Bombay. In 2017, he was appointed trustee of Oxford University’s Rhodes Scholarship Programme.
10. Uday Kotak
Net Worth: $14.7 billion
Residence: Mumbai, India
Source of Wealth: Kotak Mahindra Bank
Indian billionaire banker Uday Suresh Kotak, who was born on March 15, 1959, serves as managing director and executive vice president of Kotak Mahindra Bank.
When India’s economy was still shut down and experiencing slow growth in the early 1980s, Kotak chose to start his own business rather than accept a lucrative offer from a multinational company. He expanded his company to several financial services sectors during the following few years, becoming an important player in bill discounts, stockbroking, investment banking, auto financing, life insurance, and mutual funds.
The Reserve Bank of India granted a banking licence to Kotak Mahindra Finance Limited on March 22, 2003, making it the first corporate entity in the country to do so.
As of April 2021, his wealth was valued at $14.8 billion by the Bloomberg Billionaires Index. When Goldman Sachs sold 25% ownership in two subsidiaries to Mr. Kotak for $72 million, the two companies ended their 14-year association.
Kotak is a member of the Primary Market Advisory Committee of the Securities and Exchange Board of India, the High Level Committee on Financial Infrastructure of the Government of India, the Board of Governors of the National Institute of Securities Markets and ICRIER.
He is serving at the Mahindra United World College and CII National Council of the Governing Board of India. Kotak also sits on the strategic advisory board for a leading national legal practice, Cyril Amarchand Mangaldas.
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