Introduction
India has created a fair number of billionaires, and some of them are even ranking considerably among the top 10 richest persons in the world. Coming from various industrial backgrounds, Indian billionaires have assisted in building the economy of the country in a significant way.
Wealth will surely fluctuate because of the unstable market conditions especially as most of these richest persons invest in stocks that are publicly traded. After the United States and China India ranks third in the world based on the number of richest persons.
Top 10 richest persons in India
Here is a list of the top 10 richest persons in India based on their net worth.
1. Gautam Adani
Net Worth: $152.2 Billion
City: Ahmedabad
Adani’s net worth increased for the second year, partially on increasing shares of the listed Adani Green Energy which is a listed solar power producer. He is an infrastructure tycoon who is doubling his renewables and has plans to make an investment of $70 billion for achieving his wish of becoming the biggest producer of renewable energy across the world by the year 2030. He is the richest among top 10 richest persons in India.
2. Mukesh Ambani
Net worth: $91.4 Billion
City: Mumbai
Mukesh Ambani who started with oil and gas petrochemicals has drawn out a green future because of Reliance Industries with further plans of investing $80 billion in the coming 15 years in renewable energy. His plans include the building of a new complex that will be named after his late father, Dhirubhai Ambani. This building will consist of four major factories and will be located close to the oil refinery in Jamnagar in the western part of India. He is the second richest among top 10 richest persons in India.
3. Shiva Nadar
Net worth: $21.8 Billion
City: Delhi
He is a tech pioneer who was the co-founder of $11.2 billion (revenue HCL technologies which is counted among the biggest providers of software services. He is now chairman emeritus and also a strategic advisor to the board. His daughter Roshni Nadar Malhotra is the chairman of the company that employs 198000 people in 58 countries. As per net worth he is in the third position among top 10 richest persons in India.
4. Cyrus Poonawala
Net worth: $21.7 Billion
City: Pune
A major portion of the covid-19 vaccine given to people of India has been given by Poonawala’s private institute Serum Institute of India. It manufactures the Covishield vaccine after getting a license from AstraZeneca. Because of all his efforts, the Indian Government bestowed him with the Padma Bhusan which is one of the highest awards for civilians. Now he is in the fourth position among top 10 richest persons in India.
5. Radhakishan Damani
Net worth: $19.8 Billion
City: Mumbai
One of the Veteran stock market investors entered retailing about two decades ago with one grocery store and then built it into a chain of supermarkets known by the name Avenue Supermarts which operates about 271 D mart stores around the country. Radhakishan Damani along with his brother Gopikishan who is also a billionaire purchased a house in South Mumbai costing over $100 million. Presently, he is the fifth richest among top 10 richest persons in India.
6. Savitri Jindal
Net worth: $17.0 Billion
City: Hisar
Chairperson Emeritus of O.P.Jindal group which is a steel and power corporation named after her late husband. The company benefited because of the increasing price of a share of a group of companies JSW Steel and JSW Energy. Both the companies are run by her son Sajjan Jindal based out of Mumbai.
7. Kumar Birla
Net worth: $15.3 Billion
City: Mumbai
He was the chairman of the $45 billion (revenue) Aditya Birla Group, an expansive corporation that was named after his late father since the year 1995. Last year, Birla abdicated as chairman of debt-loaded, loss-making company Vodafone Idea created in 2018 through the merger of his Idea cellular and the Vodafone group. He gave his stake to the Government. The retail arm of his group purchased Reeboks India Operations.
8. Sunil Bharti Mittal & family
Net worth: $15.0 Billion
City: Delhi
He is the chairman and Group CEO of Bharti Enterprise, headquartered in New Delhi. The company has diversified its business in different sectors including telecom, insurance, real estate, education, malls, hospitality, Agri and food besides other ventures. Bharti Airtel, Airtel digital tv and Bharti foundation are the group’s flagships. The company under his leadership is world’s largest and India’s second largest telecom company.
9. Uday Kotak
Net worth: $14.9 Billion
City: Mumbai
Uday Kotak is India’s richest self-made banker who converted his finance firm into Kotak Mahindra Bank. He had secured the banking license about 9 years ago. In the year 2018, he was appointed as non-executive chairman of Infrastructure Leasing and Financial Services, but he resigned this year April.
10. Lakshmi Mittal
Net worth: $14.5 Billion
Source of wealth: Steel
City: London
With the increase in the price of steel the wealth of the executive chairman of Arcelor Mittal got a boost. The company got a total profit of about $15 billion in 2021 when compared with the $733 million loss last year.
Conclusion
So, this is the list of the top 10 richest people in India.
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