India has emerged as a global economic powerhouse, producing some of the wealthiest individuals in the world. These magnates, spanning diverse industries, have significantly influenced not only the Indian economy but also global markets. This article provides an in-depth look at the top 20 richest individuals in India, highlighting their contributions, industries, and the trends shaping their wealth.
Criteria for Ranking
The list is based on data from credible sources like Forbes, Hurun, and Bloomberg, as of December 2024. Rankings are determined by net worth, business influence, and sectoral contributions. The figures reflect their wealth derived from assets, stocks, and business ventures.
Top 20 Richest Persons in India
1. MUKESH AMBANI
- Net Worth: $119.5 Billion
- Industry: Energy, Telecom
- Key Business: Reliance Industries
- Highlight: Mukesh Ambani continues to dominate with a diverse portfolio ranging from oil and gas to telecommunications and retail.
2. GAUTAM ADANI
- Net Worth: $116 Billion
- Industry: Infrastructure, Ports
- Key Business: Adani Group
- Highlight: Known for his extensive investments in infrastructure and green energy.
3. SAVITRI JINDAL & FAMILY
- Net worth: $43.7 Billion
- Industry: Metals, Mining
- Key business: Jindal steel
- Highlight: Richest woman in India,Jindal Group leader,political and philanthropic icon.
4. SHIV NADAR
- Net Worth: $40.2 Billion
- Industry: Technology
- Key Business: HCL Technologies
- Highlight: A pioneer in India’s IT sector and an active philanthropist.
5. DILIP SHANGHVI & FAMILY
- Net worth: $32.4 Billion
- Industry: Healthcare
- Key Business: Sun pharmaceuticals
- Highlight:Founder of Sun Pharma, revolutionized affordable medicine, expanded globally, and ranks among India’s richest.
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6. RADHAKRISHNA DAMANI & FAMILY
- Net Worth: $31.5 Billion
- Industry: Fashion & Retail
- Key Business: Dmart
- Highlight: DMart founder, retail tycoons, investment experts, known for simplicity and wealth in business.
7. SUNIL MITTAL & FAMILY
- Net Worth: $30.7 Billion
- Industry: Telicom
- Key Business: Bharati Airtel
- Highlight: Founder of Bharti Airtel, telecom mogul, global entrepreneur, and prominent Indian business leader.
8. KUMAR BIRLA
- Net Worth: $24.8 Billion
- Industry: Diversified
- Key Business: Vodafone Idea , Ultratech cement
- Highlight: Chairman of Aditya Birla Group, leading in telecom, cement, metals, and finance.
9. CYRUS POONAWALLA
- Net Worth: $24.5 Billion
- Industry: Health Care, Bio technology
- Key Business: Serum institute of India
- Highlight: “India’s Vaccine King,” founded Serum Institute, revolutionizing global vaccine production.
10. BAJAJ FAMILY
- Net Worth: $23.4 Billion
- Industry: Diversified
- Key Business: Bajaj auto, Bajaj Finserv
- Highlight: recognized for global leadership, world’s largest 3 wheeler manufacturer and industrial innovation.
11. HINDUJA FAMILY
- Net Worth: $22 Billion
- Industry: Diversified
- Key Business: Ashok Leyland, IndusInd Bank
- Highlight:Global icons for wealth, philanthropy, cultural preservation, and business excellence across diverse industries.
12. KUSHAL PAUL SINGH
- Net Worth: $20.5 Billion
- Industry: Real Estate
- Key Business:DLF Limited, DLF Homes
- Highlight: Real Estate Pioneer, Urban developer
13. SHAPOOR MISTRY & FAMILY
- Net Worth: $20.4 Billion
- Industry: Diversified
- Key Business:Shapoorji Pallonji (construction)
- Highlight: well known for Government tenders , real estate icon
14. RAVI JAIPURIA
- Net Worth: $17.3 Billion
- Industry: Food & Beverage
- Key Business: Varun Beverages Limited , Jaipuria Group
- Highlight:Beverage giant, PepsiCo franchisee
15. LAKSHMI MITTAL
- Net Worth: $16.7 Billion
- Industry: Metal & Mining
- Key Business: ArcelroMittal , ArcelroMittal Mines
- Highlight: Steel magnate, global business tycoon, and founder of ArcelorMittal.
16. SUDHIR & SAMIR MEHTA
- Net Worth: $16.3 Billion
- Industry: Health Care
- Key Business: Torrent Pharmaceuticals
- Highlight: Leaders in pharmaceuticals, power, and renewable energy.
17. MADHUKAR PAREKH & FAMILY
- Net Worth: $14.6 Billion
- Industry: Manufacturing
- Key Business: Fevicol, M-seal, Dr.Fixit
- Highlight: Creators of Fevicol, pioneers in adhesives, construction chemicals, and consumer DIY products globally.
18. UDAY KOTAK
- Net Worth: $14.1 Billion
- Industry: Banking ,Finance & Investments
- Key Business: Kotak Mahindra Bank
- Highlight:Visionary banker, built Kotak Mahindra into a global financial powerhouse.
19. AZIM PREMJI
- Net Worth: $12.2 Billion
- Industry: IT , Consumer care
- Key Business: Wipro limited
- Highlight: Czar of the IT industry, Donated $21 Billions to social Causes
20. MANGAL PRABHAT LODHA
- Net Worth: $11.4 Billion
- Industry: Real Estate
- Key Business: Lodha group
- Highlight: smart City developer , Real Estate Moghal.
FINAL WORDS
As we look at the top 20 billionaires in India in December 2024, it’s clear that these individuals are not just symbols of immense wealth, but also of innovation, hard work, and perseverance. From tech giants to real estate moguls, their success stories paint a picture of India’s evolving business landscape. Their impact goes beyond just financial growth they are driving change, creating jobs, and shaping industries that affect millions of lives. With their continued focus on growth and social responsibility, they set the tone for the future, inspiring the next generation of entrepreneurs to dream bigger and aim higher.
