The billionaire race in India has taken a dramatic turn. Once reigning supreme with their staggering wealth gains, the country’s wealthiest now find themselves struggling to stay afloat in the world’s elite billionaire list. It’s a remarkable reversal of fortune, ushering in a new era in India’s economic landscape, as March 2023 nears its end.
1. Mukesh Ambani – Net Worth: $125.9 billion
Mukesh Ambani is an Indian business magnate and the Chairman of Reliance Industries Limited (RIL), a conglomerate with interests in petrochemicals, refining, oil and gas exploration, telecommunications, retail, and textiles. He was born on April 19, 1957, in Aden, Yemen, to Dhirubhai Ambani and Kokilaben Ambani.
As of 2023, Mukesh Ambani is the richest person in India and one of the wealthiest individuals in the world with a net worth of $125.9 billion, according to Forbes Real-Time Billionaires list.
2. Gautam Adani – Net Worth: $91.8 billion
Gautam Adani is an Indian billionaire industrialist and the Chairman of the Adani Group, a conglomerate with interests in ports, logistics, agribusiness, power generation, and renewable energy. He was born on June 24, 1962, in Ahmedabad, Gujarat, India.
Under Gautam Adani’s leadership, the Adani Group has expanded its operations in India and overseas, with a presence in countries such as Australia, Indonesia, and Myanmar. He has also been involved in several large-scale infrastructure projects, including the construction of India’s largest private port at Mundra in Gujarat.
3. Shiv Nadar – Net Worth: $37.9 billion
Shiv Nadar is an Indian billionaire entrepreneur and philanthropist, and the founder of HCL Technologies, one of India’s largest information technology companies. He was born on July 14, 1945, in Moolaipozhi village in Tamil Nadu, India.
As of 2023, Shiv Nadar has a net worth of $37.9 billion, according to Forbes Real-Time Billionaires list, making him one of the wealthiest individuals in India. He has received several awards and honors for his contributions to the Indian IT industry and philanthropy, including the Padma Bhushan and Padma Vibhushan, two of India’s highest civilian honors.
4. Radhakishan Damani – Net Worth: $29.8 billion
Radhakishan Damani is an Indian billionaire investor and entrepreneur. He is the founder of DMart, one of India’s largest retail chains, and is considered to be one of the most successful investors in the Indian stock market. He was born on March 15, 1954, in Bikaner, Rajasthan, India.
In addition to his retail business, Radhakishan Damani is also a successful investor in the Indian stock market. He is known for his value investing approach and has made several successful investments in companies such as VST Industries, Sundaram Finance, and Blue Dart Express. Radhakishan Damani has a net worth of $29.8 billion, according to Forbes Real-Time Billionaires list, making him one of the wealthiest individuals in India.
5. Pallonji Mistry – Net Worth: $22.9 billion
Pallonji Mistry is an Indian billionaire businessman and the Chairman of the Shapoorji Pallonji Group, a conglomerate with interests in construction, real estate, infrastructure, textiles, and engineering. He was born on June 5, 1929, in Mumbai, India.
Pallonji Mistry inherited his stake in the Shapoorji Pallonji Group from his father, Shapoorji Mistry, who founded the company in 1865. Under his leadership, the company has grown into one of India’s largest conglomerates, with a presence in over 70 countries. Pallonji Mistry has a net worth of $25.5 billion, according to Forbes Real-Time Billionaires list, making him one of the wealthiest individuals in India.
6. Cyrus Poonawalla – Net Worth: $22.1 billion
Cyrus Poonawalla started his career as a horse breeder and later ventured into the biotech industry. In 1966, he founded the Serum Institute of India, which initially produced anti-tetanus and anti-snake venom sera. Over the years, the company has expanded its operations and is now a major manufacturer of vaccines, including those for polio, measles, and COVID-19.
In addition to his business ventures, Cyrus Poonawalla is also known for his philanthropy. He has established the Cyrus Poonawalla Group of Companies Charitable Trust, which supports various causes, including education and healthcare. Cyrus Poonawalla has a net worth of $20.6 billion, according to Forbes Real-Time Billionaires list, making him one of the wealthiest individuals in India.
7. Lakshmi Mittal – Net Worth: $19.4 billion
Lakshmi Mittal is an Indian-born British businessman and the Chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. He was born on June 15, 1950, in Sadulpur, Rajasthan, India.
As of 2023, Lakshmi Mittal has a net worth of $19.9 billion, according to Forbes Real-Time Billionaires list, making him one of the wealthiest individuals in India and the United Kingdom. He has been recognized for his contributions to the field of business and has received several awards and honors, including the Padma Vibhushan, one of India’s highest civilian honors, and the European Businessman of the Year award.
8. Savitri Jindal – Net Worth: $18.7 billion
Savitri Jindal inherited the Jindal Group from her late husband, O.P. Jindal, who founded the company in 1952. Under her leadership, the company has grown into one of India’s largest business conglomerates, with a presence in over 100 countries.
In addition to her business ventures, Savitri Jindal is also known for her philanthropy. She has established the Savitri Jindal Foundation, which supports various charitable causes, including education and healthcare. Savitri Jindal has a net worth of $7.1 billion, according to the Forbes Real-Time Billionaires list, making her one of the wealthiest women in India.
9. Uday Kotak – Net Worth: $16.7 billion
Uday Kotak is an Indian businessman and the founder and CEO of Kotak Mahindra Bank, one of India’s largest private-sector banks. He was born on March 15, 1959, in Mumbai, India.
Uday Kotak started his career as a financial consultant and later ventured into the banking industry. In 1985, he founded Kotak Mahindra Finance Limited, which was later converted into a bank in 2003. Under his leadership, Kotak Mahindra Bank has grown into one of India’s largest banks with a wide range of financial products and services. Uday Kotak has a net worth of $14.1 billion, according to the Forbes Real-Time Billionaires list, making him one of the wealthiest individuals in India.
10. Cyrus Pallonji Mistry – Net Worth: $16.1 billion
Cyrus Pallonji Mistry is an Irish-Indian businessman and the former Chairman of Tata Sons, one of India’s largest conglomerates. He was born on July 4, 1968, in Mumbai, India.
Cyrus Mistry started his career in the construction industry and later ventured into the corporate world. In 2012, he was appointed as the Chairman of Tata Sons, becoming the first non-Indian to hold the position. However, his tenure was short-lived, and he was ousted from the position in 2016 following a dispute with the Tata Group. As of 2023, Cyrus Mistry’s net worth is not publicly available, and he is not listed on the Forbes Real-Time Billionaires list.
