Top 20 Richest People India 2024; Ambani, Adani, & Rising Billionaires
As of December 2024, India’s economic landscape is significantly influenced by its wealthiest individuals, whose ventures span various industries and contribute substantially to the nation’s GDP. Here is an overview of the top 20 richest people in India, highlighting their net worth, primary business ventures, and recent developments. India Richest
1. Mukesh Ambani
Net Worth: $119.5 billion
Chairman and Managing Director of Reliance Industries, Mukesh Ambani maintains his position as India’s richest person. Reliance Industries has diversified interests in petrochemicals, telecommunications (Jio), and retail. Under Ambani’s leadership, the company continues to expand its digital services and retail footprint across India.
2. Gautam Adani & Family
Net Worth: $116 billion
Founder and Chairman of the Adani Group, Gautam Adani oversees a conglomerate with interests in ports, energy, mining, and infrastructure. Despite facing market fluctuations earlier in the year, the Adani Group has rebounded, focusing on sustainable energy projects and expanding its logistics operations.
3. Savitri Jindal & Family
Net Worth: $43.7 billion
Savitri Jindal, chairperson emeritus of the O.P. Jindal Group, leads a conglomerate with interests in steel, power, and infrastructure. The group’s companies, including JSW Steel and Jindal Steel & Power, have seen significant growth, contributing to her status as India’s richest woman.
4. Shiv Nadar
Net Worth: $40.2 billion
Founder of HCL Technologies, Shiv Nadar has been instrumental in shaping India’s IT industry. HCL continues to be a global leader in IT services, and Nadar’s philanthropic efforts, particularly in education through the Shiv Nadar Foundation, are noteworthy.
5. Dilip Shanghvi
Net Worth: $26.7 billion
As the founder of Sun Pharmaceuticals, Dilip Shanghvi has built one of the world’s largest specialty generic pharmaceutical companies. The company’s focus on research and development has led to a robust portfolio of products globally.
6. Cyrus Poonawalla
Net Worth: $21.3 billion
Chairman of the Poonawalla Group, Cyrus Poonawalla is best known for the Serum Institute of India, the world’s largest vaccine manufacturer. The institute played a crucial role in producing COVID-19 vaccines and continues to be at the forefront of vaccine development.
7. Kushal Pal Singh
Net Worth: $20.9 billion
Chairman of DLF Limited, Kushal Pal Singh has been a pivotal figure in India’s real estate sector. DLF’s developments have transformed urban landscapes, and the company continues to focus on expanding its commercial and residential projects.
8. Kumar Mangalam Birla
Net Worth: $19.7 billion
Chairman of the Aditya Birla Group, Kumar Mangalam Birla oversees a conglomerate with interests in cement, telecommunications, finance, and retail. The group’s diversified portfolio has shown resilience and growth in various sectors.
9. Radhakishan Damani
Net Worth: $17.6 billion
Founder of DMart, Radhakishan Damani has revolutionized the retail sector in India with a focus on cost efficiency and customer satisfaction. DMart’s expansion across the country has been rapid, with a growing number of stores serving millions of customers.
10. Lakshmi Mittal
Net Worth: $16.4 billion
Chairman and CEO of ArcelorMittal, the world’s largest steelmaking company, Lakshmi Mittal has been a dominant figure in the global steel industry. The company continues to invest in sustainable steel production and innovative technologies.
11. Ravi Jaipuria
Net Worth: $16.2 billion
Chairman of RJ Corp, Ravi Jaipuria’s conglomerate has interests in food and beverages, real estate, and education. As a major bottler for PepsiCo in India, RJ Corp has expanded its beverage and fast-food chains across the country.
12. Uday Kotak
Net Worth: $13.3 billion
Founder and CEO of Kotak Mahindra Bank, Uday Kotak has built one of India’s leading private sector banks. The bank’s emphasis on digital banking and customer-centric services has contributed to its growth.
13. Azim Premji
Net Worth: $12.0 billion
Former chairman of Wipro Limited, Azim Premji is renowned for his contributions to the IT industry and his philanthropic endeavors. The Azim Premji Foundation focuses on education and has made significant impacts across India.
14. Mangal Prabhat Lodha
- Net Worth: $11.3 billion
- Mangal Prabhat Lodha, founder of Lodha Group (now Macrotech Developers), is a prominent figure in India’s real estate industry.
- The company is known for luxury residential and commercial projects, particularly in Mumbai and other metro cities.
15. Sunil Mittal & Family
- Net Worth: $10.9 billion
- Sunil Mittal, the founder of Bharti Enterprises, heads one of India’s largest telecom operators, Airtel.
- Airtel has maintained a strong presence in the telecom market, providing mobile and internet services to millions globally.
16. Bajaj Family
- Net Worth: $10.5 billion
- The Bajaj family, led by Sanjiv Bajaj and Rajiv Bajaj, owns Bajaj Group, which operates in the automobile, financial services, and electrical appliances sectors.
- Bajaj Auto is a market leader in two-wheelers and three-wheelers, strengthening its presence internationally.
17. Nusli Wadia
- Net Worth: $9.8 billion
- Nusli Wadia is the chairman of the Wadia Group, which includes Britannia Industries and Bombay Dyeing.
- Britannia is one of India’s top food brands, while Bombay Dyeing dominates textiles.
18. Burman Family
- Net Worth: $9.3 billion
- The Burman family controls Dabur India, a leading FMCG company.
- Dabur’s products range from health supplements to hair care, making it a trusted name in Indian households.
19. Vikram Lal
- Net Worth: $9.0 billion
- Vikram Lal is the founder of Eicher Motors, which manufactures Royal Enfield motorcycles.
- Royal Enfield’s iconic status among motorcycle enthusiasts has driven the company’s growth.
20. Anand Mahindra
- Net Worth: $8.7 billion
- Anand Mahindra leads the Mahindra Group, a diversified conglomerate involved in automotive, agriculture, aerospace, and finance.
- The group continues to expand, particularly in electric vehicles and sustainable solutions.
India’s wealthiest individuals in 2024 have played a transformative role in driving economic growth, innovation, and employment. From Mukesh Ambani’s diversified empire to Anand Mahindra’s push for electric vehicles, these billionaires have set benchmarks in entrepreneurship.
Their contributions span industries like telecommunications, pharmaceuticals, real estate, and infrastructure, highlighting India’s dynamic economic landscape. As the economy evolves, these business leaders are expected to further shape the nation’s global presence. Forbes
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