India’s economic boom is reflected in the rising number of billionaires within the country. This article explores the top 10 richest people in India as of March 8, 2024, based on Forbes’ Real-Time Billionaires rankings.
1. Mukesh Ambani
Age: 66
Source of Wealth: Reliance Industries Ltd
Net Worth: $116 Billion
Reliance Industries, led by Mukesh Ambani, reigns supreme in this list as India’s most valuable company. The conglomerate spans sectors like petrochemicals, oil and gas, retail, and telecom, generating significant revenue. Mukesh Ambani’s children are actively involved in managing different divisions of this vast enterprise.
2. Gautam Adani
Age: 61
Source of Wealth: Adani Group
Net Worth: $84 Billion
Gautam Adani, the founder and chairman of the Adani Group, 2nd richest person in India is a prominent figure in India’s industrial landscape. The Adani Group is a multinational conglomerate with a strong presence in port operations and development. The group also has interests in airports, power generation, and green energy, making Adani India’s largest airport operator.
3. Shiv Nadar
Age: 78
Source of Wealth: HCL Technologies
Net Worth: $36.9 Billion
Shiv Nadar, the owner of HCL, has made significant contributions to the Indian IT industry. Shiv Nadar is one of the richest people in India with HCL. HCL caters to renowned clients like Cisco and Microsoft. In recognition of his achievements, Nadar was awarded the Padma Bhushan, a prestigious civilian honor. He is also known for his philanthropic endeavors.
4. Savitri Jindal & Family
Age: 74
Source of Wealth: O.P. Jindal Group
Net Worth: $32.4 Billion
Savitri Jindal, women entrepreneur, the head of the O.P. Jindal Group, is India’s richest woman. Her sons manage various divisions of the business conglomerate, which operates across diverse sectors in India and internationally. JSW Sports, the group’s sports division, actively promotes sports development in India.
5. Dilip Shanghvi
Age: 68
Source of Wealth: Sun Pharmaceutical Industries Ltd
Net Worth: $26.9 Billion
Dilip Shanghvi, the visionary behind Sun Pharmaceutical Industries, is a leading figure in the Indian pharmaceutical industry. Sun was the first Indian pharma company to reach a valuation of $5 billion. Strategic acquisitions, including the purchase of Ranbaxy Laboratories, have pushed the company’s growth.
6. Cyrus Poonawalla
Age: 82
Source of Wealth: Serum Institute of India
Net Worth: $21.3 Billion
Cyrus Poonawalla, the owner of the Serum Institute of India, is a key player in vaccine development within the country. The institute, helmed by Poonawalla and his son Adar, is the world’s largest vaccine manufacturer. Cyrus Poonawalla is one the richest people in india, The recent surge in COVID-19 vaccine production significantly contributed to Poonawalla’s wealth.
7. Kushal Pal Singh
Age: 92
Source of Wealth: DLF Limited
Net Worth: $20.9 Billion
Kushal Pal Singh, a veteran in the real estate sector, is the chairman emeritus of DLF, India’s largest listed property developer. Having joined DLF in 1961, Singh served as chairman for over five decades, shaping the company’s trajectory.
8. Kumar Mangalam Birla
Age: 56
Source of Wealth: Aditya Birla Group
Net Worth: $19.7 Billion
Kumar Mangalam Birla son of the late. Aditya Vikram Birla heads the Aditya Birla Group, a prominent conglomerate with a presence in commodities, aluminum, cement, and financial services. Birla recently welcomed his children onto the boards of his flagship companies, hoping to infuse fresh ideas and perspectives.
9. Radhakishan Damani
Age: 69
Source of Wealth: Avenue Supermarts Limited
Net Worth: $17.6 Billion
Radhakishan Damani, a renowned entrepreneur and investor, is the founder of Avenue Supermarts Limited, which operates the DMart supermarket chain across India. Through his investment firm, Bright Star Investments Limited, Damani manages other ventures as well.
10. Lakshmi Mittal
Age: 73
Source of Wealth: ArcelorMittal
Net Worth: $16.4 Billion
collaboration with Nippon Steel, acquired Essar Steel. Mittal recently transitioned the CEO role to his son Aditya, while remaining the executive chairman. However, the ongoing Russia-Ukraine war has impacted ArcelorMittal’s operations in Ukraine.
Conclusion
India’s booming economy has created a fantastic environment for entrepreneurs and business leaders to thrive. This list showcases inspiring individuals from various sectors who have significantly impacted the Indian economy. Their stories serve as a beacon of hope and inspiration for aspiring business minds across the nation..