Richest People in India in 2024
Richest People in India in 2024: Who are the top 10 wealthiest individuals in India? With India’s economy on a robust growth trajectory, you may often find yourself pondering this question. A notable 169 Indians, surpassing last year’s 166, have secured a place among the world’s billionaires. Mukesh Ambani unsurprisingly leads this elite group, alongside prominent figures such as Gautam Adani and Uday Kotak.
This post presents an exclusive list of India’s top 10 richest people, relying on the Real-Time Billionaires rankings that meticulously track billionaires on a global scale.
Richest People in India in 2024: List of Top 10
Rank | Name & India Rank | Global Rank | Net Worth (US$) | Company |
---|---|---|---|---|
1 | Mukesh Ambani | 12 | $100.8 B | Reliance Industries |
2 | Gautam Adani | 16 | $77.8 B | Adani Group |
3 | Shiv Nadar | 45 | $32.4 B | HCL Technologies |
4 | Savitri Jindal & family | 56 | $28.2 B | JSW Group |
5 | Cyrus Poonawalla | 73 | $24.1 B | Serum Institute of India |
6 | Dilip Shanghvi | 84 | $21.8 B | Sun Pharmaceutical Industries Ltd |
7 | Kumar Birla | 95 | $19.7 B | Aditya Birla Group |
8 | Radhakishan Damani | 104 | $17.2 B | DMart, Avenue Supermarts |
9 | Kushal Pal Singh | 105 | $17.1 B | DLF Limited |
10 | Lakshmi Mittal | 106 | $16.9 B | ArcelorMittal |
Richest People in India in 2024 Complete List
Mukesh Ambani: The Reliance Maestro
- Age: 66 Years
- Net Worth: $89.7 Billion
- Source of Wealth: Reliance Industries Ltd
Overview: Mukesh Ambani, the powerhouse behind Reliance Industries, reigns as India’s wealthiest individual. Forbes reports Reliance Industries boasts a colossal revenue of over Rs 8 lakh crore ($104 billion). With diverse interests spanning petrochemicals, oil and gas, retail, and telecom, Ambani’s legacy extends to his three active children—Akash, Anant, and Isha.
Gautam Adani: The Diverse Conglomerate King
- Age: 61 Years
- Net Worth: $51.7 Billion
- Source of Wealth: Adani Group
Overview: Gautam Shantilal Adani, the founder of Adani Group, stands out as an industrialist leading a multinational conglomerate. With engagements in port operations, airports, power generation, and green energy, Adani is recognized as India’s largest airport operator. However, Adani Group faced turmoil in 2023 when allegations of financial fraud led to a significant market value dip.
Must Read: Gautam Adani Reclaims Title as Asia’s Richest Person
Shiv Nadar: IT Magnate and Philanthropist
- Age: 78 Years
- Net Worth: $29.1 Billion
- Source of Wealth: HCL Enterprise
Overview: Shiv Nadar, proprietor of HCL group, is a stalwart in the IT industry with renowned clients like Cisco, Microsoft, and Boeing. Honored with the Padma Bhushan, Nadar is equally distinguished for his philanthropic endeavors, including a substantial donation of Rs 1,161 crore in late 2022.
Savitri Jindal & Family: Political Leader and Business Matriarch
- Age: 73 Years
- Net Worth: $25.3 Billion
- Source of Wealth: O.P. Jindal Group
Overview: Savitri Jindal, a politician and entrepreneur, holds an esteemed position at O.P. Jindal Group. Her four sons actively manage various divisions of the conglomerate, including JSW Sports, contributing to a vibrant sports ecosystem in India. Savitri Jindal stands as the richest woman in India.
Cyrus Poonawalla: Vaccine Vanguard
- Age: 82 Years
- Net Worth: $21.2 Billion
- Source of Wealth: Serum Institute of India
Overview: Cyrus Poonawalla, a key figure in vaccine development, owns the Serum Institute of India. Notably, the institute is the world’s largest vaccine manufacturer. Assisted by his son Adar, Poonawalla’s wealth surged due to widespread utilization of Covid-19 vaccines.
Dilip Shanghvi: Pharma Pioneer
- Age: 67 Years
- Net Worth: $19.5 Billion
- Source of Wealth: Sun Pharmaceuticals
Overview: Dilip Shanghvi, a leading Indian business tycoon, spearheads Sun Pharmaceutical Industries—the first Indian pharma company valued at $5 billion. Known for strategic acquisitions, including the 2014 Ranbaxy Laboratories purchase, Shanghvi’s influence is profound.
Radhakishan Damani: Retail Magnet and Investor
- Age: 68 Years
- Net Worth: $16.6 Billion
- Source of Wealth: Avenue Supermarts Limited
Overview: Radhakishan Damani, founder of Avenue Supermarts, oversees more than 200 DMart stores in India. A prominent investor through Bright Star Investments, Damani’s impact on the retail sector is noteworthy.
Kumar Birla: Commodities Leader
- Age: 56 Years
- Net Worth: $17.8 Billion
- Source of Wealth: Hindalco Industries
Overview: Kumar Birla, a leader in commodities, heads the Aditya Birla Group, active in aluminum, cement, and financial services. Stepping down from Vodafone Idea’s chairmanship in 2021, Birla continues to shape the conglomerate’s future with fresh ideas from his children.
Lakshmi Mittal: Steel Magnate
- Age: 73 Years
- Net Worth: $15.2 Billion
- Source of Wealth: ArcelorMittal
Overview: Lakshmi Mittal, Chairman and CEO of ArcelorMittal, leads the largest global steel manufacturer. Strategic acquisitions, including the 2019 Essar Steel purchase, define Mittal’s impactful career.
Kushal Pal Singh: Real Estate Luminary
- Age: 92
- Net Worth: $13.7 Billion
- Source of Wealth: DLF Limited
Overview: Kushal Pal Singh, chairman emeritus of DLF Limited, shapes India’s real estate landscape. A veteran, Singh’s legacy spans over five decades, contributing significantly to the growth of DLF.
Uday Kotak: Banking Visionary
- Age: 64 Years
- Net Worth: $13.2 Billion
- Source of Wealth: Kotak Mahindra Bank
Overview: Uday Kotak, the Founder and Managing Director of Kotak Mahindra Group, is a prominent figure in India’s banking sector. Diluting his stake in 2020 for regulatory flexibility, Kotak grooms his son Jay Kotak for future leadership.