The Top 10 Richest People In India In 2023- Who are the top ten richest people in India? You could ask yourself that question frequently as India’s economy grows rapidly. There are now a record 169 Indians on Forbes’ list of the world’s billionaires for 2023, up from 166 the year before. Mukesh Ambani is at the top of the list, which also has renowned individuals like Gautam Adani and Uday Kotak, which should come as no surprise. In this post, we’ll be sharing a list of the top 10 richest people in India, thanks to Forbes’ Real-Time Billionaires rankings, which keep an eye out for billionaires throughout the globe. The information displayed corresponds to data that was compiled at 4 PM on September 4, 2023.
The Top 10 Richest People In India In 2023
India’s top billionaires navigated the financial swells in August despite a mixed stock market performance to various degrees of success. While certain industries, such as space and auto, saw growth and attracted investment interest, the general market mood was affected by external cues and internal political uncertainty. There were underlying currents of confidence despite the benchmark indexes of the Bombay Stock Exchange and the National Stock Exchange seeing a fall of about 2.5% through August.
Strong corporate results and the expectation of additional rate reduction by the Reserve Bank of India helped the month get off to a strong start. The early euphoria was dampened, though, by worries about rising prices, the impending global crisis, and local political unpredictability.
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With a net worth of $90.8 billion, Mukesh Ambani is the richest man in India out of the 167 billionaires listed. He is presently the 13th richest person in the world.
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The Top 10 Richest People In 2023
| Name & India Rank | Global Rank | Net worth (US$) | Company |
| #1 Mukesh Ambani | 12 | $95.0 B | Reliance Industries |
| #2 Gautam Adani | 24 | $54.4 B | Adani Group |
| #3 Shiv Nadar | 53 | $28.6 B | HCL Technologies |
| #4 Savitri Jindal & family | 73 | $22.5 B | JSW Group |
| #5 Cyrus Poonawalla | 81 | $20.2 B | Serum Institute of India |
| #6 Dilip Shanghvi | 91 | $18.3 B | Sun Pharmaceutical Industries Ltd |
| #7 Radhakishan Damani | 101 | $16.8 B | DMart, Avenue Supermarts |
| #8 Lakshmi Mittal | 104 | $16.7 B | ArcelorMittal |
| #9 Kumar Birla | 106 | $16.2 B | Aditya Birla Group |
| #10 Uday Kotak | 131 | $13.2 B | Kotak Mahindra Bank |
1. Mukesh Ambani
- Age: 65 Years
- Net Worth: $90.0 B
- Source of Wealth: Reliance Industries Ltd
India’s richest person is Mr. Mukesh Ambani, the chairman and managing director of Reliance Industries. Reliance Industries has a revenue of more over Rs 8 lakh crore ($104 billion), according to Forbes. It works in a variety of industries, including petrochemicals, oil and gas, retail, telecom, and others. Akash, Anant, and Isha Ambani, the company’s three children, are actively involved in running various departments.
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2. Gautam Adani
- Age: 60 Years
- Net Worth: $57.3 B
- Source of Wealth: Adani Group
Indian billionaire entrepreneur Gautam Shantilal Adani is well-known for founding and leading the Adani Group, a global corporation engaged in port operations and development within of India. Gautam Adani’s wife, Priti Adani, is the head of the Adani Foundation, which he founded in 1996. Ports, airports, electricity generation and transmission, and renewable energy are just a few of the industries in which the company has corporate interests. The largest port in the nation, Mundra Port in Gujarat, is under the ownership of Adani, who is also known as India’s largest airport operator.
A U.S. company named Hindenburg Research charged financial fraud and stock market manipulation against Adani and his businesses in January 2023. The market value of the Adani Group firms was destroyed by about $120 billion as a result of the precipitous collapse in stock prices that followed the publication of the study.
3. Shiv Nadar
- Age: 77 Years
- Net Worth: $27.4 B
- Source of Wealth: HCL Enterprise
Owner of the HCL group is Shiv Nadar. Renowned clients of HCL include Cisco, Microsoft, and Boeing. In 2008, the Indian government awarded Mr. Nadar the Padma Bhushan, the third-highest civilian honour in India, in honour of his outstanding contributions to the IT sector. Mr. Nadar is a well-known philanthropist who gave $1,161 million in late 2022.
4. Savitri Jindal & family
- Age: 72 Years
- Net Worth: $20.7 B
- Source of Wealth: O.P. Jindal Group
Savitri Jindal is a prominent businesswoman and politician from India who now serves as the emeritus head of the O.P. Jindal Group. Her four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, oversee the company’s many divisions. Also operating as a part of the conglomerate that covers India, the USA, South America, Europe, and Africa is JSW Sports, the sports branch of the JSW Group. Its goal is to actively support the growth of a thriving sports ecosystem in India. India’s richest lady is Savitri Jindal.
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5. Cyrus Poonawalla
- Age: 81 Years
- Net Worth: $32.0 B
- Source of Wealth: Serum Institute of India
Cyrus Poonawalla, who had a crucial part in the creation of the Indian vaccine, stands to benefit the most from the increasing sales and profits thanks to his ownership of the privately held Serum Institute of India. He manages it with the aid of his son Adar. Pune is home to the institute’s main office. Notably, the Serum Institute enjoys the prestigious distinction of being the world’s largest manufacturer of vaccinations. The recent increase in Cyrus Poonawalla’s wealth can be partially attributed to the widespread usage of the Covid-19 vaccines developed by the SII.
6. Dilip Shanghvi
- Age: 67 Years
- Net Worth: $18.5 B
- Source of Wealth: Sun Pharmaceuticals
Dilip Shanghvi is a well-known business entrepreneur in India and the brains behind Sun Pharmaceutical Industries, the country’s first pharmaceutical firm to be valued at $5 billion. He expanded Sun through a series of buyouts, the largest of which being the $4 billion acquisition of the scandal-tainted Ranbaxy Laboratories in 2014.
7. Radhakishan Shivkishan Damani
- Age: 68 Years
- Net Worth: $15.8 B
- Source of Wealth: Avenue Supermarts Limited
Radhakishan Shivkishan Damani, an investor and businessman, founded Avenue Supermarts Limited, which oversees more than 200 DMart locations in India. He also oversees his investment activities through his company, Bright Star Investments Limited.
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8. Lakshmi Mittal
- Age: 72 Years
- Net Worth: $16.2 B
- Source of Wealth: ArcelorMittal
The largest steel producer in the world, ArcelorMittal, is now led by Lakshmi Mittal as chairman and CEO. Essar Steel, formerly controlled by Shashi and Ravi Ruia, was successfully purchased by ArcelorMittal for $5.9 billion in 2019 in partnership with Nippon Steel. Mittal retained his position as executive chairman of ArcelorMittal in 2021 but gave the CEO job to his son, Aditya Mittal. ArcelorMittal’s Kryvyi Rih factory in Ukraine had to halt operations as a result of Russia’s recent invasion of that country.
9. Kumar Birla
- Age: 55 Years
- Net Worth: $15.4 B
- Source of Wealth: Hindalco Industries
Kumar Birla, a well-known personality in the commodities industry, becomes the Aditya Birla Group’s new CEO. The firm offers financial services in addition to its work in the cement and aluminium industries. Birla served as the non-executive chairman of the Vodafone Idea telecommunications firm as well. However, he resigned from that position in 2021 as a result of the company’s mounting indebtedness. Birla has been designated by the firm as a non-executive director as of 2023.
Ananya and Aryaman Birla’s children have just joined the boards of his key businesses. Birla anticipates that they would infuse the company with new thoughts, enthusiasm, and vigour.
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10. Uday Kotak
- Age: 63 Years
- Net Worth: $13.2 B
- Source of Wealth: Kotak Mahindra Bank
Kotak Mahindra Group’s prestigious Founder and Managing Director post is held by Uday Kotak, a well-known individual in India. Uday Kotak made the decision to reduce his ownership of the bank in 2020 in order to increase regulatory flexibility and boost compliance. As for the organization’s succession planning, Uday Kotak has been preparing his son, Jay Kotak, to assume a senior position there.
Conclusion
India is home to some of the wealthiest individuals in the world. The list of richest people in India is dominated by business tycoons and entrepreneurs who have made their fortunes through various industries such as technology, manufacturing, and finance. One of the most prominent names on this list is Mukesh Ambani, chairman of Reliance Industries, whose net worth exceeds billions of dollars. Other notable figures include Gautam Adani, founder of the Adani Group, and Shiv Nadar, co-founder of HCL Technologies. These individuals have not only amassed enormous wealth but have also made significant contributions to the Indian economy through their businesses and philanthropic efforts. Their success stories serve as inspiration for many aspiring entrepreneurs in India and around the world.
The Top 10 Richest People In India FAQ’S
Who is the top 10 richest man in 2023?
Country Elon Musk. $240.7. United States. Bernard Arnault & family. $231.4. France. Jeff Bezos. $154.9. United States. Larry Elison. $146.1. United States. Bill Gates. $119.3. United States. Warren Buffet. $117.4. United States. Mark Zuckerberg. $115.2. United States. Larry Page. $111.9. United States.
Who is the 1st richest person 2023?
For most of 2023, French luxury goods magnate Bernard Arnault was the world's richest person, per Forbes—but that changed on June 8, 2023, when Tesla CEO Elon Musk overtook Arnault to become No. 1 in the world again, worth nearly $238 billion.
Who will be the richest man in 2025?
2025. Gautam Adani & family would be a year behind Musk, with Adani reaching trillionaire status in 2025 at age 62 following his current rate of growth. Adani is the chairman of the commodity trading business Adani Group, founded in 1988.
Who is the No 1 richest person in India?
Mr. Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, is the richest man of India. Reliance Industries forms is a significant part of his wealth, which is involved in diverse sectors such as petrochemicals, oil and gas, retail, telecom and more.
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