In recent years, India, a country renowned for its vibrant culture and rich history, has experienced tremendous economic development. With a thriving economy and a growing number of billionaires, India is home to some of the world’s richest people.
Numerous effective entrepreneurs have flourished due to India’s dynamic business environment, resulting in a significant increase in the number of billionaires. As of 2024, the top ten wealthiest individuals in India exemplify the country’s entrepreneurial character, innovation, and tenacity. These individuals have not only garnered significant wealth through their contributions to various sectors, but they have also left an indelible mark on India’s economy and society as a whole.
List Of Top 10 Richest People In India 2024 Indian Billionaires
1. Mukesh Ambani -$93.4 Billion
Reliance Industries’ chairman and largest stakeholder is Mukesh Ambani. The primary source of Ambani’s fortune is his oil and gas conglomerate, which has expanded into telecommunications and digital services via Reliance Jio. Ambani, whose net worth exceeds billions, has been a guiding force behind the digital revolution in India.
2. Gautam Adani -$50.5 Billion
Gautam Adani, chairman of the Adani Group, is the second-wealthiest individual in India. His conglomerate is involved in industries such as ports, logistics, power generation, and renewable energy. Adani’s ambitious initiatives and business acumen have propelled him to great heights, establishing him as a prominent business figure in India.
3. Cyrus Poonawalla -$27.5 Billion
Cyrus Poonawalla, the chairman of the Serum Institute of India, has revolutionised the vaccine industry in a significant way. By volume, the Serum Institute is the world’s largest vaccine manufacturer. Poonawalla’s contributions to the production of cost-effective vaccines for maladies such as polio, measles, and COVID-19 have earned him worldwide recognition and a substantial fortune.
4. Shiv Nadar -$26.2 Billion
Co-founder of HCL Technologies, Shiv Nadar, occupies the third spot on the ranking. He grew HCL from a modest startup to a global IT conglomerate. In addition to his contributions to the technology sector, Nadar is renowned for his philanthropic work, particularly in the field of education through the Shiv Nadar Foundation.
5. Savitri Jindal -$19.6 Billion
The chairperson of the O.P. Jindal Group, Savitri Jindal, is one of the wealthiest ladies in India. Among other industries, the conglomerate has investments in steel, power, cement, and infrastructure. Jindal’s perseverance and leadership abilities have enabled her to lead the group to success, solidifying her position among the wealthiest individuals in the country.
6. Radhakishan Damani -$17 Billion
The founder of retail behemoth DMart, Radhakishan Damani, is one of India’s most successful self-made entrepreneurs. With its low-cost, high-quality offerings, his supermarket chain revolutionised the retail industry. Damani’s business acumen and disciplined approach have propelled him to the echelons of the nation’s wealthiest individuals.
7. Lakshmi Mittal -$16.1 Billion
As the chairman and chief executive officer of ArcelorMittal, Lakshmi Mittal is a prominent figure in the steel industry. ArcelorMittal, the largest steel producer in the world, has a significant presence in India and throughout the globe. Mittal’s business acumen and foresight have propelled the company’s expansion, making him one of India’s wealthiest individuals.
8. Pallonji Mistry -$15 Billion
The chairman of the Shapoorji Pallonji Group, Pallonji Mistry is an industrialist with diverse commercial interests, including construction, real estate, and infrastructure. His conglomerate has been involved in several landmark initiatives in India and abroad. Mistry’s wealth and influence extend beyond his business endeavours, as he is also a substantial Tata Sons shareholder.
9. Shapoor Mistry -$14 Billion
Shapoor Mistry is an Indian billionaire industrialist and Pallonji Mistry’s younger son. He is a member of the wealthy Mistry family, which has extensive commercial interests in a variety of industries. Shapoor Mistry is affiliated with the Shapoorji Pallonji Group, a conglomerate with holdings in construction, real estate, and infrastructure, among other industries.
10. Uday Kotak -$13.8 Billion
Uday Kotak, founder and chief executive officer of Kotak Mahindra Bank, is a notable figure in the Indian financial industry. Under his direction, Kotak Mahindra Bank has become one of India’s premier private institutions. Not only have Kotak’s expertise and shrewd financial strategies brought him wealth, but they have also established him as an industry thought leader.
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