Chronicle
2025: Top 10 wealthiest Indians
On April 1, 2025, Forbes unveiled an updated ranking of the ten richest people in India. Top of the list is Mukesh Ambani - Chairman of the Board of Directors, manager and principal owner of Reliance Industries, which operates in a wide variety of sectors including oil and gas, retail, telecommunications and more.
The fortune of 67-year-old Ambani is estimated at $95 billion. This corresponds to the 16th position in the world ranking of the wealthiest people. Ambani's three children - Akash, Anant and Isha - play an important role in managing the various divisions of the Reliance Industries conglomerate, ensuring continued growth and strengthening of the family business.
In second place in the list of the richest Indians is Gautam Adani, chairman and founder of the Adani Group, which specializes in port and airport management, electricity generation and transmission, renewable power and mining. Forbes estimates his fortune at $60.8 billion. In the world ranking, Adani ranks 25th.
Closes the top three richest people in India Savitri Jindal - entrepreneur and politician, honorary chairman of the Jindal Group corporation. Its capital is $37.7 billion, and according to Forbes, it occupies the 42nd position in the global ranking of fat hoses. In addition, the top ten richest Indians included:
4. Shiv Nadar (HCL Enterprise) - $34.9 billion;
5. Dilip Shanghvi (Sun Pharmaceutical Industries) - $26.7 billion;
6. Cyrus Punavalla (Serum Institute of India) - $24.3 billion;
7. Kumar Birla (Aditya Birla Group) - $21.8 billion;
8. Radhakishan Damani (DMart) - $17.7 billion;
9. Lakshmi Mittal (ArcelorMittal) - $17.6 billion;
10. Uday Kotak (Kotak Mahindra Group) - $15.5 billion[1]
2024: Indian billionaires double to 300 and their fortunes by 263% to $905.6 billion
The combined wealth of Indian billionaires reached $905.6 billion by April 2024, an increase of 263% over the past ten years. This is evidenced by the data of the Swiss financial holding UBS Group, released in December 2024.
The number of billionaires in India has more than doubled in 10 years, approaching 300 people. By April 2024, 108 family enterprises with capital over $1 billion were officially registered in the country, which brought India to third place in the world in this indicator.
According to UBS Group, the main factors in the growth of the number of billionaires were urbanization, an increase in industrial capacity and the country's transition to green power. In the next decade, the number of billionaires is expected to continue to grow according to a model similar to Chinese before 2020.
Rating agency Hurun India reports that Indian Mumbai has become the leader among Asian cities in the number of billionaires living - 92 people, ahead of Beijing with 91 billionaires. In the world ranking, Mumbai ranks third after New York (119 people) and London (97 people).
The main areas of formation of large states in India are power, pharmaceuticals and the real estate market. The leader among Mumbai's richest residents is Mukesh Ambani, owner of Reliance Industries holding, which works in power, petrochemicals, textiles and other industries.
The list of the richest people in India also includes Gautam Adani (industrial conglomerate Adani Group), Shiv Nadar (IT company HCL), Cyrus Punawalla (Indian Serum Institute) and Dilip Shanghvi (Sun Pharmaceuticals). Family enterprises played a key role in ensuring economic growth and transformation of the country's economy.[2]
2023: The richest 1% of Indians own 40% of the country's wealth - a record since 1961.
Wealth, concentrated in the hands of the richest 1% of residents, India is at its highest level in 60 years, and the percentage of income exceeds a similar figure in countries like Brazil and, the USA World Inequality Lab research group found.
By the end of 2023, India's richest citizens owned 40.1% of the country's wealth, the highest since 1961, and their share of total income was 22.6%, the highest since 1922.
2022
Confiscation of property of residents who accepted Chinese and Pakistani citizenship
India confiscated the property of residents who took China citizenship and. Pakistan As The Economic Times reported in February 2023, citing the MINISTRY OF INTERNAL AFFAIRS Indian government in 2018-2022 raised $410.7 million from the sale of this property, which was transferred to income. states
The confiscation and sale included shares and other securities, the shares of emigrants in 152 Indian companies, as well as 1.6 tons of gold and over 26 tons of silver in local banks that left India.
There are 849 thousand millionaires in the country
2021: The richest 1% of citizens account for 40.6% of the population's assets
2020: 4th in the world in the number of billionaires - 102
Notes
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