Top 15 Richest Indian People by Net Worth in 2024

India, a country celebrated for its rich cultural heritage and vast diversity, is also home to a burgeoning population of billionaires and business moguls whose fortunes continue to grow in 2023. As the world’s second-most populous nation and one of the fastest-growing major economies, India has seen a remarkable rise in wealth, innovation, and entrepreneurship. In this article, we will explore the lives and financial empires of the top 15 richest individuals in India, as of 2023, revealing the remarkable stories behind their staggering net worth. These individuals not only represent the pinnacle of India’s business landscape but also exert significant influence on the global economic stage.

Top 15 Richest Indian People by Net Worth

Mukesh Ambani – Net Worth: $95 billion

Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, stands as the undisputed leader in India’s list of wealthiest individuals. With a staggering net worth of $95 billion in 2024, he represents the epitome of India’s entrepreneurial spirit and economic success.

Ambani’s ascent to the top of the wealth ladder has been nothing short of remarkable. His conglomerate, Reliance Industries, has successfully ventured into various sectors, including telecommunications, retail, and petrochemicals. His visionary leadership and strategic investments have not only made him the wealthiest Indian but also a global business icon.

Under Mukesh Ambani’s guidance, Reliance Jio disrupted the telecommunications industry in India, offering affordable data and becoming the country’s largest mobile network operator. In the retail sector, his company’s retail arm, Reliance Retail, has rapidly expanded, making it the largest retail chain in India. Moreover, Reliance’s petrochemical and refining businesses continue to be significant contributors to India’s economic growth.

Ambani’s immense wealth is not just a reflection of his business acumen but also his commitment to innovation and staying ahead of the curve. He has consistently pushed the boundaries, embracing new technologies and trends that shape the modern economy. His dedication to digitalization, investments in clean energy, and efforts to transform India into a global technological hub are noteworthy.

In addition to his business endeavors, Mukesh Ambani’s philanthropic initiatives and support for various social causes have exemplified his commitment to India’s development. His influence extends beyond the boardroom, as he actively contributes to the nation’s progress.

As of 2024, Mukesh Ambani’s net worth of $95 billion underscores his position as a true titan in the world of business and entrepreneurship. His journey, from building an empire to shaping the future of India’s economic landscape, serves as an inspiration to many and a testament to the immense potential for success in India’s ever-evolving economy.

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Gautam Adani – Net Worth: $75 billion

Gautam Adani, with a net worth of $75 billion in 2024, stands prominently among India’s wealthiest individuals. His journey to becoming one of India’s most successful and influential business magnates is a testament to his vision and determination.

Adani’s story is one of exponential growth and diversification. He is the driving force behind the Adani Group, which spans a multitude of sectors, including infrastructure, energy, and resources. With his strategic leadership, the Adani Group has rapidly expanded its footprint, transforming it into a global conglomerate.

In the infrastructure sector, Adani has played a pivotal role in developing India’s critical transportation and logistics infrastructure. His investments in ports, airports, and power plants have not only contributed to the nation’s economic development but have also strengthened India’s position in international trade.

Adani’s focus on clean energy and renewable resources aligns with India’s commitment to sustainable development. The Adani Group’s significant investments in solar and wind energy projects have positioned it as a key player in the global transition towards green energy.

What makes Gautam Adani’s success particularly noteworthy is his ability to adapt to changing market dynamics and identify emerging opportunities. His shrewd business acumen, combined with a forward-thinking approach, has allowed the Adani Group to thrive in diverse industries.

Beyond business, Adani is actively involved in philanthropy and various social initiatives. His commitment to corporate social responsibility and sustainable practices underscores his dedication to the betterment of both society and the environment.

As of 2024, Gautam Adani’s net worth of $75 billion reflects not only his remarkable success but also his profound impact on India’s economic landscape. His journey from a modest background to becoming one of India’s wealthiest and most influential entrepreneurs is an inspiration to aspiring business leaders and a testament to India’s growing significance in the global business arena.

Shiv Nadar – Net Worth: $30 billion

Shiv Nadar, with a net worth of $30 billion in 2024, is a prominent figure in India’s business and technology landscape. His journey from a humble beginning to becoming one of the wealthiest individuals in India is a story of entrepreneurship, innovation, and philanthropy.

Nadar is best known as the co-founder of HCL (Hindustan Computers Limited), a pioneering IT services and consulting company. Under his leadership, HCL emerged as a global IT giant, contributing significantly to India’s reputation as an IT outsourcing hub. Nadar’s vision and strategic insights have played a pivotal role in the growth of the Indian IT industry.

What sets Shiv Nadar apart is not just his success in business but also his commitment to education and philanthropy. He established the Shiv Nadar Foundation, which has made substantial contributions to educational initiatives in India. The foundation’s flagship institution, the Shiv Nadar University, is a testament to his dedication to nurturing the next generation of leaders and innovators.

Nadar’s impact on the education sector goes beyond his foundation. He has actively promoted research and development in technology and science, fostering an environment for academic excellence and innovation in India.

His net worth of $30 billion underscores not only his business achievements but also his commitment to giving back to society. Shiv Nadar’s legacy as a technology pioneer and philanthropist is an inspiration to those who aspire to make a meaningful impact on India’s development, education, and technological advancements. As of 2024, he continues to be a guiding force in India’s IT industry and a philanthropic leader in the country.

Lakshmi Mittal – Net Worth: $25 billion

Lakshmi Mittal, with a net worth of $25 billion in 2024, is a prominent figure in India’s industrial landscape and a globally recognized steel magnate. His journey from modest beginnings to becoming one of the wealthiest individuals in India is a testament to his entrepreneurial acumen and remarkable success in the steel industry.

Mittal is best known as the chairman and CEO of ArcelorMittal, the world’s largest steel and mining company. His leadership and strategic vision have played a pivotal role in the company’s growth and global expansion, making it a major player in the steel industry worldwide.

One of the most notable achievements in Mittal’s career was his successful bid for Arcelor, a Luxembourg-based steel company, which resulted in the creation of ArcelorMittal, a global giant in the steel sector. His business strategies and investments have consistently demonstrated his ability to adapt to changing market conditions and expand the reach of his steel empire.

Lakshmi Mittal’s influence extends beyond the corporate world. His contributions to the steel industry have had a profound impact on the global economy, with ArcelorMittal being a significant player in various markets, including automotive, construction, and infrastructure.

Mittal’s net worth of $25 billion reflects not only his business prowess but also his dedication to industry innovation and economic growth. His journey from a small steel business in India to leading a global steel conglomerate is an inspiring story of success, determination, and visionary leadership. As of 2024, he remains a significant figure in India’s industrial landscape and a symbol of the nation’s growing influence in the global steel industry.

Cyrus Poonawalla – Net Worth: $20 billion

Cyrus Poonawalla, with a net worth of $20 billion in 2023, is a notable figure in India’s business landscape and the pharmaceutical industry. His journey from modest beginnings to becoming one of the wealthiest individuals in India is a testament to his entrepreneurial spirit and the critical role of his company in the healthcare sector.

Cyrus Poonawalla is the founder and chairman of the Serum Institute of India, one of the world’s largest vaccine manufacturers. Under his leadership, the Serum Institute has played a pivotal role in the global healthcare industry, producing billions of vaccine doses that have contributed to the prevention and control of various diseases, including polio, measles, and COVID-19.

Poonawalla’s dedication to the development and production of vaccines has not only been a significant public health service but also a substantial business success. The Serum Institute’s vaccines have been instrumental in immunization programs worldwide, saving countless lives.

His net worth of $20 billion reflects not only his business acumen but also his commitment to public health and well-being. As of 2023, Cyrus Poonawalla remains a vital player in the pharmaceutical and biotechnology sectors, with a lasting impact on global health initiatives. His story is a testament to the potential for success and positive social impact within the healthcare and biotechnology industries.

Pallonji Mistry – Net Worth: $18 billion

Pallonji Mistry, with a net worth of $18 billion in 2024, is a prominent figure in India’s business landscape, primarily known for his substantial holdings in Tata Group companies and his leadership in the Shapoorji Pallonji Group, a construction conglomerate.

Mistry’s journey to becoming one of the wealthiest individuals in India is a unique story of a construction tycoon who holds significant stakes in some of the country’s most iconic and influential businesses.

As a member of the Mistry family, he holds a significant ownership stake in Tata Sons, the holding company of the Tata Group, one of India’s largest and most diversified conglomerates. This connection makes him an influential shareholder in various Tata Group companies, including Tata Motors, Tata Consultancy Services (TCS), and Tata Steel.

Pallonji Mistry’s leadership of the Shapoorji Pallonji Group, a renowned construction and infrastructure conglomerate, has been instrumental in the company’s growth and diversification into various sectors, including real estate and infrastructure development.

Beyond his business interests, Mistry’s philanthropic contributions and support for various social initiatives have demonstrated his commitment to the betterment of society. His influence extends not only to the boardrooms of corporate India but also to endeavors that promote social welfare and community development.

Mistry’s net worth of $18 billion is a testament to his multifaceted involvement in India’s business landscape and his strategic approach to investments and holdings. As of 2024, he continues to be a significant player in the corporate world, making his mark not only as a business leader but also as a philanthropist dedicated to contributing to India’s progress and development.

Azim Premji – Net Worth: $16 billion

Azim Premji, with a net worth of $16 billion in 2024, is a distinguished figure in India’s business landscape, renowned for his pioneering role in the IT industry and his philanthropic endeavors.

Azim Premji is the chairman of Wipro Limited, a leading IT services company in India. Under his leadership, Wipro has grown from a small family-owned vegetable oil company to a global IT services giant. His strategic vision and commitment to innovation have been instrumental in transforming Wipro into a powerhouse of technology and software solutions.

One of the most remarkable aspects of Azim Premji’s journey is his contribution to the growth and globalization of India’s IT industry. He played a pivotal role in positioning India as a global hub for IT services and outsourcing, opening up avenues for economic growth and employment opportunities in the country.

Beyond his achievements in the corporate world, Premji is equally celebrated for his philanthropic initiatives. He founded the Azim Premji Foundation, which focuses on improving education and learning outcomes in India. The foundation’s efforts extend to various areas, including teacher training, curriculum development, and educational research, aiming to create a lasting impact on the nation’s education system.

Premji’s net worth of $16 billion reflects not only his business acumen but also his commitment to social responsibility and improving the quality of life in India. As of 2024, he continues to be a significant influence in the IT industry and a philanthropic leader dedicated to advancing education and social welfare in the country. His journey is an inspiring example of how business success and a commitment to giving back can go hand in hand.

Radhakishan Damani – Net Worth: $14 billion

Radhakishan Damani, with a net worth of $14 billion in 2024, is a prominent and influential figure in India’s business landscape, particularly renowned for his success in the retail sector.

Damani is the founder of DMart, a retail chain known for its focus on value and customer-centric approach. Under his leadership, DMart has become one of India’s leading retail chains, with a strong presence in various cities across the country.

What sets Radhakishan Damani apart is his keen understanding of consumer preferences and his emphasis on offering affordable and high-quality products. DMart’s success can be attributed to its efficient supply chain, streamlined operations, and an unwavering commitment to providing customers with value for their money.

His net worth of $14 billion is not just a testament to his business acumen but also his ability to recognize and meet the needs of Indian consumers. DMart’s reputation for being a trustworthy and budget-friendly retailer has earned it a loyal customer base.

Damani’s success also extends beyond retail. He has made investments in various sectors, including logistics, cement, and insurance, showcasing his strategic diversification and entrepreneurial spirit.

As of 2024, Radhakishan Damani remains a significant player in India’s retail sector and a symbol of how a customer-centric approach and a focus on efficiency can lead to remarkable business success. His journey is a testament to the potential for entrepreneurship in India’s evolving consumer landscape.

Savitri Jindal and Family – Net Worth: $12 billion

Savitri Jindal and her family have substantial interests in steel and power, with O.P. Jindal Group being a key contributor to their wealth.

Kumar Birla – Net Worth: $11 billion

Kumar Birla, chairman of the Aditya Birla Group, is a prominent industrialist with interests in various sectors, including metals, cement, and telecommunications.

Cyrus Mistry – Net Worth: $10 billion

Cyrus Mistry, despite his tumultuous tenure as the chairman of Tata Sons, remains a significant shareholder in Tata Group companies, contributing to his substantial net worth.

Anand Burman – Net Worth: $9 billion

Anand Burman, from the family behind the Dabur Group, has diversified investments in various sectors, including healthcare, making him one of India’s wealthiest.

Adi Godrej – Net Worth: $8 billion

Adi Godrej, the chairman of the Godrej Group, has led this diversified conglomerate, which has interests in real estate, consumer goods, and agriculture.

Nusli Wadia – Net Worth: $7 billion

Nusli Wadia, known for his association with Bombay Dyeing and Britannia Industries, has a significant presence in India’s industrial landscape.

Ravi Ruia – Net Worth: $6 billion

Ravi Ruia, co-founder of the Essar Group, is actively involved in various sectors, including steel, energy, and infrastructure.

Conclusion

The list of the top 15 richest Indian people by net worth in 2023 showcases the impressive diversity of industries and the immense entrepreneurial spirit that defines the Indian economy. These individuals have not only achieved great success in their respective domains but have also significantly contributed to India’s economic growth and development. As India continues to evolve as a global economic powerhouse, the fortunes of these individuals serve as a testament to the nation’s progress and potential for the future.