India is a hotspot of insanely wealthy families and moreover individuals who are well known across the world. Interestingly if you dint know, India has also been documented having the third largest group of ultra-rich wealthy people after the United States of America and China.
In the Forbes annual ranking of the richest people, Asia’s third-largest economy produces around 170 billionaires of Indian origin while the united states of America have 629 and china has 799. China and America make up half of all the world’s billionaires.
With people like Mukesh Ambani whose net worth is equal to 2.1 % of India GDP, we have gone all the way to bring you a list of the richest Indians.
Here is the List of wealthiest People of India as of May 2020.
1. Mukesh Ambani – (Net Worth – $50 billion)
In our topmost position in the list of top richest Indians or rather Indian billionaires at the helm of the hierarchy is the New Delhi billionaire Mukesh Ambani.
He is not just the richest Indian person but the richest man in Asia and occupies the 17th position in the list of the richest person in the world as of today. Mukesh runs around $88 billion revenue oil and gas giant reliance industries ltd. His company is the most valuable company in India by market value and it’s listed as one of the companies in Fortune Global 500 Company.
2. Radhakishan Damani – (Net Worth – $14.7 billion)
The owner of D Mart Radhakishan Damani is the second richest Indian according to Forbes’ Real-Time Billionaires Index and Bloomberg Billionaires Index. He is the founder of DMart a chain of hypermarkets in India which has 196 stores across 11 states in India.
India’s retailer king started out in Mumbai with just one store and since then he has been unstoppable. Apart from the chain of supermarkets he also holds stakes in a range of other companies such as United Breweries, and tobacco firm VST among other companies. Radhakishan Damani net worth is estimated to be $14.7 billion making him the second richest Indian.
3. Cyrus S. Poonawalla – (Net Worth – $13 billion)
Our third richest person in India richest list in non-other but Cyrus S. Poonawalla a son of a racehorse breeder. Cyrus Poonawalla wealth fortune has been made through his vaccine business where he controls Serum Institute of India which apparently is the world’s largest vaccine maker.
Serum produces around 2 billion doses annually of several range of vaccines such as flu, measles, and polio. He also owns the Czech unit of U.S. firm Nanotherapeutics and Bilthoven Biologicals Dutch vaccine maker.
Apart from vaccine Poonawalla has diversified into finance with Poonawalla Finance. Cyrus Poonawalla’s net worth is estimated to be around $13 billion and he is ranked among the 200 richest persons in the world.
4. Shiv Nadar – (Net Worth – $11.7 billion)
On our list of top richest Indians, we have Shiv Nadar who is popularly known as the Magus or the Wizard. He is an industrialist, chairman, and founder of HCL Technologies Limited. The company offers IT services and consultancy services.
To date, the company has branches in over 40 countries and makes it in the 250, 500. 650 and 2000 Global companies. The company is one of the 20 largest publicly-traded companies in India with a revenue of $9.3 billion and market capitalization of $21.5 billion. Shiv Nadar net worth is estimated to be $11.7 billion.
5. Uday Kotak – (Net Worth – $10 billion)
We couldn’t just complete our list without bringing onboard India’s wealthiest banker. Uday Kotak owns and controls India’s second-largest private sector bank by market capitalization Kotak Mahindra Bank. His bank provides commercial and investment banking brokerage and insurance services.
To date, the bank has over 1,500 branches and in 2019 it reported over $60 billion in assets. With a 30% stake at Kotak Mahindra Bank Uday Kotak, wealth fortune is derived from here and its reported Uday Kotak net worth is estimated to be $10 billion.
6. Sunil Bharti Mittal – (Net Worth – $8.7 billion)
Sunil Bharti Mittal the telecom tycoon who is the chairman and the founder of Bharti enterprises, which is a conglomerate. His enterprises have ventured into financial services, Agri products, real estate, malls, hospitality, insurance, and telecom.
Bharti group controls India’s largest mobile phone operator Airtel which has operations in more than 18 countries across Asia and Africa. The company has more than 400 million subscribers and its revenues have always been above $12 billion. Sunil Bharti Mittal net worth is estimated to be $8.7 billion
7. Lakshmi Mittal – (Net Worth – $8.3 billion)
Lakshmi Mittal is an Indian who is the chairman and the CEO of ArcelorMittal the world’s largest steelmaker. He owns around 38% of ArcelorMittal which has $76 billion revenue and also holds 11% stake in Queens Park Rangers F.C.
Recognized by Forbes as one of the wealthiest Indian billionaires Lakshmi Mittal once became the first Indian citizen to be ranked by the media outlets in its annual list of the world’s richest people. Lakshmi Mittal net worth $8.3 billion.
8. Gautam Adani – (Net Worth – $8 billion)
Gautam Adani is the chairman and the founder of Adani Group a multinational conglomerate that is involved with port development and operations in India.
The ports tycoon controls India’s largest Mundra port. He has also diversified his business into energy, aerospace, real estate, defense, logistics, agriculture, resources, and mining, among other businesses.
Adani is also the owner of Abbott Point a coal mining company. Today Gautam is ranked as the 3rd most powerful person in India and one of the most influential figures in the country. Gautam Adani net worth is estimated to be around $8 billion.
9. Nusli Wadia – (Net Worth – $7 billion)
Nusli Wadia is an entrepreneur, a businessman and the current chairman of Wadia Group. Wadia group is famous for building ships a business that dates back in 1736.
They started by building around 355 ships for the British Navy back in the day and today there still in the business. Apart from shipbuilding Wadia Group has other companies such as budget airline GoAir, Britannia Industries, home textile company Bombay Dyeing among other businesses. Nusli Wadia net worth is estimated to be around $7 billion making him one of the richest Indians.
10. Kumar Mangalam Birla – (Net Worth – $6.9 billion)
In 2017 news of Kumar Mangalam Birla net worth hit headlines when he lost $3 billion due to India mobile war that saw his net worth shrunk to $6 billion from $9 billion.
He is a billionaire industrialist who inherited much of his wealth from Aditya Birla Group an Indian multinational conglomerate with over 34 branches globally. The company deals with fertilizers, financial services, carbon black, chemicals, insulators, telecom, cement, and many other businesses.
The group reported a revenue of about US$48.3 billion) in the year 2019 making it the largest Indian private conglomerate. Today Kumar Mangalam Birla net worth is estimated to be $ 6.9 billion.
11. Azim Premji – (Net Worth – $6.1 billion)
Azim Premji is among the richest people in India today. He is an investor, business tycoon and the chairman of Wipro limited which was formerly known as Western India Palm Refined Oil Limited.
The company is a multinational corporation that offers services in consulting, business process services and information technology. Wipro is one of the world’s fastest-growing companies and he has been listed among the most influential people in the world. Azim Premji net worth is estimated to be $6.1 billion.
12. Dilip Shanghvi – (Net Worth – $5.5 billion)
Dilip Shanghvi is a renowned billionaire in India .he is the son of a pharmaceutical distributor who he borrowed around $200 back in 1983 to manufacture psychiatric drugs.
Today he owns the fourth largest specialty generics maker sun Pharmaceuticals and his company is India’s most valuable pharma outfit. Apart from pharmaceuticals Shanghvi has also invested in gas, oil, and renewable energy. Today Dilip Shanghvi net worth is estimated to be around $5.5
13. Savitri Jindal – (Net Worth – $4.4 billion)
Did you know the richest woman in India? Well her name is Savitri Jindal .she is the chairperson of Emiretus, Jindal Steel & Power Limited. She controls Jindal Group which has interests in cement, infrastructure, steel, power, and cement.
The company was founded by the late Om Prakash Jindal who died in 2005 leaving his wife in control of the company. Today Savitri Jindal net worth is estimated to be around $4.4 billion making her India’s richest woman.
14. Kushal Pal Singh – (Net Worth – $3.4 billion)
Another Indian billionaire who is a real estate developer is Kushal Pal Singh, the chairperson and CEO of DFL limited one of India’s largest real estate development companies.
The company has over 10,000 acres of land bank, and over 3000 acres in Gurugram city.in 2007 the company went for an initial public offering and made over $2 billion making it one of India’s largest IPOs.
Looking at market capitalization the company increased to $24 billion making Singh and his family one of the richest clans globally. today Kushal Pal Singh net worth is estimated to be around 3.4 billion which makes him one of the richest Indians in India.
India is the third-largest economy in Asia and with now over 170 billionaires. With such statistics that place India in the third position in the list of countries ranking by the number of billionaires, we can say this is a reflection of India’s reflection of economic prosperity. Let’s await next year and see how many more Indians will make it to our list of India richest people