India has cemented its position on the global billionaire stage, with 169 people on Forbes’ 2023 World’s Billionaires list. This is an increase over the previous year, demonstrating India’s economic leaders’ resilience and prosperity. Let us shine a light on the crème de la crème, the top ten wealthiest people in India based on net worth.
Mukesh Ambani will be the undisputed leader among India’s billionaires as of December 2023.
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List of the Top Ten Richest People in India in 2023
Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, has a staggering net worth of $96.8 billion. Ambani’s empire contributes significantly to India’s economic landscape, with diverse interests spanning petrochemicals, oil and gas, retail, and telecom.
With a net worth of $58.5 billion, Gautam Adani’s Adani Group plays a critical role in India’s port operations, development, and more. Despite the allegations, Adani continues to shape India’s business landscape through his diverse holdings.
Shiv Nadar’s fortune of $29.4 billion stems primarily from his ownership of HCL, a company lauded for its contributions to information technology. Nadar, a philanthropist, was awarded the Padma Bhushan in 2008 for his exceptional services.
Savitri Jindal & family
The O.P. Jindal Group’s emeritus chair is held by Savitri Jindal, a distinguished entrepreneur. With her sons in charge of various business divisions, including JSW Sports, she is India’s wealthiest woman.
Cyrus Poonawalla, a pioneer in vaccine development, reaps benefits from the Serum Institute of India, the world’s largest vaccine manufacturer.
Dilip Shanghvi, 67, has a fortune of $18.7 billion after steering Sun Pharmaceutical Industries to become a pharmaceutical valuation giant.
Radhakishan Damani, a savvy investor and entrepreneur, established Avenue Supermarts Limited, which oversees a network of over 200 DMart stores.
Kumar Birla, 56, leads the Aditya Birla Group in industries such as aluminum, cement, and financial services, all of which contribute significantly to India’s commodities market.
Lakshmi Mittal, 73, is the chairman of ArcelorMittal, the world’s largest steel producer, and has demonstrated strategic acumen in acquisitions.
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Uday Kotak, 64, is the founder and CEO of Kotak Mahindra Group, which is making strategic moves to ensure regulatory flexibility.
This illustrious list sheds light on the ever-changing landscape of India’s wealthiest individuals in 2023.