India has solidified its position on the global billionaire stage, boasting an impressive 169 individuals on Forbes’ 2023 World’s Billionaires list. This marks an increase from the previous year, highlighting the resilience and prosperity of India’s economic leaders. Let’s cast a spotlight on the crème de la crème, the top 10 wealthiest individuals in India based on their net worth.
As of December 2023, Mukesh Ambani stands as the undisputed leader among India’s billionaires.
Radhakishan Damani – $17.8 BLakshmi Mittal – $17.4 BUday Kotak – $13.9 B
This exclusive list is derived from Forbes’ Real-Time Billionaires rankings, providing a comprehensive view of India’s financial elite in 2023.
Mukesh Ambani
Age: 66Net Worth: $98.0 BSource: Reliance Industries Ltd
Mukesh Ambani, at 66, commands a staggering net worth of $96.8 billion as the Managing Director and Chairman of Reliance Industries. With diverse interests spanning petrochemicals, oil and gas, retail, and telecom, Ambani’s empire contributes significantly to India’s economic landscape.
Gautam Adani
Age: 61Net Worth: $74.3 BSource: Adani Group
Gautam Adani’s Adani Group, with a net worth of $58.5 billion, plays a pivotal role in India’s port operations, development, and more. Despite facing allegations, Adani continues to shape India’s business landscape with diversified interests.
Shiv Nadar
Age: 78Net Worth: $33.9 BSource: HCL Enterprise
Shiv Nadar’s wealth of $29.4 billion is primarily attributed to his ownership of HCL, a company lauded for its IT contributions. Recognized as a philanthropist, Nadar received the Padma Bhushan in 2008 for his exceptional services.
Savitri Jindal & family
Age: 73Net Worth: $28.9 BSource: O.P. Jindal Group
Savitri Jindal, a distinguished entrepreneur, holds emeritus chair at the O.P. Jindal Group. With her sons overseeing diverse business divisions, including JSW Sports, she claims the title of India’s wealthiest woman.
Cyrus Poonawalla
Age: 82Net Worth: $22.4 BSource: Serum Institute of India
Cyrus Poonawalla, a vaccine development stalwart, reaps rewards through the Serum Institute of India, the world’s largest vaccine manufacturer.
Dilip Shanghvi
Age: 67Net Worth: $20.7 BSource: Sun Pharmaceuticals
Dilip Shanghvi, at 67, has a fortune of $18.7 billion, steering Sun Pharmaceutical Industries to become a valuation giant in the pharma sector.
Radhakishan Damani
Age: 68Net Worth: $17.8 BSource: Avenue Supermarts Limited
Radhakishan Damani, an astute investor and entrepreneur, founded Avenue Supermarts Limited, overseeing a network of over 200 DMart stores.
Kumar Birla
Age: 56Net Worth: $19.2 BSource: Hindalco Industries
Kumar Birla, at 56, guides the Aditya Birla Group in sectors like aluminum, cement, and financial services, contributing significantly to India’s commodities arena.
Lakshmi Mittal
Age: 73Net Worth: $17.4 BSource: ArcelorMittal
Lakshmi Mittal, at 73, chairs ArcelorMittal, the world’s largest steel producer, showcasing strategic acumen in acquisitions
Uday Kotak
Age: 64Net Worth: $13.9 BSource: Kotak Mahindra Bank
Uday Kotak, 64, is the founder and managing director of Kotak Mahindra Group, making strategic moves to ensure regulatory flexibility.
This illustrious list provides insights into the dynamic landscape of India’s wealthiest individuals in 2023.
