Here are the 5 richest families in India — who together hold a fortune of ₹9,22,600 crore
- The top
5 richest families in Indiahold a combined wealth of ₹9,22,600 crore crore.
- The list includes Ambani who have ₹3,80,700 crore, Godrejs who have ₹1,57,000 crore and Hindujas who control ₹1,86,500 crore; occupy the top three positions.
- According to the Hurun Research Institute, the top 10
richest families in Indiacontrol more than half the country's businesses.
According to Hurun Research Institute, the top 10 richest families in India control more than half the country's businesses.
From the Ambani's family whose ₹3,80,700 crore comes from Reliance Industries; to Wadias who control a textiles-to-airlines group, here's a rundown of 10 wealthiest families in India.
NetWorth: ₹3,80,700 crore
Source of Income: Reliance Industries
Mukesh Ambani, his wife Nita, and their three children – Akash, Isha, Anant – make up India's richest family, whose wealth is at ₹3,80,700 crore.
The whole country is in awe of them not just because of the wealth, but their glimmering lifestyle. The twins Akash and Isha’s weddings captured national and international attention. Not only did all of Bollywood dance to it, international popstar Beyonce's too performed at one of the functions.
The Ambanis also reside at one of the world's most expensive homes Antilia — the 27-storey skyscraper in Mumbai that allegedly costs a billion dollars.
Mukesh Ambani, chairman of Reliance Industries, was named richest person in India in the Hurun rich list for the 8th time in a row. His wealth is more than the combined wealth of country’s second and third richest who are --SP Hinduja family and Azim Premji, respectively.
Networth: ₹1,57,000 crore
Source of Income: Godrej Group
The Mumbai-based Godrej family built its fortune from multiple businesses with interests across consumer goods, real estate, white goods and more.
The patriarch of the family is Adi Godrej, the 77-year-old Indian billionaire with a net worth of US$2.9 billion.
The 122-year-old conglomerate r ecently ran into disputes over a vast land they hold in Mumbai. The family sought external help to resolve the dispute.
Networth: ₹1,86,500 crore
Source of Income: The
The Hinduja family has four siblings — Srichand, Gopichand, Prakash and Ashok. They run London-based conglomerate, the Hinduja group, which generates an annual revenue of $50 billion.
AdvertisementP D Hinduja founded a merchant bank and trading company in 1914. Now, its trading operations are spread across every commodity except tobacco, alcohol and meat. It also expanded to many sectors including energy, foundries and more. The group is the fourth largest bus manufacturer in the world.
In two decades, the Hinduja brothers increased their networth by 1,590%, from $1 billion in 1999 to $16.9 billion in 2019, according to Forbes.
The Hinduja brothers are also one of the wealthiest in the UK. The family’s net worth saw an increase of over three billion pounds in one year, reported the Asian Rich List that positioned the family number one.
They live in august company as their Carlton House Terrace mansion is close to Buckingham Palace in London.
Adanis are in shipshape
Networth: ₹120,900 crore
Source of Income: The Adani Group
AdvertisementAdanis family consists of billionaire
The Adani group interests span across logistics, energy, agriculture, defense, and aerospace.
In 25 years, Adani built one of India's largest infrastructure companies worth ₹4,700 crore. Adani group’s six companies — had a turnover ₹77,000 crore with ₹20,141 crore as operating profit in 2017-18.
The Damanis of Dalal Street
Networth: ₹77,500 crore
Famous investor Radhakishan Damani along with his wife, daughter and brother form the country’s fifth richest family.
AdvertisementThey own the popular retail store D-Mart, is the primary source of the family’s vast income. Damani is a famous investor whose wealth doubled after a stellar listing of the retail chain on the stock exchanges in 2017. His daughter Manjri Chandak is a director at D-Mart.
Radhakishan Damani who is often called the ‘Warren Buffet of India’, was also a mentor to ace investor,
The family also owns the Radisson Blu resort at Alibaug, near Mumbai.
Popular on BI
- Delhi's air quality will likely improve from Sunday evening, says IMD
- Centre to convene all-party meet Monday to finalise strategies for 2023 G-20 summit
- Family members of Indian workers now eligible to work in Canada
- Researchers reveal new genetic mutation cause of childhood glaucoma
- Apple 'fully resumed' advertising on Twitter, says Musk