Meet the top billionaires from India on the Hurun Global Rich List

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to address the company's annual general meeting in Mumbai, July 5, 2018. Reuters

  • India ranks fifth in the list of countries with the highest number of billionaires.
  • Mukesh Ambani, the richest man in Asia, is featured in the list of top 10 richest billionaires around the globe.
  • This year, there were 28 fewer billionaires compared to last year in India.
India slipped to the fifth spot on the Hurun Global Rich List with 104 billionaires, 28 less than last year. The total billionaire wealth In India is estimated at US$347 billion, according to Hurun Global Rich List 2019.

Reliance Group chairman Mukesh Ambani became the first Indian to be featured on the annual list. With 42 billionaires residing in Mumbai and 25 in Delhi, Mumbai has become the billionaire capital of India.

The decline in number of billionaires in India is primarily because they collectively lost one fourth of their wealth because of 10% depreciation of the rupee and below average performance of the capital market, said the hurun research report.

On the other hand, India’s widening wealth gap is only increasing. According to a report by Oxfam, the richest 1% in India have together increased their wealth by 39%. Consequently, the richest in India hold 51.5% of the country’s wealth while the rest own less than 5%.


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​Mukesh Ambani

​Mukesh Ambani

Chairman of the Reliance Group of Industries

Net Worth: ₹3837 billion

Global Rank: 8th

Reuters

​S P Hinduja

​S P Hinduja

Hinduja Group.

Net worth: ₹ 1505 billion

Rank: 40th

Reuters

Azim Premji

Azim Premji

Chairman, Wipro Ltd.

Net worth: ₹1210 billion

Global Rank: 57th

Reuters

Cyrus Poonawalla

Cyrus Poonawalla

Founder, Serum Institute of India.

Net worth: ₹ 898 billion

Rank: 100th

Reuters

Lakshmi Mittal

Lakshmi Mittal

Chief Executive Officer, ArcelorMittal.

Net worth: ₹879 billion

Rank: 112th

Reuters

​Gautam Adani

​Gautam Adani

Chairman and founder, Adani Group.

Net worth: ₹ 706 billion

Rank: 157th.

Reuters

Uday Kotak

Uday Kotak

Managing Director, Kotak Mahindra Bank.

Net worth: ₹ 756 billion

Rank: 129th

Reuters

​Dilip Shanghvi

​Dilip Shanghvi

Managing Director, Sun Pharmaceuticals.

Net worth: ₹ 673 billion

Rank: 163rd.

Reuters

​Cyrus Mistry and Shapoor Pallonji Mistry

​Cyrus Mistry and Shapoor Pallonji Mistry

Pallonji Group.

Net worth: ₹ 671 billion

Rank: 163rd.

Reuters

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