India has the third highest number of billionaires in the world, behind the US and China. The country has a long list of billionaires, from
Mukesh Ambani, the chairman of Reliance Industries and the country’s richest man to Savitri Jindal, the country’s richest woman.
Mukesh Ambani and
Gautam Adani, who heads the Adani Group have been competing for the top spot, with Adani even taking it for some time, before being pushed down after the Hindenburg saga.
The stock market rally ahead of the Lok Sabha 2024 elections in the country has boosted the wealth of a lot of individuals.
According to Forbes data, India had 200 billionaires in April 2024, up from 169 reported during the same period last year. The wealth of India’s richest is now close to a trillion at a record total of $954 billion, up 41% from $675 billion last year.
Forbes recently released a report on India’s richest people in 2024, with Mukesh Ambani on the top. In this post, we look at India’s top richest people in 2024:
Top richest people in India in 2024Name
| Company
| Net worth
| Global rank
|
Mukesh Ambani
| Reliance Industries
| $116 billion
| 9
|
Gautam Adani
| Adani Group
| $84 billion
| 17
|
Shiv Nadar
| HCL Technologies
| $36.9 billion
| 39
|
Savitri Jindal & Family
| JSW Group
| $33.5 billion
| 46
|
Dilip Shanghvi
| Sun Pharmaceutical Industries
| $26.7 billion
| 69
|
Cyrus Poonawalla
| Serum Institute of India
| $21.3 billion
| 90
|
Kushal Pal Singh
| DLF Limited
| $20.9 billion
| 92
|
Kumar Birla
| Aditya Birla Group
| $19.7 billion
| 98
|
Radhakishan Damani
| Avenue Supermarkets
| $17.6 billion
| 107
|
Lakshmi Mittal
| ArcelorMittal
| $16.4 billion
| 113
|
Ravi Jaipuria
| RJ Corp
| $16.2 billion
| 115
|
Uday Kotak
| Kotak Mahindra Bank
| $13.3 billion
| 148
|
Azim Premji
| Wipro
| $12 billion
| 165
|
Mangal Prabhat Lodha
| Lodha Group
| $10.4 billion
| 213
|
Pankaj Patel
| Zydus Lifesciences
| $9.5 billion
| 249
|
Sunil Mittal
| Bharti Airtel
| $9.2 billion
| 266
|
Rekha Jhunjhunwala
| NA
| $8.5 billion
| 298
|
Hasmukh Chudgar & family
| Intas Pharmaceuticals
| $7.7 billion
| 334
|
M.A. Yusuff Ali
| LuLu Group International
| $7.6 billion
| 344
|
Gopikishan Damani
| Avenue Supermarkets
| $7 billion
| 391
|
Benu Gopal Bangur
| Shree Cement
| $6.8 billion
| 403
|
Vikram Lal & family
| Eicher Motors
| $6.7 billion
| 409
|
Murali Divi & family
| Divi's Labs
| $6.2 billion
| 469
|
Rajan Mittal
| Bharti Airtel
| $6 billion
| 486
|
Rakesh Mittal
| Bharti Airtel
| $6 billion
| 486
|
Source: ForbesThe US has 2,781 billionaires and China, which is at the second position has 406 billionaires.
Germany and Russia are ranked below India, with 132 and 120 billionaires respectively.
Gautam Adani, who was hit by short-seller Hindenburg gained $36.8 billion since March 2023 after getting a favourable decision from the Supreme Court of India. Despite this, Adani is behind his peak of $90 billion in the Forbes’ 2022 list.
India