India is now the second fastest-growing economy in the world. With this comes more wealth and new business opportunities. This is a huge opportunity for India, but also a massive opportunity for the rest of the world. The country has the potential to transform itself into a global hub for trade and commerce. This is why it is essential that we know who these ten wealthiest people in India are.
Gautam Adani and family – $135.8 billion
Gautam Adani and his family are the richest people in India, with a whopping net worth of $135.8 billion. The largest port in Gujarat, Mundra, is under the hands of Gautam Adani. The Adani Group has stakes in a variety of industries, including real estate, commodities, infrastructure, and electricity generation and transmission. Adani purchased a 74% share in Mumbai International Airport, India’s second busiest airport, in September 2020. Additionally, Adani is the owner of the Abbot Point coal mining project in Australia.
Mukesh Ambani – $91 billion
Mukesh Ambani, who ranks tenth among the world’s wealthiest people in 2022, has a net worth of $91 billion. Petrochemicals, oil and gas, retail, and telecom are among the industries in which Reliance Industries’ founder and chairman have interests. Reliance’s launch of 4G phone services in the Indian telecom market in 2016 sparked a price war that destroyed several networks’ business models and created strong whirlwinds. Mukesh Ambani raised over $20 billion when he sold a third of Jio to investors like Google and Facebook during the COVID-19 lockdown.
Shiv Nadar – $25.5 billion
With an expected worth of $25.5 billion in 2022, Shiv Nadar, creator of HCL, is ranked third among India’s richest billionaires. HCL began making calculators and microprocessors in 1976, and with a $102 billion revenue, it is now one of the biggest producers of software services in the nation. In 50 different countries, HCL Technologies has employed 169,000 individuals. In 2020, Shiv Nadar’s daughter took over as CEO of HCL after he resigned. Chairman Emeritus Shiv Nadar is in charge right now. He is a prominent philanthropist in the nation and has donated more than $662 million to the Shiv Nadar Foundation to help with educational causes.
Cyrus Poonawalla – $21.6 billion
With a net worth of $21.6 billion, Cyrus Poonawalla will rank fourth in terms of wealth in India in 2022. In 1966, he established the Serum Institute of India, which currently produces the most doses of vaccines globally. The company makes more than 1.5 billion doses of many cases of flu, polio, and measles vaccinations each year. The CEO of Serum, which has also committed close to $800 million to construct a new facility making Covid-19 vaccines, is his son Adar.
Radhakishan Damani – $17.7 billion
With a net worth of $17.7 billion, Radhakishan Damani ranks sixth among the richest people in India. Avenue Supermarket’s champion, he has crowned the nation’s retail monarch in March 2017 when the chain of stores finished the I|PO. In a Mumbai suburb, he began his retail career in India with just one grocery. Currently, the national retail network has over 221 DMart locations. Damani owns shares in many other companies, including India Cements and the tobacco company VST. He is the owner of the 156-room Radisson Blu Resort in Alibag, a well-known seaside resort close to Mumbai.
Savitri Jindal and their family – $17.3 billion
With a combined net worth of $17.3 billion in 2022, Savitri Jindal and her family rank sixth among India’s wealthiest people. The Jindal Group has holdings in steel, cement, infrastructure, and electricity. Savitri Jindal, the widow of Om Prakash Jindal, the man who started the Jindal Group, is now in charge of the organization. After Om Prakash Jindal died in a helicopter accident in 2005, his four sons divided the group’s businesses.
Dilip Shanghvi – $16.2 billion
With a net worth of $16.2 billion, Dilip Shanghvi will rank sixth among the richest people in the nation in 2022. His father handed him $200 in 1983 to launch Sun Pharma, which produced mental medications. With annual sales of $4.5 billion, the company is currently among the top providers of pharmaceutical supplies in the country. Sun Pharma expanded through a number of pharmaceutical acquisitions, the most noteworthy of which was the $4 billion acquisition of Ranbaxy Laboratories in 2014. Shanghvi has recently made investments in both oil and gas as well as renewable energy.
Lakshmi Mittal – $15.9 billion
Lakshmi Mittal, who will be the ninth richest person in India in 2022, has a net worth of $15.9 billion. He serves as chairman of ArcelorMittal, the largest mining and steel producer in the world, according to production, with $53.3 billion in annual sales. 2019 saw the acquisition of Essar Steel, which was formerly under the control of billionaires Ravi Ruia and Shashi. Lakshmi Mittal still serves as the executive chairman of Arcelor Mittal despite handing over the company’s CEO duties to his son Aditya Mittal.
Sunil Mittal and their family – $15.7 billion
Sunil Mittal, who has a net worth of $15.7 billion, is ranked ninth among the richest people in India. The second-largest telecom business in India, Bharti Airtel, is owned by Sunil Bharti Mittal, the founder, and chairman of Bharti Enterprises. Mittal is also recognized for supporting education in India through the Bharti Foundation, Bharti Enterprises’ charitable organization.
Kumar Birla – $15.1 billion
Kumar Birla has a net worth of $15.1 billion, making him the eleventh richest person in India. He is the leader of the Aditya Birla Group, which generates $46 billion in sales, and is referred to as the commodities king. The company also provides banking and communications services. It also has holdings in cement and aluminum. After Kumar Birla left his position as chairman of the insolvent Vodafone India in August 2021, Idea Cellular and Vodafone India merged in 2018.