Top 8 Richest People in India

There are a significant number of billionaires from India, several of whom are among the world’s richest people. Indian billionaires, who come from a variety of industrial backgrounds, have significantly contributed to the development of the nation’s economy. Given the erratic market conditions, wealth will inevitably fluctuate, particularly since the majority of billionaires have their fortunes invested in stocks that are traded publicly.

Here’s a list of top 8 richest people in India,

1. Mukesh Ambani

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’ owner and chairperson has holdings. Reliance’s debut of 4G phone services in the Indian telecom sector in 2016 sparked a price war that destroyed other networks’ business models and created significant whirlwinds. Mukesh Ambani raised nearly $20 billion when he sold a third of Jio to investors like Google and Facebook during the COVID-19 lockout.

2. Gautam Adani

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 holdings in a variety of industries, including property investment, metals, infrastructures, 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.

3. Cyrus Poonawalla

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 Serum Institute of India, which today produces the most doses of vaccines globally. The company makes more than 1.5 billion doses of many flu, polio, and measles vaccinations each year. The CEO of Serum, which has also invested close to $800 million to construct a new factory making Covid-19 vaccines, is his son Adar.

4. Savitri Jindal

With a combined net worth of $17.3 billion in 2022, Savitri Jindal and her family rank sixth amongst India’s wealthiest people. The Jindal Group has holdings in steel, cement, infrastructure, and power. Savitri Jindal, the widow of Om Prakash Jindal, the man who started the Jindal Group, is currently in charge of the organisation. After Om Prakash Jindal died in a helicopter accident in 2005, his four sons separated the group’s businesses.

5. Dilip Shanghvi

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 an 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 pharmaceutical transactions, the most noteworthy of which being the $4 billion acquisition of Ranbaxy Laboratories in 2014.

6. Lakshmi Mittal

Lakshmi Mittal, who will be the eighth wealthiest person in India in 2022, has a combined wealth of $15.9 billion. He serves as chairman of ArcelorMittal, the largest mining and steel producer in the world, according to output, with $53.3 billion in annual sales. 2019 saw the acquisition of Essar Steel, which was once under the hands 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.

7. Sunil Mittal

Sunil Mittal, who has a combined wealth 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 chief executive of Bharti Enterprises. Mittal is also recognised for supporting education in India through the Bharti Foundation, Bharti Enterprises’ charitable organisation.

8. Kumar Birla

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 annual revenue, and is referred to as the commodities monarch. The company also provides financial and telecom services. It also has interests in cement and aluminium. After Kumar Birla left his position as president of the insolvent Vodafone India in August 2021, Idea Cellular and Vodafone India combined in 2018.