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Who are the top 10 richest person in india of 2024?
As India’s economy experiences exponential growth, one might frequently wonder about the implications. A record number of Indians, totaling 200, have made it to Forbes’ 2024 World’s Billionaires list.
To probably no one’s surprise, Mukesh Ambani tops the list, followed by eminent personalities such as Gautam Adani and Shiv Nadar. In this post, we bring you a list of the top 10 richest people in India courtesy of Forbes’ Real-Time Billionaires rankings, which keep an eye out for billionaires globally. And this information provided corresponds to data collected on March 8, 2024.
1. Mukesh ambani
- Age:- 67 years
- The Source of Wealth:- Chairman and Md, Reliance Industries Ltd
- Net worth:- 11,580 crores USD (2024)
Mr. Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, stands as India’s wealthiest individual. According to Forbes, Reliance Industries reports a revenue of over Rs 9.03 lakh crore ($109.4 billion). The conglomerate is engaged in diverse sectors including petrochemicals, oil and gas, retail, telecom, and more. Ambani’s three children, Akash, Anant, and Isha, actively participate in managing various divisions of the conglomerate.
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2. Gautam Adani
- Age:- 61 years
- The Source of Wealth:- Adani gorup
- Net worth:- 8,110 crores USD(2024)
Gautam Shantilal Adani, an Indian billionaire industrialist, is renowned as the founder and chairman of the Adani Group, a multinational conglomerate involved in port operations and development within India. The Adani Foundation, established by Gautam Adani in 1996, has his wife, Priti Adani, serving as its chairperson. The group’s business interests encompass various sectors, including ports, airports, power generation, and transmission, as well as green energy. Adani is recognized as India’s largest airport operator and also controls Gujarat’s Mundra Port, the country’s largest.
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3. Shiv Nadar
- Age:- 78 Years
- The Source of Wealth:- HCL Enterprise
- Net worth:- 3,340 crores USD (2024)
Shiv Nadar, the owner of the HCL group, boasts an esteemed clientele including Cisco, Microsoft, and Boeing. Recognizing his significant contributions to the IT industry, the Indian government honored Mr. Nadar with the Padma Bhushan, India’s esteemed third-highest civilian award, in 2008. Mr. Nadar is highly regarded as a philanthropist, having donated Rs 2,042 crore in late 2023.
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4. Savitri Jindal & family
- Age:- 74 Years
- The Source of Wealth:- O.P. Jindal Group
- Net worth:- 3,600 crores USD (2024)
Savitri Jindal, an Indian politician and entrepreneur, holds the esteemed position of emeritus chair at the O.P. Jindal Group, with her four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, managing the various divisions of the business. Additionally, JSW Sports, the sports division of the JSW Group, operates within this conglomerate that spans India, the USA, South America, Europe, and Africa. Its objective is to actively contribute to the development of a vibrant sports ecosystem in India. Savitri Jindal stands as the wealthiest woman in India.
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5. Dilip Shanghvi
- Age:- 68 Years
- The Source of Wealth:- Sun Pharmaceuticals
- Net worth:- 2,470 crores USD (2024)
Dilip Shanghvi stands as a prominent Indian business tycoon, heralded as the visionary behind Sun Pharmaceutical Industries, which became the first Indian pharmaceutical company to achieve a $5 billion valuation. He steered Sun’s growth trajectory through a string of acquisitions, notably the landmark 2014 acquisition of the scandal-marred rival Ranbaxy Laboratories for $4 billion.
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6. Cyrus Poonawalla
- Age:- 82 Years
- The Source of Wealth:- Serum Institute of India
- Net worth:- 2,100 crores USD (2024)
Cyrus Poonawalla, a prominent figure in vaccine development in India, is the primary beneficiary of the expanding sales and earnings resulting from his ownership of the privately held Serum Institute of India. And assisting him in its management is his son, Adar. The institute, headquartered in Pune, holds the prestigious title of being the world’s largest vaccine manufacturer. The recent increase in Cyrus Poonawalla’s wealth can largely be attributed to the widespread utilization of the Covid-19 vaccines developed by the SII.
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7. Kushal Pal Singh
- Age:- 92 Years
- The Source of Wealth:- DLF Limited
- Net worth:- 2,030 crores USD (2024)
Kushal Pal Singh, a property baron, serves as the chairman emeritus of DLF, which stands as India’s biggest listed real estate firm by market cap. Singh, an army veteran, commenced his journey with DLF, a company initiated by his father-in-law, in 1961. He held the position of chairman for over five decades.
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8. Kumar Birla
- Age:- 56 Years
- The Source of Wealth:- Hindalco Industries
- Net worth:- 2,160 crores USD (2024)
Renowned as a leading figure in the commodities sector, Kumar Birla assumes leadership of the Aditya Birla Group. In addition to its involvement in aluminum and cement sectors, the conglomerate also offers financial services. Birla previously held the position of non-executive chairman of Vodafone Idea, a telecommunications company, but resigned in 2021 amidst mounting debts. As of 2024, the company has appointed Birla as a non-executive director.
In a recent development, Birla’s children, Ananya and Aryaman, have joined the boards of his flagship companies. Birla anticipates their infusion of fresh ideas, passion, and energy into the business.
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9. Radhakishan Shivkishan Damani
- Age:- 68 Years
- The Source of Wealth:- Avenue Supermarts Limited
- Net worth:- 2,010 crores USD (2024)
Radhakishan Shivkishan Damani, an Indian entrepreneur and distinguished investor, is celebrated as the architect behind Avenue Supermarts Limited, overseeing the operations of over 300 DMart stores across India. Moreover, he exerts authority over his investment endeavors through Bright Star Investments Limited, his corporate vehicle.
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10. Lakshmi Mittal
- Age:- 73 Years
- The Source of Wealth:- ArcelorMittal
- Net worth:- 1,610 crores USD (2024)
Lakshmi Mittal, the present Chairman and CEO of ArcelorMittal, holds the esteemed position as the leading global steel manufacturer. In 2019, ArcelorMittal, in partnership with Nippon Steel, successfully completed the acquisition of Essar Steel for $5.9 billion. Prior to this, Essar Steel was under the ownership of Shashi and Ravi Ruia. In 2021, Mittal transitioned the CEO role to his son, Aditya Mittal, while retaining his position as the executive chairman of ArcelorMittal. The recent invasion of Ukraine by Russia prompted ArcelorMittal to halt production at its Kryvyi Rih facility in Ukraine.
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