India’s top 2 billionaires position them successfully in the list of the Top richest billionaires in the world. And it’s been more than a year, hence indicating that the country has a record-high number of billionaires and industrialists.
Mukesh Ambani and Gautam Adani have become the top industrialists while Cyrus Poonawalla’s Serum Institute of India became the country’s biggest producer of Covid-19 vaccines and earned huge revenue.
It is also important to know the contribution of Savitri Jindal, the only woman on the list of the top 10 richest people in India.
Let’s quickly take a look at the top 10 richest people in India in 2023:
10. UDAY KOTAK
Net Worth: $14 Billion (as of July 2023)
Age: 64 Years
Source of Wealth: Kotak Mahindra Bank
The Indian billionaire, the Founder and Managing Director of Kotak Mahindra Group, Uday Kotak is a renowned personality and is idealised by many around the nation. He was born in 1959 in an upper-middle-class Gujarati Lohana joint family in Mumbai.
Although he built his career as a cricketer, an immediate surgery marked the end of his cricket dreams. Recollecting the hope, he began his entrepreneurial journey by establishing his finance and bill discounting business with a seed capital borrowed from his friends and near & dear ones. As the major part of the investment that he borrowed came from Anand Mahindra, he named his agency ‘Kotak Mahindra’.
9. KUMAR BIRLA
Net Worth: $15.4 Billion (as of July 2023)
Age: 56 Years
Source of Wealth: Hindalco Industries
Another richest billionaire on the list is Kumar Birla, the Chairman of the third largest Indian business conglomerate, Aditya Birla Group. He is also the Chairman of the Indian Institute of Management Ahmedabad and the Chancellor of the Birla Institute of Technology & Science.
He took over the Aditya Birla Group at the age of 28 due to the sudden demise of his father. He faced a lot of scepticism because of his lack of experience but with his sharp business sense, he took the company to the heights.
8. LAKSHMI MITTAL
Net Worth: $16.7 Billion (as of July 2023)
Age: 73 Years
Source of Wealth: ArcelorMittal
Successfully securing his position among the top 10 richest persons in India, Lakshmi Narayan Mittal is an Indian billionaire who is the Executive Chairman of the world’s leading steel and mining company ArcelorMittal. He served as the CEO of the company till February 2021.
He was born in Sadulpur in Rajasthan in 1950. He began his career in his family’s steelmaking business in India before he moved to Indonesia in 1976 to set up a small steel company that over time grew to become today’s widely popular ArcelorMittal. He was awarded the Padma Vibhushan, India’s second highest civilian honour, by the President of India in 2008.
7. RADHAKISHAN DAMANI
Net Worth: $17.2 Billion (as of July 2023)
Age: 68 Years
Source of Wealth: Avenue Supermarts Limited
A renowned Mumbai-based investor and entrepreneur, Radhakishan Damani is the owner of India’s third-largest mega-retail stores’ chain, ‘DMart.’ Rakesh Jhunjhunwala considers him as his mentor in the Indian share market.
He was born in 1954 to an Indian Marwari family, born and brought up in Bikaner, Rajasthan. He started his career as a stockbroker but soon started stock trading in the Indian stock market. He gained a foothold in the business community only after he overpowered the Indian stockbroker Harshad Mehta.
6. DILIP SHANGHVI
Net Worth: $17.7 Billion (as of July 2023)
Age: 67 Years
Source of Wealth: Sun Pharmaceuticals
Dilip Shantilal Shanghvi is a popular Indian billionaire who is also the Founder of Sun Pharmaceuticals. After Dilip made the company public in 1994, three years later Sun Pharma made its first international acquisition when it bought Detroit-based Caraco Pharmaceutical Laboratories. Among many other acquisitions, the notable one was the purchase of Ranbaxy Laboratories in 2014.
Sun Pharma experienced multifaceted growth under the leadership of sharp-witted Dilip Shanghvi. In 2018, he became a member of the Reserve Bank of India’s central board.
5. SAVITRI JINDAL AND FAMILY
Net Worth: $20.1 Billion (as of July 2023)
Age: 73 Years
Source of Wealth: O.P. Jindal Group
Savitri Jindal is a wonderful example of being the only richest woman in a self-proclaimed man’s world. She is the Chairperson Emeritus of Jindal Steel & Power Limited. She is also the President of Maharaja Agrasen Medical College (MAMC), Agroha established in 1998.
After the sudden death of her husband, Om Prakash Jindal in 2005, India’s richest woman Savitri Jindal took over her husband’s steel and power conglomerate. Committed to following the values of OP Jindal, she is running the business with full vigour.
4. SHIV NADAR
Net Worth: $26.2 Billion (as of July 2023)
Age: 77 Years
Source of Wealth: HCL Enterprise
Another prominent name in the list of top 10 richest billionaires in India is famous billionaire industrialist and philanthropist, Shiv Nadar who is also the Founder of Hindustan Computers Limited (HCL).
Shiv Nadar was born on 14th July 1945, to his father, Sivasubramaniya and mother, Vamasundari Devi in Tiruchendur, Tamil Nadu India. He started his career in 1967 as an engineer at Walchand Group’s Cooper Engineering (COEP) in Pune. After a few years, he quit his job to take up a business-oriented career in partnership with Ajai Chowdhry and other colleagues to establish an enterprise which came to be known as Microcomp under the brand name ‘Televista’. Later, all of them together founded HCL Tech in 1976 to manufacture microprocessors and calculators.
3. CYRUS POONAWALLA
Net Worth: $27.9 Billion (as of July 2023)
Age: 82 Years
Source of Wealth: Serum Institute of India
Cyrus Poonawalla is the Founder and Managing Director of Cyrus Poonawalla Group, which includes the Serum Institute of India (SII), an Indian biotechnology company manufacturing highly specialised life-saving biologicals.
In 1966, Cyrus incepted the Serum Institute of India to derive therapeutic serum from horse blood. Within two years, the institute launched its first therapeutic tetanus serum and started producing anti-tetanus vaccines. Although he faced a couple of challenges with financing and recognition of the company, Cyrus also stood to fight against all of them.
2. GAUTAM ADANI
Net Worth: $50.9 Billion (as of July 2023)
Age: 61 Years
Source of Wealth: Adani Group
Born on 24 June 1962, Gautam Adani is the Founder and Chairman of the Adani Group. The self-made billionaire operates a world-class integrated infrastructure company that includes coal trading, coal mining, ports, oil and gas exploration, multimodal transportation, transmission, power production, and gas distribution.
In May 2022, Gautami Adani’s firm picked up two well-known companies—Ambuja Cement and ACC—that Holcim owned. He is India’s biggest airport operator and also controls India’s largest port, Mundra Port located in the state of Gujarat.
1. MUKESH AMBANI
Net Worth: $97.8 Billion (as of July 2023)
Age: 66 Years
Source of Wealth: Reliance Industries Ltd
Mukesh Ambani is a widely recognized Indian billionaire industrialist who is the Chairman and Managing Director of Reliance Industries Ltd. (RIL), an MNC with diverse businesses including energy, natural gas, mass media, retail, petrochemicals, telecommunications, and textiles.
After the death of his father Dhirubhai Ambani, the brothers Mukesh Ambani and Anil Ambani assumed joint leadership of the Reliance companies but due to feuds between the brothers, Kokilaben Ambani, their mother, split the assets under which Mukesh assumed control of the gas, oil, and petrochemicals units. He grew the business multifariously and became one of the richest people in India.
Frequently Asked Questions:
Q. Who is the richest man in Asia?
Q. Why Ratan Tata is not in the list of richest people in India?
Ratan Tata is involved in a lot of philanthropy work through Tata Trusts. He is at the 433 position on the IIFL Wealth Hurun India Rich List 2021. 66% of the profits earned by Tata Companies is donated for philanthropic activities.
Q. Who will become the first trillionaire on Earth?
Founder of SpaceX and Tesla, Elon Musk will become the first trillionaire in the future.
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