Top 10 Richest People in India [2024 Updated List]

Top 10 Richest People in India

India, a place with many different cultures and big economic gaps, is where some of the richest people in the world live. Even while fighting against poverty continuously, there are few who manage to gather wealth that can be compared to billionaires on a global scale. This blog will examine the lives and enterprises of the top 10 richest People in India, studying their journey towards achievement as well as industries that have driven them into exceptional riches. As of June 29, 2024, here is a comprehensive overview of India’s wealthiest elite.

Top 10 Richest People in India

1. Mukesh Ambani

Mukesh Ambani

On the topmost spot of India’s wealthy people is Mukesh Ambani, who is the chairperson and managing director at Reliance Industries Limited (RIL). His net worth comes to an astonishing $116 billion as of June 2024. He has become one among not only the richest people in India but also globally rich individuals around the world with this amount of money under his name. The main source for the 67-year-old’s wealth is from a wide-ranging conglomerate called RIL, which has dealings in petrochemicals along with oil & gas sectors as well as telecom services plus retailing business and financial service sector too. Reliance Industries holds great power in the Indian economy, and this is why Ambani has such a vast fortune.

2. Gautam Adani

Gautam Adani

Just after Mukesh Ambani, Gautam Adani comes next. He is the chairman and creator of Adani Group. Having a total worth of $84 billion entrepreneur’s business realm includes ports, airports, power generation and transmission along with renewable energy among others. Adani’s new ventures in infrastructure and energy have made a lot of money recently.

3. Shiv Nadar

Shiv Nadar

Shiv Nadar, being one of the top 10 richest People in India, creator and chairman of HCL Technologies. He is 78 years old with a total worth of $36.9 billion. HCL Technologies, one of India’s top IT services companies, has given him his wealth from the technology sector as it has global fame for its creative methods in providing IT solutions.

4. Savitri Jindal & Family

Savitri Jindal & Family

Savitri Jindal ranks in one of the top 10 richest People in India with a net of  $33.5 billion at the age of 74. Serving as the Chairperson for O.P. Jindal Group, she oversees a prominent organization that operates within both steel and power industries.

The main company under their group is known as JSW Steel which produces large quantities of steel in India – significantly contributing to the wealth accumulated by the Jindal family due to its high production volume. This highlights how diverse businesses can play a crucial role in enhancing one’s financial success and overall fortune, particularly within sectors like these two industries mentioned here – namely steel and power generation.

5. Dilip Shanghvi

Dilip Shanghvi

Dilip Shanghvi, who is 66 years old and the creator as well as managing director of Sun Pharmaceutical Industries Ltd., comes in at number five. He possesses a worth totaling $26.7  billion, having established one of India’s most prosperous pharmaceutical organizations. Sun Pharma has its own strength in the generic drugs industry which sparked rapid growth for Shanghai’s wealth especially with its business expanding internationally.

6. Cyrus Poonawalla

Cyrus Poonawalla

Cyrus Poonawala, as chairman and founder of India’s biggest vaccine manufacturer by volume (the Serum Institute), holds the seventh spot in terms of net worth with a valuation of around $21.3 billion at 82 years old. His wealth signifies his enterprise’s success while also emphasizing the crucial role played by the Serum Institute on an international level – especially amidst COVID-19 situations.

7. Kushal Pal Singh

Kushal Pal Singh

At age ninety-two, Kushal Pal Singh is among India’s wealthiest individuals with a reported net worth of $20.9 billion in June 2024. He amassed this fortune through DLF Corporation – an enterprise founded by his father-in-law in 1946 and transformed into the largest listed property firm in India, currently chaired by Singh’s son Rajiv.

One of Kushal Pal Singh’s most notable achievements is developing DLF City near Delhi. In 2017, a transaction occurred wherein Singapore’s sovereign wealth fund acquired a third stake from him for $1.9 billion. Despite relinquishing the position of Chairman in 2020 after over five decades of service to the organization, Singh retains his title as ‘Chairman Emeritus’, dividing his time between London and Dubai.

Ranked 103 globally among the richest individuals worldwide, Kushal Pal’s accomplishments exemplify India’s real estate sector growth story. His trajectory – from joining DLF in 1961 to becoming a prominent figure within the property sphere – underscores his impact on Indian urban development and further establishes him as one of this nation’s most successful businessmen, transcending time while inspiring future generations with tales of resilience.

8. Kumar Birla

Kumar Birla

57-year-old Kumar Mangalam Birla, the leader behind the vastly diverse Aditya Birla Group in India, is currently ranked as the nation’s sixth wealthiest individual with a staggering $19.7  billion net worth according to recent reports. He expertly navigates this conglomerate which encompasses numerous industries such as metals and cement production, fashion clothing businesses, along telecoms – making it quite an influential force within the Indian economy that has largely prospered under Birla’s astute leadership. 

This demonstrates how multifaceted corporations can lead to significant wealth accumulation through wise decision-making in various sectors spanning from basic resources like metals and construction materials, all the way up to modern fashion trends or telecommunications services offered across different regions globally nowadays – showcasing just some of these group’s expansive reach.

9. Radhakishan Damani

Radhakishan Damani

Here we have another billionaire Radhakishan Damani who created and owns DMart. This is a famous supermarket series in India. He has 17.6  billion dollars as his total wealth making him 68 years old, making him eighth position in the leaderboard of the top 10 richest People in India.

He constructed a retail kingdom that serves many Indian people with products that are both big in variety and low-costing at DMart, this shows how skilled he is when it comes to managing businesses successfully.

10. Lakshmi Mittal

Lakshmi Mittal

Lakshmi Mittal, who serves as both the Chairman and CEO of ArcelorMittal, is among India’s ten richest people with a net worth amounting to $16.4 billion according to April 2024 data. Starting from the steel business, he created his own company in Indonesia before making strategic alliances to form ArcelorMittal.

His skills in leading have brought him awards such as Steelmaker of the Year and European Businessman of the Year. In addition to his business role, he is also involved in many global advisory councils and boards.

This shows how much influence he has within international business circles. Mittal’s work for the betterment of society can be seen through his efforts in philanthropy, especially towards children’s health and education.

Conclusion

India is home to ten of the wealthiest people in the world, with their combined worth reaching nearly half a trillion dollars. These individuals have created vast fortunes across various industries such as commodities and technology. They are also major players in sectors like infrastructure and healthcare which form key parts of India’s economic landscape.

This group’s wealth continues to expand on both domestic and international fronts, highlighting its significant impact on shaping India’s growing influence globally as well as within its own borders. The blog gives a view of the high-end lives and business dealings of the top 10 richest People in India. It provides an understanding of their journey to reach the topmost financial triumphs.

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