Henley & Partners’ latest report: India’s global economic presence continues to strengthen, with the nation’s entrepreneurs playing a key role in its rise. As the third-largest economy by 2030, India’s growing number of billionaires is a testament to this progress. In January 2024, the country reached a historic milestone, boasting 271 billionaires, including 84 newcomers, making it third in the world for the highest number of billionaires.
According to Henley & Partners’ latest report, Mumbai and Delhi secured positions among the top 50 richest cities in the world in 2024, ranking 24th and 37th, respectively. Mumbai has also emerged as the “billionaire capital of Asia,” surpassing Beijing, and is now the third-richest city globally, as reported by Hurun.
In 2024, the collective wealth of India’s top 100 billionaires soared by over $300 billion, totaling $1.1 trillion, largely due to a booming stock market. As we enter 2025, Forbes has unveiled the rankings of the richest Indians, highlighting the immense wealth of these individuals and their substantial contributions to various sectors.
Mukesh Ambani, Chairman of Reliance Industries, remains the richest Indian, ranked 18th globally. Reliance Industries, which spans multiple industries including petrochemicals, oil and gas, retail, and telecom, was the largest and most profitable company in India in 2024, in terms of revenue.
In a notable mention, Savitri Jindal and her family, is the only Indian woman billionaire, who has been ranked as the wealthiest woman in India with a net worth of $38.5 billion. Their wealth primarily comes from the O.P. Jindal Group, a leading player in the steel and power sectors.
Radhakishan Damani, the founder of DMart, has also seen a significant rise in his fortune, with a net worth of $31.5 billion. DMart’s impressive 44 per cent growth and valuation of Rs 3.4 lakh crore have solidified Damani’s position as one of India’s richest self-made entrepreneurs in 2024.
Here is the list of the top 10 richest people in India for January, 2025:
- Mukesh Ambani ranks as the richest person in India, with a net worth of $95.4 billion, and is globally ranked 18th. His wealth comes from Reliance Industries.
- Gautam Adani holds the second position in India, with a net worth of $62.3 billion, placing him 25th worldwide. His wealth is derived from the Adani Group.
- Shiv Nadar is ranked third in India, with a net worth of $42.1 billion, and is 37th in the world. He is the founder of HCL Enterprise.
- Savitri Jindal & family are in the fourth position in India, with a net worth of $38.5 billion, ranking 41st globally. The family’s wealth comes primarily from O.P. Jindal Group.
- Dilip Shanghvi stands at number five in India, with a net worth of $29.8 billion, ranking 59th worldwide. He is the founder of Sun Pharmaceutical Industries.
- Cyrus Poonawalla ranks sixth in India with a net worth of $22.2 billion, globally placing 89th. He is the founder of Serum Institute of India.
- Kumar Birla occupies the seventh spot in India, with a net worth of $21.4 billion, ranked 92nd globally. He is the chairman of the Aditya Birla Group.
- Kushal Pal Singh is ranked eighth in India, with a net worth of $18.1 billion, and globally ranked 106th. He is the chairman of DLF Limited.
- Ravi Jaipuria holds the ninth position in India with a net worth of $17.9 billion, globally ranked 108th. He is the founder of Varun Beverages.
- Radhakishan Damani rounds off the top ten in India, with a net worth of $15.8 billion, ranked 129th globally. He is the founder of DMart.
