India’s richest people have never been wealthier, with their total net worth over a trillion dollars for the first time in 2024. The top 100 billionaires now have $1.1 trillion, more than double their wealth five years ago. This huge increase is thanks to growing investor confidence in India’s economy, shown by the BSE Sensex’s 30% rise in a year.
- India's Trillion-Dollar Wealth Club
- Mukesh Ambani: Reliance Industries' Trailblazer
- Gautam Adani: Port Operations Powerhouse
- Top 10 Richest People in India in 2024
- Savitri Jindal: India's Richest Woman
- Shiv Nadar: HCL's Tech Visionary
- Dilip Shanghvi: Pharmaceutical Trailblazer
- Radhakishan Damani: India's Retail King
- Cyrus Poonawalla: Vaccine Empire
- Bajaj Family: Diversified Business Dynasty
- Conclusion
- FAQ
- FAQ
- Source Links
This Forbes list gives a detailed look at India’s financial leaders. It shows who are the country’s most successful business leaders and entrepreneurs. The list includes leaders from various fields like metals & mining, technology, healthcare, fashion & retail, and telecommunications.
Key Takeaways
- India’s top 100 wealthiest tycoons achieved a combined net worth that surpassed the trillion-dollar mark for the first time in 2024.
- The collective wealth of India’s richest individuals stood at $1.1 trillion in 2024, more than double what it was in 2019.
- Over the past year alone, India’s top tycoons added $316 billion to their combined net worth, marking a remarkable 40% growth.
- 80% of the tycoons in India’s wealthiest list saw an increase in their wealth in 2024, with 58 of them boosting their net worth by over $1 billion each.
- The list of the top 10 richest people in India in 2024 included individuals from diversified industries such as metals & mining, technology, healthcare, fashion & retail, and telecom.
India's Trillion-Dollar Wealth Club
India’s growth story has caught the eye of investors around the world. This has led to a big jump in the country’s stock market. The BSE Sensex has gone up by 30% since last year. This has helped India’s richest people’s wealth hit over a trillion dollars for the first time.
The number of billionaires in India has grown from 142 in 2022 to 185 in 2024. Their combined wealth is now $1.19 trillion. This shows India’s economic growth is real and strong.
The wealth of India’s richest people comes from many sectors. But the biggest part comes from diversified sectors. Other areas like pharmaceuticals, FMCG, and information technology have also grown a lot. This shows how wide and deep India’s business world is.
A Surge in Wealth and Optimism
Investors are very optimistic about India’s future. This feeling grew even more after Prime Minister Narendra Modi won his third term. The wealth of India’s billionaires has gone up a lot. It went from ₹46,729 crore in 2022 to ₹53,978 crore in 2024.
This growth is thanks to big Indian companies like Reliance Industries and the Adani Group. Their leaders, Mukesh Ambani and Gautam Adani, are now at the top of India’s wealth list.
“The sustained investor optimism and India’s robust growth trajectory have transformed the country’s wealth landscape, making it a true economic powerhouse on the global stage.”
Mukesh Ambani: Reliance Industries' Trailblazer
Mukesh Ambani leads Reliance Industries, a company with a wide range of businesses. These include petrochemicals, oil and gas, retail, and telecom. His net worth is an impressive $119.5 billion, making him India’s richest person.
His wealth has grown by $27.5 billion, showing his impact on India’s business world. This growth has made him a true leader in the country’s business scene.
Reliance Industries was started by Ambani’s father, Dhirubhai Ambani. Today, it makes over Rs 8 lakh crore ($104 billion) in revenue. This shows the huge size and reach of the company under Ambani’s leadership.
Ambani has made Reliance a strong company in many areas. These include:
- Petrochemicals
- Oil and gas
- Retail
- Telecom
This wide range of businesses has helped Reliance grow. It has also made Ambani one of the richest people in the world.
“Ambani’s strategic leadership has transformed Reliance into a diversified powerhouse, with a portfolio that spans across key industries.”
As Reliance keeps growing, Mukesh Ambani’s leadership is key. His vision and drive have helped the company succeed. This success has also boosted his net worth.
Gautam Adani: Port Operations Powerhouse
Gautam Shantilal Adani’s net worth of $116 billion shows the success of the Adani Group. He has led the group to be a big name in India’s port and development sectors. This has made the group a strong force in the country’s infrastructure.
The Adani Group has grown by exploring different areas like ports, airports, power, and renewable energy. This move has helped the group grow and grab new chances. It has also made the group stronger in the market.
Adani knows how to make smart investments and deal with complex rules. His work in ports has been especially successful. The Mundra port, for example, is now India’s biggest private port and a key trade gateway.
The group has also grown in areas like airports and renewable energy. This has made it a big player in many industries. It has helped the group grow and has set it up for a future that is more sustainable and advanced.
Gautam Adani’s leadership has been key to the group’s success. The group is now a major force in ports and infrastructure. As it looks to grow more, Adani’s skill in spotting and using new trends will be very important.
“Gautam Adani’s vision and leadership have been instrumental in the Adani Group’s rise as a dominant player in India’s port operations and infrastructure development sectors.”
Top 10 Richest People in India in 2024
The Indian economy is booming, creating a new class of super-rich. The latest Forbes list shows the top 10 richest people in India. They have a combined net worth of over $1.1 trillion. These leaders come from various fields like petrochemicals, retail, technology, and pharmaceuticals. They highlight India’s strong presence on the global economic scene.
India's Wealthiest Individuals
Mukesh Ambani, the head of Reliance Industries, tops the list with a net worth of $115.0 billion. Gautam Adani, known for his work in ports and renewable energy, comes second with $81.1 billion.
Savitri Jindal, the richest woman in India, has a net worth of $41.9 billion. She is part of the O.P. Jindal Group. Shiv Nadar, the founder of HCL, follows with $40.3 billion. His success shows the growth of India’s tech sector.
| Rank | Name | Net Worth (in $ billion) | Source of Wealth |
|---|---|---|---|
| 1 | Mukesh Ambani | $115.0 | Reliance Industries |
| 2 | Gautam Adani | $81.1 | Adani Group |
| 3 | Savitri Jindal | $41.9 | O.P. Jindal Group |
| 4 | Shiv Nadar | $40.3 | HCL Group |
| 5 | Dilip Shanghvi | $30.5 | Sun Pharmaceuticals |
| 6 | Radhakishan Damani | $22.7 | Avenue Supermarts (DMart) |
| 7 | Sunil Mittal | $24.1 | Bharti Airtel |
| 8 | Kumar Birla | $23.9 | Aditya Birla Group |
| 9 | Cyrus Poonawalla | $23.1 | Serum Institute of India |
| 10 | Bajaj Family | $19.5 | Bajaj Group |
As India’s economy grows, these leaders will play a key role in its future. Their success shows the endless opportunities in the world’s fastest-growing major economy.
Savitri Jindal: India's Richest Woman
Savitri Jindal is a true trailblazer in Indian business and entrepreneurship. She is the emeritus chair of the O.P. Jindal Group. Savitri Jindal is India’s wealthiest woman, with a net worth of $43.7 billion.
The Jindal legacy is one of remarkable success and diversification. Savitri Jindal’s four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, have each taken on pivotal roles within the group. They steer various business sectors, including JSW Sports, which fosters a thriving sports ecosystem in India.
Savitri Jindal’s rise to the top is a testament to her visionary leadership. The O.P. Jindal Group has solidified its presence across diverse industries. This has contributed to Savitri Jindal’s status as India’s richest woman.
| Rank | Name | Net Worth ($ Billion) |
|---|---|---|
| 1. | Savitri Jindal | $43.7 |
| 2. | Rekha Jhunjhunwala | $7.8 |
| 3. | Vinod Gupta | $5.7 |
| 4. | Renuka Jagtiani | $4.8 |
| 5. | Anu Aga | $4.6 |
| 6. | Smita Crishna-Godrej | $3.9 |
| 7. | Radha Vembu | $3.3 |
| 8. | Leena Tewari | $3.2 |
| 9. | Falguni Nayar | $2.9 |
| 10. | Kiran Mazumdar-Shaw | $2.8 |
According to the latest Forbes data, Savitri Jindal is at the top among India’s wealthiest women. She has a net worth of $43.7 billion. This solidifies her position as a pioneering figure in the country’s business landscape.
Shiv Nadar: HCL's Tech Visionary
Shiv Nadar is a true pioneer in India’s booming IT industry. His $34.7 billion fortune shows the huge success of the tech empire he built over 40 years.
Nadar started HCL in 1976 with just $200. Now, HCL is a global tech leader, serving big names like Cisco and Microsoft. The company’s $10 billion revenue in 2021 highlights Nadar’s leadership and vision.
The Indian government gave Nadar the Padma Bhushan award in 2008. This is the nation’s third-highest civilian honor. It shows his big impact on India’s tech revolution.
“Shiv Nadar’s journey from a modest investment to building a $34.7 billion tech empire is a true testament to his innovative spirit and unrelenting pursuit of excellence.”
As the IT industry keeps growing India’s economy, Shiv Nadar’s legacy shines. He inspires a new wave of tech entrepreneurs to dream big.
Dilip Shanghvi: Pharmaceutical Trailblazer
Dilip Shanghvi, 67, has built a net worth of $32.4 billion. He led Sun Pharmaceutical Industries to great success. Sun Pharma became the first Indian company to hit $5 billion in value under his leadership.
Shanghvi made a bold move by buying Ranbaxy Laboratories for $4 billion in 2014. This deal helped Sun Pharma grow its global presence. Now, the company operates in over 100 countries.
Shanghvi’s focus on innovation has taken Sun Pharma to new levels. A recent study on GL0034 (Utreglutide) showed promising results. It helped obese participants lose weight and improve their health.
Shanghvi is known for his commitment to quality in the pharmaceutical world. He believes in using technology to overcome supply chain issues. This approach is key to meeting investor expectations on ESG factors.
Under Shanghvi, Sun Pharmaceutical Industries and the pharmaceutical industry in India are set for success. His net worth and vision make him a true trailblazer in the field.
Radhakishan Damani: India's Retail King
Radhakishan Damani is a visionary entrepreneur who changed India’s retail scene. He founded Avenue Supermarts Limited, the company behind DMart stores. Damani’s keen business sense and drive for growth have built a retail empire with 336 stores nationwide.
Through Bright Star Investments Limited, Damani has wisely invested in companies like VST Industries and India Cements. He also owns the luxurious Radisson Blu Resort in Alibaug. This shows his diverse business interests.
Damani's Rise to Retail Dominance
In 2002, Damani started with a single store in Mumbai’s suburbs. His vision and innovative ideas have made DMart a well-known name in India. Today, his net worth is $31.5 billion, making him one of India’s richest people.
Damani’s success is not just about money. He has positively impacted millions of Indians by offering quality products at good prices. DMart is a go-to place for many shoppers. Damani’s dedication to customer value has helped him reach the top of India’s retail world.
“Radhakishan Damani’s vision and strategic acumen have transformed the way India shops. His ability to anticipate consumer trends and deliver exceptional value has propelled DMart to the forefront of the retail landscape.”
As India’s retail king, Damani’s impact goes beyond his own success. His entrepreneurial spirit and fresh ideas have inspired many. He has set the stage for more growth and change in India’s retail industry.
Cyrus Poonawalla: Vaccine Empire
Cyrus Poonawalla was born into a family of horse breeders. He changed the vaccine world by starting the Serum Institute of India in 1966. Today, it’s the biggest vaccine manufacturer in the world, making over 1.5 billion doses every year in Pune, India.
Poonawalla’s $24.5 billion net worth shows his big impact on the pharmaceutical world. His son, Adar Poonawalla, is now the CEO. He led an $800 million effort to build a new place for making COVID-19 vaccine.
The Serum Institute’s Covishield vaccine, made with AstraZeneca and Oxford University, helped India fight the pandemic. This made the company famous worldwide.
“Cyrus Poonawalla’s vision and entrepreneurial spirit have transformed the Serum Institute of India into a world-leading vaccine manufacturer, making vital contributions to global health and disease prevention.”
The Serum Institute is now a key player in vaccines globally. This has made Cyrus Poonawalla’s name known as a leader in vaccine manufacturing.
Bajaj Family: Diversified Business Dynasty
The Bajaj family has built a huge business empire. It includes over 40 companies under the Bajaj Group. Founded in 1926 by Jamnalal Bajaj in Mumbai, it now covers two-wheelers, finance, and electrical appliances.
Rahul Bajaj, the former chairman emeritus, passed away in February 2022. His legacy is remarkable. His elder son, Rajiv Bajaj, now leads the group’s automobile companies. His younger son, Sanjiv Bajaj, oversees the financial services division.
Bajaj Auto is the world’s fourth-largest maker of two- and three-wheelers. With a net worth of $23.4 billion, the Bajaj family is among the top 10 richest in India. They are a true diversified business dynasty.
| Rank | Name | Net Worth ($ Billion) | Industry |
|---|---|---|---|
| 1 | Gautam Adani | $116.0 | Diversified |
| 2 | Mukesh Ambani | $119.5 | Diversified |
| 3 | Savitri Jindal | $43.7 | Metals & Mining |
| 10 | Bajaj Family | $23.4 | Diversified |
The Bajaj family’s success story shows their skill in the business world. They have kept their place as a top family-owned conglomerate in India.
Conclusion
The 2024 Forbes list shows India’s business world is booming. The top 10 richest people have a net worth over a trillion dollars. They are the key players in India’s growth.
India’s economy has seen a 40% increase in wealth over the last year. The top 100 richest Indians added $316 billion to their fortunes. This shows the huge opportunities in India.
Mukesh Ambani leads in energy and retail, while Gautam Adani is rising fast in infrastructure. Their stories inspire us with their diversity and drive.
As India moves forward with new tech, industries, and markets, its richest will have even more influence. The Forbes list celebrates India’s entrepreneurial spirit and leadership. It shows how India has become a global economic force.
FAQ
What is the collective wealth of India’s richest individuals in 2024?
India’s richest now have a total wealth of
FAQ
What is the collective wealth of India’s richest individuals in 2024?
India’s richest now have a total wealth of $1.1 trillion. This is more than double what it was in 2019.
How much did they add to their wealth over the past year?
In just one year, India’s richest added $316 billion to their wealth. This is an incredible 40% growth.
Who is India’s wealthiest individual in 2024?
Mukesh Ambani is still India’s richest, with a net worth of $119.5 billion. He leads Reliance Industries.
Who is the second-wealthiest individual in India?
Gautam Adani, the head of the Adani Group, is second-richest. His net worth is $116 billion.
Who is the wealthiest woman in India?
Savitri Jindal is India’s wealthiest woman. She has a net worth of $43.7 billion, thanks to the O.P. Jindal Group.
What is the net worth of Shiv Nadar, the founder of HCL Group?
Shiv Nadar’s wealth is $40.2 billion. It comes from his ownership of HCL, a top IT company.
How did Dilip Shanghvi build his $32.4 billion fortune?
Dilip Shanghvi built his wealth through Sun Pharmaceutical Industries. He has led it as managing director.
What is the contribution of the Bajaj family to India’s wealth?
The Bajaj family runs 40 companies under the Bajaj Group. Their main company, Bajaj Auto, is a top two- and three-wheeler maker.
What role did Cyrus Poonawalla play in India’s pandemic response?
Cyrus Poonawalla’s Serum Institute of India was key in fighting the pandemic. It made the Covishield vaccine with AstraZeneca and Oxford University.
How much did they add to their wealth over the past year?
In just one year, India’s richest added 6 billion to their wealth. This is an incredible 40% growth.
Who is India’s wealthiest individual in 2024?
Mukesh Ambani is still India’s richest, with a net worth of 9.5 billion. He leads Reliance Industries.
Who is the second-wealthiest individual in India?
Gautam Adani, the head of the Adani Group, is second-richest. His net worth is 6 billion.
Who is the wealthiest woman in India?
Savitri Jindal is India’s wealthiest woman. She has a net worth of .7 billion, thanks to the O.P. Jindal Group.
What is the net worth of Shiv Nadar, the founder of HCL Group?
Shiv Nadar’s wealth is .2 billion. It comes from his ownership of HCL, a top IT company.
How did Dilip Shanghvi build his .4 billion fortune?
Dilip Shanghvi built his wealth through Sun Pharmaceutical Industries. He has led it as managing director.
What is the contribution of the Bajaj family to India’s wealth?
The Bajaj family runs 40 companies under the Bajaj Group. Their main company, Bajaj Auto, is a top two- and three-wheeler maker.
What role did Cyrus Poonawalla play in India’s pandemic response?
Cyrus Poonawalla’s Serum Institute of India was key in fighting the pandemic. It made the Covishield vaccine with AstraZeneca and Oxford University.
Source Links
- The Top 10 Richest People In India In 2024 – Forbes India
- List of Top 10 Richest People in India 2024
- $1 Trillion And Counting…
- India’s Richest 2024 – A Fortune India – Waterfield Advisors Ranking
- Forbes India Rich List 2023: The 10 Richest People In India | Forbes India
- India’s Richest Person – The 2024 Rich List
- Richest Man in India in October 2024, Ambani or Adani
- Hurun India Rich List 2024: Gautam Adani tops India’s rich list
- Top 10 Richest People in India In 2024
- Indian Billionaires: Hurun Rich List 2024
- The Top 10 Richest Women In India In 2024 – Forbes India
- Top richest women in India 2024; check out the list | India News – Times of India
- India’s 100 Richest 2024: Fortunes Of Indian Tycoons Jump 40% Blowing Past $1 Trillion
- India’s richest tech billionaires in 2024, as per Forbes | Business Insider India
- Top 10 Indian Entrepreneurs
- India’s Top 10 High Net Worth Individuals 2024
- To Improve Quality Standards, We Need To Build A Robust Culture: Sun Pharma’s Dilip Shanghvi – Forbes India
- The top 10 richest people in India in 2024 – Brandileath
- Radhakishan Damani
- Meet man with Rs 196569 crore net worth, who earned over Rs 40000000 in one go, he’s called India’s…
- Mukesh Ambani surpasses Gautam Adani to become the richest tycoons of India; check out the list | India News – Times of India
- Top 10 richest people in India in 2024 | Business Insider India
- 10 richest Indians 2024: Check Mukesh Ambani, Gautam Adani, Shiv Nadar, Azim Premji’s rank
- List of wealthiest families
- Fortunes soar: India’s richest cross $1 trillion mark amid market rally
- Combined Wealth Of India’s 100 Richest On Forbes List Surpasses US$1 Trillion For The First Time
