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Richest Man in India 2023 By January 2024

In a significant shift atop India’s wealth hierarchy, Gautam Adani, the Chairperson of the Adani Group, has overtaken Mukesh Ambani, the Chairman of Reliance Industries, to claim the title of India’s and Asia’s wealthiest individual. The dynamic change is reflected in the Bloomberg Billionaire’s Index (BBI), where Adani now stands as the 12th richest person globally. This article explores the top-10 richest men in India.

India’s Richest Man 2024

Gautam Adani’s rise to the top of India’s billionaires’ list is highlighted by his current position as the 12th richest person in the world, with a staggering net worth of $97.6 billion. Notably, he has surpassed Mukesh Ambani, who is now positioned at the 13th spot with a wealth of $97 billion. Both business magnates have witnessed an upward trajectory in the rankings since the previous year, showcasing the remarkable growth of their fortunes.

Gautam Adani faced a notable setback in January 2023 when Hindenburg Research accused the Adani Group of stock manipulation and accounting irregularities. The allegations led to a significant decline in the stock prices of Adani Group companies, resulting in a substantial decrease of almost 60 percent in Adani’s fortune, amounting to a staggering loss of up to $69 billion. However, Adani Group refuted these claims, and the subsequent rebound underscores Adani’s resilience and the robustness of his business empire.

Top-10 Richest Man in India By January 2024

As per the rankings of Bloomberg Billionaire’s Index (BBI), Gautam Adani, with the net worth of $97.6 billion, holds the title of the richest man in India, followed by Mukesh Ambani, Shapoor Mistry and Shiv Nadar.

Here is the list of top-10 richest men in India by January 2024:

Richest Men in India
Rank Name Net Worth Company
1. Gautam Adani $97.6 billion Adani Group
2. Mukesh Ambani $97.1 billion Reliance Industries Limited
3. Shapoor Mistry $35.3 billion Shapoorji Pallonji Group
4. Shiv Nadar $34 billion HCL Technologies
5. Azim Premji $26.3billion Wipro Limited
6. Savitri Jindal $24.7 billion Jindal Group
7. Dilip Shanghvi $20.8 billion Sun Pharmaceutical Industries
8. Lakshmi Mittal $20.5 billion ArcelorMittal
9. Radhakrishnan Damani $19.5 billion Avenue Supermarts Limited
10. Kumar Mangalam Birla $18.6 billion Aditya Birla Group

Richest Man in India – Gautam Adani

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Net Worth: $97.6 billion

Age: 61 years

Source of Wealth: Infrastructure, commodities, self-made

Gautam Shantilal Adani, a prominent Indian billionaire industrialist, is widely acknowledged as the visionary founder and chairman of the Adani Group, a multinational conglomerate primarily focused on port operations and development in India. Established in 1996 by Gautam Adani, the Adani Foundation, led by his wife, Priti Adani, serves as a significant philanthropic arm of the conglomerate. The Adani Group’s diverse business ventures span across key sectors, including ports, airports, power generation and transmission, and green energy. Renowned as India’s leading airport operator, Adani also commands control over Gujarat’s Mundra Port, the largest port in the country. His strategic leadership and business acumen have positioned him at the forefront of India’s wealthiest individuals.

Second Wealthiest Person of India – Mukesh Ambani

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Net Worth: $97.1 billion

Age: 66 years

Source of wealth: Reliance Industries Ltd

Securing the position of India’s second-richest individual is Mr. Mukesh Ambani, who serves as the Managing Director and Chairman of Reliance Industries. According to Forbes, Reliance Industries boasts a substantial revenue exceeding $97 billion. The conglomerate engages in a wide array of sectors, including petrochemicals, oil and gas, retail, and telecommunications. Notably, Ambani’s three children, Akash, Anant, and Isha, actively contribute to the management of various divisions within the conglomerate, further solidifying its multifaceted success.

Third Richest Man in India – Shapoor Mistry

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Net Worth: $35.3 billion

Age: 60 years

Source of Wealth: Shapoorji Pallonji Group

Ranked as the third wealthiest individual in India is Shapoor Mistry, with a staggering net worth of $35.3 billion or approximately ₹2.93 lakh crore. Known for founding the esteemed Shapoorji Pallonji Group, Mistry is celebrated for his philanthropic initiatives and diverse business ventures. An Indian businessman, Shapoorji Mistry is recognized as the progenitor of the Shapoorji Pallonji Group, a prominent industrial conglomerate and a significant player in the construction industry.

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FAQs

Who is the Richest Man in India in 2024?

As per the rankings of Bloomberg Billionaire's Index, Gautam Adani, with the net worth of $97.6 billion, holds the title of the richest man in India.

What is the current Global rank of India's Richest Man in the world?

India's Richest Man, Gautam Adani stands on the 12th position in the list of richest person in the world with the net worth of $97.6 billion.

Who is the second richest man in India 2024?

Securing the position of India's second-richest individual is Mr. Mukesh Ambani, who serves as the Managing Director and Chairman of Reliance Industries.

Name the top-5 richest men in India.

The top-5 richest men in India are: Gautam Adani, Mukesh Ambani, Shapoor Mistry, Shiv Nadar and Azim Premji.