Mumbai: As India strengthens its economic position globally, the fortunes of its billionaires continue to grow, reflecting the country’s rapid development. According to Forbes’ January 2025 rankings, India now boasts 217 billionaires, with 84 newcomers joining this elite club in the past year alone. This surge has propelled India to third place globally in terms of billionaire count.
Mukesh Ambani Remains India’s Richest
Reliance Industries Chairman Mukesh Ambani continues to hold the title of India’s wealthiest individual, with a net worth of $95.4 billion. Ambani’s conglomerate remains the most profitable company in India, ranking 18th globally in wealth. His continued success underscores the dominance of Reliance in various sectors, including petrochemicals, telecommunications, and retail.
Gautam Adani Takes Second Spot
Following Ambani is Gautam Adani, Chairman of the Adani Group, whose fortune has grown to $62.3 billion, placing him second on the national list and 25th globally. Adani’s wealth has been driven by the expansion of his conglomerate in energy, infrastructure, and logistics.
Savitri Jindal: Wealthiest Woman in India
Savitri Jindal, Chairperson of the OP Jindal Group, is recognized as the wealthiest woman in India, with a fortune of $38.5 billion. This places her fourth on the national list, reinforcing her significant influence in the steel, power, and infrastructure sectors.
New Entrants and Rising Stars
A new name among India’s top 10 is Radhakishan Damani, founder of the popular retail chain D-Mart, who has amassed a net worth of $15.8 billion, placing him among the country’s wealthiest. His retail empire continues to thrive, contributing to his steady rise.
India’s Top 10 Richest Individuals (January 2025)
- Mukesh Ambani (Reliance Industries): $95.4 billion
- Gautam Adani (Adani Group): $62.3 billion
- Shiv Nadar (HCL Enterprise): $42.1 billion
- Savitri Jindal & Family (OP Jindal Group): $38.5 billion
- Dilip Shanghvi (Sun Pharma): $29.8 billion
- Cyrus Poonawalla (Serum Institute): $22.2 billion
- Kumar Mangalam Birla (Aditya Birla Group): $21.4 billion
- K.P. Singh (DLF): $18.1 billion
- Ravi Jaipuria (Varun Beverages): $17.9 billion
- Radhakishan Damani (D-Mart): $15.8 billion
Economic Growth and Global Recognition
India’s major economic hubs, Mumbai and Delhi, are also gaining international prominence. Mumbai ranks 24th globally and is now recognized as Asia’s “Millionaire Capital.” With the growing number of billionaires and rising wealth, India is on track to become the world’s third-largest economy by 2030.
Conclusion
India’s billionaire count reflects the country’s growing economic influence, with its top business leaders continuing to expand their fortunes. With a surge in new billionaires and the expansion of existing wealth, India is positioning itself as a global economic powerhouse.