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India has one of the fastest-growing economies in the world, and with that growth comes a group of individuals who have amassed impressive fortunes. In this article, we’ll take a look at the top 10 richest people in India for the year 2023, along with their net worth and a brief overview of their businesses.
Top 10 Richest People in India
1. Mukesh Ambani’s Net worth
$94.4 billion Mukesh Ambani is the Chairman and largest shareholder of Reliance Industries, one of India’s largest conglomerates. The company operates in a range of sectors, including petrochemicals, refining, oil and gas exploration, and retail. Ambani has a net worth of $94.4 billion, making him not only the richest person in India but also one of the wealthiest people in the world.
2. Gautam Adani Net Worth
$74.8 billion Gautam Adani is the Chairman and founder of the Adani Group, a conglomerate that operates in sectors such as ports, logistics, power generation, and agriculture. Adani’s net worth of $74.8 billion makes him the second-richest person in India.
3. Shiv Nadar Net worth
$32.3 billion Shiv Nadar is the founder of HCL Technologies, an Indian multinational IT services company. Nadar has a net worth of $32.3 billion and is also known for his philanthropic efforts, particularly in the field of education.
4. Radhakishan Damani Net worth
$31.2 billion Radhakishan Damani is the founder of DMart, one of India’s largest retail chains. The company operates a chain of hypermarkets and supermarkets in various parts of the country. Damani has a net worth of $31.2 billion and is known for his low-profile and private nature.
5. Cyrus Poonawalla Net worth
$22.8 billion Cyrus Poonawalla is the Chairman of the Poonawalla Group, a conglomerate that operates in sectors such as biotech, real estate, and finance. Poonawalla is also the founder of the Serum Institute of India, one of the world’s largest vaccine manufacturers. His net worth is $22.8 billion.
6. Lakshmi Mittal’s Net Worth
$21.9 billion Lakshmi Mittal is the Chairman and CEO of ArcelorMittal, a multinational steel manufacturing company. Mittal’s net worth is $21.9 billion, and he is one of the wealthiest people in the world.
7. Pallonji Mistry Net worth
$21.7 billion Pallonji Mistry is the Chairman of the Shapoorji Pallonji Group, a conglomerate that operates in sectors such as construction, engineering, and real estate. Mistry’s net worth is $21.7 billion.
8. Uday Kotak Net worth
$19.7 billion Uday Kotak is the Managing Director and CEO of Kotak Mahindra Bank, one of India’s leading private sector banks. Kotak has a net worth of $19.7 billion and is also known for his philanthropic efforts.
9. Savitri Jindal’s Net Worth
$18.4 billion Savitri Jindal is the Chairperson of the Jindal Group, a conglomerate that operates in sectors such as steel, power, and cement. Jindal’s net worth is $18.
10. Savitri Jindal
Savitri Jindal is the chairperson of the OP Jindal Group and one of the richest women in India. According to Forbes, she has a net worth of $7.7 billion as of 2022, making her the 14th richest person in India. She inherited the business after her husband’s death and has been leading the conglomerate since then.
Youngest Richest Person in India
Ritesh Agarwal
Ritesh Agarwal is the founder and CEO of OYO Rooms, which is one of the largest hotel chains in India. As of 2022, his net worth is estimated to be around $2.2 billion, making him the youngest billionaire in India. He started OYO Rooms when he was just 19 years old and has since then grown it into a billion-dollar company. Despite facing many challenges and setbacks along the way, Ritesh Agarwal persevered and turned OYO Rooms into a highly successful business. His success story serves as an inspiration to young entrepreneurs in India and around the world.
Frequently Asked Questions (FAQs)
Who is the richest person in India in 2023?
As of 2023, the richest person in India is Mukesh Ambani, with a net worth of over $100 billion.
Who else is on the Top 10 Richest People in India 2023 list?
The Top 10 Richest People in India 2023 list includes Mukesh Ambani, Gautam Adani, Shiv Nadar, Radhakishan Damani, Pallonji Mistry, Cyrus Poonawalla, Lakshmi Mittal, Uday Kotak, Savitri Jindal, and Cyrus Pallonji Mistry.
What businesses do these top Indian billionaires own?
Mukesh Ambani is the chairman of Reliance Industries, a conglomerate that operates in the petrochemicals, refining, oil, and gas exploration, and telecommunications sectors. Gautam Adani is the chairman of the Adani Group, a conglomerate that operates in the infrastructure, logistics, agribusiness, and energy sectors. Shiv Nadar is the founder of HCL Technologies, a multinational information technology services company. Radhakishan Damani is the founder of DMart, a chain of hypermarkets and supermarkets. Pallonji Mistry is the chairman of Shapoorji Pallonji Group, a conglomerate that operates in the construction, engineering, and real estate sectors.
Who is the youngest billionaire on the Top 10 Richest People in India 2023 list?
The youngest billionaire on the Top 10 Richest People in India 2023 list is Byju Raveendran, with a net worth of over $4 billion. He is the founder and CEO of Byju’s, an ed-tech company that provides online learning programs.
How do these billionaires give back to society?
Many of these billionaires have set up charitable foundations and donated significant sums of money to various causes, such as education, healthcare, and disaster relief. Mukesh Ambani, for instance, has donated millions of dollars towards COVID-19 relief efforts in India. Shiv Nadar has established the Shiv Nadar Foundation, which supports educational initiatives in India. Radhakishan Damani has contributed to various social causes through the DMart Trust.
Conclusion
India has a significant number of billionaires who have made their fortunes through various industries. The top 10 richest people in India in 2022 include Mukesh Ambani, Gautam Adani, Shiv Nadar, Radhakishan Damani, and many others. It is interesting to note that many of these billionaires have made their fortunes through businesses that they started from scratch. With India’s growing economy and entrepreneurial spirit, it is likely that we will see more Indian billionaires in the years to come.
