Top 10 Richest People In India 2024

May 5, 2024 by Penny Gusner

2. Gautam Adani

• Age: 61 Years
• Source of Wealth: Adani Group

Gautam Shantilal Adani, an esteemed Indian billionaire industrialist, is famous for being the creator and leader of the Adani Group, a global conglomerate primarily engaged in port operations and development in India. Founded by Gautam Adani in 1996, the Adani Foundation has his wife, Priti Adani, in the role of chairperson. The group’s business activities span across sectors such as ports, airports, power generation and transmission, as well as renewable energy. Adani is acknowledged as the largest airport operator in India and also oversees the operations of Gujarat’s Mundra Port, the largest in the country.

In January 2023, Hindenburg Research, a U.S. company, alleged Adani and his enterprises of financial misconduct and manipulation of the stock market. Following the publication of the report, the shares of Adani Group companies have plummeted significantly, resulting in a loss of more than $120 billion in their market capitalization.

3. Shiv Nadar

• Age: 78 Years
• Source of Wealth: HCL Enterprise

Shiv Nadar owns the HCL group, which counts Cisco, Microsoft, and Boeing among its prestigious clients. For his significant achievements in the IT sector, Mr. Nadar received the Padma Bhushan award from the Indian government in 2008. He is also recognized as a respected philanthropist, having donated Rs 2,042 crore in late 2023.

4. Savitri Jindal & family

• Age: 74 Years
• Source of Wealth: O.P. Jindal Group

Savitri Jindal, the wealthiest woman in India, serves as an Indian politician and entrepreneur in the distinguished role of emeritus chair at the O.P. Jindal Group. Her four sons – Prithviraj, Sajjan, Ratan, and Naveen Jindal – oversee the different sectors of the company. Additionally, JSW Sports, the sports arm of the JSW Group, functions as a part of the conglomerate with a presence across India, the USA, South America, Europe, and Africa. The primary goal is to actively contribute to nurturing a dynamic sports environment in India.

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5. Dilip Shanghvi

• Age: 68 Years
• Source of Wealth: Sun Pharmaceuticals

Dilip Shanghvi is a well-known Indian entrepreneur who founded Sun Pharmaceutical Industries, the first Indian pharmaceutical company to reach a $5 billion valuation. He expanded Sun primarily through acquisitions, notably acquiring Ranbaxy Laboratories for $4 billion in 2014.

6. Cyrus Poonawalla

• Age: 82 Years
• Source of Wealth: Serum Institute of India

Cyrus Poonawalla, a key player in vaccine development in India, is the main benefactor of the growing sales and profits of the privately owned Serum Institute of India. His son Adar aids in managing the institute based in Pune, which holds the esteemed position of the world’s largest vaccine producer. The surge in Cyrus Poonawalla’s wealth is largely due to the extensive use of SII’s Covid-19 vaccines.

7. Kushal Pal Singh

• Age: 92
• Source of Wealth: DLF Limited

Kushal Pal Singh, a property tycoon, serves as chairman emeritus of DLF, the largest publicly traded real estate company in India by market capitalization. Singh, an ex-army personnel, became part of DLF, a firm established by his father-in-law, in 1961, holding the position of chairman for over fifty years.

8. Kumar Birla

• Age: 56 Years
• Source of Wealth: Hindalco Industries

Kumar Birla is a well-known figure in the commodities field and leads the Aditya Birla Group, which is active in aluminum, cement, and financial services. He previously served as the non-executive chairman of Vodafone Idea but resigned in 2021 due to financial challenges. In 2024, he was appointed as a non-executive director. Birla’s children, Ananya and Aryaman, have recently joined the boards of his key companies, expected to contribute new perspectives and enthusiasm to the business.

9. Radhakishan Shivkishan Damani,

• Age: 69 Years
• Source of Wealth: Avenue Supermarts Limited

Radha Kishan Shiv Kishan Damani, a notable Indian entrepreneur and investor, is famous for establishing Avenue Supermarts Limited, the operator of over 300 DMart outlets in India. Moreover, he manages his investment endeavors through Bright Star Investments Limited.

10. Lakshmi Mittal

•  Age: 73 Years
•  Source of Wealth: ArcelorMittal

Lakshmi Mittal serves as the present Chairman and CEO of ArcelorMittal, recognized as the leading global steel producer. ArcelorMittal, in partnership with Nippon Steel, successfully purchased Essar Steel for $5.9 billion in 2019, a company formerly possessed by Shashi and Ravi Ruia. In 2021, Mittal delegated the CEO position to his son, Aditya Mittal, while retaining his role as the executive chairman of ArcelorMittal. The recent invasion of Ukraine by Russia resulted in ArcelorMittal halting operations at its Kryvyi Rih plant in Ukraine.

Top 10 Richest People In India 2024

Name & India Rank	Global Rank	Net worth (US$)	Company
#1 Mukesh Ambani	9	$116 B	Reliance Industries
#2 Gautam Adani	17	$84 B	Adani Group
#3 Shiv Nadar	39	$36.9 B	HCL Technologies
#4 Savitri Jindal & family	46	$32.4 B	JSW Group
#5 Dilip Shanghvi	69	$26.9 B	Sun Pharmaceutical Industries Ltd
#6 Cyrus Poonawalla	90	$21.3 B	Serum Institute of India
#7 Kushal Pal Singh	92	$20.9 B	DLF Limited
#8 Kumar Birla	98	$19.7 B	Aditya Birla Group
#9 Radhakishan Damani	107	$17.6 B	DMart, Avenue Supermarts

#10 Lakshmi Mittal

113

$16.4 B

ArcelorMittal

Who is India’s first billionaire?

Nizam Ali from Hyderabad, acknowledged as the initial Indian billionaire, was honored by Time magazine in 1937 as “The Wealthiest Man on the Globe.” Sources indicate that significant riches are still held in an English bank, amounting to more than Rs 3 billion.

Who is the richest person in India in 2024?

Mukesh Ambani, with a net worth of $117.5 billion, holds the title of the richest person in India.

How many billionaires are there in India?

India has a significant amount of billionaires, with Mumbai having 56, Delhi with 37, and Bengaluru with 17, among others.