With an astounding 169 Indians earning coveted slots on Forbes' 2023 World's Billionaires list, India has a strong worldwide presence among billionaires. Compared to the previous year, when 166 Indian people were eliminated, this indicates an increase. According to net worth, the richest ten people in India are the subject of our attention today.
In India, Mukesh Ambani is the most successful billionaire.
The top ten richest Indians in 2023 are listed below:
This unique list provides a thorough overview of India's wealthy elite in 2023 and gets its data from Forbes' Real-Time Billionaires rankings.
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Uday Kotak, 64, has a notable position as managing director and is the creator of the Kotak Mahindra Group. In 2020, he calculatedly decided to sell off a larger portion of the bank, increasing regulatory flexibility and compliance. Jay Kotak is receiving intense training from Uday Kotak to assume a leadership role in the organization.
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The chairman and CEO of ArcelorMittal, the largest steel manufacturer in the world, is Lakshmi Mittal, 73. He proved his strategic expertise in 2019 when he worked with Nippon Steel to buy Essar Steel for $5.9 billion. In 2021, Mittal passed up his position as executive chairman to his son Aditya Mittal, who became CEO. Recent geopolitical events, most notably Russia's invasion of Ukraine, have hindered production at ArcelorMittal's Kryvyi Rih plant in Ukraine.
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The 56-year-old Kumar Birla is a well-known personality in the commodities world. He is the head of the Aditya Birla Group, which includes financial services, cement, and aluminium companies. As the non-executive chairman of Vodafone Idea Telecommunications, Birla was also quite influential; nevertheless, he gave up this position in 2021 because of growing debt.
He was appointed as a non-executive director in 2023. Notably, Birla's children, Aryaman and Ananya, have lately joined the boards of key businesses, offering new energy and ideas to the enterprise.
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Founder of Avenue Supermarts Limited, a network of over 200 DMart stores in India, is 68-year-old entrepreneur and shrewd investor Radhakishan Shivkishan Damani. Through Bright Star Investments Limited, he also maintains control over his investing endeavours.
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Dilip Shanghvi, a 67-year-old inventor at Sun Pharmaceutical Industries, has accumulated a wealth of $18.7 billion. Sun Pharmaceutical became the first Indian pharmaceutical business to be valued at $5 billion under his direction. 2014 saw the revolutionary $4 billion purchase of Ranbaxy Laboratories as part of Shanghai's expansion plan.
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A pioneer in the field of vaccine research in India, Cyrus Poonawalla benefits from soaring sales and profits as the owner of the privately held Serum Institute of India. Adar, his son, helps him with its management. Thanks to the extensive use of COVID-19 vaccines that the Serum Institute created, it is widely recognized as the largest vaccine maker in the world.
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The emeritus chair of the O.P. Jindal Group is held by the renowned Indian politician and businesswoman Savitri Jindal. Prithviraj, Sajjan, Ratan, and Naveen Jindal, her four sons, manage the many business sectors, including JSW Sports, and help to shape India's thriving sports scene. Savitri Jindal asserts her status as the richest lady in India.
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The majority of Shiv Nadar's remarkable $29.4 billion in wealth may be attributed to his ownership of the HCL corporation. HCL has been commended for its contributions to the IT industry and serves esteemed customers such as Microsoft, Boeing, and Cisco.
In 2008, Mr Nadar received the third-highest civilian honour in India, the Padma Bhushan, from the Indian government for his outstanding achievements. Mr. Nadar is considered a renowned philanthropist in addition to his financial acumen, as demonstrated by his late 2022 contribution of Rs. 1,161 crore.
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The remarkable $58.5 billion net worth of Gautam Shantilal Adani is attributed to the Adani Group. This multinational company manages the port operations and development sector in India. Notably, Priti Adani, the spouse of Gautam Adani, is the head of the Adani Foundation, which he founded in 1996. The group's varied interests include ports, airports, electricity generation and transmission, and renewable energy.
But following the release of their study, Hindenburg Research accused Adani of financial misbehaviour and manipulating the market, which caused his company's market value to drop by more than $120 billion.
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With a phenomenal net worth of $96.8 billion, Mukesh Ambani, who is 66 years old, is the richest person in India. As Reliance Industries chairman and managing director, Mr Ambani is in charge of an enterprise that generates more than Rs. 8 lakh crore ($104 billion) in revenue annually.
The extensive business of Reliance Industries includes telecom, retail, oil and gas, and petrochemicals. Three of his sons, Akash, Anant, and Isha, are actively involved in the Ambani family and oversee different divisions of this massive conglomerate.
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