India is home to many wealthiest families. India is the second big country by population after china and the seventh-largest country by land. In 2019, International Monetary Fund (IMF) reported that the Indian Economy was worth $2.9 trillion and is the fifth-largest economy by the market exchange rate.
Forbes Magazine in 2020 published a list of the Top 10 Most Richest Persons in India based on an annual assessment of wealth and assets. There was 102 billionaire as of 2020 that put the country fourth in the world after USA, China, and Germany. Do read the article to the end to know about the list of Top 10 most richest Persons in India in 2021.
List of Top 10 Richest People in India:
No | Name | Net Worth in USD | Origin of Wealth |
1. | Mukesh Ambani | $88.7B | petrochemical, oil&gas/ Diversified |
2. | Gautam Adani | $25.2B | Commodities, Ports |
3. | Shiv Nadar | $20.4B | Software Services |
4. | Radhakishan Damani | $15.4B | Retail, Investment |
5. | Hinduja brothers | $12.8B | Diversified |
6. | Cyrus Poonawalla | $11.5B | Vaccination |
7. | Pallonji Mistry | $11.4B | Construction |
8. | Uday Kotak | $11.3B | Banking |
9. | Godrej family | $11B | Consumer Goods/Real Estate |
10. | Lakshmi Mittal | $10.3B | Steel |
Mukesh Ambani: 1st in the list of Top 10 Most Richest Persons in India
Mukesh Dhirubhai Ambani born in the British Crown colony of Aden (present-day Yemen) on 19 April 1957 (age 63) is a billionaire business tycoon in India. He is the chairman and managing director of Reliance Industries Ltd. Reliance was founded in 1966 as a small textile producer by his late father Dhirubhai Ambani, the yarn trader. Ambani and his younger brother Anil divided the family empire after their father died in 2002. Ambani earned over $20 billion during the Covid-19 locks and a third of Jio was sold to investment groups including Facebook and Google. Reliance Industries Ltd is listed in the Fortune Global 500 companies. He is the richest person in Asia and the 10th richest person in the world.
Mukesh Ambani was featured:
- 1st in Forbes India’s most Richest 2020
- 21st in Forbes Billionaire 2020
- 32nd in Forbes Powerful People 2018
Information and Stats:
DoB | 19 April 1957 |
Age | 63 |
Education | Bachelor of Science in Engineering, Institute of Chemical Technology; Drop Out, Stanford University |
Origin of Wealth | petrochemical, oil, gas, telecom, retail |
Net Worth | $88.7B |
Residence | Mumbai, India |
Citizenship | India |
Marital Status | Married |
Spouse | Nita Ambani |
Children | Isha Ambani, Akash Ambani, Anant Ambani |
Gautam Adani: 2nd in the List of Top 10 Most Richest Person in India
Born in Jain family to Shantilal and Shanti Adani, Gautam Adani was born on June 24, 1962, in Ahmedabad. Gautam Shantilal Adani is the founder and chairman of Adani Group that is based in Ahmedabad and is a Multinational Corporation involved in port development and operations in India. Aside from Mundra Port, his wealth production portfolios include a wide variety of commodities, clean energy, and transmission to name only a few. Adani’s assets in the overseas countries include the Abbott Port of Australia, and one of the biggest in the country, the Carmichael Coal Mine.
Gautam Adani was featured:
- 2nd in Forbes India’s richest persons
- 453rd in Forbes billionaires 2016
DoB | 24 June 1962 |
Age | 63 |
Education | Dropped out; bachelor’s degree in commerce at Gujarat University |
Origin of Wealth | commodities, infrastructure, Self-Made |
Net Worth | $25.2B |
Residence | Ahmadabad, India |
Citizenship | India |
Marital Status | Married |
Spouse | Priti Adani |
Children | Karan Adani, Jeet Adani |
Shiv Nadar: 3rd in the list of Most Richest People in India
Born in Moolaipozhi, Tamil Nadu India on 14 July 1946, Shiv Nadar is the third on the list of richest people in India, priced with a net worth of 20.4 billion dollars. He founded HCL Technologies in the mid-1970s that is a 23 trillion-dollar enterprise and now one of the world’s biggest exporting software services. In July 2020, as HCL Technologies President, he relocated the job to Roshni Nadar Malhotra, his daughter. In July 2020, Shiv made his daughter chairman of HCL technologies and stepped down from his positions as president of HCL. Nadar has contributed 662 million dollars to his Shiv Nadar Fund, a leading Indian philanthropist who promotes educational causes.
Shiv Nadar was featured:
- 3rd in Forbes India’s Richest 2020
- 103 in Forbes Billionaires 2020
- 18th in Forbes Richest In Tech 2017
Information and Stats:
DoB | 14 July 1946 |
Age | 75 |
Education | Bachelor of Arts/Science, PSG College of Technology |
Origin of Wealth | Software and Tech Services |
Net Worth | $20.4B |
Residence | Delhi, India |
Citizenship | India |
Marital Status | Married |
Spouse | Kiran Nadar |
Children | Roshni Nadar |
Radhakishan Damani: 4th in the list of richest people in India
Damani was born in January 1954 in Mumbai. Radhakishan is the 4th richest people India with a net worth of $15.4 billion, making him India’s fourth-richest individual. Radhakishan Damani is an old stock market investor who established the D Mart in 2017. Damani also has investments in a variety of businesses, from VST to cement manufacturer India Cements. The Radisson Blue Resort in Alibag, a popular beachfront getaway near Mumbai with 156 rooms is the property of Radhakishan Damani.
Damani was featured:
- 4th in Forbes India’s Richest 2020
- 78th in Forbes Billionaire 2020.
Information and Stats:
DoB | January 1954 |
Age | 66 |
Education | Commerce at the University of Mumbai but dropped out after one year |
Origin of Wealth | Retail, Investment |
Net Worth | $15.4B |
Residence | Altamound Road, Mumbai |
Citizenship | India |
Marital Status | Married |
Spouse | Shrikantadevi Radhakishan Damani |
Children | Manjri Damani Chandak, Jyoti Kabra, Madhu Chandak |
Hinduja brothers: 5th in the list of Forbes Richest Men in India
The Hinduja Group was founded by Parmanand Deepchand Hinduja and is now controlled by four siblings, Srichand, Gopichand, Prakash, and Ashok. At first, the company operated its operations in shikpur (Pakistan) and Mumbai (India) while the first international operations began in Iran in 1919. The business category is diversified having operations in Automotives, Oil and Specialty Chemicals, Banking & Finance, IT & ITeS, Cyber Security, etc. The brothers own historical lands in London, including the landmark Old War Building at the Raffles Hotel in Whitehall. Srichand and Gopichand live in London, and Prakash is living in Monaco, while Ashok, the youngest brother, is responsible for their Mumbai interests.
Hinduja Brothers were featured:
- 5th in Forbes India’s Richest 2020
- 91in Forbes Billionaire 2020
- 12 in Forbes Asia’s Richest Families 2017
Information and Stats:
Siblings and their DoB | Srichand Parmanand Hinduja (28 November 1935) Gopichand Parmanand Hinduja (29 February 1940) Ashok Parmanand Hinduja (28 November 1935) Prakash Parmanand Hinduja ( June 1945) |
Origin of Wealth | Diversified |
Net Worth | $12.8B |
Citizenship | India, United Kingdom |
Marital Status | Married |
Cyrus Poonawalla: 6th in the list of Top 10 Richest People in India
Born in 1941, Cyrus Poonawalla is the 6th most richest person in India according to Forbes with a net worth of $11.5B. He is the chairman of the Poonawalla group that includes the Serum Institute of India. Cyrus Poonawalla is the son of a horse breeder, who in 1966 created the Indian Serum Institute and made it the world’s largest vaccinator (by doses). The serum delivers a series of vaccines, including measles, polio, and influenza, at more than 1.5 billion doses a year.
Cyrus Poonawalla was featured in:
- 6th in Forbes India’s Richest People 2020
- 165 in Forbes Billionaire 2020
- Forbes Game Changers 2016
Information and Stats:
DoB | 1945 |
Age | 76 |
Education | Brihan Maharashtra College of Commerce, The Bishop’s School |
Origin of Wealth | Vaccines |
Net Worth | $11.5B |
Residence | Pune, India |
Citizenship | India |
Marital Status | Windowed |
Spouse | Adar Poonawalla |
Children | Adar Poonawalla |
Pallonji Mistry: 7th Most Richest Person in India
Born in 1929 in a Parsi family of Gujrat, Pallonji Shapoorji Mistry an Indian-Irish businessman and chairperson of construction tycoon Shapoorji Pallonji Company. With a net worth of $11.4B, the reclusive Tycoon dominates the engineering construction giant in Mumbai. The Shapoori Pollonji Group that is run by Mistry’s son Shapoor also owns Eureka Forbes, the country’s leading brand of water purifiers. The family also owns an 18.4% stake in Tata Sons that later was sold by Mistrys saying that “a separation of interests would best serve all stakeholder groups.”
Pollanji Mistry was featured:
- 7th in Forbes India’s Richest 2020
- 117 in Forbes Billionaire 2020
Information and Stats:
DoB | 1929 |
Age | 91 |
Education | Imperial College London |
Origin of Wealth | Construction and Engineering |
Net Worth | $11.4B |
Residence | Mumbai, India |
Citizenship | Ireland |
Marital Status | Married |
Spouse | Patsy Perin Dubash |
Children | Cyrus Mistry, Shapoor Mistry, Aloo Mistry, Laila Mistry |
Uday Kotak: 8th in the List of Most Richest People in India
Born on 15 March 1959, Uday Kotak is an Indian billionaire entrepreneur, Executive Vice President, and Chief Executive Officer of Kotak Mahindra Bank. Uday Kotak founded a finance company in 1985 when he rejected the trading business of his family and in 2003 converted it to a bank. His Kotak Mahindra Bank, which was promoted by the 2014 acquisition of ING Bank’s Indian operations, is now one of India’s top four privately held banks. By purchasing his 25% interest in 2 subsidiaries for $72 million, he ended a 14-year relationship with Goldman Sachs in 2006. In June 2020, Kotak sold those shares as negotiated by the Reserve Bank of India to reduce his stakes in the bank.
Uday Kotak was featured:
- 8th in Forbes India’s Richest 2020
- 129 in Forbes Billionaire 2020
Information and Stats:
DoB | 15 March 1959 |
Age | 62 |
Education | Bachelor of Arts/Science, Bombay University; Master of Business Administration, University of Bombay |
Origin of Wealth | Banking and Finance |
Net Worth | $11.3B |
Residence | Mumbai, India |
Citizenship | India |
Marital Status | Married |
Spouse | Pallavi Kotak |
Children | Jai Kotak and one daughter (Name unknown) |
Godrej family: 9th in the list of India’s Richest People
The $6 trillion Godrej Group, a 123-year-old retail services giant, is controlled by the Godrej family. The Godrej family belongs to an Indian Parsi family that mainly manages and owns the Godrej Company, which was founded in 1897 by Ardeshir Godrej and his brother Pirojsha Burjorji Godrej. Patriarch Adi Godrej (pictured), an MIT graduate who took over as president in2000, currently leads the party. The Godrej family is one of India’s richest with Adi Godrej, Nadir Godrej, and Cousin Jamshyd Godrej, and has an approximate net worth of 11.6 billion dollars.
Godrej Family was featured:
- 9th in Forbes India’s Richest People 2020
- 20th in Forbes Asia’s Richest Families 2017
Information and Stats:
Origin of Wealth | Real Estate and Consumer Goods |
Members | Ardeshir Godrej, cofounder of Godrej Brothers Pirojsha Godrej, cofounder of Godrej Brothers Sohrab Pirojsha Godrej, chairman of the Group |
Net Worth | $12.8B |
Residence | Mumbai, India |
Citizenship | India |
Lakshmi Mittal: 10th in the list of Top 10 Richest People in India
Lakshmi Niwas Mittal was born on 15 June 1950 in Rajasthan India. He is CEO of the world’s largest steel and mining firm ArcelorMittal, Owner of Karrick Limited, and Co-owner of Queens Park Rangers F.C. Lakshmi Mittal shares a 20% stake in Queens Park Rangers F.C and a 38% share of ArcelorMittal. In the year 2020, steel exports decreased nearly a quarter, the company recorded a loss of $0.7 billion. In 2019, Arcelor and Nippon Steel finished their $5.9 trillion Essar Steel takeover, once under the ownership of the Shashi and Ravi Ruia billionaires. In January 2021 Mittal delegated his son, Aditya Mittal, to the CEO role but remains Arcelor Mittal’s Executive Chairman.
Lakshmi Mittal was featured:
- 10th in Forbes India’s Richest People 2020
- 196 in Forbes Billionaire 2020
- 55 in Forbes Powerful People 2015
Information and Stats:
DoB | 15 June 1950 |
Age | 70 |
Education | Bachelor of Arts/Science, University of Calcutta |
Origin of Wealth | Steel |
Net Worth | $10.3B |
Residence | London, UK |
Citizenship | India |
Marital Status | Married |
Spouse | Usha Mittal |
Children | Vanisha Mittal, Aditya Mittal |