Mukesh Ambani, a prominent figure in India’s industrial sector, remains the top wealthiest individual on Forbes’ list of the 100 wealthiest individuals in 2023. His net worth of $92 billion has been solidified through strategic moves like appointing his three children to Reliance’s board and listing Jio Financial Services with BlackRock.
While Ambani is in first place, Gautam Adani is very close behind, though his net worth has dropped by $68 billion because of the Hindenburg report.
At the same time, Shiv Nadar has moved up the ranks thanks to the recovery of the tech industry. Over the past year, shares in his company, HCL Technologies, have grown by 42%. This puts him in third place with a net worth of $29.3 billion. Not far behind, Savitri Jindal, the head of the OP Jindal Group, has gained 46% and is now worth $24 billion.
In 2023, three new people joined the Forbes list. Chairwoman of the Dubai-based retailing giant Landmark Group, Renuka Jagtiani, arrived at number 44 with a huge $4.8 billion fortune. The Dani family, who owns the well-known Asian Paints company, came in at number 22 with a total worth of $8 billion. Finally, K.P. Ramasamy, the visionary behind K.P.R. Mill, came in at number 100 with a $2.3 billion wealth.
The top ten Indian companies, including Radhakishan Damani’s retail and Cyrus Poonawalla’s pharmaceutical empire, showcase India’s diverse economic landscape. Notable figures include the Hinduja Family, Dilip Shanghvi, Kumar Birla, and the Mistry family, each contributing significantly to India’s global economic footprint.
The top 10 richest in India are:
1) Mukesh Ambani; US$92 billion
2) Gautam Adani; $68 billion
3) Shiv Nadar: $29.3 billion
4) Savitri Jindal; $24 billion
5) Radhakishan Damani; $23 billion
6) Cyrus Poonawalla; $20.7 billion
7) Hinduja Family; $20 billion
8) Dilip Shanghvi; $19 billion
9) Kumar Birla; $17.5 billion
10) Shapoor Mistry & Family; $16.9 billion
The 2023 Forbes list highlights India’s evolving wealth landscape, characterized by tech innovations, traditional business acumen, and a strong entrepreneurial spirit.
