Indian Richest Man – As the world continues to become digitized, it is no surprise that the richest men in the world are those who are best equipped to take advantage of this new era. With an ever-growing global population and ever-changing business needs, those who can adapt quickly will be in a much better position to succeed. Here is a list of the 10 richest men in India as of 2023.
You can now check the 2023 Top 10 List’s net worth in USD and INR from this page. Numerous extremely wealthy individuals reside in India, including those who are regarded as the Indian Richest Man in 2023. The Indian economy has seen significant advancements as a result of the efforts of a diverse group of billionaires. Wealth will fluctuate as a result of the unstable market conditions. This is especially true when one considers that the majority of billionaires have their wealth invested in publicly traded businesses.
Indian Richest Man
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With the world economy slowly recovering from the global recession, there are now more billionaires than ever before. Here’s a list of the 10 richest men in India in 2023, based on Forbes’ latest list. This year’s top 10 richest Indians all hail from the technology and business industries, with several entrepreneurs moving up the ranks thanks to their investments in digital platforms and innovative companies. Keep your eyes on these guys – they won’t be around for long!
Despite the fact that the COVID-19 pandemic was wreaking havoc on the lives of the majority of Indians during this time, there were a number of Indians who were able to significantly increase their wealth. Sources claim that the country will produce 18.5% more billionaires between the years 2021 and 22 than it did in the previous year. It is interesting to note that four Indians ranked among the world’s top 100 wealthiest individuals. Shiv Nadar, Azim Premji, Mukesh Ambani, and Lakshmi Mittal are the four of them. There were a total of 106 Indians on the Indian Richest Man 2023 list.
Indian Richest Man 2023 Details
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Indian Richest Man, The 10 Richest Men 2023 List
There’s no doubt that the Indian economy is booming, and with that comes a host of new millionaires and billionaires. In this article, we take a look at the 10 richest men in India by 2023. From tech entrepreneurs to business magnates, these men are shaping the future of India and its economy. So who will be on the list by then? Read on to find out!
1. Gautam Adani and family
Gautam Adani and his family, India’s first richest person, have a staggering $135.8 billion fortune. The Mundra Port, Gujarat’s largest, is managed by Gautam Adani. The Adani Group has interests in a variety of industries, including real estate, infrastructure, commodities, and power generation and transmission. Adani purchased a 74% stake in Mumbai International Airport, India’s second busiest airport, in September 2020. Abbot Point, a coal mining project in Australia, is also owned by Adani.
2. Mukesh Ambani
Mukesh Ambani is the tenth richest person in the world in 2022, with a net worth of $91 billion. Reliance Industries’ chairman and founder has interests in petrochemicals, oil and gas, retail, and telecom. Reliance’s 2016 introduction of 4G phone services to the Indian telecom market sparked a price war, resulting in violent turbulence and the closure of several networks. Mukesh Ambani raised more than $20 billion by selling a third of Jio to investors like Google and Facebook during the COVID-19 lockdown.
3. Shiv Nadar
With an estimated wealth of $25.5 billion in 2022, Shiv Nadar, cofounder of HCL, is ranked third among India’s richest billionaires. HCL began manufacturing calculators and microprocessors in 1976, and with $102 billion in revenue, it is now one of the nation’s largest software service providers. In 50 countries, HCL technologies has employed 169,000 people. His daughter took Shiv Nadar’s place as CEO of HCL when he left in 2020. Current chairman emeritus is Shiv Nadar. He is a prominent national philanthropist who has donated over $662 million to the Shiv Nadar Foundation to support educational initiatives.
4. Cyrus Poonawalla
With a net worth of $21.6 billion, Cyrus Poonawalla will be India’s fourth richest person in 2022. In 1966, he established Serum Institute of India, which is now the world’s largest vaccine manufacturer in terms of doses. Over 1.5 billion doses of various vaccines against the flu, polio, and measles are produced by the company. Serum, whose CEO is his son Adar, has also invested approximately $800 million in the construction of a new factory that will produce Covid-19 vaccines.
5. Radhakishan Damani
With a net worth of $17.7 billion, Radhakishan Damani ranks fifth among India’s richest individuals. After Avenue Supermarket completed the I|PO in March 2017, he rose to the position of retail king in the nation. He began his retail career in India with a single supermarket in a Mumbai suburb. The national retail chain now operates more than 221 DMart stores. In addition, Damani owns stakes in India Cements and the tobacco company VST. He owns the famous Alibag beachfront Radisson Blu Resort, which has 156 rooms and is near Mumbai.
6. Savitri Jindal and family
Savitri Jindal and her family are India’s sixth-richest family, with a total wealth of $17.3 billion in 2022. Power, cement, infrastructure, and steel are among Jindal Group’s interests. Savitri Jindal, Om Prakash Jindal’s widow and founder of the Jindal Group, currently serves as the group’s president. After Om Prakash Jindal’s death in a helicopter accident in 2005, the group’s businesses were divided among his four sons.
7. Dilip Shanghvi
Dilip Shanghvi is the seventh richest person in the country in 2022 with a net worth of $16.2 billion. His father gave him $200 in 1983 to start Sun Pharma, a psychiatric drug manufacturing company. With a $4.5 billion annual revenue, the company is now among the nation’s leaders in pharmaceutical supplies. Sun Pharma expanded through a number of acquisitions, the most notable of which was the $4 billion purchase of Ranbaxy Laboratories in 2014. Shanghvi has also made investments in renewable energy and oil and gas in recent times.
8. Lakshmi Mittal
Lakshmi Mittal, who has a net worth of $15.9 billion, is ranked eighth on the list of India’s richest people in 2022. He is the chairman of ArcelorMittal, the world’s largest steel and mining company, which makes $53.3 billion in revenue. Arcelor and Nippon Steel bought Essar Steel in 2019, which was previously owned by billionaires Ravi Ruia and Shashi. Lakshmi Mittal is still the executive chairman of Arcelor Mittal, despite ceding the CEo position to his son Aditya Mittal.
9. Sunil Mittal and family
Sunil Mittal holds the ninth spot on the list of India’s top 10 richest people with a net worth of $15.7 billion. A first-generation entrepreneur and the chairperson of Bharti Enterprises, is the owner of Bharti Airtel, India’s second-largest telecom provider. Through the Bharti Foundation, the philanthropic arm of Bharti Enterprises, Mittal is also well-known for his efforts to promote education in India.
10. Kumar Birla
Kumar Birla is the tenth richest person in India with his $15.1 billion net worth in this time. Known as the commodities king, he is the head of the Aditya Birla Group making $46 billion in revenue of. The group has that its interests in aluminum and cement besides offering telecom and financial services too. In August 2021, Kumar Birla stepped down as the chairman of Vodafone India limited, a debt strapped firm after which Idea Cellular and Vodafone India merged in 2018.
There are several billionaires from India, some of whom are among the most rich persons on the earth. Indian billionaires, who have a range of industry backgrounds of, have made major economic contributions to the our country. Wealth will fluctuate due to the volatile market conditions, especially as the majority of billionaires have their it fortunes invested in publicly traded companies.