India is a developing country where a majority of people make mediocre money to make their ends meet, while there are also a significant number of citizens that aren’t even fortunate enough to make a living. Above all else, there are yet certain individuals who have established themselves to the point where they can today be called the richest people in India.
Here, through digging a couple of sources, we have compiled for you a list of the few prominent billionaires hailing from India that have made their way to the top of the list of India’s richest people in 2022. Check out Top 20 Richest People in India.
20 Richest (Billionaire) Indians Ranked by Their Net Worth in 2022
Below, we include the top 20 list of the richest people in India ranked by their net worth as of the year 2022.
1. Gautam Adani
Net Worth: US $100 Billion
At the top of the list of the richest people in India stands the founder and chairman of the Adani Group, Gautam Adani. He is an industrialist and generates his wealth from selling, supplying, and offering services in various sectors, such as consumer commodities, ports, power generation, transmission, real estate, defense, airports, and data centers.
2. Mukesh Ambani
Net Worth: US $93 Billion
The second richest person in India on this list is the chairman and managing director of Reliance Industries Ltd., Mukesh Ambani. His wealth is mainly generated from the petrochemicals, telecom, and retail business sectors.
For several years, Ambani had kept his hold on being the richest person in India, but recently, he was surpassed by Adani who has now taken the first spot on the list.
3. Shiv Nadar
Net Worth: US $31 Billion
The third spot for the richest person in India on this list is given to the founder of HCL Technologies Ltd., Shiv Nadar. His wealth is generated from the sales, supplies, and services in the IT industry.
He is also the founder of SSN College of Engineering and Shiv Nadar University, respectively. His efforts and role in transforming India’s future in the IT sector have gained him recognition by honoring him with the Padma Bhushan award, one of the highest awards in India.
4. Radhakishan Damani
Net Worth: US $29.4 Billion
The fourth place for the richest person in India is given to the founder of a chain of DMart retail stores throughout India, Radhakishan Damani. His wealth is generated from the sale of consumer commodities from his chain of hypermarkets located in 11 states in India. Additionally, he also makes money from his investment firm, Bright Star Investments Ltd.
5. Cyrus Poonawalla
Net Worth: US $19 Billion
The fifth spot in the list of the richest person in India is given to the founder, MD, and chairman of the Cyrus Poonawalla Group of companies, Cyrus Poonawalla. His wealth is generated from manufacturing vaccine doses worldwide at their in-house biotech company, Serum Institute of India.
Their biotech company has produced large amounts of vaccine doses for treating health conditions, like polio, flu, measles, etc. Cyrus Poonawalla was awarded Padma Shri and Padma Bhushan awards for his work. The Serum Institute of India company is now operated by his son, Adar Poonawalla.
6. Lakshmi Mittal
Net Worth: US $18.7 Billion
The sixth place for the richest person in India is taken by the chairman and the CEO of the world’s one of the largest steel-producing companies Arcelor Mittal, Lakshmi Mittal. His wealth is generated from manufacturing steel which is owned in India and overseas.
7. Savitri Jindal
Net Worth: US $18 Billion
The seventh spot in the list of the richest person in India is given to the ex-chairperson of O. P. Jindal Group conglomerate, Savitri Jindal. The company’s wealth is generated from the sale, supplies, and services in the steel, energy, cement, and infrastructure sectors.
Savitri Jindal is the wife of the late O. P. Jindal, who briefly took over as the chairperson after the death of her husband in an unfortunate accident. She then retired from her position and decided to join the Indian National Congress political party. She is also the president of Maharaja Agrasen Medical College, which is located in Agroha. The family’s businesses are now being operated by their sons Sajjan Jindal, chairperson of JSW Group, and Naveen Jindal, chairperson of Jindal Steel & Power, respectively.
8. Uday Kotak
Net Worth: US $16.5 Billion
The eighth spot on the list of the richest people in India is given to the founder and CEO of Kotak Mahindra Bank Ltd., Uday Kotak. His wealth is generated from the banking and financial services sectors i.e., bill discounting, stockbroking, investment banking, car finance, life insurance, and mutual funds.
9. Pallonji Mistry
Net Worth: US $16.4 Billion
The ninth place for the richest person in India is given to the chairman of the Shapoorji Pallonji Group, Pallonji Mistry. His wealth is generated from the construction and real estate sectors.
Their family business is well-known for having built some of Mumbai’s landmarks around the Fort area – the Hong Kong & Shanghai Bank, the Grindlays Bank, the Standard Chartered Bank, the State Bank of India, and the Reserve Bank of India buildings. The S.P. Group, run by Mistry’s older son Shapoor, also owns Eureka Forbes, the country’s leading brand of water purifiers.
10. Kumar Birla
Net Worth: US $15.8 Billion
The tenth spot in the list of the richest people in India is given to the chairman of Aditya Birla Group, Kumar Mangalam Birla. His wealth is generated from the textiles, telecom, and cement sectors.
The family business was started by his father, late Aditya Vikram Birla, who diversified his conglomerate into textiles, petrochemicals, and telecommunications. Today, the Aditya Birla Group has become one of India’s largest conglomerates and has also earned several awards for the company name.
11. Godrej Family
Net Worth: US $15.2 Billion
At number eleven in the list of the richest person in India sits one of India’s oldest companies, the Godrej Family. The company’s wealth is generated from various sectors, which include real estate, consumer products, industrial engineering, appliances, furniture, security, and agricultural products.
12. Sunil Mittal
Net Worth: US $14.8 Billion
At number twelve on the list of the richest person in India sits the founder and chairman of Bharti Enterprises, Sunil Mittal. His wealth is generated from telecom, insurance, real estate, education, malls, hospitality, agriculture, and food among other ventures.
Most of the revenue is accumulated from his flagship company, Bharti Airtel, which is a telecom company operating in at least 18 countries throughout Asia and Africa.
13. Bajaj Family
Net Worth: US $14.4 Billion
At number thirteen on the list of the richest person in India sits the heir of the family business, Bajaj Group, Rahul Bajaj. The multinational conglomerate generates wealth from sectors, which include automobile, financial services, holdings and investment, home appliances, electrical, sport, iron and steel, and insurance ventures.
14. Dilip Shanghvi
Net Worth: US $14.3 Billion
At number fourteen on the list of the richest person in India sits the chairman and MD of Sun Pharmaceutical Industries, Dilip Shanghvi. His company generates wealth from the manufacture, sale, supply, and services of pharmaceuticals in India.
The company is India’s most valuable listed pharma outfit, and Shanghvi has also invested in renewable energy and oil and gas.
15. Hinduja Brothers
Net Worth: US $14 Billion
At number fifteen in the list of the richest person in India sits the family owners of the international conglomerate, Hinduja Group, which was founded by the late Parmanand Deepchand Hinduja in the year 1914. The wealth of the Hinduja Group of companies is generated from various business sectors, which include automotive, cyber security, media, and entertainment, power, oil and specialty chemicals, healthcare, trading, infrastructure project development, banking and finance, IT, and ITeS, and real estate.
The Hinduja Group operates at least 23 companies worldwide under the leadership of S. P. Hinduja and Ashok Hinduja, respectively.
16. Burman Family
Net Worth: US $11.8 Billion
At number sixteen in the list of the richest person in India sits the heir and chairman of the family business, Dabur India, Anand Burman. The company generates wealth from the sale of consumer goods.
Anand Burman is the co-founder of the Asian healthcare fund and serves on the board of directors for 33 companies including Hero Motocorp, Aviva Life Insurance, Ester Industries, Intex Laboratories, and more. He has also served as the chairman of Fresenius Kabi Oncology Ltd., and as an independent non-executive director of Hindustan Motors Ltd. He started a non-profit organization Sundesh working for healthcare, and education.
17. Madhukar Parekh
Net Worth: US $11.7 Billion
At number seventeen on the list of the richest person in India sits the chairman of Pidilite Industries, Madhukar Parekh. The company’s wealth is generated from the sale of adhesives and sealants, construction chemicals, and hobby colors.
His father, the late Balvant Parekh founded the company in the year 1959 and the family business has been looked after since. Pidilite is best known for Fevicol, its iconic white glue popularised over the decades by clever advertising.
18. Azim Premji
Net Worth: US $11.2 Billion
At number eighteen on the list of the richest person in India sits the founder and chairman of Wipro Ltd., Azim Premji. His wealth is generated from the manufacture, sale, supply, and services in consumer commodities, IT services, and consulting.
One of the most India’s largest software services providers is Wipro and they have an innovation center in Silicon Valley, which is focused on developing new technologies and collaborating with startups companies.
19. Murali Divi
Net Worth: US $9.9 Billion
At number nineteen on the list of the richest person in India sits the scientist and founder of Divi’s Laboratories Ltd., Murali Divi. His wealth is generated from the manufacture and sale of active pharmaceutical ingredients (APIs) worldwide. The company also does custom manufacturing for the big pharma companies and produces nutraceuticals.
The company started as a research center and later turned into a manufacturing company. Today, the company is among the world’s top suppliers of active pharmaceutical ingredients.
20. Benu Gopal Bangur
Net Worth: US $9.5 Billion
Last, but certainly not the least, at number twenty on the list of the richest person in India, sits the heir and chairman of Shree Cement, Benu Gopal Bangur. His wealth is generated from producing cost-efficient cement.
The company sells branded cement under the names of Shree Ultra Jung Rodhak, Bangur Cement, and Rockstrong, respectively. Today the company is run by his son Hari Mohan Bangur and grandson Prashant. The company also produces and sells power under the brand name Shree Power and Shree Mega Power.