The world has faced the challenges of the COVID-19 pandemic. Industries, markets, have suffered. But despite all the setbacks, the Hurun India reports state that the net wealth of India’s top richest people increased two times faster than the net market growth of all the companies that are listed on the Bombay Stock exchange. In this article, we will share with you a list of the top 10 richest person in India, a short overview of their enterprises, their net worth, their position in the world economy, etc. Read on to know more about the top richest person in India who are shaping the course of our national economy and at the same time contributing to the global market growth.
#1 Mukesh Ambani-
Mukesh Ambani has consistently remained at the top of the list of richest people in India for 10 consecutive years. The chairman of Reliance Industries is the only business tycoon from India who has successfully managed a position in the top 15 of the world’s wealthiest men at the end of 2020 in the list prepared by Bloomberg Billionaire Index. Mukesh Ambani’s net worth in rupees stands at a staggering Rs 6, 58,400 crore according to the figures published by Hurun India. Anas Rahman Junaid, who is the managing director and also the chief researcher of Hurun India, states that the net wealth of Ambani surpasses the combined wealth of the next 5 richest people on the list. The primary source of his wealth is the fossil fuel, petrochemical, gas business which his father, one of the foremost business icon of his times, Dhirubhai Ambani built. Other than that his telecom service, Reliance Jio, which is one of the largest networks in our country, is also a source of his enormous wealth.
#2 Gautam Adani–
Gautam Adani has gained 16.2 billion USD this year and has surpassed Jeff Bezos and Elon Musk to become the highest wealth accumulator in the year 2021. His net wealth accumulation of the year 2021 is greater than the net wealth accumulation of the top richest person, Mukesh Ambani, who according to the Bloomberg report has accumulated 8.1 billion USD this year. With the surge in his capital accumulation, his current net worth stands at 56.5 billion USD. Adani is an energy billionaire, who owns India’s largest multiport operations the Adani Ports and SEZ. The Adani Group is a multinational corporation based in India and provides various services from power generation, to transmission and much more.
#3 Shiv Nadar–
Shiv Nadar is the third richest person from India. Shiv Nadar’s net worth stands at a staggering 24.8 billion USD. He is the founder and the current CEO of HCL Technologies Limited, which is one of the biggest exporters of software in the world. He is also the chairman of the Shiv Nadar Foundation. He has received the Padma Bhushan award for his contribution in reaching the nation’s IT sector to a great height. The HCL technologies operate in more than 40 countries from all over the world. Nadar is also one of the top 100 billionaires in the world.
#4 Lakshmi Mittal–
Lakshmi Mittal has moved up the list from the 6th position among the top 10 richest person in India, 2020 to the 4th richest person in India in the year 2021. His net worth at present stands at 19 billion USD which has gained a total of 5 billion USD since last year. He is the chairman of the ArcelorMittal, a multinational steel industry which has its headquarter in Luxembourg. ArcelorMittal is also the biggest steel company, in terms of production capacity, in the world. Mittal owns 38% of the company’s total share. Lakshmi Mittal also owns a 20% stake in the Queen’s Park Rangers Football Club, a football club in London.
#5 Cyrus Poonawalla–
Cyrus Poonawalla has also moved up the list of the top richest person in India. He is the chairman of the Poonawalla Group. This group among other enterprises also constitutes the Serum Institute of India, a biotech company dedicated to the research and manufacturing of vaccines. The Serum Institute is also the leading manufacturer and distributor of the vaccine for the COVID-19 virus. The serum has collaborated with Oxford University among multiple other institutions, for the production of this vaccine. Currently, Poonawalla’s wealth has increased by almost six per cent and his net worth stands at 18.5 billion USD.
#6 Hinduja Brothers–
Hinduja Brothers who own the Hinduja Groups are also one of the richest families in the world. The current net worth of the Hinduja brothers stands at 1.31 lakh crore INR. The Hinduja Group was established by Parmanand Deepchand Hinduja, in the year 1914 and has grown into a multinational corporate giant in India that provides services for 11 sectors- from banking and finance, Automotive, Oil and chemicals, IT services, Real estate, cybersecurity, health care to media and entertainment.
#7 Uday Kotak-
Uday Kotak is the seventh richest person from India. He is a renowned banker and is the manager and the chairman of the Kotak Mahindra Bank, a private sector bank in India which has its headquarter in Mumbai. Before the liberalization when India was still a closed economy, Kotak worked through various endeavours from finance service, to sock brokerage. In 2003 the Kotak Mahindra Finance Ltd. received its banking license. His net worth is 1.08 lakh crore in INR.
#8 Radhakrishna Damani-
Radhakrishna Damani is the eighth richest person in India. He is the founder of Dmart. Radhakrishna Damani net worth currently stands at 1.06 lakh crore INR. He is a renowned stock market investor who founded DMart, the supermarket chain in the year 2017. Currently, the supermarket chain has regained its status as one of the most valued retail chain in the world.
#9 Jay Chaudhry-
Jay Chaudhry is a new entry in the list of the top 10 richest person in India and is the ninth wealthiest person from India. Chaudhry has a net worth of 13 billion USD. He is an Indian-American businessman who is the founder of Zscaler, which is a cybersecurity company based in America. His enterprise is a cloud-based security company that has more than a hundred data centres spread across 180 countries from all over the world. He has also founded successful enterprises like the AirDefense which has been acquired by Motorola, and CoreHarbor which has been acquired by the multinational corporation AT&T.
#10 Dilip Shanghvi-
Dilip Shanghvi is the 10th on the list of the top wealthiest person in India. His net worth stands at 91,800 crore INR. He is the founder of Sun Pharmaceuticals Industries Limited, which is the top pharma company in India and the 4th global company in the world. This company sells pharma formulations and also manufactures and sells Active Pharmaceutical Ingredients all over the world.
Dilip Shanghvi has received the Padma Shri Award, for his stellar efforts and contribution to the Indian economy. He has moved up from the 12th richest Indian in 2019 to the 10th richest Indian in the year 2021.
These businessmen, as the richest men in India not only contribute through their philanthropies but also the way they boosted the country’s economy is noteworthy.