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India is not only the sixth largest economy in the world, but it is also home to some of the richest families and individuals in the world. Over the last 20 years, India has experienced tremendous growth, creating many billionaires along the way.
India ranks third after the United States and China in terms of the number of wealthy individuals worldwide.
We have compiled a list of the richest Indians and their net worths as of February 23, 2022, according to Forbes. See details below.
List of top 15 richest Indians by 2022
Here is the complete list of top 15 richest businessmen in India in 2022.
1. Gautam Adani and his family – $90.8 billion
Gautam Adani, founder and chairman of Gujarat-based Adani Group, is currently the richest person in India and Asia and the 10th richest person in the world. According to Forbes, he has an estimated net worth of $90.8 billion.
Gautam Adani owns a 74% majority stake in most of the group companies, with the exception of a few companies listed on the Indian Stock Exchange. His Adani Group’s interests cover infrastructure, power generation and transmission, commodities and real estate, with total revenue of his $13 billion.
Over the past two years, Gautam Adani’s net worth has grown at a staggering pace, registering a growth of over 1800% at US$83.89 billion, according to the last information provided by Forbes magazine.
2. Mukesh Ambani – $89.2 billion
Mukesh Ambani is the second richest Indian with a net worth of $89.2 billion. Mukesh Ambani is a billionaire Indian businessman who operates the world’s largest oil refinery.He is Chairman and CEO of Reliance Industries Ltd. (RIL).
RIL is a large business conglomerate with over $74 billion in revenues, with interests in petrochemicals, oil and gas, telecommunications, media, retail, and many others. Reliance was founded in 1966 by his late father Dhirubhai Ambani as a modest textile company.
Antilia in Mumbai is owned by Mukesh Ambani. This massive 27-storey home of his features 3 helipads, air traffic control, 168 parking spaces, a ballroom, 9 high-speed elevators, a 50-seat theater and other luxury amenities. He also owns his franchise of Mumbai Indians pro his cricket.
3. Siv Nadar – $28.3 billion
Shiv Nadar is the founder of software giant HCL Technologies Limited with a net worth of $28.3 billion. HCL was founded over 40 years ago by him in 1976 to develop calculators and microprocessors.
In July 2020, he handed over the baton of HCL Technologies to his daughter Roshni Nadar Malhotra and stepped down as chairman. He is currently Chairman Emeritus of HCL Tech’s Board of Directors.
HCL Technologies employs over 169,000 people in over 50 countries around the world. He donated his $662 million to his Shiv Nadar Foundation, which promotes educational causes.
4. Radakishan Damani – $19.9 billion
Radhakishan S. Damani is an investor and founder of retail supermarket giant DMart. He owns over 70% of his stake in Avenue Supermarts and has an estimated net worth of $19.9 billion.
DMart started over 20 years ago in 2002 and went public in 2017. There are over 221 of his DMart stores in various cities in India. He has also made huge investments in a number of companies, including his VST Industries, a tobacco company, and India Cements, a cement manufacturer.
5. Lakshmi Mittal – $19.2 billion
Based in London, Lakshmi Niwas Mittal is a steel tycoon headed by ArcelorMittal, the world’s largest steel company, as chairman.
In 2006, his Mittal Steel merged with France’s Arcelor to become the world’s largest steel producer with a capacity of 78.5 million tons. In January 2021, his son Aditya Mittal became CEO.
6. Savitri Jindal and family – $17.5 billion
Savitri Jindal is from India and is Honorary Chairman of OP Jindal Group. She is the richest woman in India with her estimated net worth of $17.5 billion.
Born in Assam in 1950, she married Om Prakash Jindal in 1970. Om Prakash Jindal is popularly known as her OP Jindal, the founder of the Jindal Group. Jindal Group has business interests in steel, power, mining, oil and gas. After the sudden death of her husband in her helicopter crash, she inherited not only his business but also his political legacy.
She served as Member of Parliament for Haryana from 2005 to 2014. She also served as Minister of State Government. Jindal Steel, a subsidiary of the Jindal Group, is India’s largest privately owned steel company run by her son Sajan Jindal.
7. Kumar Mangalam Birla – $17.1 billion
KM Birla is the chairman of Indian conglomerate Aditya Birla Group, with operations in cement, aluminium, telecommunications and financial services. He is a fourth-generation businessman with an estimated net worth of his $17.1 billion and a market cap of his group companies of around $46 billion.
He is also the President of educational institutions such as the Birla Institute of Technology and Science (BITS) and the Indian Institute of Management (IIM) – Ahmedabad. His father Aditya Birla died in his 1995 and Kumar Birla inherited his family fortune at the age of 28.
8. Cyrus Poonawalla – $16.1 billion
Cyrus S. Poonawalla is Chairman and Managing Director of the Cyrus Poonawalla Group. The Serum Institute of India, the world’s largest vaccine maker, is part of this group that produced the ‘Covishield’ Covid-19 vaccine.
He started the Serum Research Institute in India in 1966 and today manufactures about 1.5 billion doses of vaccines for measles, polio, flu and more annually.
9. Dilip Shanvi – $17.5 billion
Dilip Shanghvi is the founder of generic drug company Sun Pharmaceuticals, which has a net worth of $17.5 billion. His company generated $4.5 billion in sales for the fiscal year ending March 31, 2021.
Based in Mumbai, the pharmaceutical giant employs over 30,000 people and serves more than 150 countries.
10. Uday Kotak – $15.4 billion
Uday Suresh Kotak is the world’s richest banker and promoter of Mumbai-based Kotak Mahindra Bank. With an estimated net worth of $15.4 billion, he is the Managing Director and Vice Chairman of Kotak Mahindra Bank.
He started his banking career in 1985 with a small financial business before turning to Kotak Mahindra Bank in 2003. Kotak Mahindra Bank is his fourth largest bank in the private sector after he acquired ING Bank’s Indian business in 2014.
11. Godrej Family – $15.2 billion
The Godrej family is one of the oldest business groups incorporated in 1897 by lawyer Ardeshir Godrej. Currently, the group has business interests in consumer goods, real estate and more, where he will generate over $6 billion in revenue as of 2022.
Adi Godrej, a graduate of MIT in the United States, is the chairman of the group, his daughter Nisaba leads the operations of Godrej Consumer Products, and his son Pirojsha runs Godrej Properties. The family owns a huge estate on the outskirts of Mumbai, which still makes him one of their biggest assets.
12. Sunil Mittal – $14.8 billion
Bharti Airtel, India’s largest mobile operator, is headed by telecommunications king Sunil Mittal. His Bharti Airtel, partnered with Singapore-based SingTel, has over 474 million customers.
Mittal also owns Airtel Payments Bank, a JV with Kotak Mahindra Bank. His son, Shravin Mittal, runs Bertie Global, which invests in British satellite provider OneWeb. His second son, Kavin Mittal, was the former head of SoftBank-backed messaging service Hike and now works on game projects.
13. Bajaj Family – $14.4 billion
Rahul’s grandfather Jamnalal Bajaj laid the cornerstone of the Bajaj Group of companies in 1926. Rahul Bajaj joined Bajaj Group in 1965 and became CEO of Bajaj Auto Limited in 1968. Bajaj Auto in 1972.
Bajaj Auto, India’s second largest motorcycle company, is run by Rajiv Bajaj, the eldest son of the late patriarch. His second son, his Sanjiv Bajaj, heads NBFC giant Bajaj Finance and holding company Bajaj Finserv. Bajaj Finserv has business interests in insurance, AMC and others.
14. Hinduja Brothers – $14 billion
Based in London, the Hinduja brothers control Hinduja Group, a British-Indian cross-border conglomerate with interests in businesses such as cars, banking and lubricants.
Srihand, Gopichand, Prakash, and Ashok are Hindu brothers who own a combined fortune worth $100 billion worldwide. The brothers own luxury properties in London, including the historic Old War Hall in Whitehall.
Srihand and Gopichand live in London, while Prakash stays in Monaco and youngest son Ashok is based in Mumbai, India.
15. Berman family – $11.8 billion
The Burman family is one of India’s oldest business groups, started in 1884 in the city of Kolkata. The family’s personal investments span various areas such as restaurants, home health care, and life insurance.
Their flagship company, Dabur, was founded in 1884 by Ayurvedic practitioner SK Burman. They manufactured medicines to fight diseases such as cholera and malaria.
The current brand portfolio under Dabur is Vatika hair oil, Real fruit juices and Hajmola digestive candies.
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