NJCM India: India’s economy has become the world’s fifth-largest economy, and the contribution of the Indian billionaires in building our economy can’t be ignored. Although the nation’s economy largely suffered due to the pandemic, efforts are made by the Indian government, and the richest men in India play a vital role in it. Thus here in our article, we will let you know the names of the Indian Richest Man 2023 Top 10 List with Net Worth in USD & INR. So if you are keen to know who is the Indian Richest Man 2023 keep reading the post till the end.
Indian Richest Man 2023
Our Indian economy is a mixed middle-income developing social economy. Likewise, in every nation, the country’s billionaires play a vital economic role. These billionaires adapt to the changing business needs of the growing global population to sustain themselves in the market and to be at the top position in the list of the Top 10 Indian Richest Man.
Although the net worth of the wealthiest Indian fluctuates with the inconsistent market conditions resulting in a change in the no. of position in our list of the Top 10 wealthiest men in India. Hence to know who is the Indian Richest Man 2023, keep scrolling down.
Top 10 Indian Richest Man List
The Top 10 List of Indian Richest Man changes every year. The data collected from various surveys are considered before preparing the Top 10 List of Indian Richest Man. Popular magazine Forbes listed the wealthiest man in India at the end of the previous year, 2022.
You will be surprised to know the Indian Richest Man as he grabs the first position by not just with a mere difference; instead, his net worth is almost double of the man coming at the second position. The reason for this difference is majorly due to the pandemic. So without any further delay, let’s dive into the topic.
1. Gautam Adani- Net Worth- $ 150 billion USD & INR- 11 lakh Crore
The industrialist and the founder of the Adani Group, Gautam Shantilal Adani, is the Richest Man in India. Since the Modi government came into existence, Adani’s firms have won many Indian infrastructure and energy government contracts. Despite the allegations of stock manipulation and fraud, the net worth of the billionaire drastically increased by 60%. The Business conglomerate has now placed in the 26th position in the list of the world’s richest men of Forbes and the Bloomberg Billionaire Index.
The business tycoon has a variety of industries including real estate, power generation, commodities, infrastructure, mining etc. In 2020 Adani bought a 74% share in Mumbai International airport. Moreover, he also started a coal mining project in Australia.
2. Mukesh Ambani- Net Worth- $ 83.4 billion USD & INR 6.8 Lakh Crore
The Chairman of Reliance Industries, Mukesh Ambani, holds the ninth position in the global ranking of the top billionaires and second in our list of Indian Richest Man. Amabni dominates the Indian telecom market and is interested in diverse fields like retail, petrochemicals, oil and gas and many more. Amabani’s Reliance Industries is the most valuable company in the Indian market. The business tycoon raised over $20 billion by selling a third of the telecom company Jio to Google and Facebook during the pandemic.
3. Shiv Nadar- Net Worth- $ 25.6 billion USD & INR 2.09 Lakh Crore
Shiv Nadar, nicknamed Magus, is the founder and chairman of HCL Technologies and Shiv Nadar Foundation. The tech giant founded HCL in the middle of1970s and, over three decades, made the hardware company into an IT corporation. After his retirement in 2020, his daughter is working as the CEO of the IT company HCL. The billionaire is the 56th richest man in the world, according to Forbes and is also known for his donations. He almost donated over $ 650 million to his Shiv Nadar Foundation to subsidise education in India.
4. Cyrus Poonawalla – Net Worth- $ 24.3 billion USD & INR 1.73 Lakh Crore
Cyrus S. Poonawalla is the Chairman and MD of the Cyrus Poonawalla Group. Poona walla’s Serum Institute of India is the world’s largest manufacturer in India, and Poonawalla Fincorp is a supreme NBFC in India. In the Forbes list of the Indian Richest men, Cyrus Poonawalla ranked number four with $ 24.3 billion. His son Adar has recently invested $ 800 million in constructing a new plant producing Covid-19 doses.
5. Savitri Jindal and family- Net Worth- $ 20.5 billion USD & INR 1.62 Lakh Crore
Savitri Devi Jindal, the widow of Omprakash Jindal, the founder of O.P. Jindal Group, is a businesswoman and politician. She presently serves as the chairperson of O.P. Jindal Group and the president of Maharaja Agrasen Medical College, Agroha. She is the richest woman in India. Following her husband’s death in a helicopter crash, she managed the business very well, and the business also grew under her leadership.
6. Radhakishan Damani- Net Worth- $ 18.9 billion USD & INR 1.5 Lakh Crore
The business magnate Radhakishan Shivkishan Damani is the founder of Avenue Supermarts Limited and most famously known as the retail king in India. When he started, he held a single supermarket in Mumbai, and now his retail chain has more than 221 DMarts stores. Mr Damani is also th owner of an investment firm, Bright Star Investments Limited. Moreover, he also owns stakes in the tobacco company VST and Indain Cements. He was ranked 98th on the list of the Bloomberg Billionaire Index.
7. Dilip Shanghvi- Net Worth- $ 17.3 billion USD & 1.4 INR Lakh Crore
Padma Shri awarded Dilip Shanghvi as the founder of a pharmaceutical company, Sun Pharmaceuticals. His company has now become the leading pharmaceutical supplier. In 2021 Shanghvi held the 14th rank on the list of the Richest Man in India. Currently, the businessman also invested in renewable energy and oil and gas.
8. Sunil Mittal and family- Net Worth- $ 14.8 billion USD & INR 1.35 Lakh Crore
Sunil Bharti Mittal, a renowned businessman and philanthropist, is the chairperson and founder of Bharti Enterprises. The business tycoon has an interest in real estate, telecom, malls, Agriculture and food, insurance, hospitality and other ventures. India’s biggest telecom company, Bharti Airtel, operate in 18 countries in Asia and Africa. He was also awarded the prestigious Padma Bhushan award in 2007.
9. Kumar Birla- Net Worth- $ 14 billion USD & INR 1.32 Lakh Crore
Kumar Mangalam Birla is the chairman and CA of one of the giant conglomerates in India, Aditya Birla Group. Birla became the chairman of Aditya Birla Group following the demise of her father and increased the turnover of the company from US$2 billion to US$45 billion in six years. Over 50 % of the company’s revenue is from overseas, which includes 36 countries. Multiple famous brands like Van Heusen, Allen Solly, Ultra Tech cement, and Pantaloons are owned by the company.
10. Lakshmi Mittal- Net Worth- $ 13.9 billion USD & INR 1.30 Lakh Crore
Indian Steel king Laxmi Niwas Mittal is the founder of Mittal Steels, the largest producer of steel in India. He is the executive chairman of the world’s second-largest steel manufacturing company, Arcelor Mittal. In 2005 Lakshmi Mittal was the third wealthiest person in the world on the Forbes list. By that time, he was the first Indian to come to the top 10 list of wealthiest people in the world.
I hope you are now aware of the Top 10 wealthiest men in India. If you want to ask anything regarding the topic, you are welcome to ask in the comment box. For more such updates, do visit our website frequently.
Source: NJCM India