Forbes Magazine has revealed its highly anticipated annual list of the wealthiest Indians for 2024. This year’s list features an impressive 200 Indian tycoons, a significant increase from 169 in 2023. Collectively, these individuals boast a combined net worth of $954 billion, reflecting a 41% rise from the previous year’s $675 billion. The financial figures cited are accurate as of March 8, 2024, based on Forbes' assessments.
Top 10 Wealthiest Indians
1. Mukesh Ambani – Net Worth: $116 billion
Mukesh Ambani, chairman and principal stakeholder of Reliance Industries Limited, tops the list with a staggering net worth of $116 billion. Under his leadership, Reliance has diversified into sectors such as petrochemicals, oil, natural gas exploration, telecommunications, and retail.
2. Gautam Adani – Net Worth: $84 billion
Leading the Adani Group, Gautam Adani has built a conglomerate with interests in ports, airports, power generation, transmission, and renewable energy, cementing his place as one of India’s most prominent industrialists.
3. Shiv Nadar – Net Worth: $36.9 billion
The founder of HCL Technologies, Shiv Nadar, is a key figure in the IT industry. After establishing HCL in 1976, his daughter, Roshni Nadar Malhotra, has taken over as the company’s chairperson.
4. Savitri Jindal – Net Worth: $35.5 billion
India’s wealthiest woman, Savitri Jindal, ascends to the fourth spot this year, primarily due to her family’s thriving steel and power conglomerate.
5. Dilip Shanghvi – Net Worth: $26.7 billion
Dilip Shanghvi, founder of Sun Pharmaceutical Industries, has elevated the company to global prominence, making it one of the world’s largest pharmaceutical manufacturers.
6. Cyrus Poonawalla – Net Worth: $21.3 billion
Known for founding the Serum Institute of India, Cyrus Poonawalla has been instrumental in vaccine manufacturing and addressing global healthcare challenges.
7. Kushal Pal Singh – Net Worth: $20.9 billion
Chairman of DLF Limited, Kushal Pal Singh is a leading figure in India’s real estate sector.
8. Kumar Birla – Net Worth: $19.7 billion
Kumar Mangalam Birla heads the Aditya Birla Group, a multinational conglomerate with diversified interests across industries and geographies.
9. Radhakishan Damani – Net Worth: $17.6 billion
Radhakishan Damani is the founder of Avenue Supermarts Limited, the parent company of the successful retail chain, D-Mart.
10. Lakshmi Mittal – Net Worth: $16.4 billion
Lakshmi Mittal, chairman and CEO of ArcelorMittal, leads the world’s largest steel manufacturer. Originally from India, Mittal is now a British citizen.
Surge in Wealth and Economic Influence
This year’s Forbes list not only highlights the immense wealth amassed by India’s top business magnates but also underscores their influential roles in shaping the economy. With an impressive 41% growth in combined net worth compared to 2023, these individuals continue to contribute significantly to industries such as technology, pharmaceuticals, real estate, and renewable energy.
The Forbes 2024 India’s Richest List exemplifies the evolving dynamics of wealth and business in the country, offering insights into the industries driving economic growth.
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