Top 10 Richest Man in India
Have you ever considered who the richest people are that are shaping the Indian economy? Well! It’s a matter of interest and indeed, the answer would be of great help to you.
Given its fast-growing economy and numerous opportunities that have opened up over the years, these individuals not only have amassed enormous wealth but also become iconic figures in the country.
According to Forbes’ Billionaires List of 2021, India has more than 140 billionaires, which is the third highest in the world after United States and China.
These billionaires span across various industries like technology, finance, manufacturing, and entertainment demonstrating a wide range of sectors that have played a part in India’s economic development.
Lets Take a Quick Example:
Get a better view of Ritesh Agarwal. You might have seen him on Shark Tank and he is the founder and CEO of OYO Rooms. Ritesh Agarwal was just 18 when he had the vision to change India’s budget hotel industry and turned this vision into reality by starting OYO Rooms.
With his net worth exceeding $1 billion, he becomes not only one of the youngest self-made billionaires in India but also a typical case of the entrepreneurial spirit that drives India’s economy. But that is not all; the list of top 10 richest man is too long to explore here.
The blog will introduce you to the top 10 richest man in India, with projections on their rankings for 2024 based on current trends and estimates.
List Of Top 10 Richest Men In India
Now we are going to explore the list of top 10 richest man in India. Whose dedication has made them capable in the name of a famous person.
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Mukesh Ambani
Mukesh Ambani, the chairman and principal shareholder of Reliance Industries Limited, will likely be the richest man in India by 2024 with an approximate net worth of over $100 billion. Ambani’s primary source of income is from Reliance Industries, a conglomerate which is into petrochemicals, refining, telecommunications and digital services. His accomplishments include making Reliance Industries an international player and starting Reliance Jio, India’s biggest telecommunications network.
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Gautam Adani
Gautam Adani, the owner of Adani Group, has observed an extraordinary wealth increment in recent years. His conglomerate has business in several sectors such as ports, logistics, power generation and renewable energy. Adani’s accolades involve setting up of Mundra Port, India’s largest commercial port and on-going development of Vizhinjam International Deepwater Multipurpose Seaport. With his ventures in sectors like airports and renewable energy, he is seen to go past $100 billion in net worth.
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Shiv Nadar
Shiv Nadar, the initiator of HCL Technologies, has been one of the most influential factors in the development of India’s IT sector. HCL Technologies is among the top IT services companies in India offering software development, research, and technology consulting. His other achievements are transforming HCL into a globally recognized brand and launching Shiv Nadar Foundation, which concentrates on education and rural development. By 2024 he will be worth more than $40 billion.
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Radhakishan Damani
Popularly known as the “Retail King” of India, Radhakishan Damani makes most of his wealth from his retail chain “D-Mart.” D-Mart is recognized for providing superior quality products at unbeatable prices. The accomplishments of Damani also involve the fast paced growth of D-Mart with its stores in several cities across India. His income source from D-Mart is expected to drive his net worth above $30 billion, which will cement his position among the top richest man in India.
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Lakshmi Mittal
Lakshmi Mittal, the chairman and CEO of ArcelorMittal, based in the United Kingdom, has significant investments and interests in India. ArcelorMittal is the leading steel producer globally. Among Mittal’s accomplishments is the triumphant unification of Arcelor and Mittal Steel to create the world’s largest steel producer. He was also a key player in bringing back Essar Steel from its distressed state. Despite his wealth almost hitting $20 billion, he still remains one of India’s most prominent figures in business.
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Cyrus Poonawalla
Cyrus Poonawalla built his wealth on the Serum Institute of India, the world’s leading vaccine maker by volume. Poonawalla’s accomplishments involve the production of low cost and life-saving vaccines, particularly in the case of COVID-19. The Serum Institute of India has been a major player in vaccine production for the purpose of global immunization. Given the everlasting importance of vaccines and ambitious expansion plans by Poonawalla, his net worth is forecasted to exceed $15 billion.
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Pallonji Mistry
Pallonji Mistry, an Irish citizen of Indian descent, is the principal owner of Tata Sons, the parent company of Tata Group. Tata Group is a conglomerate with varied business interests such as Tata Motors, Tata Steel and Tata Consultancy Services among others. The main achievements of Mistry include his strategic investments and decision-making that have been vital in the development and internationalization of the Tata Group. It is anticipated that his net worth will be over $15 billion by 2024.
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Gopikishan Damani
Gopikishan Damani, the brother of Radhakishan Damani, is a major figure in the business world of India. He has been instrumental in the success of D-Mart, the retail chain that his brother founded. His wealth also includes income from his investments in stock market. Gopikishan Damani is famous for his brilliant investment plans which will make him have a net worth of over $10 billion by 2024.
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Savitri Jindal
The chairperson of the Jindal Group, Savitri Jindal manages a conglomerate with interests in steel, power, cement and infrastructure. She is best known for her achievements in leading her group to become one of the major players in the steel industry. Jindal’s net worth is anticipated to be over $10 billion by 2024. Her business community recognizes her leadership skills and philanthropic efforts are what earned her respect among them.
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Cyrus Pallonji Mistry
Cyrus Pallonji Mistry, the son of Shapoorji Pallonji Mistry and brother to Pallonji Mistry, has stakes in various Tata Group companies. Although he had a rather controversial tenure as the chairman of Tata Sons, Mistry has not stopped growing his wealth through strategic investments. His accomplishments are exemplified by his investment acumen and contribution to the growth of the Tata Group. With an estimated net worth of $9 billion, he takes the last spot on our list.
Wrapping Up…
So these are the top 10 richest man in India who are making their money from different sectors while it looks like a game of monopoly; however we should not lose sight of the fact that their impacts on Indian economy cannot be overlooked.
The tycoons mint money at an amazing speed leaving one amazed at how fast it happens; we can only conclude that their influence in business is far from being over if this is anything to go by. So hang on entrepreneurs because for Indian business you will need to be innovative, have grit and luck.
Also Read: Richest YouTubers in India
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