India's rich list: Top wealth gainers & losers in last 5-7 years (2024)

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India's rich list: Top wealth gainers & losers in last 5-7 years

ET Bureau

Synopsis

The most notable change has been Sun Pharma's Dilip Shanghvi pipping Mukesh Ambani. The list has seen many additions and deletions.

India's rich list: Top wealth gainers & losers in last 5-7 years (1)ET Bureau

The list of India’s billionaires has seen a major shuffle in the last 5-7 years, the most notable change being Sun Pharma’s Dilip Shanghvi pipping Mukesh Ambani as the richest Indian. The list has seen many additions and deletions. Shanghvi’s personal wealth has risen from $1.27 billion in March 2005 to $23.12 billion currently, thanks to the stellar runup in Sun Pharma’s stock price.

Meanwhile, Mukesh Ambani’s wealth has declined from $35 billion to $22 billion in the past five years, as Reliance Industries’ shares have underperformed the benchmark indices for almost seven years. The most notable additions in the group have been of Gautam Adani, Uday Kotak and Lupin’s Desh Bandhu Gupta. Anil Ambani, DLF’s KP Singh and GMR’s GM Rao have lost wealth in the last few years because of the sharp decline in the stock prices of their companies.


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FAQs

How many billionaires are from India? ›

The Forbes World's Billionaires List 2024 featured 200 Indians, of which 25 were debutants. The list of Indian billionaires has grown from 169 in 2023 to 200 this year.

Who owns the most money in India? ›

Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 14 consecutive years. He is currently world's 10th richest person in the world according to Forbes.

Who is the richest family in India? ›

Mukesh Ambani, the richest person in India and 11th-richest person in the world, is kicking off pre-wedding celebrations for his son Anant this weekend. Mukesh Ambani is worth $121 billion per the Bloomberg Billionaires Index.

Who is India most valuable person? ›

Mukesh Ambani. Photo by World Economic Forum on Flickr. Mukesh Ambani, the chairman and managing director of Reliance Industries Limited, holds the title of India's richest person. Ambani also stands eleventh on the global billionaire list with a net worth of $109 billion (₹9.1 lakh crore).

Who is the Kerala richest man? ›

MA Yusuf Ali of the LuLu Group is the richest Malayali, bettering his rank to 344 in the world from the previous 497. Ali's net worth is $ 760 crore (Rs 63,080 crore), up from the $710 reported the previous year.

Who is the richest family in Asia? ›

The Ambani family, led by Mukesh Ambani, is the wealthiest in Asia with a net worth of approximately $90.7 billion. Their fortune originates from Reliance Industries, a conglomerate with interests in petrochemicals, refining, oil, telecommunications, and retail.

Who is the youngest billionaire in India? ›

Nikhil Kamath, India's youngest billionaire, leads the pack with a net worth of $3.1 billion, according to the Forbes Billionaires List 2024. Alongside him, his brother and Zerodha co-founder Nithin Kamath, and Flipkart co-founders Sachin and Binny Bansal, have also emerged as the country's youngest billionaires.

Where do most Indian billionaires live? ›

Mumbai. Mumbai, the financial capital of India, has the highest number of billionaires in India.

Who has more billionaires China or India? ›

China has 814 billionaires, the most in the world, according to the Hurun Global Rich List 2024.

Who is the richest Indian Canadian? ›

Prem Watsa CM (born 5 August 1950) is an Indian-Canadian billionaire businessman who is the founder, chairman, and chief executive of Fairfax Financial Holdings, based in Toronto. He has been called the "Canadian Warren Buffett." He was awarded the fourth highest civilian award of India, Padma Shri, in January 2020.

Who is the top 1000 richest man in India? ›

Mukesh Ambani, leads as the 1st in India, with $116.45B in Diversified sector. Followed by Gautam Adani, 2nd in India, making waves in Diversified at 19th globally, and Savitri Jindal & family, 3rd in India, contributing significantly to Metals & Mining at 33th globally.

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