If you’re searching to find out the exact number of billionaires in India, you couldn’t have landed in a better place than here. Do you know why? Because we have conducted thorough research in order to find out who are the most powerful billionaires in India.
India has 140 billionaires and over 700,000 millionaires.
When we’re talking about some of the richest people in India, we’re actually talking about some of the richest and wealthiest people in the world. People who can afford everything they want, which also makes them some of the planet’s most powerful individuals.
India’s wealthiest person is Mukesh Ambani, who is also the 10th richest person in the world.
After acquiring an impressive amount of wealth, with due diligence and smart investments you can simply make the money you have to bring you even more money. You will never have to work another day in your life if you don’t choose to, and you can simply enjoy your free time with friends and family.
However, being rich does not come without stressful times, as you can imagine. Leading some of the world’s largest corporations can be quite demanding, so being wealthy doesn’t necessarily mean that you’re relaxing all the time.
Jeff Bezos is the first person ever worth $200 billion.
As the author of the New York Times Bestseller “Rich Dad, Poor Dad”, Robert Kiyosaki says, “The poor and the middle-class work for money… the rich have money work for them.” And that’s how you make a statement. Wouldn’t you agree?
How Many Billionaires Are In India?
Billionaires tend to have everything working for them, and this is why we should run through some interesting stats about the wealthiest people in India, and even around the globe.
India has 140 billionaires. Is that impressive!
This places India on the number 3 spot when it comes to the number of billionaires by country, at a global level, after China and the United States. India is a very exclusive country, at the top of the rankings.
India’s first billionaire is Mukesh Ambani, who continues to reign supreme for the 13th consecutive year.
Mukesh Ambani tends to dominate India’s world’s richest people rankings, and he currently ranks as number 12 worldwide.
Let’s check out the TOP 10 countries based on the number of billionaires they have.
|Rank||Country||Number of billionaires||Number of billionaires per million people World|
These standings have been created by Forbes, based on data available as of March 2021.
Savitri Jindal is currently India’s richest woman topping the list at 9th position.
As opposed to many other countries, India has a pretty good ratio of wealthy women vs wealthy men. It proves to show you that things are moving in the right direction.
But it’s time to check out the rankings for the richest people in India, which will definitely blow your mind when you’ll see the huge amounts these billionaires have managed to acquire throughout their lifetime.
Top 10 Richest Person In India
In order to create a relevant TOP 10 of India’s richest people in 2021, we need to go over the Forbes billionaires index for the current year.
Now that we know the no of billionaires in India, we can go through these numbers provided by Forbes which reveal the names and the net worth of India’s richest people.
We’re going to see what India’s most powerful people do and how they compare to some of the world’s wealthiest people.
1. Mukesh Ambani
$88.9 billion is the total net worth of Mukesh Ambani, which makes him the most powerful individual in India and one of the most influential people in the world.
He owns the company Reliance Industries, which operates in petrochemicals, telecom, retail and many other profitable industries.
May 8, 1973 is the date of foundation for Reliance Industries.
The company was founded by Dhirubhai Ambani in Maharashtra, India.
INR 4.833 trillion ($68 billion) is the total generated revenue of the company in 2021.
Today, the company’s main headquarters are located in Mumbai, India.
2. Gautam Adani
$75.3 billion is the total estimated wealth of Gautam Adani, India’s second most richest person.
He owns Adani Group, which operates in commodities, ports, power generation and transmission, real estate, defense, airport and data center.
July 20, 1988 is the date of foundation for the Adani Group.
The company’s main headquarters are located in Ahmedabad, India.
3. Shiv Nadar
$22.5 billion is the net worth of Shiv Nadar, India’s 3rd richest person.
Shiv Nadar owns HCL Technologies, which operates in IT services and consulting.
INR 763.1 billion ($11 billion) is the total estimated revenue generated by HCL Technologies in 2021.
The company was founded on August 11, 1976, and its headquarters are located in Noida, India.
4. Lakshmi Mittal
$18.7 billion is the total net worth of Lakshmi Mittal, one of India’s most influential people.
He is the owner of ArcelorMittal, a world leader in steel production, trade, and manufacturing.
$53.27 billion is the total estimated revenue generated by the company in 2020.
ArcelorMittal is a multinational company with headquarters outside of India, in Luxembourg, Luxembourg, Europe.
5. Radhakishan Damani
$15.4 billion is the estimated net worth of Radhakishan Damani, who manages to land the last spot in the TOP 5 richest billionaires in India.
He owns Avenue Supermarts, DMart, which deals with investments and retail.
INR 249.3 billion ($3.5 billion) is the total revenue generated by Avenue Supermarts in 2020.
The group was founded on May 15, 2002, with headquarters in Mumbai, India.
INR 120.8 billion ($1.7 billion) as of 2020 is the value of the company’s total assets.
Currently, Avenue Supermarts has 221 locations.
6. Pallonji Mistry
$15 billion is the total net value of Pallonji Mistry, one of the most powerful figures in the country.
He owns the Shapoorji Pallonji Group, which works with constructions and real estate.
$2.5 billion is the total estimated annual revenue of the group.
Forbes described Shapoorji Pallonji Group as “one of India’s most valuable private enterprises.”
7. Hinduja brothers
$14.4 billion is the total wealth of the Hinduja brothers.
They own the Hinduja Group, which deals with trucks, lubricants, banking, cable television, and other related activities.
Hinduja Group is an Anglo-Indian transnational conglomerate enterprise and currently dominates over 11 sectors of activity.
These sectors are automotive, oil and specialty chemicals, banking and finance, IT and ITeS, cyber security, healthcare, trading, infrastructure project development, media and entertainment, power, and real estate.
8. Uday Kotak
$14.4 billion is the total net value of Uday Kotak, a very important Indian billionaire.
He owns the Kotak Mahindra Bank and is active, of course, in the Indian private banking sector.
Since May 1, 2018, Uday Kotak has been the company’s CEO.
The bank’s main headquarters are located in Mumbai, India.
71,000 is the total number of employees as of 2021.
The company was founded by Uday Kotak in February 2003.
9. Savitri Jindal
$14.2 billion is the total net worth of India’s richest woman, and one of the most impressive business women around the globe.
She owns the JSW Group and Jindal Steel & Power, which run companies from the steel, energy, cement, and infrastructure industries.
6,153 is the total number of employees of Jindal Steel & Power as of 2020ю
The company was founded by Om Prakash Jindal back in 1979, in Hisar, India.
INR 369.4 billion($5.2 billion) as of 2020 is the company’s annual generated revenue.
Today, the company is based in New Delhi, India.
INR: 897.4 billion ($13 billion) is the value of the company’s total assets as of 2020.
This makes Jindal Steel & Power one of the biggest conglomerates on the Asian continent.
10. Cyrus Poonawalla
$13.3 billion is the total net worth of Cyrus Poonawalla, who manages to grab the last spot in the TOP 10 richest billionaires in India.
He owns the Serum Institute of India and has made a fortune through vaccination.
The Serum Institute of India is one of the country’s most important institutes, especially since the COVID-19 pandemic kicked in at a global level.
These people are India’s richest personalities and each one of them has a unique story about how they’ve made their fortunes. Some had to work hard, some inherited the companies and the wealth, while others were just lucky.
No matter how you look at these standings, they are the people that make India work, and to get a better perspective about their wealth, we should see how the world’s wealthiest people are doing.
John D. Rockefeller from the United States of America became the world’s first official billionaire in 1916.
This is due largely to his ownership of Standard Oil, which basically had a monopoly on the nation’s oil trade and sales.
Jeff Bezos is the first person ever worth $200 billion.
This makes Jeff Bezos, Amazon Founder and CEO, the world’s richest person.
$151 billion is Elon Musk’s total net worth, which makes him the 2nd wealthiest person worldwide.
The CEO of Tesla & SpaceX manages to keep making headlines with his tweets and innovative products. Every time Elon Musk tweets about Bitcoin or cryptocurrency, the prices drop or skyrocket.
$150 billion is the net worth of Bernard Arnault, the Chairman and CEO of LVMH, the world’s largest luxury goods business, and President of its holding company, Christian Dior SE.
This makes Bernard Arnault the 3rd richest man in the world, surpassing one of the all-time greats, Bill Gates, who has a total net worth of “just” $124 billion.
The top 10% of the Indian population controls 77% of the country’s total wealth.
It means that 90% of India’s population has to struggle to make a living, and in some cases, even to survive.
73% of the country’s total wealth produced in 2017 went to the richest 1% in India.
Judging by the numbers, only 27% was left for the rest of the nation’s people.
67 million Indians saw only a 1% increase in their wealth.
Once again, this proves that the rich only get richer, while the poor struggle to surpass their condition.
177 is the numbers of Indian billionaires.
This number is constantly increasing with more and more large corporations passing the $1 billion checkpoint.
India produces 70 new millionaires every single day.
The statistics have shown that between 2018 and 2022, India has and will produce approximately 70 millionaires daily.
10x is the multiplication factor for the fortunes of India’s billionaires over a decade.
Their total net worths added up are higher than the total Union budget of India for the fiscal year 2018-2019.
$30 million in assets is considered the benchmark in India to be classified as a Ultra-High-Net-Worth-Individual (UHNWI).
Anyone that has a total net worth of over $30 million can consider themselves as part of the India-Super Rich class.
63 million Indians are pushed into poverty each year due to healthcare costs.
That amounts to approximately 2 individuals every second.
It takes 941 years for a minimum wage worker in rural India to earn what a top paid executive earns in just 1 year.
This is how high the discrepancy between pay in India has gone. It’s mind-blowing to see such high inequality between incomes.
India had approximately 700 000 USD millionaires at the end of 2020.
The numbers were in decline from 760 000 USD millionaires at the end of 2019.
What do these numbers say? What do they show and reveal about India’s social, political, and economic landscape? What direction is the country heading in, based on your opinion?
We’ve covered some of the most important facts and statistics regarding wealth in India, the number of billionaires, and the country’s most powerful and influential people.
Now let’s have a look at the wealthiest women in India. Who are they, what do they do, and what is their net worth?
So, we’ve gone through the India richest man list and we’ve found out who the richest man in India 2020 is (no surprise there, it’s Mukesh Ambani again, for the 13th consecutive time).
Indian Women Billionaires – 2021
$14.2 billion is the total net worth of India’s richest woman.
But what about the Indian women that have managed to carve a name for themselves as some of the richest people in the country and worldwide? Who are the TOP 10 richest women in India, and which ones have managed to go over the 1 billion net worth cap?
Let’s dig into the numbers below.
Top 10 Richest Women In India – 2021
1. Savitri Jindal
$14.2 billion is the total net worth of Savitri Jindal.
This makes her the richest woman in India and one of the richest women in the world.
JSW Group generated an annual revenue of 738.7 billion INR ($10 billion) in 2020.
JSW Group and Jindal Steel & Power are the companies owned by Savitri Jindal, which have companies activating in the following industries: steel, energy, cement, and infrastructure
Wealth Status: Increase
2. Smita V Krishna & Family
$4.7 billion is the total net worth of Smita V Krishna and her family.
They are the owners of the Godrej empire, which is a multinational conglomerate company.
$2.9 billion is the total market value of Godrej which makes it one of the most powerful enterprises in India and in Asia.
The company was founded back in 1963 by Ardeshir Godrej with its headquarters in Maharashtra, India.
3. Kiran Mazumdar-Shaw
$4 billion is the total net worth of Kiran Mazumdar-Shaw, which makes her the 3rd richest woman in India.
Her company Biocon is one of the most successful pharmaceutical companies in Asia.
Biocon was founded in 1978 and it now generates an estimated revenue of INR 48.85 billion.
As of 2020, the company had an estimated number of employees of over 11,000.
4. Leena Tewari
$3.4 billion is the total net worth of Leena Tewari, which makes her one of the most powerful business figures in India.
She owns one of the country’s biggest pharmaceutical companies.
USV Private Limited, owned by Leena Tewari, generates an operating revenue of approximately INR 500 cr.
This pharmaceuticals company was founded on 25 August 1961, in Mumbai, India.
5. Manju Deshbandhu Gupta & Family
$3.3 billion is the total net worth of Manju Deshbandhu Gupta and her family.
Her company, Lupin, makes her land the number 5 spot in the TOP 10 wealthiest women in India standings.
Lupin was founded in 1968 and currently generates an estimated 158.6 billion INR ($2.2 billion, as of 2020).
The company has a total number of employees of 18,302 according to the latest numbers provided in 2020.
6. Mallika Srinivasan
$2.45 billion is the total net worth of Mallika Srinivasan as of 2021.
She owns the company TAFE Limited, which is in the business of tractors and agro equipment.
TAFE Limited generated a total revenue of INR 93 Billion between 2014 and 2015.
The total number of employees is estimated to be between 5000-10000.
7. Radha Vembu
$1.7 billion is the total net worth of Radha Vembu, who is the owner of the Zoho Corporation.
She managed to produce such an impressive amount of money through software products and services.
With an estimated market value of anywhere between $5 billion to $15 billion, Zoho Corporation is one of the biggest and most important Asian software companies in the world.
It was founded in 1996 with zero external funds and it became profitable from day 1.
$500 million is the yearly estimated revenue for Zoho Corporation.
Over 5000 people are currently employed by Zoho Corporation.
8. GV Prasad & G Anuradha
$1.5 billion is the total net worth of GV Prasad & G Anuradha.
They own Dr. Reddy’s Laboratories brand, which is one of the biggest pharmaceutical chains in India.
As of 2020, the company generated an estimated revenue of 174.6 billion INR ($2.4 billion).
The company’s headquarters are located in Hyderabad, India.
Dr. Reddy’s Laboratories was founded back in 1984 by Kallam Anji Reddy.
Today, it has an estimated number of employees of 21,650, which is extremely impressive.
9. Kavita Yadupati Singhania & Family
$1.4 billion is the total net worth of Kavita Yadupati Singhania and her family.
They own JK Cement Ltd, which is one of India’s largest Cement and Constructions companies.
INR 4,956 ($67.46) is the stock value for 1 JK Cement Limited share, as of 15th September 2021.
This makes it one of the best investment opportunities in Indian stocks.
10. Anu Aga & Family
$1.1 billion is the total estimated wealth of Anu Aga and her family.
They own the company Thermax, which is one of the country’s biggest engineering companies, also involved in energy and the environment.
INR 55.02 billion ($770 million) is the total generated revenue in 2016, which is the latest available data for the company.
The company was founded in 1980 and has its main headquarters in Pune, India.
INR 62.36 billion ($870 million) is the total assets value of Thermax.
These numbers apply for 2016, according to the same financial report as stated above.
As you can see, there are a lot of women in India that have managed to break the $1 billion thresholds. By the way, the country’s economy is shaping out, a lot more women will break this landmark in the upcoming years.
Who do you think will be the next women that will make it in our top 10 wealthiest people in India list for 2022? What about in 2023?
If you were, to sum up, the number of billionaires in India, you would probably reach some very impressive numbers, as opposed to most countries around the globe. Given the fact that India is the second-largest country by population, it comes as no surprise that the nation has so many wealthy people.
Billionaires in India come from a large array of domains and industries. The country has such a rich tradition when it comes to wealthy families, that most of the richest people in India today can trace back their roots to the royal dynasties.
India will continue to produce billionaires and wealthy people because the country’s economy is constantly growing. Having an economy on the rise only leads to more and more rich people that will manage to make a fortune in India.
Who is your favorite billionaire from India? Which wealthy personalities do you admire? What are your business role models? Who’s story has impressed you the most out of India’s most powerful billionaires?