Forbes has released the “India 100 list 2024” featuring some of the country’s most powerful business tycoons. As expected, Mukesh Ambani leads the list with a whopping net worth of $119.5 billion, followed closely by Gautam Adani and family in second place with a net worth of $116 billion. The list also includes prominent figures like Savitri Jindal and other renowned business leaders like Kumar Birla and Cyrus Poonawalla.
According to Forbes, the collective worth of India’s 100 richest tycoons surpassed a trillion dollars, setting a new record. Their collective wealth saw a remarkable increase of 40% from $799 billion in 2023, driven by the robust performance of the stock market, with the BSE Sensex gaining 30% compared to last year. Discover the list of top Indian billionaires here.

Source: Forbes

Richest Indian tycoons in 2024

Mukesh Ambani

With a net worth of $119.5 billion, Mukesh Ambani, chairman of Reliance Industries, leads one of the world’s largest conglomerates, spanning petrochemicals, refining, telecom, and retail. His leadership in expanding Jio has revolutionised India’s telecom industry, making him the richest person in Asia.

Gautam Adani and family

Gautam Adani, with a $116 billion fortune, oversees the Adani Group, a powerhouse in ports, energy, and infrastructure. Despite recent setbacks, his rapid growth in sectors like green energy, airports, and logistics has solidified his position among the world’s wealthiest, with a vast diversified portfolio.

Savitri Jindal and family

Savitri Jindal, India’s richest woman, boasts a net worth of $43.7 billion. Chairing the Jindal Group, her family empire spans steel, power, and mining. The business continues to thrive under her leadership, making her a prominent figure in the global metals and mining industry.

Shiv Nadar

With a $40.2 billion fortune, Shiv Nadar co-founded HCL Technologies, making him a pioneering figure in India’s IT sector. HCL, a global IT services giant, has grown exponentially under his vision, and Nadar’s philanthropic initiatives in education further amplify his influence.

Dilip Shanghvi and family

Dilip Shanghvi, with a $32.4 billion fortune, is the founder of Sun Pharmaceuticals, India’s largest pharmaceutical company. His strategic acquisitions and focus on specialty generics have made him one of the most influential figures in global healthcare, driving Sun Pharma’s growth.

Radhakishan Damani and family

Radhakishan Damani, valued at $31.5 billion, is the founder of DMart, India’s popular retail chain. Known for his low-profile, Damani’s success in the retail sector, combined with investments in real estate and stock markets, has made him one of India’s wealthiest entrepreneurs.

Sunil Mittal and family

Sunil Mittal, with a $30.7 billion net worth, is the founder of Bharti Airtel, one of the world’s largest telecom operators. His role in revolutionising India’s mobile network, alongside ventures in banking and satellite communications, cements his position as a global telecom tycoon.

Kumar Birla

Kumar Birla, chairman of the Aditya Birla Group, holds a $24.8 billion fortune. His diversified business empire spans cement, metals, telecom, and financial services. Birla’s strategic leadership has expanded the group’s global presence, ensuring its standing as one of India’s top conglomerates.

Cyrus Poonawalla

Cyrus Poonawalla, with a net worth of $24.5 billion, leads the Serum Institute of India, the world’s largest vaccine producer. His company played a crucial role during the pandemic, making Poonawalla a prominent figure in global healthcare, known for life-saving vaccine innovations.

Bajaj family

The Bajaj family, worth $23.4 billion, oversees a diversified conglomerate spanning two-wheelers, finance, and electrical appliances. Bajaj Auto, a leader in motorcycles, and Bajaj Finserv, a major financial services provider, represent their key assets, making them one of India’s most influential business families.