NEW DELHI, INDIA - JUNE 3: From left to right: Tata Steel Managing Director T. V. Narendran, Kotak Mahindra Bank CEO Uday Kotak, CII President Vikram Kirloskar and CII Director General Chandrajit Banerjee, during the launch of CII's 100 days agenda for the new government, on June 3, 2019 in New Delhi, India. (Photo by Ramesh Pathania/Mint via Getty Images)

INDIA’S TOP RICHEST BILLIONAIRES 2022; their source of wealth.

It is estimated that the total number of billionaires has risen to 166 in India. Initially, it was at 144. There are wealthy giants who have always maintained the top 3 list, Truly, the likes of Mukesh Ambani have retained the top three position with a net worth of 96.5 billion USD and his company being India’s most valuable company by market value.

Gautam Shantilal Adani falls in line, an infrastructure and commodities mogul. Adani’s wealth has exceeded $100 billion and his net worth is estimated to be $94.6 billion according to Forbes.He is widely known to be an industrialist and philanthropist.Indian IT pioneer Shiv  Nadar comes third with an estimated network of 28.7 billion USD.

Let’s look at the top 10 richest tycoons India:

Mukesh Ambani

MUMBAI, INDIA – MARCH 11 : Neeta Ambani, Mukesh Ambani,Anant Ambani and Isha Ambani attend the IPL opening celebration on March 11, 2010 in Mumbai, India. (Photo by Prodip Guha/Getty Images)

Net worth:$96.5 billion

Assets: Shareholder and managing director of Reliance industries ltd

City: Mumbai

Biography: Mukesh Ambani is the managing director and the largest shareholder of Reliance industries ltd , his company has interests in oil and gas, petrochemicals, Telecom and retail. Ambani whose full name is Mukesh Dhirubhai Ambani has been recognized for creating the world’s largest start-up petroleum refinery. He is the world’s most respected business leaders.

In 1975, he joined Reliance as a part of his father Dhirubhai’s plans to take over the company from his mother Kokilaben. His paternal grandfather Damodhar died in a car accident, and after his death the family were left with two companies. He took over Reliance Industries on 24 July 1995.

He is married to Nita Ambani and has three children: Anisha, Akash and Isha Ambani.

He has been listed among The World’s 100 Most Powerful People for thirteen years since 2006. Ambani was also ranked #33 on Forbes list of world billionaires in 2019. He was born on 19 May 1957 to Dhirubhai Ambani and Kokilaben Ishwarbhai Patel in Mumbai.

Gautam Adani

Chairperson of Indian conglomerate Adani Group, Gautam Adani delivers his speech during the inauguration 6th the Bengal Global Business Summit (BGBS) in Kolkata, India, Wednesday , On April 20,2022. (Photo by Debajyoti Chakraborty/NurPhoto via Getty Images)

Net worth:$94.6 billion

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Assets: Infrastructure, Commodities, Self-made

City: Ahmadabad

Biography: Gautam Adani is an Indian businessman and the chairman & CEO of Adani Group, a private conglomerate based in Ahmedabad, Gujarat.
The company has 30,000 employees and operates in the energy, resource and logistics sectors. The company’s main business segments are natural resources (coal mining), logistics (ports) and power generation. His net worth is $2 billion as of 2016.

He was born in 1967 in Ahmedabad, India. His father, Shantilal Adani (d. 1996) was a businessman and his mother, Shantiben Adani was a founding member of the Parents Teachers Association (PTA). He has a younger brother, Kamal Kant Adani and a sister Vanisha. He is married to Priya and has three children – two sons named Ruchir and Kunal and one daughter named Radhika.

He is an MBA from the Wharton School of the University of Pennsylvania. Gautam Adani also holds a bachelor’s degree in electrical engineering from Gujarat University.

Gautam Adani joined the family business, Adani Group in 1989 after graduating from Wharton and worked in Africa, Philippines and Dubai. When his father died in 1996, he took over as CEO of the company at age 29.

SHIV Nadar

INDIA – OCTOBER 10: Shiv Nadar Founder, Chairman and CEO – HCL Technologies Ltd, at office, in Noida, India. Potrait (Photo by Ritesh Sharma/The The India Today Group via Getty Images)

Net worth:$28.7 billion

Assets: Software services

City: Delhi

Nadar is an Indian IT pioneer who is the co-chairman of HCL Technologies ltd and the Shiv Nadar foundation, where his efforts to develop the educational system of India has been recognized.

Cyrus Poonawalla

Net Worth:$25 billion

PUNE, INDIA NOVEMBER 11: Cyrus Poonawalla, Chairman of Serum Institute of India Limited on November 11, 2007 in Pune, India. (Photo by Madhu Kapparath/Mint via Getty Images)

Assets: Chairman and managing director of the Cyrus Poonawalla group

City: Pune

Cyrus Poonawalla is an entrepreneur and philanthropist. Cyrus is the founder of Mumbai-based Serum Institute of India, a CLIA certified laboratory that focuses on research, development, manufacturing and marketing of high quality recombinant human serum albumin for therapeutic medical use.

Cyrus Poonawalla has also been recognized for his philanthropy with Forbes naming him one of their 30 Under 30 in the world.
He is the youngest Indian to make this list, making him 36 years old at time of writing this article.

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Cyrus Poonawalla is the recipient of many industry awards for high achievement in the field of biotechnology.

Poonawalla’s holdings based in the United States and India include a majority stake in Serum Institute of India Ltd., a CLIA certified bio-reagent and pharmaceutics company, while he remains Chairman. Cyrus is also Chairman Emeritus of Sandoz Pharmaceuticals, Inc., a global pharmaceutical company headquartered in Switzerland.

Radhakishan Damani

Net Worth:$19.5 billion

Assets:Investments and Retail

City: Mumbai

Damani is a stock market investor who holds stakes in renowned companies. It is estimated that his stock value stands at 16 Billion USD. He also owns Dmart stores across India which have grown rapidly over the years.

He is the founder and chairman of D-Mart and pioneered the first discount store in India. Damani has been listed in Forbes Asia’s “India’s 25 Most Powerful People” for two consecutive years, 2013 and 2014.

He started his career as a shop assistant with a textile company that was later taken over by his father-in-law, Kishanchand Parikh. Parikh used to buy and sell garments for a living. With time, he expanded into antiques and other materials before the business failed in the early 1980s.

Damani’s mother-in-law suggested that he start an apparel shop to make use of his friend’s idle capacity. He started off with an investment of Rs 10,000.

In 1991, he opened his first store called Daman Fashions. But after only a month, his friend backed out. He then decided to start on his own and borrowed money from relatives to open another shop in the same location. His friend again backed out and this time Damani’s father-in law stepped in and paid back the loan.

D-Mart was launched in 1997 when it opened its first store at Dadar, Mumbai.

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Lakshmi Mittal

GIJON ASTURIAS, SPAIN – JULY 13: ArcelorMittal Chairman Lakshmi Mittal speaks at the presentation of the decarbonisation roadmap for steelmaking at the ArcelorMittal factory on 13 July 2021 in Gijon, Asturias, Spain. (Photo By Jorge Peteiro/Europa Press via Getty Images)

Net worth:$18.8 billion

Assets: Steel

City: London

Lakshmi Mittal is the executive chairman of ArcelorMittal,the world’s largest steelmaking company. He is also the head of stainless steel manufacturer Aperam.The company registered a high net profit in 2021 estimated to be at 14.5 billion USD.

Savitri Jindal

NEW DELHI, INDIA – JUNE 9: Savitri Jindal, Non-Executive Chairperson, Jindal Steel & Power Limited, during election campaign on November 12, 2009 in New Delhi, India.  (Photo by Rajkumar/Mint via Getty Images)

Net worth:$18.6 billion

Assets: Steel

City:Hisar

Savitri Jindal is known as the richest woman in India. At 72 years of age she is the chairwoman of O.P. Jindal group succeeding after his husband’s death. She also the president of Maharaja Agrasen Medical College, Agroha.

Kumar Birla

Net worth:$17.5 billion

Assets:HNDL IN Equity

City:Mumbai

Kumars wealth is mainly derived from his possession of Aditya Birla group which is a premium global conglomerate. The group is built on a strong foundation of stakeholder value creation. It has ventured into a variety of sectors-metal, fiber and pulp, chemicals, textiles, carbon black, telecom, cement, financial services, fashion retail and renewable energy.

Dilip Shanghvi

Dilip Shanghvi, chairman and founder of Sun Pharmaceutical Industries Ltd., poses for a photograph in Mumbai, India, on Thursday, May 2, 2019. Photographer: Kanishka Sonthalia/Bloomberg via Getty Images

Net worth:16.4 billion USD

Assets:Pharmaceuticals

City:Mumbai

Dilip Shanghvi is the founder of sun pharmaceuticals industries that make psychiatric drugs.The company profits a lot from oversees markets and is India’s most valuable company with an annual net revenue of 4.3 billion USD.

Net worth :14.5 billion USD

Uday Kotak

Uday Kotak, billionaire and chairman of Kotak Mahindra Bank Ltd., poses for a photograph following a Bloomberg Television interview on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 23, 2018. World leaders, influential executives, bankers and policy makers attend the 48th annual meeting of the World Economic Forum in Davos from Jan. 23 – 26. Photographer: Simon D

Assets: Banking

City: Mumbai

Uday Kotak is a self-reliant banker, he is the owner of Kotak Mahindra Bank which is an Indian banking company having it’s headquarters in Mumbai.

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