India is home to one of the largest populations of billionaires in the world, with over 160 individuals having a net worth of over $1 billion. The top 10 richest people in India have a combined net worth of over $300 billion, and they represent a wide range of industries, including technology, energy, telecom, and pharmaceuticals.
Everyone wants to have their own bungalow and live a luxurious life. In India, few people live luxurious lives. The richest people have their own bungalows, expensive cars, and many more. In this article, we are talking about the:
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Top 10 Richest People in India, According to The Forbes India Rich List 2023:
1. Mukesh Ambani (Net worth: $91.4 billion)
Mukesh Ambani is the chairman and managing director of Reliance Industries Limited, India’s largest private company. Reliance has interests in a wide range of industries, including petrochemicals, oil and gas, retail, telecom, and media.
Ambani is also the owner of the Indian Premier League cricket team Mumbai Indians.
” His property includes a house named Antlia House in Mumbai. Mukesh Ambani’s house cost 2 billion US dollars. It is the costliest private property in India. Mukesh Ambani is the owner of the Indian Cricket Mumbai team, which cost 120 million dollars. He has a private yacht that costs 120 million US dollars.
It is a luxurious yacht. He is the owner of the Hamleys brand, which costs 89 million US dollars. Mukesh Ambani has 3 helicopters and 4 private jets.
The total cost of jets and helicopters is 300 million US dollars. Mukesh Ambani has a collection of luxurious cars. He has 12 Mercedes bulletproof cars. Mukesh Ambani’s net worth is 8910 crores in US dollars.
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2. Gautam Adani (Net worth: $53.2 billion)
Gautam Adani is the chairman and founder of the Adani Group, one of India’s largest conglomerates. The Adani Group has interests in ports, logistics, renewable energy, power generation, and coal mining. Adani is among the India’s largest airport operator.
He is an entrepreneur, industrialist, and founder of the Adani Group. The flagship of the Adani Group is Adani Enterprises Limited. Adani Group is a multinational corporation whose headquarters are in Ahmedabad. This company is in three segments. He lives a luxurious life.
The world’s largest edible oil brand, named Fortune, comes under this company. His estimated net worth is Rs. 8850 crores (USD).
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2. Shiv Nadar (Net worth: $29.1 billion)
Shiv Nadar is the founder and chairman emeritus of HCL Technologies, one of India’s leading IT companies. HCL Technologies provides a wide range of IT services to clients around the world. Nadar is also a philanthropist and has donated heavily to education and healthcare initiatives in India.
He is a businessman and the founder of HCL Technologies. The HCL company was founded in the mid-1970s. HCL Technologies headquarters are in Noida. HCL Technology is an IT sector and technology company. He lives a luxurious life. Shiv Nadar is no longer the chairman of the board.
In place of his daughter, Roshni Nadar is now the chairperson. He has an extensive collection of all things opulent. His net worth is estimated to be $2.640 billion USD.
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4. Savitri Jindal & family (Net worth: $25.6 billion)
Savitri Jindal is the chairperson of the OP Jindal Group, one of India’s largest steel and power companies. She took over the group after the death of her husband, OP Jindal, in 2004. Savitri Jindal is among the richest women in India.
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5. Cyrus Poonawalla (Net worth: $20.0 billion)
Cyrus Poonawalla is the chairman and managing director of the Serum Institute of India, the world’s largest vaccine producer. The Serum Institute has played a vital role in the global fight against COVID-19. Poonawala is also one of the most respected philanthropists in India.
Cyrus Poonawalla is a businessman and the founder of the Serum Institute of India. This is a giant biotech company that manufactures vaccines. In the beginning, Cyrus Poonawalla worked in his father’s horse breeding business.
In 1966, he founded the Serum Institute of India, which manufactures vaccines in large quantities, such as tetanus anti-toxin, snake anti-venom, DPT vaccine, and MMR vaccine, and later, bacterial and viral infection vaccines such as combination vaccines and influenza vaccine.
In 2014, organisations started vaccine programmes on a large scale where international organisations like UNICEF, WHO, and PAHO used vaccines from the Serum Institute of India because they are Indian-made and cheap in comparison to other vaccines.
He lives a luxurious life. In 2016, this company manufactured the Rabi shield vaccine.
His net worth is estimated to be $1.630 billion USD.
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6. Dilip Shanghvi (Net worth: $18.7 billion)
Dilip Shanghvi is the founder and managing director of Sun Pharmaceutical Industries, India’s largest pharmaceutical company. Sun Pharmaceutical Industries is a global leader in generic drugs. Shanghvi is also a major investor in the Indian startup ecosystem.
He is a businessman and the founder of Sun Pharmaceutical Industries LTD. Sun Pharma is a multinational company and its headquarters are situated in Mumbai. This company sells API formulations primarily in India and the United States. 70% of its product sales are made in the United States.
It is the largest pharmaceutical company in India and the fourth-largest company in the United States. He has his own bungalow and expensive cars. He has a house in Surat. He has a Rolls-Royce ghost car. He also has an Audi 8 car. He lives a very expensive life.
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7. Radhakrishnan Damani (Net worth: $17.4 billion)
Radhakishan Damani is the founder and chairman of Avenue Supermarts Limited, which operates the DMart chain of supermarkets. DMart is one of the biggest and most popular supermarket chains in India. Damani is also a major investor in Indian stocks.
He is an investor and the founder of D Mart. He has invested in many companies. D Mart is a retail corporation that operates hypermarket chains all over India. Radhakrishnan Damani is an investor and businessman. He lives a luxurious life. The headquarters of D Mart is in Mumbai.
Shiv Nadar is a businessman and the founder of HCL Technologies. His net worth is estimated to be around Rs. 80,000 crores (US dollars).
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8. Kumar Birla (Net worth: $16.6 billion)
Kumar Birla is the chairman of the Aditya Birla Group, one of India’s largest conglomerates. The Aditya Birla Group has interests in a wide range of industries, including textiles, cement, metals, and financial services. Birla is also the owner of the Indian Premier League cricket team Rajasthan Royals.
He is a fourth-generation member of the Birla family. At present, the Aditya Birla Group is in many businesses such as carbon black, cement, chemicals, finance, mining, metals, retaliation, telecommunication, BP, textiles, wind power, etc. He lives a luxurious life.
This group is operated by 34 countries. This group currently employs 1 lac of 24000 people. He had a collection of expensive cars. His net worth is estimated to be around 1650 crores (approximately 1650 USD).
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9. Lakshmi Mittal (Net worth: $16.4 billion)
Lakshmi Mittal is the chairman of ArcelorMittal, the world’s largest steelmaker. Mittal was born in India but moved to the UK in the 1960s. He is now a UK citizen but has retained his Indian citizenship.
Lakshmi Mittal is a businessman and the CEO of Arcelor Mittal. Arcelor Mittal is the world’s top steel-making company. He lives a luxurious life. He was born on June 15, 1950. His birthplace is Rajasthan. In 1989, his father acquired a mill named Trinidad.
He has a 38 per cent stake in Arcelor Mittal’s company. He also owned a 28 per cent stake in Queens Park Rangers, a football club in London. He is also a member of Goldman Sachs’ board of directors. He has a costly bungalow.
” He lives a luxurious life. He has a jet and a yacht too. He is the palace’s owner. He is on the top list of the richest people in India. He has an extensive collection of all things opulent.
His net worth is estimated to be 1750 crores (approximately 1750 dollars).
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10. Uday Kotak (Net worth: $13.5 billion)
Uday Kotak is the managing director and chief executive officer of Kotak Mahindra Bank, India’s fourth-largest private sector bank. Kotak Mahindra Bank is a diversified financial services company with a presence in banking, investment banking, and asset management.
He is a banker, businessman, founder, managing director, and CEO of Kotak Mahindra Bank. Kotak Mahindra is a private-sector bank. Kotak Mahindra Bank is India’s third-largest bank. He lives a luxurious life.
This bank has more than 1600 branches and approximately 2,519 ATMs. He has amassed quite a collection of opulent items. His net worth is estimated to be around $1550 million USD.
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The Rise of Indian Billionaires
The top 10 richest people in India have played a significant role in the country’s economic development. Their businesses have created millions of jobs and generated billions of dollars in revenue for the Indian economy. They have also invested heavily in social welfare initiatives, such as education and healthcare.
The number of billionaires in India has grown rapidly in recent years. In 2003, there were only 10 billionaires in India. By 2023, the number of billionaires in India had grown to over 160. There are a number of factors for this growth happening in India, including:
- India’s strong economic growth:
India’s economy has grown at an average rate of over 7% per year in the last two decades. This has created a large pool of wealth and opportunity for entrepreneurs.
- Economic reforms:
In the early 1990s, India undertook a series of economic reforms that liberalized the economy and opened it up to foreign investment. This led to a surge in economic activity and created new opportunities for businesses to grow.
- Growth of the services sector:
The services sector has been the fastest-growing sector of the Indian economy in recent years. This sector has created a large number of high-paying jobs and has helped to boost the incomes of many Indians.
- Favourable government policies:
- The Indian government has implemented a number of policies that have supported the growth of businesses. These policies include tax breaks, subsidies, and infrastructure development.
- Rise of the middle class:
- The Indian middle class has grown rapidly in recent years. This has created a large domestic market for goods and services.
- Entrepreneurial spirit:
Indians have a strong entrepreneurial spirit. This has helped to fuel the growth of businesses and the creation of new wealth.
The rise of Indian billionaires is a testament to the country’s economic progress. It is also a sign of the opportunities that exist in India for entrepreneurs and investors.
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Richest People in India: FAQ
How many rich people in india
India has 140 billionaires which put country third in the list of richest countries in the world. First richest country is United States and second is China.
Where do rich people live in india
1. Mumbai is the most preferred home for India’s biggest wealth creators with almost 25 per cent.
2. New Delhi comes second for India’s biggest wealth creators.
3. Bengaluru comes third for India’s biggest wealth creators.
Are people earning 1 lakh per month rich in india
No
Rich is a big word. You are not rich if you are earning 1 lakh per month if you have family. Then you have expenses of school fee, bills and maintenance charges to pay.
When you have less responsibility in terms of wife & childrens. You can live a good life in 1 lakh per month.
Do rich people migrate to the us india
Most of
As per a report from Morgan Stanley Bank in 2020 about 5,000 millionaires have been shifted from India. And in 2018, 23,000 Indian millionaires had left the country.
How do rich people in india live
1. Some go to spiritual leaders in the search for happiness.
2. Few help the poor and needy.
3. Many control people with the help of their money.
4. Few control the Government and laws and regulations.
5. They do everything what all other humans can do
How rich people avoid tax in india
1. Gift money to your major children and Save tax on Future Income.
2. Use education loan to lower tax for your Children in Future
3. Take unlimited deductions for your second home loan interest payment
4. Claim stamp duty and registration fees in 80C.
5. Get deduction for rent even without HRA.
6. Declare your losses in tax return to save tax in future.
7. Buy House with Parent or Siblings as joint-owners.
How to meet rich people in india
1. Join a expensive country club.
2. Visit regularly a very expensive hotel or resort.
3. Visit regularly a very expensive department store.
4. Work at Chanel, Tiffany or Hermes.
5. Apply for job as the staff member of very rich families. 6. Go to business conventions.
7. Work at retail stores near very high income neighborhood.
What do rich people eat in india
In india rich people eat two type of food.
1. Very elaborated meals, consisting of many dishes. Most of the dishes are high in fat and sugar.
2. Very healthy meals, consisting of dishes in small portion sizes. Most of the dishes are high in zero fat and no sugar food.
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