Top 10 Billionaires in India
Many billionaires, including some of the wealthiest persons in the world, have come from India. Indian billionaires have significantly aided the growth of the country's economy. They have backgrounds in many different industries. Wealth will constantly shift in the face of volatile market conditions because most billionaires invest their fortunes in publicly traded securities. This article will present the most recent list of the top 10 Indian billionaires, according to Forbes' magazine "The World's Real Time Billionaires 2022."
1. Gautam Adani and family
The richest persons in India are Gautam Adani and his family, who have a staggering net worth of $135.8 billion. Gautam Adani has administrative responsibility over Mundra, Gujarat's principal port. The Adani Group invests in several industries, including infrastructure, electricity generation, transmission, real estate, and agriculture. Adani acquired a 74% share in Mumbai International Airport, the country's second busiest airport, in September 2020. The Australian coal mining project Abbot Point is also owned by Adani.
2. Mukesh Ambani
Mukesh Ambani will be the tenth richest person in the world in 2022, with a net worth of $91 billion. Oil and gas, retail, telecoms, and petrochemicals are just a few industries in which Reliance Industries' founder and chairman have investments. Reliance's 2016 introduction of 4G phone services in India's telecom sector triggered a price war that put some networks out of business and produced powerful twisters. Mukesh Ambani raised more than $20 billion by selling a third of Jio to buyers like Google and Facebook during the COVID-19 lockdown.
3. Shiv Nadar
Shiv Nadar, a cofounder of HCL, is rated third among India's wealthiest billionaires, with an estimated net worth of $25.5 billion in 2022. HCL started to make microprocessors and calculators in 1976, and with$102 billion in revenue, it is now one of the country's most significant software service providers. One hundred sixty-nine thousand individuals work at HCL Technologies in 50 different nations. In 2020, with Shiv Nadar's resignation, his daughter assumed leadership of HCL. Shiv Nadar is the chairman emeritus at the moment. He is a well-known philanthropist in the country and has contributed the Shiv Nadar Foundation more than $662 million to fund initiatives linked to education.
4. Cyrus Poonawalla
Cyrus Poonawalla will rank fourth among India's wealthiest people in 2022, with a net worth of $21.6 billion. He founded the Serum Institute of India in 1966, which today produces more vaccine doses than any other business in the world. The company makes several polio, flu, and measles vaccinations in dosages of over 1.5 billion. Serum, his son Adar's CEO, has also committed almost $800 million to construct a new factory producing Covid-19 vaccines.
5. Radhakishan Damani
Radhakishan Damani ranks fifth among India's wealthiest people, with a net worth of $17.7 billion. He was the Avenue Grocery champion just before the supermarket chain finished the I|PO in March 2017, at which point he was named the country's retail king. He opened his first food store in a Mumbai village to start his retail career, and over 221 DMart outlets are now part of the countrywide retail chain. He is the owner of the well-known coastal Radisson Blu Resort in Alibag, India, which has 156 rooms. Damani also makes investments in businesses like VST Tobacco and India Cements.
6. Savitri Jindal and family
Savitri Jindal and her family rank sixth among India's wealthiest people, with a combined net worth of $17.3 billion in 2022. Power, cement, infrastructure, and steel are among the industries in which the Jindal Group has interests. The Jindal Group was created by Om Prakash Jindal, whose wife, Savitri Jindal, currently serves as group chairman. The group's businesses were divided among Om Prakash Jindal's four sons after his death in a helicopter crash in 2005.
7. Dilip Shanghvi
In 2022, Dilip Shanghvi will rank seventh among the wealthiest people in the nation due to his $16.2 billion net worth. His father handed him $200 in 1983 to start the psychiatric medicine production company Sun Pharma. With$4.5 a billion yearly revenue, the company is currently one of the leaders in the nation for pharmaceutical supply. Sun Pharma developed through several acquisitions, with the most prominent in 2014 when it paid $4 billion to acquire Ranbaxy Laboratories. Shanghvi has recently invested in renewable energy and oil and gas.
8. Lakshmi Mittal
Lakshmi Mittal ranks eighth on the list of richest Indians in 2022, with a net worth of $15.9 billion. He serves as chairman of ArcelorMittal, which produces more steel and mining than any other firm in the world and has annual sales of $53.3 billion. Essar Steel, once under the hands of billionaires Ravi Ruia and Shashi, was bought by Arcelor and Nippon Steel in 2019. Lakshmi Mittal continues to serve as Arcelor Mittal's executive chairman while handing over the company's CEO tasks to his son Aditya Mittal.
9. Sunil Mittal and family
The owner of India's second-largest telecom firm is Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises and a first-generation businessman. In terms of wealth in India, Sunil Mittal ranks ninth with a net worth of $15.7 billion. The Bharti Foundation, run by Mittal, the charitable arm of Bharti Enterprises, is well known for promoting education in India.
10. Kumar Birla
Kumar Birla is the 10th wealthiest person in India, with a net worth of $15.1 billion. He is the leader of the Aditya Birla Group, which earns $46 billion in sales annually, and is known as the "king of commodities." The company also provides banking and communications services, and aluminium and cement are other investments it owns. After Kumar Birla left his position as chairman of the insolvent Vodafone India in August 2021, Idea Cellular and Vodafone India merged in 2018.