Top 10 Richest People in the Year 2022

India's top two billionaires have successfully positioned themselves among the world's top ten richest billionaires. And it's been over a year, indicating that the country now has a record number of billionaires and industrialists. Despite the COVID-19 Pandemic causing havoc on common Indians, a few were able to greatly increase their fortune during this time. The number of billionaires in the nation has increased by 18.5%. Mukesh Ambani and Gautam Adani have risen to prominence as industrialists, while Cyrus Poonawalla's Serum Institute of India has become the country's largest producer of Covid-19 vaccines, earning a fortune.

1. Uday Kotak

Net worth: $14.2 billion (as of November 2022)

Age: 63

Banking is a source of wealth

Uday Kotak, the Indian billionaire and Founder and Managing Director of Kotak Mahindra Group, is a well-known figure who is admired by many across the country. He was born in Mumbai in 1959 to an upper-middle-class Gujarati Lohana joint family. He built his career as a cricketer, but an immediate surgery ended his cricket dreams. Regaining hope, he embarked on his entrepreneurial journey by establishing his finance and bill discounting business with seed capital borrowed from friends and family. Because Anand Mahindra provided the majority of the investment, he named his company 'Kotak Mahindra. 'According to the recent reports Kotak Investment intends to complete its fundraising by the end of this year and to begin investing in residential real estate in India's top five cities in 2023.

2. Lakshmi Mittal

Net worth: $14.6 billion in net worth (as of November 2022)

Age: 72

Steel is a source of wealth

Lakshmi Narayan Mittal is an Indian billionaire and the Executive Chairman of ArcelorMittal, the world's leading steel and mining company. He was the company's CEO until February 20, 2021. He was born in the Indian state of Rajasthan in 1950. He started his career in his family's steelmaking business in India before moving to Indonesia in 1976 to establish a small steel company that grew to become today's widely known ArcelorMittal. In 2008, the President of India bestowed the Padma Vibhushan, India's second-highest civilian honour, on him. Lakshmi Mittal founded a small company in Indonesia in 1976, which grew to become ArcelorMittal, which now has operations in 16 countries. Mittal acquired and integrated steel companies around the world as part of its global consolidation strategy. Mittal Steel Company was formed in 2004 by merging its companies, Ispat International and LNM Holdings, and acquiring the International Steel Group of Ohio in the United States. Mittal Steel merged with Arcelor to form ArcelorMittal in 2006.

3. Kumar Birla

Worth: $15.3 billion (as of November 2022)

Age:55

Resources commodities is a source of wealth

Kumar Birla, the Chairman of Aditya Birla Group, the third-largest Indian business conglomerate, is another billionaire on the list. He is also the Chancellor of the Birla Institute of Technology & Science and the Chairman of the Indian Institute of Management Ahmedabad. Due to his father's sudden death at the age of 28, he took over the Aditya Birla Group. He faced a lot of scepticism due to his lack of experience, but he took the company to new heights with his sharp business sense.

4. Dilip Shanghvi

Net worth: $16.6 billion (as of November 2022)

Age: 66

Pharmaceuticals are a source of wealth

Dilip Shantilal Shanghvi is a well-known Indian billionaire and the founder of Sun Pharmaceuticals. Sun Pharma made its first international acquisition three years after Dilip took the company public in 1994, when it purchased Caraco Pharmaceutical Laboratories in Detroit. Among many other acquisitions, Ranbaxy Laboratories was a notable one in 2014. The leadership of the astute Dilip Shanghvi, Sun Pharma experienced multifaceted growth. He was appointed as the Reserve Bank of India's central board in 2018.

5. Savitri Jindal and Family

Net worth: $16.7 billion (as of November 2022)

Age: 72

Steel is a source of wealth.

Savitri Jindal is a fantastic example of being the richest woman in a world that is ostensibly dominated by men. She is Jindal Steel & Power Limited's Chairperson Emeritus. She also serves as President of the Maharaja Agrasen Medical College (MAMC), Agroha, which was founded in 1998. Savitri Jindal, India's richest woman, took over her husband's steel and power conglomerate after his sudden death in 2005. She is committed to upholding OP Jindal's values and is running the business with vigour.

6. Radhakishan Damani

Net worth: $18.5 billion (as of November 2022)

Age: 67

Retail and investments are the sources of wealth.

Radhakishan Damani, a well-known Mumbai-based investor and entrepreneur, is the owner of India's third-largest mega-retail store chain, DMart. In the Indian stock market, Rakesh Jhunjhunwala regards him as a mentor.

He was born in 1954 to an Indian Marwari family in Bikaner, Rajasthan, and raised there. He began his career as a stockbroker but quickly transitioned to stock trading in the Indian stock market. He only gained a foothold in the business world after defeating Indian stockbroker Harshad Mehta.

7. Cyrus Poonawall

Net worth: $22.1 billion (as of November 2022)

Age: 81

Vaccines are a source of wealth.

Cyrus Poonawalla is the Founder and Managing Director of the Cyrus Poonawalla Group, which includes the Serum Institute of India (SII), an Indian biotechnology firm that produces highly specialised life-saving biologicals.

Cyrus founded the Serum Institute of India in 1966 to produce therapeutic serum from horse blood. Within two years, the institute had developed its first therapeutic tetanus serum and had begun manufacturing anti-tetanus vaccines. Despite the fact that he faced some difficulties with financing and company recognition, Cyrus was determined to overcome them all. Dr. Cyrus S. Poonawalla has been an Executive Council member of the Asian Racing Federation for the last 30 years and held the position of Vice Chairman of ARF for one term before retiring due to the exigencies of other business challenges. Because of his extensive experience, he has been asked to rejoin the ARF Executive Council this year at the request of the Turf Authorities of India. Mr Louis Romanet, Chairman of the International Federation of Horseracing Authorities, presented Dr. Poonawalla with the "Lifetime Achievement Award" in Paris in 2009. On October 25, 2009, Mr. Surender Reddy, Chairman of the Turf Authorities of India, bestowed upon him the "Lifetime Achievement Award."

8. Shiv Nadar

Net worth: $24 billion (as of November 2022)

Age: 77

Software services are a source of wealth

Shiv Nadar, the founder of Hindustan Computers Limited (HCL) and a well-known billionaire industrialist and philanthropist, is another prominent name on the list of India's top ten richest billionaires.

Shiv Nadar was born on July 14, 1945, in Tiruchendur, Tamil Nadu, India, to Sivasubramaniya and Vamasundari Devi. He began his career as an engineer at Walchand Group's Cooper Engineering (COEP) in Pune in 1967. After a few years, he left his job to pursue a business career with Ajai Chowdhry and other colleagues, establishing an enterprise known as Microcomp under the brand name 'Televista.' They later formed HCL Tech in 1976 to manufacture microprocessors and calculators.

9. Mukesh Ambani

Net worth: $89.5 billion

Age: 65

Diverse sources of wealth

Mukesh Ambani is a well-known Indian billionaire industrialist who serves as the Chairman and Managing Director of Reliance Industries Ltd. (RIL), a multinational conglomerate with interests in energy, natural gas, mass media, retail, petrochemicals, telecommunications, and textiles. One of the conglomerate's additional ventures is an Indian 4G wireless network. The professional cricket team Mumbai Indians and a residence valued at more than $400 million respectively are also owned by the billionaire.

Following his father's death, Dhirubhai Ambani, his brothers Mukesh Ambani and Anil Ambani assumed joint leadership of the Reliance companies. However, due to feuds between the brothers, their mother, Kokilaben Ambani, split the assets, with Mukesh gaining control of the gas, oil, and petrochemicals units. He expanded his business in a variety of ways and became one of India's wealthiest people.

10. Gautam Adani

Net worth: $135.9 billion

Age: 60

Infrastructure and commodities are sources of wealth

Gautam Adani is the first name on the list of richest Indians. Gautam Adani, who was born on June 24, 1962, is the Founder and Chairman of the Adani Group. The self-made billionaire runs a world-class integrated infrastructure company that includes coal trading, coal mining, ports, oil and gas exploration, multimodal transportation, transmission, power production, and gas distribution. Gautam Adani's firm purchased two well-known companies owned by Holcim in May 2022: Ambuja Cement and ACC. He is not only India's richest man but also the world's second richest man.