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India's 100 Richest 2022

India's 100 Richest 2022

India's 100 richest got richer this year, with their cumulative wealth growing to a whopping $800 billion. The top 10 richest are worth a cumulative $385 billion; India's richest person has a net worth of $150 billion; richest woman has a net worth of $16.4 billion, and there are 9 women on the list. The cut-off to be on the list is $1.9 billion. India's youngest billionaire is 39, oldest 91.

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Rank 1_Gautam Adani
#1
Wealth
Change:
#1

Gautam Adani, 60

Net Worth:

$150.00 billion
Wealth Change:

Company:

Adani Enterprises

Industry:

Diversified

Gautam Adani, Chairperson, Adani Group, has a net worth of Rs 1,211,460.11 crore. Adani controls India's largest port in Mundra, Gujarat. He tripled his wealth in 2021 and has become India's richest person for the first time in 2022.

Rank 2_Mukesh Ambani
#2
Wealth
Change:
#2

Mukesh Ambani, 65

Net Worth:

$88.00 billion
Wealth Change:

Company:

Reliance Industries

Industry:

Diversified

Mukesh Ambani is the Chairman & MD of Reliance Industries Ltd.'s an O2C, telecom, and new energy conglomerate. Mukesh Ambani's net worth stands at Rs 710,723.26 crore.

Rank 3_Radhakishan Damani
#3
Wealth
Change:
#3

Radhakishan Damani, 67

Net Worth:

$27.60 billion
Wealth Change:

Company:

Avenue Supermarts

Industry:

Fashion & Retail

Radhakishan Damani, who owns the DMart chain of supermarkets, has a net worth of Rs 222,908.66 crore. Damani entered retailing in 2002 with one store. Now there are 271 DMart stores in India.

Rank 4_Cyrus Poonawalla
#4
Wealth
Change:
#4

Cyrus Poonawalla, 81

Net Worth:

$21.50 billion
Wealth Change:

Company:

Serum Institute of India

Industry:

Healthcare

Chairman of the world's largest vaccine manufacturing company's Serum Institute of India's Cyrus Poonawalla's net worth is Rs 173,642.62 crore. SII has multiple partnerships to make Covid-19 vaccines. Poonawalla's assets also include stud farms.

Rank 5_Shiv Nadar
#5
Wealth
Change:
#5

Shiv Nadar, 77

Net Worth:

$21.40 billion
Wealth Change:

Company:

HCL Technologies

Industry:

Technology

Chairman emeritus of HCL Technologies, Shiv Nadar's net worth is Rs 172,834.97 crore. He is one of the pioneers of the Indian IT sector. He has donated $662 million to education-related causes.

Rank 6_Savitri Jindal
#6
Wealth
Change:
#6

Savitri Jindal, 72

Net Worth:

$16.40 billion
Wealth Change:

Company:

O.P. Jindal Group

Industry:

Metals & Mining

Savitri Jindal is the Chairperson Emeritus of O.P. Jindal Group. She is also the only woman billionaire and an active politician in the top 10. Her net worth is Rs 132,452.97 crore.

Rank 7_Dilip Shanghvi
#7
Wealth
Change:
#7

Dilip Shanghvi, 67

Net Worth:

$15.50 billion
Wealth Change:

Company:

Sun Pharmaceutical Industries

Industry:

Healthcare

Dilip Sanghvi is the founder of Sun Pharmaceuticals which has more than 40 manufacturing facilities and serves more than 100 countries. With a net worth of Rs 125,184.21 crore, Sanghvi also has interests in Sun Pharma Advanced Research and BioLight Life Sciences and is the central board member of the Reserve Bank of India.

Rank 8_Hinduja Brothers
#8
Wealth
Change:
#8

Hinduja Brothers, 86, 81, 76, 71

Net Worth:

$15.20 billion
Wealth Change:

Company:

Ashok Leyland

Industry:

Diversified

Parmanand Deepchand Hinduja started the Hinduja group in 1914. Today, the four siblings, Srichand, Gopichand, Prakash, and Ashok, control the multinational conglomerate. The brothers' total wealth stands at Rs 122,761.29 crore. The 108-year-old group is present in 11 sectors, including automotive, oil, speciality chemicals, banking and finance, IT and ITeS, healthcare, media, and real estate.

Rank 9_Kumar Birla
#9
Wealth
Change:
#9

Kumar Birla, 55

Net Worth:

$15.00 billion
Wealth Change:

Company:

Aditya Birla Group

Industry:

Diversified

Kumar Birla is the chairman of the textiles-to-cement conglomerate Aditya Birla Group. His net worth is Rs 121,146.01 crore. Birla inherited the group at the age of 28 when his father, Aditya Birla, died in 1995.

Rank 10_Bajaj Family
#10
Wealth
Change:
#10

Bajaj Family, NA

Net Worth:

$14.60 billion
Wealth Change:

Company:

Bajaj Auto

Industry:

Diversified

The Bajaj family owns a network of 40 companies under the Bajaj Group. The 96-year-old family-led business was started by Jamnalal Bajaj in Mumbai in 1926. With a net worth of Rs 117,915.45 crore, the family's flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer.

Rank 11_Sunil Mittal
#11
Wealth
Change:
#11

Sunil Mittal, 64

Net Worth:

$14.50 billion
Wealth Change:

Company:

Bharti Airtel

Industry:

Telecom

Sunil Bharti Mittal is the Founder and Chairperson of Bharti Enterprises, which has diversified interests in sectors such as telecom, insurance, real estate, and agriculture. The 65-year-old has a net worth of Rs 117,107.81 crore. Mittal is a recipient of the Padma Bhushan, one of India's highest civilian honours, and serves on many international bodies and think tanks.

Rank 12_Uday Kotak
#12
Wealth
Change:
#12

Uday Kotak, 63

Net Worth:

$14.30 billion
Wealth Change:

Company:

Kotak Mahindra Bank

Industry:

Finance & Investments

Uday Kotak, MD and CEO of Kotak Mahindra Bank, is the richest banker in India. His net worth is Rs 115,492.53 crore. He set up a finance firm in 1985 and converted that into a bank in 2003.

Rank 13_Shapoor Mistry & Family
#13
Wealth
Change:
NA
#13

Shapoor Mistry & Family, 58

Net Worth:

$14.20 billion
Wealth Change:
NA

Company:

Shapoorji Pallonji Group

Industry:

Diversified

Shapoor Mistry now controls the Shapoorji Pallonji Group after the death of his father Pallonji Mistry and younger brother Cyrus Mistry earlier in 2022. The family's net worth is Rs 114,684.89 crore. An 18.4% stake in Tata Sons is their biggest asset.

Rank 14_Godrej Family
#14
Wealth
Change:
#14

Godrej Family, NA

Net Worth:

$13.90 billion
Wealth Change:

Company:

Godrej Group

Industry:

Diversified

This family-managed conglomerate was founded by Ardeshir Godrej and his brother Pirojsha Burjorji Godrej in 1897. The family's net worth is Rs 112,261.97 crore. The group has 15 business verticals and is headed by Adi Godrej. His daughter Nisaba and son Pirojsha run Godrej Consumer Products and Godrej Properties, respectively.

Rank 15_Lakshmi Mittal
#15
Wealth
Change:
#15

Lakshmi Mittal, 72

Net Worth:

$13.80 billion
Wealth Change:

Company:

ArcelorMittal

Industry:

Metals & Mining

Lakshmi Mittal is the executive chairman of ArcelorMittal's the world's biggest steelmaker outside of China. His net worth is Rs 111,454.33 crore. In succession planning, he made his son Aditya Mittal the CEO in 2021.

Rank 16_Madhukar Parekh
#16
Wealth
Change:
#16

Madhukar Parekh, 76

Net Worth:

$12.60 billion
Wealth Change:

Company:

Pidilite Industries

Industry:

Manufacturing

Madhukar Parekh is the Chairman of Pidilite Industries which deals in adhesives, sealants, and construction chemicals, among other things. His net worth is Rs 101,762.65 crore. Best known for the iconic Fevicol, Pidilite was founded by the late Balvant Parekh in 1959.

Rank 17_Burman family
#17
Wealth
Change:
#17

Burman family, NA

Net Worth:

$9.60 billion
Wealth Change:

Company:

Dabur India

Industry:

Food & Beverage

The Burman family holds a consumer goods fortune drawn mainly from their majority stake in the listed flagship Dabur which was started in 1884 in Kolkata by S.K. Burman. The family's net worth is Rs 77,533.45 crore. In August 2022, the fifth-generation scion Mohit Burman was appointed chairman after cousin Amit Burman resigned.

Rank 18_Azim Premji
#18
Wealth
Change:
#18

Azim Premji, 77

Net Worth:

$9.30 billion
Wealth Change:

Company:

Wipro

Industry:

Technology

Azim Premji is the founder of Wipro Limited and served as the chairman for close to four decades, diversifying the business. Premji's net worth is Rs 75,110.53 crore. The multi-hyphenate remains a non-executive member of the board of Wipro. Premji's son Rishad succeeded him as executive chairman in 2019. Premji is also known for his philanthropic work via Azim Premji Foundation.

Rank 19_Kushal Pal Singh
#19
Wealth
Change:
#19

Kushal Pal Singh, 91

Net Worth:

$8.80 billion
Wealth Change:

Company:

DLF

Industry:

Real Estate

Property baron Kushal Pal Singh is chairman emeritus of DLF, India's biggest listed real estate firm by market cap. His net worth is Rs 71,072.33 crore. Singh is an army veteran. He joined DLF's a company started by his father-in-law in 1961 and served as chairman for more than five decades.

Rank 20_Ashwin Dani
#20
Wealth
Change:
#20

Ashwin Dani, 79

Net Worth:

$8.40 billion
Wealth Change:

Company:

Asian Paints

Industry:

Manufacturing

Non-executive director of Asian Paints, Ashwin Dani, joined the paints company founded by his father in 1968. Today, his net worth is Rs 67,841.77 crore. Founded by Dani's father and three others in 1942, Asian Paints is now one of Asia's biggest paint companies.

Rank 21_Ravi Jaipuria
#21
Wealth
Change:
#21

Ravi Jaipuria, 67

Net Worth:

$8.10 billion
Wealth Change:

Company:

Varun Beverages

Industry:

Food & Beverage

The king of soft drinks and fast foods, Ravi Jaipuria is the owner of companies such as the RJ Corp and Devyani International that operate many big beverage and fast food brands such as KFC. His net worth is Rs 65,418.85 crore.

Rank 22_Kuldip Singh & Gurbachan Singh Dhingra
#22
Wealth
Change:
#22

Kuldip Singh & Gurbachan Singh Dhingra, 75, 72

Net Worth:

$6.80 billion
Wealth Change:

Company:

Berger Paints India

Industry:

Manufacturing

Kuldip Singh and Gurbachan Singh Dhingra control Berger Paints India, the country's second-largest paint maker. They bought the company from Vijay Mallya in 1991. Their net worth stands at Rs 54,919.52 crore.

Rank 23_Vikram Lal
#23
Wealth
Change:
#23

Vikram Lal, 80

Net Worth:

$6.60 billion
Wealth Change:

Company:

Eicher Motors

Industry:

Automotive

Founder and CEO of Eicher Motors, Vikram Lal's net worth stands at Rs 53,304.24 crore. He is considered a two-wheeler tycoon in India, and his company is the maker of the iconic Royal Enfield motorbikes.

Rank 24_Mahendra Choksi
#24
Wealth
Change:
#24

Mahendra Choksi, 81

Net Worth:

$6.50 billion
Wealth Change:

Company:

Asian Paints

Industry:

Manufacturing

Mahendra Choksi is the son of one of four cofounders of publicly-listed Asian Paints, one of India's leading paint makers. His net worth is Rs 52,496.6 crore.

Rank 25_Murali Divi
#25
Wealth
Change:
#25

Murali Divi, 71

Net Worth:

$6.45 billion
Wealth Change:

Company:

Divi's Laboratories

Industry:

Healthcare

Murali Divi is the Managing Director of Divi's Laboratories, a drug research firm that supplies pharmaceutical ingredients. The 71-year-old has a net worth of Rs 52,092.78 crore. His company has become one of the largest manufacturers of naproxen, an anti-inflammatory drug, in the world.

Rank 26_Sudhir & Samir Mehta
#26
Wealth
Change:
#26

Sudhir & Samir Mehta, 68, 59

Net Worth:

$6.40 billion
Wealth Change:

Company:

Torrent Group

Industry:

Healthcare

Brothers Sudhir and Samir Mehta run Torrent Pharmaceuticals, founded by their father late Uttambhai Nathalal Mehta in 1959. Their net worth is Rs 51,688.96 crore. Their diversified conglomerate includes Torrent Power and Torrent Gas.

Rank 27_Vinod & Anil Rai Gupta
#27
Wealth
Change:
#27

Vinod & Anil Rai Gupta, 77, 53

Net Worth:

$6.30 billion
Wealth Change:

Company:

Havells India

Industry:

Manufacturing

Mother and son Vinod and Anil Rai Gupta run Havells India which makes electrical and electronic appliances. Their net worth is Rs 50,881.32 crore. The company was founded by Vinod's husband, the late Qimat Rai Gupta, in 1958. And now it sells products in more than 60 countries.

Rank 28_Hasmukh Chudgar
#28
Wealth
Change:
#28

Hasmukh Chudgar, 89

Net Worth:

$6.20 billion
Wealth Change:

Company:

Intas Pharmaceuticals

Industry:

Healthcare

Hasmukh Chudgar founded the generics maker company Intas Pharmaceuticals in 1977. His sons Nimish and Binish now run the company. Their factories are in India, Europe, and Mexico. His net worth is Rs 50,073.68 crore.

Rank 29_Benu Gopal Bangur
#29
Wealth
Change:
#29

Benu Gopal Bangur, 91

Net Worth:

$6.00 billion
Wealth Change:

Company:

Shree Cement

Industry:

Manufacturing

Benu Gopal Bangur is the chairman of Shree Cement. He has a net worth of Rs 48,458.4 crore. The company was founded in 1979 in Jaipur. Bangur got control of Shree Cement in the 1990s after a family split. The company is now run by his son Hari Mohan and son Prashant.

Rank 30_Rekha Jhunjhunwala
#30
Wealth
Change:
NA
#30

Rekha Jhunjhunwala, 59

Net Worth:

$5.90 billion
Wealth Change:
NA

Company:

Rare Enterprises

Industry:

Finance & Investments

After the death of her husband, Rakesh Jhunjhunwala, also known as the big bull of Indian share market in August 2022, Rekha Jhunjhunwala replaced him on India's Rich List. Her net worth is Rs 47,650.76 crore. Their portfolio includes Titan, Star Health and Allied Insurance, and Metro Brands.

$385.2
billion
is the cumulative net worth of the Top 10 club this year, up 15.1% from 2021
3
biggest wealth drops in absolute terms — Shiv Nadar, Lakshmi Mittal and Mukesh Ambani
With a
$75.2
billion wealth gain in a year,

Gautam Adani

Gautam Adani

whose wealth doubled this year is the biggest wealth gainer in absolute and percentage terms
$150
billion
is the net worth of the top gainer—Gautam Adani—while $8.1 billion is the net worth of the next highest top gainer—Ravi Jaipuria—in absolute terms: a $141.9 billion difference
With a
$9.6
billion drop,

Shiv Nadar

Shiv Nadar

who donated record wealth this year, sees the biggest drop in net worth in absolute terms but retains his spot in the Top 10
Wealthiest man in India for over a decade,

Mukesh Ambani

Mukesh Ambani

drops to rank 2 for the first time since 2013
Lakshmi Mittal

Lakshmi Mittal

drops out of the Top 10 club for the first time since 2013
$800
billion
is the cumulative wealth of India's 100 richest in 2022
Sanjeev Bikhchandani

Sanjeev Bikhchandani

drops 40 ranks—highest drop in terms of rank—with a wealth loss of $1.76 billion from 2021
Rekha Jhunjhunwala

Rekha Jhunjhunwala

replaces her late husband Rakesh Jhunjhunwala on the list
Vijay Chauhan

Vijay Chauhan

climbs 39 ranks—highest jump in terms of rank—to go from rank 72 to 33 this year
89.66%
Parle's Vijay Chauhan's net worth gain is the second highest this year in percentage terms
50.18%
is the net worth gain of P.P. Reddy & family this year—a flip from being one of the biggest net worth losers in 2021 both in absolute and percentage terms
9
is the number of women billionaires on the list this year
Falguni Nayar

Falguni Nayar

debuts on the rich list at rank 44 with a net worth of $4.08 billion after Nykaa's outlier IPO
Joy Alukkas

Joy Alukkas

is back on the list for the first time since 2013
Anu Aga

Anu Aga

is back on the list for the first time since 2014
At
$385.2
billion,
the Top 10 club makes up for nearly 50% of the cumulative wealth of India's 100 richest, while the other 90% corner the remaining 50% of $800 billion
INOX Group's

Pavan Jain

Pavan
Jain

Vivek Jain

Vivek
Jain

replace their father Devendra Jain on the list after the latter distributed his businesses and wealth among his children
At
$800
billion,
India's 100 richest persons are worth more than the market cap of Tesla—$710.92 billion, as of October 2022
At
$385.2
billion,
the Top 10 club of India's richest is worth more than the market cap of Meta—$263.03 billion, as of October 2022
9
is the number of newcomers on the list this year
4
is the number of billionaires who have made a comeback into the list of India's richest
$62
billion
is the difference between the net worth of Gautam Adani (#1) and Mukesh Ambani (#2)
Divya Gokulnath

Divya
Gokulnath

is the youngest billionaire on the list along with Nikhil Kamath
91
years
The oldest billionaires on the list are of this age—there are three
4
billionaires
Rahul Bajaj, Shapoorji Pallonji, Abhay Vakil and Rakesh Jhunjhunwala—passed away in the last one year
166.6
is the number of History Supreme superyachts—the world's most expensive at $4.8 billion a piece—that the wealth of India's 100 richest could buy
1,600
is the number of personalised Airbus A380 Superjumbo Jets that $800 billion—the cumulative wealth of India's 100 richest—can buy @ $500 million a piece
$397
billion
The GDP of Singapore is only about $12 billion more than the cumulative net worth [$385.2 billion] of India's Top 10 richest
9
The number of billionaires on the list that are from Automotive, Fashion & Retail, and Technology sectors each
3
new billionaires are from the Fashion & Retail sector—Ravi Modi, Vedant Fashions; Falguni Nayar, Nykaa; Rafique Malik, Metro Brands
19
is the number of billionaires on the list from the Manufacturing sector, highest among sectors
1
Telecom, Media & Entertainment, and Service sectors have only one billionaire each on the list
5
The number of billionaires that represent the real estate sector
Abhay Firodia

Abhay
Firodia

is the only billionaire whose wealth is unchanged from last year
60
billionaires
out of 100 saw their wealth decline in 2022, only 27 saw their wealth increase in the year
11
is the number of units of the Forbidden City Complex in China that the wealth of India's 100 richest could buy @ $69.66 billion a piece
5
billionaires
from the Top 10 club saw their wealth decline in 2022
Radhakishan Damani

Radhakishan
Damani

breaks ranks into the Top 3 for the first time ever
$1.90
billion
is the cut-off to make it to the list, slightly lower than $1.94 billion last year
Anil Agarwal

Anil
Agarwal

dropped 34 ranks to go from 63 to 97
10
is the number of dropouts from the list this year
Joy Alukkas is the richest returnee on the list with $3.1 billion net worth, up from $640 million in 2013—his last appearance on the list
Eicher Motors'
Vikram Lal

Vikram
Lal

is the richest entrepreneur in India's Automotive sector
Radhakishan Damani

Radhakishan
Damani

is the richest entrepreneur of India's Fashion & Retail sector
Uday Kotak

Uday
Kotak

is the richest banker among the Finance & Investments entrepreneurs in India
The Burman family

The Burman family

are the wealthiest among the Food & Beverage sector in India
Cyrus Poonawalla

Cyrus
Poonawalla

is the richest entrepreneur among India's Healthcare sector
Pidilite Industries'
Madhukar Parekh

Madhukar
Parekh

is the richest entrepreneur of India's Manufacturing sector

NOTE : This list was compiled using shareholding and financial information obtained from the families and individuals, stock ex-changes, analysts and India's regulatory agencies. The ranking lists family fortunes, including those shared among extended families such as the Bajaj and Godrej families. Public fortunes were calculated based on stock prices and exchange rates as of Sept. 23. Private companies were valued based on similar companies that are publicly traded. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don't reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.

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