India's 100 Richest 2023
The needle has not moved much this year regarding the collective wealth of India's 100 wealthiest people. At $799 billion, it is a touch lower than $800 billion in 2022. Reliance Industries' Mukesh Ambani has reclaimed the top spot. Savitri Jindal, India's richest woman, has crossed the Top 5 threshold. Nikhil Kamath of Zerodha is the youngest billionaire at 37. There are seven returnees on the list. The cut-off to be on the list increased to $2.3 billion.
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$330.4
billion
Cumulative net worth of the Top 10 club this year, down 14.2% from $385.2 billion in 2022
8
Number of dropouts this year, including Vedanta's Anil Agarwal, BYJU's Byju Raveendran and Divya Gokulnath, and Info Edge's Sanjeev Bikhchandani
$7.9
billion
Shiv Nadar
Shiv Nadar's wealth gain this year, largest in absolute terms this year
11
Units of the Forbidden City Complex in China that the wealth of India's 100 richest could buy @ $69.66ย billionย aย piece
$82
billion
Gautam Adani
saw the largest wealth drop on the list. His wealth dropped from $150 billion to $68 billion this year but his rank only dropped 1 place from #1 to #2
Renuka Jagtiani
Landmark Group's Micky Jagtiani passed away on May 26, 2023, and is replaced on the list by his wife Renuka on rank 44
Mukesh Ambani
reclaims top spot on the list of 100 richest Indians after dropping to Rank 2 in 2022
$799
billion
Cumulative wealth of India's 100 richest personsโa smidge lower than $800 billion last year
Vivek Jain
made it to the list, Pavan Jain did not, after their father Devendra Jain split the businesses and wealth last year
Madhukar Parekh
After Gautam Adani, Radhakishan Damani, Vivek Jain, Madhukar Parekh and Falguni Nayar saw the biggest wealth drops in absolute terms
Falguni Nayar
fell from rank 44 to 88 as her wealth took a 35% dip to $2.65 billion
91.04%
The leap Inder Jaisinghani's wealth took this year, the highestโfrom $3.35 billion last year to $6.4 billion in 2023
64%
Wealth boost Ramesh and Rajeev Juneja of Mankind Pharma received after listing their company
29
Rank at which Mankind Pharma's Rajeev Juneja joins his brother Ramesh Juneja on the list this year
Bajaj Family
drops out of the top 10 club to land at rank 14
Savitri Jindal
is now one of India's five richest personsโthe only woman to achieve the feat
Shapoor Mistry
Shapoor Mistry & family find place in the top 10 club
$26.6
billion,
is the cumulative net worth of India's real estate billionaires among India'sย richestย 100
Uday Kotak
is the richest banker on the list even after recently stepping down from his post months before his retirement
$330.4
billion,
the cumulative wealth of the Top 10 club accounts for about 40% of $799 billionโthe cumulative net worth of India's top 100 richest persons
$24
billion,
Difference between the net worth of Mukesh Ambani (#1) and Gautam Adani (#2)
37
is the age of Nikhil Kamath โ India's youngest billionaire among the 100 richest
92
Age of India's oldest billionaires. There are three: Kushal Pal Singh (DLF), Benu Gopal Bangur (Shree Cement), Lachhman Das Mittal (Sonalika Group)
$808
billion
GDP of Singapore, only $9 billion more than the cumulative wealth of India's 100 richest
P.V Ramprasad Reddy
Aurobindo Pharma's P. V. Ramprasad Reddy makes a comeback on the list after dropping out last year
21
billionaires
saw their wealth decline this year, a significant improvement from last year, while 68 billionaires saw their wealth increase in 2023
9
Total number of women on the list
$800
billion
Cumulative weatlh of India's 100 richest is higher than the total market cap of top 5 Indian companies, which is $722.13 billion
$811
billion
Market cap of Meta, only $12 billion more than the cumulative wealth of India's 100 richest
$780
billion
Combined GDP of Maharashtra and Tamil Nadu is $19 billion less than the cumulative wealth of India's 100 richest
17
Number of categories (or industries) represented on the list
12,307
No. of Gulfstream G650 private jets that can be bought with $800 billionโthe cumulative wealth of India's richest
3,439
No. of '220 Central Park South' villas that can be bought with the wealth of India's richest 100 persons
$58.69
billion
is the cumulative net worth of India's tech billionaires among India'sย richestย 100
7
No. of returnees on the listโbillionaires who have previously featured, then dropped out, and are now back
Vikram Lal
Eicher Motors' Vikram Lal is the richest entrepreneur in India's Automotive sector with a net worth of $6.1 billion
3
No. of new entrants on the list, including the Dani Family, Renuka Jagtiani, and KPR Mill's K.P. Ramasamy
1
Telecom, Consumer Goods, Media & Entertainment, Service, Chemicals, and Education sectors have only one billionaire each on the list
17
Number of billionaires on the list from the healthcare sector and manufacturing sector each
4
The number of billionaires representing the real estate sector and finance & investments sectors each
Shamsheer Vayalil
is the richest returnee on the list with a net worth of $3.7 billion
$2.3
billion
Cut-off to make it to the list, higher than last year's $1.9 billion
Radhakishan Damani
is the richest entrepreneur of India's Fashion & Retail sector with a net worth of $23 billion
8
The number of fashion & retail billionaires on the list
$57.96
billion
Cumulative wealth of the women on the list
Ravi Jaipuria
of Varun Beverages is the wealthiest in the Food & Beverage sector with a net worth of $11.5 billion
Cyrus Poonawalla
is the richest entrepreneur of India's Healthcare sector, with a net worth of $20.7 billion
Madhukar Parekh
Pidilite Industries' Madhukar Parekh is India's richest manufacturing entrepreneur with a net worth of $11.1 billion
Kushal Pal Singh
of DLF is India's wealthiest real estate entrepreneur with a net worth of $11.9 billion
Sunny Varkey
is back on the list after a two year hiatus. His last appearance on the list was in 2020
Gupta Family
of Lupin is also back on the list after it missed the cut in 2022. Their last appearance was in 2021
2019
Burjeel Holdings' Shamsheer Vayalil and Manipal Group's Ranjan Pai make a comeback to the list for the first time since they droppedย outย inย 2020
$5.5
billion
Net worth of Zerodha's Nikhil Kamath, the youngest billionaire on the list, along with hisย brotherย Nithin
$20.98
billion
Total net worth of the returneesย onย theย list
NOTE : This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, 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. 22. 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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