Top 10 Richest People in India 2024: Net Worth, Sources of Wealth, and Interesting Facts

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Indeed, here’s more about each of these billionaires, about their business strategies, personal life, and such other unique aspects.

Dilip Shanghvi

Net Worth**: $15.5 billion
Source of Wealth**: Pharmaceuticals (Sun Pharmaceuticals)
Residence**: Mumbai, Maharashtra
Citizenship**: Indian
Marital Status**: Married
Children**: 2
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Did You Know?
  • In 2009, he was listed as one of the hundred most influential people in the world by Time Magazine.
  • Shanghvi is a low-profile man who keeps away from too much media attention.
  • Shanghvi’s Sun Pharmaceuticals began with a small generic drug outfit and today has a presence in over 100 countries.

    Kumar Birla

    • Net Worth: $16.5 billion
    • Source of Wealth: Diversified, Aditya Birla Group
    • Residence: Mumbai, Maharashtra
    • Citizenship: Indian
    • Marital Status: Married
    • Children: 3
    • Did You Know?
      Kumara Birla’s Aditya Birla Group is among India’s largest conglomerates with interests in telecom-Idea, cementUltraTech, metals, and textiles.
      He did an MBA from the London Business School and took over the company from his father at a very young age of 28 years following his father’s sudden death.
      • Birla has been an elected member of the Rajya Sabha, Indian Parliament, for the Bharatiya Janata Party but is now disenchanted with politics.

      Radhakishan Damani

      • Net Worth: $17 billion
      • Source of Wealth: Retail (DMart)
      • Residence: Mumbai, Maharashtra
      • Citizenship: Indian
      • Marital Status: Married
      • Children: 1
      • Did You Know?
        • Damani is a former stock market investor and is often known as “the Warren Buffet of India” because of the strategic nature of his investments.
        • He is an extremely private person and has kept himself away from the public eye, focusing on business expansion.
      • DMart is one of India’s leading supermarket chains, enjoying its “everyday low price” model with considerable market penetration.

      Savitri Jindal & Family

      • Net Worth: $19 billion
      • Source of Wealth: Steel, Power (Jindal Group)
      • Residence: Hisar, Haryana
      • Citizenship: Indian
      • Marital Status: Widowed
      • Children: 4
      • Did You Know?
        • Jindal Group is owned by the Jindal family, a giant in steel production, and is of great importance regarding power generation and infrastructural development.
          The late husband of Savitri Jindal, Om Prakash Jindal, was one of the leading industrialists in India, and upon his untimely death in a helicopter crash, she took over as group chairperson.
          The Jindal Group is a big player in the Indian energy sector, and its family members have invested hugely in renewable energy projects.

      Savitri Jindal & Family

      Lakshmi Mittal

      • Net Worth: $19.5 billion
      • Source of Wealth: Steel (ArcelorMittal)
      • Residence: London, United Kingdom
      • Citizenship: Indian
      • Marital Status: Married
      • Children: 2
      • **Did You Know?
      • The founder, Chairman and CEO of ArcelorMittal, the world’s leading integrated steel and mining company, with operations in over 60 countries.
        • In most parts of the world, people often regard him as a representative of Indian business, since he expanded his family’s India-based business to international markets.
      • His fortune came through key acquisitions, which included the 2006 merger of Arcelor with Mittal Steel, making him then one of the wealthiest individuals in the world.

      Uday Kotak

      • Net Worth: $20 billion
      • Source of Wealth: Banking (Kotak Mahindra Bank)
      • Residence: Mumbai, Maharashtra
      • Citizenship: Indian
      • Marital Status: Married
      • Children: 2
      • Did You Know?
        • Kotak Mahindra Bank is rated among the best private sector banks in India, and Uday Kotak has dedicated his career to providing services in the Indian financial market to the unserved segments.
      • Besides this, he is involved in a lot of philanthropic works like funding education and healthcare.
        • Kotak is seen to be very conservative with regard to risk management, which acts as a boon for his bank in times of turmoil in the financial markets.

      Cyrus Poonawalla

      • Net Worth: $21 billion
      • Source of Wealth: Vaccines, Pharmaceuticals (Serum Institute of India)
      • Location: Pune, Maharashtra
      • Nationality: Indian
      • Status: Widower
      • Children: 1
      • Interesting Facts
        • Poonawalla’s Serum Institute of India is the world’s largest vaccine manufacturer by the number of doses produced.
          During the COVID-19 pandemic, Serum played a very important role in the global supply of vaccines such as Covishield in collaboration with AstraZeneca.
        • Apart from his areas of ventures, Poonawalla has spread his philanthropy arms in the fields of Education and Healthcare in India and the world over.

      Shiv Nadar

      • Net Worth: $25 billion
      • Source of Wealth: Technology (HCL Technologies)
      • Address: New Delhi, India
      • Nationality: Indian
      • Marital Status: Married
      • Children: 1
      • Did You Know?
        • Shiv Nadar is known for his vision of turning HCL, a small IT hardware company at the time, into a global software services provider.
      • He is regarded as one of the biggest philanthropists in India since his foundation has given billions to educational causes, with the exception of building Shiv Nadar University.
        • He received the Padma Bhushan in 2020 for his services to education and technology.

      Mukesh Ambani

      • Net Worth: US$92 billion
      • Source of fortune: Diversified, Reliance Industries – Oil, Telecom, Retail
      • Residence: Mumbai, Maharashtra
      • Citizenship: Indian
      • Marital Status: Married
      • Children: 3
      • Did You Know?
        Ambani’s conglomerate, Reliance Industries, is the largest in India, with such diversified industries as petrochemicals, refining, oil & gas exploration, telecommunications, and retail. His telecom venture, Jio, disrupted India’s mobile data industry into offering cheap data plans; hence, India is the largest consumer of mobile data in the world.
      • Ambani is often known to be the most powerful businessman in Asia, having interests in sports, media, and technology.

      Gautam Adani

      -Net Worth**: $ 110 billion
- Source of Wealth**: Infrastructure, Commodities (Adani Group)
- Residence**: Ahmedabad, Gujarat
- Citizenship**: Indian
- Marital Status**: Married
- 
Children**: 2
      • Did You Know?
        • The Adani Group, belonging to Gautam Adani, is an Indian multinational conglomerate involved in the business of ports, coal, power generation, renewable energy, and logistics.
        • Further, he has expanded his business full-blown into the renewable energy sector, with Adani remaining as one of the largest in the world for the production of solar power.
          But this was accentuated with strategic investments in infrastructure that catapulted Adani to the ranks of being one of the richest men in less than a couple of years.

      These billionaires not only have huge amounts of money at their disposal but also hold considerable influence in various industries around the world. The rags-to-riches tales of their respective lives and businesses are basically a combination of hard work, innovation, and an relentless drive to keep growing. Most of them are low-key, but they are often at the front row in technological and business revolutions, among others.

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