Mukesh Ambani tops Forbes 2025 list, India’s richest people lost 100 billion dollars in a year
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Decline in wealth: The combined wealth of India’s 100 richest people in the 2025 Forbes list fell by 9% or about $100 billion to $1 trillion. The decline was mainly due to the weak rupee and a 3% decline in the benchmark Sensex since last year’s measurement.
2 , 11Ambani still ahead: Reliance Industries Chairman and Managing Director Mukesh Ambani has retained his No. 1 position as India’s richest person. His wealth declined by 12% or $14.5 billion, taking his net worth to $105 billion. Ambani launched an artificial intelligence venture, Reliance Intelligence, and confirmed plans to publicly list the group’s telecom arm, Jio, in 2026.
3 , 11Adani again at second place: Gautam Adani and his family are in second place with a wealth of $92 billion. The Adani Group founder got a reprieve in September when India’s securities regulator said allegations of fraudulent trading by US short seller Hindenburg Research could not be proven. Those allegations led to a massive selloff in Adani Group shares during 2023.
4 , 11Jindal remains at third position: OP Jindal Group chief Savitri Jindal stood third with assets of $40.2 billion. His wealth has declined by $3.5 billion since last year. Jindal oversees a diversified industrial empire with interests in steel, power and infrastructure. She remains India’s richest woman and continues to represent the long-standing industrial legacy created by her late husband OP Jindal.
5 , 11Mittal at fourth place: Telecom tycoon Sunil Mittal and his family climbed three places to fourth position with a net worth of $34.2 billion. Bharti Enterprises and Airtel founder Mittal was the biggest dollar gainer this year by adding $3.5 billion to the list. Mittal was helped by Bharti Enterprises’ acquisition of a 25% stake in British telecom major BT, where he now has a board seat. He was last ranked No. 4 in 2008.
6 , 11Nadar at fifth place: HCL Technologies founder Shiv Nadar is at fifth position with a net worth of $33.2 billion. Despite HCL’s steady performance in global IT services, the tech billionaire slipped one place from last year. One of India’s early technology pioneers, Nadar continues to focus on philanthropy and education through the Shiv Nadar Foundation.
7 , 11Damani in sixth place: Retail tycoon Radhakishan Damani and his family were ranked sixth with a net worth of $28.2 billion. Damani, founder of the DMart supermarket chain, made his fortune through a combination of retail and investment success.
8 , 11Sanghvi seventh place: Pharmaceutical entrepreneur Dilip Shanghvi is ranked seventh with an estimated net worth of $26.3 billion. The founder of Sun Pharmaceutical Industries, India’s largest drugmaker by market value, has maintained a strong global presence. His company is expanding into generic and specialty medicines, which is contributing significantly to his wealth.
9 , 11Bajaj Family Eighth: The Bajaj family, ranked eighth with a net worth of $21.8 billion, remains one of India’s oldest business dynasties. His interests extend to automobile, financial services and insurance through leading companies such as Bajaj Auto and Bajaj Finserv.
10 , 11Poonawala ninth: Serum Institute of India founder Cyrus Poonawalla was ranked ninth with a net worth of $21.4 billion. His company remains the world’s largest vaccine producer by volume. Poonawalla’s assets stabilized after significant pandemic-era growth, supported by continued vaccine exports and expansion into new biologics.
11 , 11Birla Round Tenth: Kumar Mangalam Birla joined the top ten with an estimated net worth of $20.7 billion. Chairman of Aditya Birla Group, he oversees businesses in metals, cement, financial services and telecom.
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