Prahlad Rawat
As of 2024, the landscape of wealth in India has shifted, with Gautam Adani reclaiming the title of the richest person in the country. The latest rankings reflect the dynamic nature of the Indian economy and the significant contributions of various industrialists. Here’s a look at the top 10 richest Indian persons this year, highlighting their net worth and business interests.
1. Gautam Adani
- Net Worth: $155 billion
- Source of Wealth: Adani Group (infrastructure, energy, and logistics)
Gautam Adani has seen a remarkable resurgence in his wealth, driven by the growth of his conglomerate, which has diversified into renewable energy and green technologies. His strategic investments have positioned him at the forefront of India’s economic future.
2. Mukesh Ambani
- Net Worth: $150 billion
- Source of Wealth: Reliance Industries (diversified)
Mukesh Ambani remains a key player in the Indian business landscape. His ventures into telecommunications and retail through Reliance Jio and Reliance Retail have significantly boosted his wealth, keeping him in close competition with Adani.
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3. Shiv Nadar
- Net Worth: $30 billion
- Source of Wealth: HCL Technologies (IT services)
Shiv Nadar has established HCL as a prominent player in the IT sector. His investments in technology and education initiatives continue to enhance his legacy and net worth.
4. Azim Premji
- Net Worth: $27 billion
- Source of Wealth: Wipro (IT services)
Azim Premji, known for his philanthropy as much as his business acumen, remains a stalwart in the IT industry. His focus on social causes has earned him respect beyond just financial metrics.
5. Radhakishan Damani
- Net Worth: $25 billion
- Source of Wealth: DMart (retail)
Radhakishan Damani’s retail chain DMart has seen exponential growth, making him one of the wealthiest individuals in India. His investment strategies and business model have set a benchmark in the retail sector.
6. Cyrus Poonawalla
- Net Worth: $22 billion
- Source of Wealth: Serum Institute of India (pharmaceuticals)
Cyrus Poonawalla’s Serum Institute has played a crucial role in vaccine production, especially during the pandemic. His contributions to public health have elevated his status in the business community.
7. Kumar Mangalam Birla
- Net Worth: $20 billion
- Source of Wealth: Aditya Birla Group (diversified)
Kumar Mangalam Birla has successfully led the Aditya Birla Group across various sectors, including metals, cement, and telecommunications, maintaining a robust presence in the market.
8. Sunil Mittal
- Net Worth: $18 billion
- Source of Wealth: Bharti Airtel (telecommunications)
Sunil Mittal’s leadership in the telecommunications industry, particularly with Bharti Airtel, has been pivotal to his wealth accumulation, especially as digital services continue to expand.
9. N. R. Narayana Murthy
- Net Worth: $15 billion
- Source of Wealth: Infosys (IT services)
As a co-founder of Infosys, Narayana Murthy has been instrumental in shaping India’s IT landscape. His focus on corporate governance and ethics has set a high standard for the industry.
10. Dilip Shanghvi
- Net Worth: $14 billion
- Source of Wealth: Sun Pharmaceuticals (pharmaceuticals)
Dilip Shanghvi has led Sun Pharmaceuticals to become one of the largest pharmaceutical companies in India. His strategic acquisitions and global presence have significantly boosted his wealth.
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Conclusion
The wealth rankings of 2024 showcase the diverse sectors contributing to India’s economic growth. From technology and retail to pharmaceuticals and infrastructure, these business magnates are not only shaping the economy but also influencing social changes through their philanthropic efforts. As the Indian market continues to evolve, it will be interesting to see how these rankings change in the coming years.
Pooja Negi
