As 2025 reached the halfway mark, Forbes ranked the richest Indians, as of July 2025, highlighting the wealth accumulated by the individuals based on their contributions across industries.No surprises here, Mukesh Ambani continues to be the richest person in India with a net worth of almost $116 billion, as of July 2025. The chairman of Reliance Industries ranks at number 15 globally and is the only Asian member of the exclusive $100 billion club, according to Forbes. The list featuring the 10 richest people in India at the moment was released on Friday (July 4).
As 2025 reached the halfway mark, Forbes ranked the richest Indians, as of July 2025, highlighting the wealth accumulated by the individuals based on their contributions across industries.
Notably, Savitri Jindal & family led by the only Indian woman billionaire featured in the list in the fourth position. With a net worth of $37.3 billion, the family’s wealth is derived from the O P Jindal Group, a major player in the steel and power sectors. Savitri Jindal, who is also a politician, serves as the emeritus chair of the Group.
Meanwhile, billionaire industrialist Gautam Adani is second on the list. His multinational conglomerate the Adani Group is recognised as India’s largest airport operator. In January 2023, the now disbanded US-based short seller Hindenburg Research had claimed that Adani and his companies had “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades”. Following the release of the report, the Group’s stocks companies fell sharply (though they later recovered), wiping out over $120 billion in market value.
New entrant: The new name in the list who did not feature at the start of the year is property baron Kushal Pal Singh. An army veteran, he is the chairman emeritus of DLF, India’s biggest listed real estate firm by market cap. He led the company started by his father-in-law in 1961 for over five decades. Today, it is run by his son Rajiv Singh Pal as the chairman.
The country is currently home to 205 billionaires, placed third after the United States and China, Forbes reported earlier in April this year. This is a slight increase in the overall billionaire tally of India, up from 200 last year. However, these individuals have a collective net worth of $941 billion so far, down from $954 billion last year. The drop has been primarily attributed to the country’s two richest individuals seeing their fortunes fall by more than $20 billion as shares of their conglomerates fell.
| India Rank | World Rank | Name | Age | Net Worth (USD) | Source of Wealth |
|---|---|---|---|---|---|
| 1 | 15 | Mukesh Ambani | 68 | $115.3 B | Reliance Industries |
| 2 | 24 | Gautam Adani | 63 | $67.0 B | Adani Group |
| 3 | 48 | Shiv Nadar | 79 | $38.0 B | HCL Enterprise |
| 4 | 49 | Savitri Jindal & family | 75 | $37.3 B | O P Jindal Group |
| 5 | 77 | Dilip Shanghvi | 69 | $26.4 B | Sun Pharmaceutical Industries |
| 6 | 81 | Cyrus Poonawalla | 84 | $25.1 B | Serum Institute of India |
| 7 | 95 | Kumar Birla | 58 | $22.2 B | Aditya Birla Group |
| 8 | 116 | Lakshmi Mittal | 75 | $18.7 B | ArcelorMittal |
| 9 | 122 | Radhakishan Damani | 70 | $18.3 B | DMart |
| 10 | 124 | Kushal Pal Singh | 93 | $18.1 B | DLF |
Source: Forbes
Note: Since stock prices fluctuate routinely, the net worth might change accordingly. The net worth mentioned is as of July 04, 2025