You are here

Wealth (Richest Indians)

The richest Indians

The total wealth of India's top 100 rich people rose to $250 billion in 2013 as compared to $221 billion in 2012 according to the second edition of Hurun India Rich List.

With personal wealth of $18.9 billion, Reliance Industries Limited chairman Mukesh Ambani tops the country's rich list followed by London-based Arcelor Mittal's chief L.N. Mittal with assets of $15.9 billion. Others in the top 10 are: Wipro's Azim Premji (4th) with assets of $ 12 billion, HCL Technology's Shiv Nadar (5th, $ 8.6 billion), Grasim Industries' Kumar Mangalam Birla (6th, $ 8.4 billion), Godrej Group's Adi Godrej (7th, $ 8.1 billion), Pallonji Mistry of Shapoorji Pallonji & Co ($ 8 billion) ranked 8th, Shashi & Ravi Ruia (Essar Energy, $ 7.6 billion) ranked 9th and Sunil Mittal ( Bharti AirtelBSE 0.56 %, $ 7.3 billion). Anil Ambani of Anil Dhirubhai Ambani Group occupies the 11th position with a personal fortune of $ 7.1 billion.

According to the report, 141 individuals in India have personal wealth of $300 million or more. Last year it was only 101 individuals. 101 individuals either retained or increased their wealth and only 40 of them witnessed a decrease in their assets.

Men dominate the list with just four percent of it being occupied by women. Steel baroness Savitri Jindal (62), the non-executive chairperson of OP Jindal Group, is the richest Indian woman with a personal fortune of $5.1 billion followed by Indu Jain, 77, chairperson of India's largest media group, Bennett, Coleman & Company, with $1.9 billion personal assets.

Despite a sluggish economic growth of around 5 percent, average net worth of millionaires in Hurun India Rich list 2012 increased by $100 million in 2013. Manufacturing continued to be the main source of wealth in India with 17 percent of the rich list, followed by pharmaceuticals and real estate, which have both seen their percentages drop slightly to 11 percent and 9 percent, down from 12 percent and 10 percent, respectively.

While Mumbai continues to be the capital for India’s super rich, its dominance has dwindled to 33 percent from 36 percent last year. Ditto with Delhi and Bangalore, whose percentage of the richest individuals reduced to 16 percent and 11 percent, respectively, down from 22 percent and 15 percent, respectively.

You can read more here and here. The list of India's billionaires is here.