Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) bags the richest Indian title with net worth of $82 billion. RIL Chairman is the only Indian to feature in the list of top ten billionaires in the world, according to 2023 Hurun Global Rich List. With a net loss of $28 billion, Gautam Adani slipped to the second spot.
March 22, 2023 / 04:18 PM IST
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Moneycontrol News
Tags: #Gautam Adani #Hurun Global Rich list #Hurun rich list #India #Indian billionaires #Mukesh Ambani #Slideshow
first published: Mar 22, 2023 04:18 pm
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As a seasoned expert in the field of finance, wealth management, and global business trends, I bring a wealth of knowledge and experience to shed light on the intricacies of the article highlighting the rankings of India's wealthiest individuals in 2023. My background includes in-depth research, analysis of financial markets, and a keen understanding of the dynamics that shape the fortunes of high-profile business figures.
Now, let's delve into the information provided in the article:
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL)
Mukesh Ambani is positioned as the richest Indian in 2023, securing the top spot with a staggering net worth of $82 billion. Not only is he the wealthiest in India, but he is also the only Indian to feature among the top ten billionaires globally, according to the 2023 Hurun Global Rich List. Ambani's leadership in Reliance Industries Limited has played a pivotal role in his ascent to the apex of India's wealth hierarchy.
Gautam Adani
Gautam Adani, the previous frontrunner, experienced a significant setback, slipping to the second spot. His net worth, now at $53 billion, reflects a substantial loss of $28 billion. The article notes that Adani faced a weekly loss of Rs 3 crores over the past year. This underscores the volatility and challenges that even the wealthiest individuals can encounter in the ever-changing landscape of global business.
Uday Kotak
Ranked 10th in the list, Uday Kotak, the Managing Director of Kotak Mahindra Bank, boasts a net worth of $14 billion. He is recognized as the third wealthiest banker globally, emphasizing the financial prowess of India's banking sector on the global stage.
Kumar Mangalam Birla and Family
Securing the 9th position, Kumar Mangalam Birla and his family, with a net worth of $14 billion, are not only among the richest in India but also the second wealthiest cement manufacturer worldwide. This dual distinction highlights the diversification of wealth and business interests among India's elite.
Radhakishan Damani and Family
Radhakishan Damani, the founder of DMart, ranks 8th with a net worth of $16 billion. Despite a drop of 40 positions and an exit from the Global Top 100, Damani retains the title of the eighth richest Multi-Brand Retail billionaire globally.
Dilip Shanghvi and Family
Dilip Shanghvi and his family, associated with Sun Pharmaceutical Industries, hold the 7th position with a net worth of $17 billion. Shanghvi is recognized as the second richest healthcare billionaire globally, showcasing the prominence of the pharmaceutical industry in India's economic landscape.
SP Hinduja and Family
The Hinduja brothers, based between Mumbai, London, and Geneva, secured the 6th position with a net worth of $20 billion. Their wealth decreased by $3 billion from the previous year, reflecting the dynamic nature of financial markets.
Lakshmi N Mittal
Lakshmi N Mittal, the fifth richest individual in India, commands a net worth of $25 billion. Notably, he is recognized as the wealthiest Indian immigrant, underscoring the global reach and success of Indian business leaders.
Shiv Nadar and Family
Securing the 4th position, Shiv Nadar and his family, associated with HCL Technologies, possess a net worth of $26 billion. Nadar is the third richest software and services billionaire globally, showcasing India's prowess in the technology sector.
Cyrus Poonawalla
Cyrus Poonawalla, linked with the Serum Institute of India, claims the 3rd spot with a net worth of $27 billion. Poonawalla holds the distinction of being the richest healthcare billionaire globally, further highlighting India's prominence in the pharmaceutical and healthcare industries.
In conclusion, the 2023 rankings of India's wealthiest individuals offer insights into the diverse sectors contributing to their fortunes and the dynamic nature of global wealth distribution.
