India has produced many billionaires, many of whom are even among the richest people in the world. India’s billionaires from various industries have made significant contributions to the country’s economic development. Some of their wealth fluctuates with market volatility, especially since most billionaires invest their assets in publicly traded stocks. Here is the latest ranking of the 10 richest people in India in 2022 according to Forbes’ “World Real-Time Billionaires in 2022”.
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1. Gautam Adani
India’s first richest man, Gautam Adani, and his family have a whopping net worth of $112.6 billion. Gautam Adani controls the port of Mundra, the largest port in Gujarat. The Adani Group has interests that span power generation and transmission, real estate, commodities and infrastructure. In September 2020, Adani acquired a 74% stake in Mumbai International Airport, India’s second busiest airport. Adani also owns an Australian coal mining project called Abbot Point.
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2. Mukesh Ambani
Mukesh Ambani is the 2nd richest man in India and the 10th richest person in the world in 2022, Mukesh Ambani has a net worth of $100 billion. The founder and president of Reliance Industries has interests in petrochemicals, oil and gas, retail and telecommunications. When Reliance launched its 4G phone service in the Indian telecom market in 2016, it sparked a price war, caused serious disruption and led to the bankruptcy of some networks. During the COVID-19 lockdown, Mukesh Ambani sold a third of Jio to some investors like Google and Facebook, raising more than $20 billion.
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3. Shiv Nadar
HCL co-founder Shiv Nadar is India’s third-richest billionaire with a net worth of $28.7 billion by 2022. HCL started manufacturing computers and microprocessors in 1976 and is now one of the largest software service providers in the United States. It generated $102 billion in sales. HCL Technology employs 169,000 people in 50 countries. After Shiv Nadar stepped down as CEO of HCL in 2020, his daughter took over. Shiv Nadar is the current Chairman Emeritus. As America’s leading philanthropist, he has donated more than $662 million to the Shiv Nadar Foundation to support education-related activities.
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4. Cyrus Poonawalla
Cyrus Punawalla has a net worth of $25.8 billion and is the 4th richest person in India as of 2022. In 1966 he founded the Serum Institute of India, which is now the world’s largest manufacturer of vaccines in terms of dosage. The company produces more than 1.5 billion doses of multiple vaccines against influenza, polio and measles. Serum’s CEO, his son Adar, has also invested about $800 million to build a new Covid-19 vaccine plant.
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5. Radhakishan Damani
Radhakishan Damani has a net worth of $20.2 billion, making him the 5th richest man in India. Avenue Supermarket Champion, He Became National Retail King After Supermarket Chain Completed I | March 2017 PO. He started his Indian retail business in a single supermarket on the outskirts of Mumbai. Today, the retail network has more than 221 DMart stores across the country. Damani holds shares in other companies such as tobacco company VST and India Cements. He owns the 156-room Radisson Blu Resort in Alibag, a popular beach resort near Mumbai.
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6. Savitri Jindal and family
With a net worth of $19.9 billion in 2022, Savitri Jindal and his family are the 6th richest people in India. Jindal Group’s interests include electricity, cement, infrastructure and steel. The group is now headed by Savitri Jindal, widow of Om Prakash Jindal, who founded the Jindal Group. In 2005, Om Prakash Jindal died in a helicopter crash, after which the company’s business was divided among his four sons.
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7. Lakshmi Mittal
The 7th richest person in India in 2022 will be Lakshmi Mittal with a net worth of $182 billion. He is Chairman of the Board of ArcelorMittal, the world’s largest steel and mining company with sales of $53.3 billion in production terms. In 2019, Arcelor and Nippon Steel acquired Essar Steel, previously dominated by billionaires Ravi Ruia and Shashi. Lakshmi Mittal, who handed over the CEO position to her son Aditya Mittal, continues to serve as Chairman of Arcelor Mittal.
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8. Kumar Birla
Kumar Birla is the 8th richest man in India with a net worth of $17.5 billion. Nicknamed the King of Materials, he heads the $46 billion Aditya Birla group. In addition to providing telecommunications and financial services, the group also has stakes in aluminum and cement. In August 2021, Kumar Birla stepped down as president of Vodafone India, which was heavily indebted following the 2018 merger of Idea Cellular and Vodafone India.
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9. Dilip Shanghvi
Dilip Shankhvi has a net worth of $16.3 billion, making him ninth on the list of the richest people in America by 2022. In 1983, his father gave him $200 to set up Sun Pharma to make medicine. psychiatric treatment. Today, the company is one of the national leaders in the supply of pharmaceuticals with annual sales of $4.5 billion. Sun Pharma grew through a series of acquisitions in 2014 that acquired Ranbaxy Laboratories for $4 billion. In recent years Shanghvi has also invested in oil, gas and renewable energy.
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10. Sunil Mittal
Tenth on the list of the 10 richest people in India belongs to Sunil Mittal, who has a fortune of $15.3 billion. Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, is a first-generation entrepreneur and owner of Bharti Airtel, India’s second largest telecommunications company. Mittal is also known for her educational activities in India through the Bharti Foundation, a charitable organization of Bharti Enterprises.