Richest Indians
The Fortune India-Waterfield Advisors study ranks a record 185 dollar billionaires in the country with a cumulative net worth of ₹99.86 lakh crore.
The Fortune India-Waterfield Advisors study ranks a record 185 dollar billionaires in the country with a cumulative net worth of ₹99.86 lakh crore.
Diversified groups account for 25 out of 185 Indian dollar billionaires; top 5 control 77.72% wealth in the category.
In 2022, India had 142 dollar billionaires worth $832 billion. In 2024, there are 185, valued 50% higher at $1.19 trillion (₹99.86 lakh crore), short of ₹100 lakh crore milestone.
How Shapoor Mistry is restructuring Shapoorji Pallonji Group to improve operational efficiency and repay debt.
Top 10 Richest Indians accounted for 41.65% of the total wealth of 157 dollar billionaires. The wealth of all dollar billionaires is 25.4% of India’s FY23 GDP.
Mistry family scion has taken up the task of paring group debt and grooming the next generation.
Adani Group’s Gautam Adani is India’s richest man, followed by Mukesh Ambani and Shapoor Mistry & Cyrus Mistry Family at second and third positions.
What’s striking about Adani’s rise is the significant lead he has over Mukesh Ambani, who is second at $94.57 bn (₹7.54 lakh crore).
The fortunes of the Mistry family is now entirely at the discretion of the Tatas.
The top 10 of India’s richest control ₹31.71 lakh crore ($397 billion) of wealth among the $832 billion (₹66.36 lakh crore) managed by 142 dollar billionaires