India’s Billionaires 2025: Mukesh Ambani Again Tops List Amid Wealth Shifts

Mukesh Ambani, the chairman and managing director of Reliance Industries Limited (RIL), is once again the richest person in India with a net worth of $105 billion. However, his wealth dropped by 12% (about $14.5 billion) from last year, when it was $119.5 billion. Ambani recently launched Reliance Intelligence, a new company focused on artificial intelligence (AI) and deep technology, as he continues to explore new business areas and ways to grow his wealth.

Gautam Adani, the founder and chairman of the Adani Group, is now the second richest person with $92 billion. Last year, he was worth $116 billion, but his net worth dropped by 20% to $24 billion after facing bribery allegations in the US. In September, he got some relief when India’s market regulator found no evidence of fraud in the Hindenburg Research claims, which had caused a big sell–off of his companies in 2023.

Third richest person is Savitri Jindal, widow of founder Om Prakash Jindal. She, along with her nine children, retains her tag as India’s richest woman, with a $40.2 billion net worth. Her late husband set up an Indian conglomerate called Jindal Group. The New Delhi-based company is involved in steel production, mining, power generation, industrial gases, cement production and port facilities.

Next is Sunil Mittal, founder and chairman of Bharti Airtel, one of India’s biggest mobile phone companies. His net worth is $34.2 billion, up from $30.7 billion last year, when he was ranked 7th. This year, he is in 4th place.

Shiv Nadar, the Indian IT pioneer and co-founder of HCL, is in 5th place with $33.2 billion. His wealth has slightly fallen from $33.6 billion last year, which made him drop one position.