 "Mukesh Ambani tops Forbes 2025 list: India’s richest 100 see wealth dip 9%")
Billionaire Mukesh Ambani continues to reign as India’s richest person, leading the 2025 Forbes India Rich List with a net worth of $105 billion, despite a 12 per cent decline from last year.
The chairman and managing director of Reliance Industries saw his fortune shrink by $14.5 billion due to a weaker rupee and a three per cent fall in the Sensex, but remains India’s only “centibillionaire”.
Ambani recently expanded into artificial intelligence with Reliance Intelligence and announced plans to list telecom arm Jio in 2026.
The annual Forbes ranking revealed that the combined wealth of India’s 100 richest fell nine per cent, or $100 billion, to $1 trillion, reflecting a tougher economic and market environment.
Nearly two-thirds of those on the list saw their net worth decline this year. The complete list is available on Forbes.com/India, ForbesIndia.com and in the October issue of Forbes Asia.
Gautam Adani holds number-2 spot
Infrastructure tycoon Gautam Adani and his family retained the No. 2 spot with a fortune of $92 billion.
The Adani Group founder received a boost after India’s securities regulator stated that allegations by US short seller Hindenburg Research in 2023 could not be proven, ending a turbulent chapter that had triggered a sharp sell-off in Adani Group shares.
Savitri Jindal remains India’s richest woman
Savitri Jindal of the OP Jindal Group held on to her third-place ranking with a net worth of $40.2 billion, down $3.5 billion from last year.
She continues to be India’s richest woman, with diversified interests spanning steel, power and cement.
Sunil Mittal surges to fourth; Shiv Nadar falls to fifth
Telecom tycoon Sunil Mittal of Bharti Enterprises emerged as the biggest gainer this year, adding $3.5 billion to his wealth, which now stands at $34.2 billion. His climb of three spots returns him to fourth place—a position he last held in 2008.
Meanwhile, Shiv Nadar, founder of HCL Technologies, slipped to fifth with a fortune of $33.2 billion, as technology valuations moderated during the year.
Impact Shorts
More ShortsNew billionaires from Green Energy and Electronics
A wave of new entrants highlighted India’s expanding renewable and tech sectors.
The Doshi siblings, founders of solar panel giant Waaree Energies, debuted at No. 37 with a combined net worth of $7.5 billion after their company’s blockbuster IPO, which listed at a 70 per cent premium.
Another newcomer, Sunil Vachani (No. 80, $3.85 billion), founder and chairman of Dixon Technologies, joined the ranks as India’s leading electronics manufacturer for brands such as Samsung and Xiaomi.
Among the returnees are Leena Tewari (No. 82, $3.8 billion) of USV, PNC Menon (No. 87, $3.6 billion) of Sobha and KP Ramasamy (No. 97, $3.3 billion) of KPR Mill. Seven individuals from last year’s list dropped off and the cutoff to qualify dipped slightly to $3.2 billion from $3.3 billion in 2024.
India’s top 10 richest in 2025
1. Mukesh Ambani – $105 billion
2. Gautam Adani & family – $92 billion
3. Savitri Jindal – $40.2 billion
4. Sunil Mittal & family – $34.2 billion
5. Shiv Nadar – $33.2 billion
6. Radhakishan Damani & family – $28.2 billion
7. Dilip Shanghvi – $26.3 billion
8. Bajaj Family – $21.8 billion
9. Cyrus Poonawalla – $21.4 billion
10. Kumar Birla – $20.7 billion
Methodology and insights
The Forbes list was compiled using shareholding data, financial disclosures and information from families, stock exchanges and regulatory filings.
Public fortunes were calculated using stock prices and exchange rates as of September 19, 2025, while private company valuations were benchmarked against comparable listed peers.
Family fortunes include those shared among extended relatives, and the list also covers non-resident or foreign citizens with substantial business ties to India.
Disclaimer: Firstpost is a part of the Network18 Group. Network18 is controlled by Independent Media Trust of which Reliance Industries is the sole beneficiary.
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