Reliance Industries Chairman and Managing Director Mukesh Ambani has once again held the top position on Forbes’ list of India’s hundred richest people. With a net worth of $105 billion, he remains a centi-billionaire. This development comes a month after the RIL head announced plans to list the company’s telecom arm.
Reliance Retail and Reliance Jio Infocomm were valued at $143 billion and $135 billion in their latest assessment by global financial major JP Morgan, which also noted that RIL’s consumer businesses are expected to drive nearly all of the group’s earnings growth in the coming years.
Gautam Adani and his family take the second place in the list with a fortune of $92 billion. The founder and chairman of the group, Gautam Adani, received a reprieve in September when India’s markets regulator stated that allegations by US short seller Hindenburg Research of fraudulent transactions could not be substantiated. Additionally, Hindenburg’s allegations had led to a sharp sell-off in Adani Group shares in 2023.
Savitri Jindal of the OP Jindal Group, who retained the third position, even though her net worth declined by $3.5 billion to $40.2 billion. Taking the fourth position is telecom tycoon Sunil Mittal, who was the biggest dollar gainer on the list with his family wealth rising by $3.5 billion to $34.2 billion. He last held this position in 2008. Technology billionaire Shiv Nadar, who was fourth in the last rankings, fell to fifth position with a net worth of $33.2 billion.
According to the national media report, the total wealth of India’s 100 richest individuals fell by 9 per cent, or $100 billion, to $1 trillion in 2025. The decline was mainly due to a weaker rupee and a 3 per cent dip in the benchmark Sensex since fortunes were last assessed. In an overall way, nearly two-thirds of those featured in the list are poorer this year, including Ambani.
