The third edition of the Fortune India-Waterfield Advisors' study of India's richest reveals a historic milestone for India’s wealth creation journey: for the first time, the combined wealth of India’s dollar billionaires has surpassed the $1trillion milestone, representing a 50% increase in three years. Furthermore, the club of billionaires has soared from 142 in 2022 to 185 this year. These formidable accomplishments bring the contribution of the cumulative wealth of India’s richest up to 33.81% of India’s total nominal GDP.
India's wealth landscape is evolving rapidly, characterized by a mix of established billionaires and a growing number of new wealth creators. The top three names remain unchanged from 2023, reaffirming their status as India’s financial powerhouses, with Mukesh Ambani leading the pack, closely followed by Gautam Adani in the second place, and Shapoor Mistry, Firoz Mistry, & Zahaan Mistry in the third. Notable shifts this year include Savitri Devi Jindal's impressive rise to 4th place from 13th in 2023, making her the only woman in the top five, and Shiv Nadar moving up to 5th from 6th. Prominent new names like Sridhar Vembu & family and Vinod Kumar Agarwal illustrate the blend of traditional and emerging sectors driving India's financial growth.
| Rank | Name | Fortune Value (Rs cr) | Fortune $bn | Sector | Age |
| 1 | Mukesh Ambani | 10,50,715 | 125.15 | Diversified | 67 |
| 2 | Gautam Adani | 10,40,212 | 123.9 | Diversified | 62 |
| 3 | Shapoor Mistry, Firoz Mistry & Zahan Mistry family | 3,64,932 | 43.47 | Diversified | 60, 27, 25 |
| 4 | Savitri Devi Jindal | 2,77,588 | 33.06 | Steel, Infrastructure, Cement | 74 |
| 5 | Shiv Nadar | 2,75,800 | 32.85 | IT | 79 |
| 6 | Radhakishan Damani | 2,54,479 | 30.31 | Retail | 69 |
| 7 | Dilip Shanghvi & family | 2,32,033 | 27.64 | Pharmaceuticals | 67 |
| 8 | Sunil B Mittal & Mittal family | 2,31,176 | 27.54 | Telecom | 65 |
| 9 | Azim Premji | 2,02,969 | 24.18 | IT | 79 |
| 10 | Adi Godrej & Godrej family | 1,74,312 | 20.76 | Diversified | 82 |
| 11 | Cyrus Soli Poonawalla | 1,71,990 | 20.49 | Pharmaceuticals, Finance | 83 |
| 12 | Shekhar Bajaj, Niraj Bajaj, Rajiv Bajaj & Sanjiv Bajaj | 1,71,720 | 20.45 | Diversified | 74, 69, 56, 54 |
| 13 | Kumar Mangalam Birla | 1,65,068 | 19.66 | Diversified | 57 |
| 14 | Kushal Pal Singh | 1,59,053 | 18.94 | Realty | 92 |
| 15 | Sudhir Mehta & Samir Mehta | 1,41,694 | 16.88 | Pharmaceuticals, Energy | 70, 60 |
| 16 | Ravi Kant Jaipuria | 1,29,456 | 15.42 | FMCG | 69 |
| 17 | Madhukar Parekh & family | 1,08,666 | 12.94 | Chemicals | 78 |
| 18 | Mangal Prabhat Lodha | 96,556 | 11.5 | Realty | 68 |
| 19 | Uday Kotak | 91,665 | 10.92 | BFSI | 65 |
| 20 | Pankaj Patel | 91,181 | 10.86 | Pharmaceuticals | 71 |
| 21 | M.M. Murugappan & family | 84,318 | 10.04 | Diversified | 68 |
| 22 | Hasmukh Chudgar & family | 75,115 | 8.95 | Pharmaceuticals | 91 |
| 23 | Mohit Burman & Burman family | 74,003 | 8.81 | Diversified | 56 |
| 24 | Anil Rai Gupta | 69,891 | 8.32 | Consumer Electricals | 55 |
| 25 | Satyanarayan Nuwal & Kailash Chandra Nuwal | 69,420 | 8.27 | Chemicals (Industrial explosives) | 72, 67 |
| 26 | Vivek Chaand Sehgal | 68,167 | 8.12 | Auto Ancillaries | 67 |
| 27 | Inder T. Jaisinghani | 65,997 | 7.86 | Consumer Electricals | 71 |
| 28 | Vikram Lal | 64,848 | 7.72 | Automobile | 82 |
| 29 | Murali K. Divi | 63,868 | 7.61 | Pharmaceuticals | 73 |
| 30 | Late Ashwin Suryakant Dani & family | 62,431 | 7.44 | FMCG | - |
| 31 | Rahul Bhatia | 62,392 | 7.43 | Aviation | 68 |
| 32 | Karsanbhai Patel | 61,901 | 7.37 | Diversified | 80 |
| 33 | Girdharilal Bawri, Banwarilal Bawri & Rajendra Agarwal | 61,600 | 7.34 | Pharmaceuticals | 76, 71, 65 |
| 34 | Rekha Rakesh Jhunjhunwala & family | 58,471 | 6.96 | Investing | 60 |
| 35 | Benu Gopal Bangur | 55,650 | 6.63 | Cement | 92 |
| 36 | George Jacob Muthoot & family | 53,981 | 6.43 | BFSI | 71 |
| 37 | Nusli Wadia | 53,649 | 6.39 | Diversified | 80 |
| 38 | P.P. Reddy & P.V. Krishna Reddy | 52,987 | 6.31 | Construction | 66, 55 |
| 39 | Ramesh Juneja & Rajeev Juneja | 50,770 | 6.05 | Pharmaceuticals | 69, 59 |
| 40 | Harsh Mariwala & Kishore Mariwala | 50,730 | 6.04 | FMCG | 73, 89 |
| 41 | Sanjiv Goenka | 50,704 | 6.04 | Diversified | 63 |
| 42 | Vivek Jain | 48,100 | 5.73 | Chemicals, Energy | 68 |
| 43 | Kuldip Singh Dhingra & Gurbachan Singh Dhingra | 48,061 | 5.72 | FMCG | 76, 74 |
| 44 | Irfan Razack, Rezwan Razack & Noaman Razack | 47,690 | 5.68 | Realty | 70, 69, 66 |
| 45 | Mahendra Chimanlal Choksi | 46,864 | 5.58 | FMCG | 83 |
| 46 | Venu Srinivasan | 46,248 | 5.51 | Automobile | 71 |
| 47 | Sridhar Vembu, Sekar Vembu & Radha Vembu | 45,955 | 5.47 | New Age Tech (SaaS) | 56, 52, 51 |
| 48 | Pawan Munjal | 45,190 | 5.38 | Automobile | 69 |
| 49 | Nehal, Bhairavi, Vivek -Abhay Vakil family | 44,906 | 5.35 | FMCG | 47, 44, 35 |
| 50 | Manju Deshbandhu Gupta family | 44,670 | 5.32 | Pharmaceuticals | 79 |
| 51 | Vijay Chauhan | 43,789 | 5.22 | FMCG | 88 |
| 52 | Joy Alukkas | 43,697 | 5.2 | Gems & Jewellery | 67 |
| 53 | Vikas Oberoi | 43,490 | 5.18 | Realty | 54 |
| 54 | Yusuf Hamied & family | 42,611 | 5.08 | Pharmaceuticals | 88 |
| 55 | Dilip Surana & Anand Surana | 42,404 | 5.05 | Pharmaceuticals | 58, 53 |
| 56 | Leena Tewari | 42,086 | 5.01 | Pharmaceuticals | 67 |
| 57 | Nithin Kamath & Nikhil Kamath | 41,520 | 4.95 | New Age Tech | 44, 37 |
| 58 | Manoj Menda & Raj Menda | 41,472 | 4.94 | Realty | 56, 61 |
| 59 | Rajan Raheja | 40,046 | 4.77 | Diversified | 70 |
| 60 | Basudeo Narain Singh & family | 38,520 | 4.59 | Pharmaceuticals | 83 |
| 61 | Baba Kalyani | 37,556 | 4.47 | Diversified | 75 |
| 62 | P.V. Ramprasad Reddy | 36,973 | 4.4 | Pharmaceuticals | 66 |
| 63 | Nirmal K. Minda | 36,530 | 4.35 | Auto Ancillaries | 66 |
| 64 | S. Viji | 35,994 | 4.29 | Auto Ancillaries, Finance | 78 |
| 65 | T.S. Kalyanaraman | 35,723 | 4.26 | Gems & Jewellery | 77 |
| 66 | Acharya Balkrishna | 35,346 | 4.21 | FMCG | 52 |
| 67 | Bhavish Aggarwal | 33,426 | 3.98 | New Age Tech | 38 |
| 68 | Bajranglal Taparia | 32,808 | 3.91 | Plastics | 89 |
| 69 | G.M. Rao | 32,575 | 3.88 | Airports, Infrastructure | 74 |
| 70 | Anu Aga & family | 32,313 | 3.85 | Capital Goods | 81 |
| 71 | Arvind Poddar | 31,884 | 3.8 | Auto Ancillaries | 66 |
| 72 | Abhay Firodia | 31,603 | 3.76 | Automobile | 79 |
| 73 | N. R. Narayana Murthy | 31,421 | 3.74 | IT | 77 |
| 74 | Lachman Das Mittal | 31,406 | 3.74 | Automobile | 93 |
| 75 | Salil Singhal | 31,025 | 3.7 | Chemicals (Agro) | 78 |
| 76 | Sanjeev Bikhchandani | 30,571 | 3.64 | New Age Tech | 61 |
| 77 | G.V. Prasad & Satish Reddy families | 30,195 | 3.6 | Pharmaceuticals | 63, 57 |
| 78 | Sunil Vachani | 29,943 | 3.57 | Consumer (B2B) | 55 |
| 79 | S. Kris Gopalakrishnan | 29,568 | 3.52 | IT | 68 |
| 80 | Shyam Bhartia & Hari Bhartia | 29,509 | 3.51 | Diversified | 71, 67 |
| 81 | Manohar Lal & Madhusudan Lal | 28,819 | 3.43 | FMCG | 69, 66 |
| 82 | Atul Ruia | 28,490 | 3.39 | Realty | 53 |
| 83 | Kalanithi Maran | 28,322 | 3.37 | Media & Entertainment | 59 |
| 84 | Arun Bharat Ram | 27,869 | 3.32 | Chemicals (Specialty chemicals) | 83 |
| 85 | Sandeep P. Engineer | 27,452 | 3.27 | Consumer | 63 |
| 86 | Murlidhar Gyan Chandani & family | 27,049 | 3.22 | FMCG | 77 |
| 87 | Rafique A. Malik | 26,777 | 3.19 | Retail | 73 |
| 88 | Pavan Jain & Siddharth Jain | 26,711 | 3.18 | Chemicals, Entertainment | 72, 45 |
| 89 | Anurang Jain | 26,444 | 3.15 | Auto Ancillaries | 62 |
| 90 | Harsh Goenka | 26,299 | 3.13 | Diversified | 66 |
| 91 | Balkrishan Gopiram Goenka | 25,942 | 3.09 | Diversified | 57 |
| 92 | Balasubramanian Prabhakaran | 25,594 | 3.05 | Industrials (Transportation equipment) | 51 |
| 93 | Kiran Mazumdar-Shaw | 25,357 | 3.02 | Pharmaceuticals | 71 |
| 94 | Bhadresh K. Shah | 25,111 | 2.99 | Capital Goods | 72 |
| 95 | Deepak Chimanlal Mehta & Sailesh Chimanlal Mehta | 24,888 | 2.96 | Chemicals (Specialty chemicals) | 67, 63 |
| 96 | Falguni Nayar & family | 24,486 | 2.92 | New Age Tech | 61 |
| 97 | Prathap Reddy | 23,675 | 2.82 | Healthcare | 91 |
| 98 | Anand Mahindra | 23,631 | 2.81 | Diversified | 69 |
| 99 | Vinod Kumar Agarwal | 22,789 | 2.71 | Trading (Coal) | 60 |
| 100 | Anand Deshpande | 22,739 | 2.71 | IT | 62 |
| 101 | Samir Jain & Vineet Jain | 22,394 | 2.67 | Media & Entertainment | 70, 59 |
| 102 | Mannalal B Agrawal | 21,953 | 2.61 | Pharmaceuticals | 77 |
| 103 | K. P. Ramasamy | 21,598 | 2.57 | Textiles | 75 |
| 104 | M. Satyanarayana Reddy | 21,158 | 2.52 | Pharmaceuticals | 67 |
| 105 | R.G. Chandramogan | 21,064 | 2.51 | FMCG | 75 |
| 106 | Nandan Nilekani | 20,921 | 2.49 | IT | 69 |
| 107 | Glenn Saldanha & family | 20,598 | 2.45 | Pharmaceuticals | 54 |
| 108 | Sunder Genomal | 20,566 | 2.45 | Retail | 70 |
| 109 | Ravi Modi | 20,444 | 2.44 | Textiles (Apparels) | 47 |
| 110 | Abhay Soi | 20,421 | 2.43 | Healthcare | 50 |
| 111 | Noel Naval Tata | 19,817 | 2.36 | Diversified | 67 |
| 112 | Prem Kumar Arora | 19,753 | 2.35 | Pharmaceuticals | 85 |
| 113 | Chandru Raheja | 19,751 | 2.35 | Realty, Retail | 83 |
| 114 | Yadu Hari Dalmia | 19,652 | 2.34 | Cement, Sugar | 77 |
| 115 | Kushal Narendra Desai & Chaitanya Narendra Desai | 19,538 | 2.33 | Electrical Equipment | 57, 53 |
| 116 | Umesh Sharma | 19,018 | 2.27 | Pharmaceuticals | 71 |
| 117 | Ajay Piramal | 18,309 | 2.18 | Diversified | 68 |
| 118 | K. Dinesh | 18,065 | 2.15 | IT | 70 |
| 119 | Rajendran Govindarajulu & family | 17,596 | 2.1 | Gems & Jewellery | 81 |
| 120 | Rajesh Mehra & family | 17,212 | 2.05 | Consumer | 65 |
| 121 | Satish Mehta & Sunil Mehta | 16,850 | 2.01 | Pharmaceuticals | 73, 61 |
| 122 | Ratan Tata | 16,448 | 1.96 | Diversified | 86 |
| 123 | Savji Dholakia & family | 16,376 | 1.95 | Gems & Jewellery | 62 |
| 124 | A. Krishnamoorthy | 16,227 | 1.93 | Diversified | 86 |
| 125 | Mahabir Prasad Agarwal | 16,178 | 1.93 | Metals (Long steel and ferro alloys) | 78 |
| 126 | Jimmy Naval Tata | 16,052 | 1.91 | Diversified | 82 |
| 127 | K.M. Mammen | 15,962 | 1.9 | Auto Ancillaries | 75 |
| 128 | Shiv Ratan Agarwal & Deepak Agarwal | 15,959 | 1.9 | FMCG | 73, 42 |
| 129 | Piloo-Minocher Tata & family | 15,854 | 1.89 | Diversified | - |
| 130 | Devi Prasad Shetty | 15,438 | 1.84 | Healthcare | 71 |
| 131 | Surendra Kumar Arya | 15,420 | 1.84 | Auto Ancillaries | 66 |
| 132 | Raj K Chandaria | 15,284 | 1.82 | Logistics | 64 |
| 133 | Pradeep Ghisulal Rathod & Pankaj Ghisulal Rathod | 15,188 | 1.81 | Consumer (Glassware, melamine) | 59, 57 |
| 134 | Arvind Lal | 15,078 | 1.8 | Healthcare | 74 |
| 135 | Sushila Devi Singhania, Raghavpat Singhania, Madhavkrishna Singhania & family | 15,001 | 1.79 | Cement | 88, 39, 35 |
| 136 | Pradeep Kumar Aggarwal, Ravi Aggarwal, Devender Aggarwal & Lalit Kumar Aggarwal | 14,951 | 1.78 | Realty | 54, 47, 50, 52 |
| 137 | Prakash M. Sanghvi & family | 14,690 | 1.75 | Metals (Tube) | 68 |
| 138 | Suresh Krishna | 14,518 | 1.73 | Auto Ancillaries | 87 |
| 139 | Anil Gupta | 14,377 | 1.71 | Consumer Electricals | 65 |
| 140 | Vinod R.Tanti & Tanti family | 14,367 | 1.71 | Renewables | 60 |
| 141 | S. D. Shibulal | 14,282 | 1.7 | IT | 69 |
| 142 | Radhe Shyam Agarwal | 14,226 | 1.69 | Diversified | 78 |
| 143 | Rajinder Gupta | 13,830 | 1.65 | Textiles | 65 |
| 144 | Ramesh Kumar Dua & Mukand Lal Dua | 13,811 | 1.65 | Retail | 70, 75 |
| 145 | Radhe Shyam Goenka | 13,593 | 1.62 | Diversified | 77 |
| 146 | Hitesh Chimanlal Doshi | 13,502 | 1.61 | Renewables | 57 |
| 147 | Raamdeo Agrawal | 13,209 | 1.57 | BFSI | 68 |
| 148 | Neeraj Raja Kochhar | 13,062 | 1.56 | Metals (Long steel and ferro alloys) | 66 |
| 149 | Rajnikant Devidas Shroff | 12,864 | 1.53 | Chemicals (Agro) | 90 |
| 150 | Motilal Oswal | 12,814 | 1.53 | BFSI | 62 |
| 151 | Kishore Kumar Jain | 12,781 | 1.52 | Gems & Jewellery | - |
| 152 | M.P. Ramachandran | 12,775 | 1.52 | FMCG | 78 |
| 153 | Vinod Saraf | 12,611 | 1.5 | Chemicals (Specialty chemicals) | 73 |
| 154 | Ashok Ramnarayan Boob | 12,571 | 1.5 | Chemicals (Specialty chemicals) | 72 |
| 155 | Premchand Godha | 12,407 | 1.48 | Pharmaceuticals | 77 |
| 156 | Vinod Kumar Agarwal & family | 12,353 | 1.47 | Construction | 64 |
| 157 | Vijay Baburao Shirke | 11,971 | 1.43 | Realty | 74 |
| 158 | Murari Lal Lohia | 11,866 | 1.41 | Industrials (Transportation equipment) | 71 |
| 159 | Rajesh Sharma | 11,724 | 1.4 | BFSI | 54 |
| 160 | Ashok Patni | 11,641 | 1.39 | Cement | 70 |
| 161 | Prakash Chauhan | 11,621 | 1.38 | FMCG | 77 |
| 162 | Sanjay Agarwal | 11,601 | 1.38 | BFSI | 53 |
| 163 | Mahendrakumar Kabra & Shreegopal Kabra | 11,587 | 1.38 | Electrical equipment (Cables) | 60, 62 |
| 164 | Sanjay Gupta & family | 11,554 | 1.38 | Metals (Tube) | 53 |
| 165 | Rameshchandra Jain | 11,505 | 1.37 | Textiles | 76 |
| 166 | Dineshchandra Rameshwarji Agrawal | 11,402 | 1.36 | Construction | 75 |
| 167 | Onkar Kanwar | 11,378 | 1.36 | Auto Ancillaries | 82 |
| 168 | Ajay S. Shriram | 11,257 | 1.34 | FMCG (Sugar) | 70 |
| 169 | B. Soundararajan & G. B. Sundararajan | 11,228 | 1.34 | FMCG | 63, 61 |
| 170 | Anil Kumar Singh & family | 11,156 | 1.33 | Construction | 58 |
| 171 | T.T. Jagannathan | 10,934 | 1.3 | Consumer | 76 |
| 172 | Ronnie Screwvala | 10,863 | 1.29 | New Age Tech | 67 |
| 173 | Nanu Narotaram Gupta family | 10,602 | 1.26 | Retail | 80 |
| 174 | Asish Mohapatra & Ruchi Kalra | 10,470 | 1.25 | New Age Tech | 42, 39 |
| 175 | Ashok Kajaria | 10,430 | 1.24 | Consumer | 76 |
| 176 | Rajiv Kumar Gupta | 10,237 | 1.22 | FMCG | 63 |
| 177 | Premji Kheper Ruparel | 10,092 | 1.2 | FMCG | 92 |
| 178 | Chandubhai Virani & family | 9,850 | 1.17 | FMCG | 61 |
| 179 | Srikant Badve | 9,845 | 1.17 | Auto Ancillaries | 58 |
| 180 | Ashwin Desai | 9,793 | 1.17 | Chemicals (Specialty chemicals) | 72 |
| 181 | Jayen Ramesh Shah & Mukesh Maganlal Shah | 9,694 | 1.15 | Chemicals (Specialty chemicals) | 61, 68 |
| 182 | Chirayu Amin | 9,603 | 1.14 | Pharmaceuticals | 77 |
| 183 | Chandrakant Vallabhaji Gogri & Rajendra Gogri | 9,342 | 1.11 | Chemicals (Specialty chemicals) | 76, 62 |
| 184 | Ram Bharat | 9,141 | 1.09 | FMCG | 45 |
| 185 | Sunjay Kapur | 8,465 | 1.01 | Auto Ancillaries | 52 |
