Top 5 richest people in India (July 2025): Their combined net worth can't match Elon Musk's fortune
As of today, July 17, 2025, the combined net worth of India's richest people is around $279.5 billion—far less than Elon Musk's staggering wealth of $400.7 billion, according to Forbes. Let's take a look at the top Indian billionaires and how they've built their empires.
India's Billionaire Boom in 2025
India has seen a strong rise in the number of billionaires. According to Hurun's Global Rich List (March 2025), the country now has 284 billionaires — 13 more than last year. In 2022, India had 249 billionaires, but the number dropped to 187 in 2023 due to market disruptions. However, the country made a big comeback in 2024 with 276 billionaires. This steady growth now makes India the world's third-largest hub for billionaires, after the USA and China.
The collective wealth of these tycoons stands at an eye-watering Rs 91.35 lakh crore ($1,067,582.93 million), surpassing even the GDP of Saudi Arabia. This rise marks a 10% increase year-on-year, showcasing the strength and expansion of Indian enterprise.
Top 5 Richest People in India (July 2025)
1. Mukesh Ambani – $112 Billion
Mukesh Ambani, chairman of Reliance Industries, continues to be the richest person in India in July 2025 with a net worth of $112 billion. He is also the only Asian featured in Forbes' exclusive $100 billion club.
Reliance operates across major sectors like oil refining, retail, digital services, and 5G technology. Ambani is also investing heavily in green energy and telecom, helping him stay at the top of India's richest people list.
2. Gautam Adani – $68.4 Billion
Gautam Adani, founder of the Adani Group, is the second richest person in India with a net worth of $68.4 billion. Although his wealth has dropped since 2024, he remains one of the strongest business leaders in India's infrastructure sector.
His group runs key assets like ports, airports, power stations, and renewable energy plants. The Adani Foundation, led by his wife Priti Adani, works on various social projects across the country.
3. Savitri Jindal & Family – $37.8 Billion
Savitri Jindal, chairperson emeritus of the O.P. Jindal Group, is India's richest woman with a net worth of $37.8 billion. She took charge of the family business after the passing of her husband, Om Prakash Jindal.
Her four sons manage different sectors of the group, which focuses on steel, power, cement, and infrastructure. The group also promotes sports in India through JSW Sports.
4. Shiv Nadar – $34.6 Billion
Padma Bhushan Shiv Nadar, founder of HCL Technologies, ranks fourth on the list of the richest people in India, with a net worth of $34.6 billion. He played a key role in building India's IT sector, and HCL now serves global giants like Microsoft, Cisco, and Boeing.
He is also known for his charitable work, donating over Rs 1,100 crore in 2022 to support education and development.
5. Dilip Shanghvi – $26.7 Billion
Dilip Shanghvi, founder of Sun Pharmaceutical Industries, is the fifth richest Indian in 2025, with a net worth of $26.7 billion. Sun Pharma became the first Indian pharmaceutical company to cross a $5 billion valuation under his leadership.
A major milestone in his journey was the $4 billion acquisition of Ranbaxy Laboratories in 2014, which helped Sun Pharma become a global pharmaceutical leader.
Elon Musk vs India's Billionaires: The Huge Wealth Gap
While India's top five billionaires are extremely wealthy and powerful, their combined fortune of $279.5 billion still falls short of Elon Musk's net worth, which is $400.7 billion as per Forbes.
The Tesla and SpaceX founder continues to top the global rich list, with a gap of over $120 billion between him and India's richest people combined.
The richest people in India continue to shape the nation's economic future, leading global businesses and fuelling innovation. While they may not have reached Elon Musk's net worth just yet, their influence and legacy in Indian and global markets are undeniable.
Stay tuned as India's richest individuals evolve and new names rise to the top of the Forbes billionaires list.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
22 minutes ago
- Time of India
Meta, X and LinkedIn appeal unprecedented VAT claim by Italy
Academy Empower your mind, elevate your skills US tech giants Meta, X and LinkedIn have lodged an appeal against an unprecedented VAT claim by Italy that could influence tax policy across the 27-nation European Union, four sources with direct knowledge of the matter said on is the first time that Italy has failed to reach a settlement agreement after bringing tax cases against tech companies, resulting in a fully-fledged judicial tax trial being to the sources, this came about because the case went beyond agreeing on a settlement figure and sought to establish a broader approach focused on how social networks provide access to their tax authorities argue that free user registrations with X, LinkedIn and Meta platforms should be seen as taxable transactions as they imply the exchange of a membership account in return for a user's personal issue is especially sensitive given wider trade tensions between the EU and the administration of US President Donald is claiming 887.6 million euros ($1.03 billion) from Meta, 12.5 million euros from X and around 140 million euros from the parent company of Facebook and Instagram, Elon Musk's social network X and Microsoft's LinkedIn filed their appeals with a first instance tax court after mid-July, when the deadline for responding to a tax assessment notice issued by Italy's Revenue Agency in March to several experts consulted by Reuters, the Italian approach could affect almost all companies, from airlines to supermarkets to publishers, who link access to free services on their sites to users' acceptance of profiling could also eventually be extended across the EU where VAT is a harmonised a statement to Reuters, Meta said that it had cooperated "fully with the authorities on our obligations under EU and local law".It added that the company "strongly disagrees with the idea that providing access to online platforms to users should be subject to VAT".LinkedIn said it had "nothing to share at this time".X did not respond to a request for comment from is uncertain whether a full trial of the matter, which involves three levels of judgement and takes an average of 10 years, will go discussions with the three companies, Italy is preparing as a next step to seek an advisory opinion from the European Commission, the sources Italian Revenue Agency will have to prepare specific questions, which the Economy Ministry will then send to the EU Commission's VAT Committee, which meets twice a aims to submit its questions for the meeting scheduled to be held by early November, in order to receive the EU's comments in time for the following meeting in spring Economy Ministry and Revenue Agency declined to EU Commission's VAT Committee is an independent advisory group. While its assessment will be non-binding, a "No" could prompt Italy to halt the case and ultimately drop the criminal investigation by Italian prosecutors, according to the dispute is one of several between Europeans and US Big July 11 Reuters exclusively reported that Meta would not be tweaking its pay-or-consent model further despite the risk of EU to a Financial Times report on July 17, the European Commission has stalled one of its investigations into Musk's platform X for breaching its digital transparency rules while it seeks to conclude trade talks with the US.
The Hindu
22 minutes ago
- The Hindu
Super League Kerala signs five-year Rs 100-crore streaming rights deal with Sports.com
a part of the USA-based SEGG Media Group, has signed a five-year global partnership with Super League Kerala that could increase the football league's viewership in a big way. 'This is a Rs 100-crore deal and the contract is for five years. The global live streaming rights are now with Mathew Joseph, the CEO of the Super League Kerala (SLK), told Sportstar on Monday. 'This is also first entry into India; it will become the exclusive OTT platform for the SLK, and it will be free of cost. That is what we are more interested in,' he added. Joseph revealed that the deal, signed in Dubai, will also help build more content around the SLK, which attracted nearly 13 million viewers for its debut season last year. ALSO READ | VP Suhair set to join Jamshedpur FC ahead of Durand Cup 'They will also help us with content creation around the SLK which they have done globally for many sports…behind the scenes, they create a lot of interesting documentaries,' said Joseph. 'This deal represents a huge leap forward for the SLK. It allows us to amplify our reach across continents while delivering world-class fan engagement and streaming experiences to millions who love Kerala football,' said Firoz Meeran, Director, SLK. 'This is more than a sports rights deal. To enter the Indian market through Kerala, a State with an electrifying football culture and millions of global fans, gives us a high-growth, cash-yielding product to launch the app with force,' Firoz added. Related Topics Super League Kerala
Hans India
22 minutes ago
- Hans India
Havells India's Q1 net profit falls 33 pc sequentially, revenue down 17 pc
Mumbai: Havells India on Monday reported a net profit of Rs 347.53 crore in the first quarter (Q1) of FY26, down 32.78 per cent on quarter-on-quarter (QoQ) basis from Rs 517 crore in Q4 FY25. Revenue from operations also dropped by 16.63 per cent, falling to Rs 5,455.35 crore from Rs 6,543.56 crore in the previous quarter, according to its stock exchange filing. Total income for the quarter also followed suit and stood at Rs 5,524.53 crore -- marking a 16.45 per cent decline from Rs 6,612.28 crore in Q4 FY25. Year-on-year (YoY), the company also saw a drop in its profit. Consolidated profit after tax (PAT) fell 14.75 per cent from Rs 407.51 crore in the April-June quarter of the previous fiscal. Revenue from operations also declined 6 per cent YoY from Rs 5,806.21 crore in Q1 FY25. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to Rs 570 crore, slightly lower than Rs 576 crore in the same quarter previous year. The EBITDA margin dropped to 5.6 per cent, compared to 9.9 per cent a year ago, as per its exchange filing. Havells attributed the weak performance to an unusually mild summer this year, which hurt demand for cooling products like fans and air coolers. It noted that while industrial and infrastructure demand remained strong, consumer sentiment was weak. "Tepid summer this year, in contrast to the strong season last year, led to significant decline in cooling products," the company said in its exchange filing. Among its segments, wires and cables performed strongly, with revenue rising 27.1 per cent to Rs 1,933 crore compared to Rs 1,521 crore a year ago. However, the lighting and fixtures business slipped 3.1 per cent to Rs 374 crore. The company also highlighted that the performance of its Lloyd brand was impacted due to unseasonal rains and a shorter summer, leading to higher inventory levels and flattish growth in the first half of the calendar year. The results were announced after market hours. Ahead of the announcement, Havells' stock closed 0.95 per cent higher at Rs 1,533 on the National Stock Exchange (NSE).
