In October 2025, Forbes, an American global media company has released the latest edition of Forbes 100 India’s Richest 2025’ List. As per the report, Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL) has retained the top spot as India’s Richest Man with a net worth of USD 105 billion, marking his 14th consecutive year at the top despite a 12% decline from the previous year.
- Gautam Adani , founder and chairman of Adani Group, has again ranked at 2nd position on the list, with total wealth of USD 92 billion.
- He is followed by Savitri Jindal, the matriarch of OP Jindal Group, has also reclaimed 3rd spot on the list with net worth of USD 40.2 billion.
Exam Hints:
- What? Release of Forbes’100 India’s Richest 2025’ list
- Released by: Forbes
- Top 3 Richest Indians: Mukesh Ambani & family ( USD 105 billion); Gautam Adani & family (Rs 92 billion) and Savitri Jindal & family(USD 40.2 billion)
- Cut-off Net Worth: USD 3.2 billion
- Cumulative Decline in Wealth of Top 100: 9% or USD 100 billion to USD 1 trillion
- Biggest Gainer: Sunil Bharti Mittal (Bharti Enterprises)
- New Entrants:Doshi Siblings – Waaree Energies, Alpana Dangi – Authum, Sunil Vachani – Dixon
Methodology:
Source: The 2025 list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and regulatory agencies in India.
Calculation of Fortunes: The ranking features family fortunes, including those shared among extended families such as the Bajaj and Burman families.
- Public fortunes were determined based on stock prices and exchange rates as of September 19, 2025. While, private companies fortunes were calculated based on similar companies that are publicly traded.
- The list can also feature foreign citizens with business, residential or other ties to the country, or citizens who don’t live in the country but have significant business or other ties to the country.
Minimum Net Worth: For year 2025, the minimum net worth to enter the Forbes list decreased marginally from USD 3.3 billion (in 2024) to USD 3.2 billion, which led to the exclusion of 7 billionaires from this year’s list.
Top 5 Richest Indians in 2025:
| Rank | Individual Name | Company Name | Total Wealth (USD Billion) |
|---|---|---|---|
| 1 | Mukesh Ambani & family | Reliance Industries Limited (RIL) | 105 |
| 2 | Gautam Adani & family | Adani Group | 92 |
| 3 | Savitri Jindal & family | OP Jindal Group | 40.2 |
| 4 | Sunil Mittal & family | Bharti Enterprises | 34.2 |
| 5 | Shiv Nadar | HCL Technologies | 33.2 |
Key Highlights:
Decline in Wealth : As per the Forbes latest list, the cumulative wealth of India’s 100 richest in 2025 declined by 9% or USD 100 billion to USD 1 trillion.
- The report outlined this decrease in wealth was mainly due to a weaker rupee and a 3% drop in the benchmark Sensex since fortunes were last measured.
- The report further highlighted that nearly 2/3rd (66.66%) of those featured on the list are less well-off this year including India’s Richest Person, Mukesh Ambani who witnessed overall drop in net worth.
Biggest Gainer: Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, emerged as the biggest gainer on the 2025 list, with his wealth rising by USD 3.5 billion to USD 34.2 billion, moving him up from 7th to 4th position.
Other Top 10 Richest Indians: Shiv Nadar, Founder of HCL Technologies ranked at 5th spot (down from 4th spot in 2024) with net worth of USD 33.2 billion.
- He is followed by Radhakishan Damani & family, founder of Avenue Supermarkets Limited (DMart) (ranked at 6th spot with net worth of USD 28.2 billion); Dilip Shangvi & family of Sun Pharmaceutical Industries (7th with USD 26.3 billion); Bajaj family ( 8th with USD 21.8 billion); Cyrus Poonawalla, Chairman of Serum Institute of India (SII) ( 9th spot with USD 21.4 billion) and Kumar Birla, Chairman of Aditya Birla Group (r 10th spot with 20.6 billion).
New Entrants: This year, a total of 3 newcomers (down from 4 in 2024 list) featured on Forbes 100 Richest Indian list.
- Among these 3 newcomers, Doshi Siblings, owners of Waaree Energies (India’s largest manufacturing company of solar panels), ranked at 37th spot with combined wealth of USD 7.5 billion.
- Alpana Dangi, who has a majority stake on the board of financial firm Authum Investment and Infrastructure, has been ranked at 67th spot with total wealth of USD 4.3 billion.
- While, Sunil Vachani, founder and Chairman of Dixon Technologies, has been ranked at 80th spot with net worth of USD 3.85 billion.
Returnees: This year, 4 Indian billionaires returned to the list, including Leena Tiwari Chairperson of USV India (ranked at 82nd with net worth of USD 3.8 billion);
- P.N.C. Menon owner of real estate company, Sobha Developers (ranked at 87th with net worth of USD 3.6 billion);
- K.P. Ramaswamy of KPR Mill (ranked at 97th with net worth of USD 3.3 billion);
- Brothers Manohar Lal and Madhusudhan Agarwal who merged their business Haldiram Snacks with older brother Shiv Kishan Agarwal who used to run Haldiram Foods International; the new merged company is now known as ‘Haldiram Snacks Food’, ranked at 28th spot with net worth of USD 9 billion.
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Chief Executive Officer (CEO) – Sherry Phillips
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