India’s Richest 2024 - A Fortune India - Waterfield Advisors Ranking

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India’s Richest 2024 - A Fortune India - Waterfield Advisors Ranking

article • Investment Management

Fortune India & Waterfield Advisors

2024-09-05 | 5 minutes

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

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