Ambani pips Adani for top spot: On richest Indians' list, tracing 5 years of flip-flop
This first-second juggle between the richest two families in India on Hurun list began in 2022 when Adani overtook the Reliance chairman to become wealthiest
Reliance Industries Limited (RIL) chairman Mukesh Ambani and family dethroned Gautam Adani and his family to become India’s richest in the M3M Hurun India Rich List 2025.
Mukesh Ambani and Gautam Adani (File Photo)
{{^htLoading}} {{/htLoading}}
Ambani secured the top spot with a net worth of ₹9.55 lakh crore, while Adani was named the second richest with a net worth of ₹8.15 lakh crore.
Roshni Nadar Malhotra, chairperson of HCL Technologies, was named India’s richest woman as she entered the top 3 for the first time with a wealth of ₹2.84 lakh crore.
Adani had dethroned Ambani and claimed the top spot in 2024, with a wealth of ₹11.6 lakh crore.
This ‘flip-flop’ between two of the richest business families in the country began in 2022 when Adani overtook the Reliance chairman to become the wealthiest. Until then, Ambani had occupied the top spot for 10 years straight.
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
Here’s a look at the ‘flip-flop’ between the two businessmen over the past few years:
Hurun India Rich List 2022
{{/usCountry}}
{{#usCountry}}
Here’s a look at the ‘flip-flop’ between the two businessmen over the past few years:
Hurun India Rich List 2022
{{/usCountry}}
Gautam Adani dethroned Mukesh Ambani in the 2022 list to become the richest man in the country with a net worth of ₹10.94 lakh crore.
Before this, the Reliance chairman had held the top spot for a decade.
Mukesh Ambani reclaimed the top spot from Adani in the Hurun India Rich List 2023.
Notably, Ambani and his family secured the top spot with a net worth of ₹8.08 lakh crore, while Adani came in second with a net worth of ₹4.74 lakh crore.
Hurun India Rich List 2024
{{^htLoading}} {{/htLoading}}
Adani dethroned Ambani to become India’s richest individual with a net worth of ₹11.6 lakh crore in the 2024 Hurun India Rich List.
Notably, Ambani and his family secured the second spot with a net worth of ₹10.14 lakh crore.
And in 2025, the spots have flipped again, with Mukesh Ambani back on top.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
Home/India News/Ambani pips Adani for top spot: On richest Indians' list, tracing 5 years of flip-flop
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
