Mukesh Ambani beats Gautam Adani to regain title of India's richest

The chairman of Reliance Industries was among a record 358 dollar-billionaires who made the list this year.

Updated on: Oct 1, 2025, 16:12:15 IST

By HT News Desk

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Mukesh Ambani was on Wednesday named India’s richest as he regained the top spot in the M3M Hurun India Rich List 2025. The Ambani family maintained the top spot with a net worth of ₹9.55 lakh crore, while Gautam Adani and his family came second with a net worth of ₹8.15 lakh crore.

The Ambani family maintained the top spot with a net worth of ₹9.55 lakh crore. (PTI)

Adani had claimed the top spot in 2024 with a wealth of ₹11.6 lakh crore when he dethroned Ambani. The chairman of Reliance Industries was the richest individual on the Hurun India Rich List 2023 when he surpassed Adani, who had held the position in 2022.

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It is also worth noting that Ambani was India’s richest man in 2021 for the 10th straight year.

Ambani was among a record 358 dollar-billionaires who made the list this year.

Meanwhile, 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.

The total number of billionaires in the country has crossed 350, a sixfold increase since the list debuted 13 years ago. Notably, the combined wealth of all listers stands at ₹167 lakh crore, equal to nearly half of India’s GDP.

Young wealth creators and self-made entrepreneurs

The list also noted many young wealth creators, especially self-made individuals who built fortunes from scratch.

Thirty-one-year-old Aravind Srinivas, founder of Perplexity, was named India’s youngest billionaire with a net worth of ₹21,900 crore.

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As for individuals with self-made success, 66% of the list, about 1,115 people, are self-made. Among the new entries, 74% built their fortunes from scratch.

Mumbai leads the billionaire scene

Mumbai, home to 451 of the wealthiest individuals, still leads the list of cities with the most billionaires.

This was followed by New Delhi with 223 and Bengaluru with 116.

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HT News Desk
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