Our focus in this piece of informative writing is about the Richest People in India Right Now. The Indian rich people list has changed seeing some people gaining more profit and others drop. In fact, the number of billionaires in the country has reduced to 102 from 106 that used to be. However, we have selected the 10 richest people in India from the Top 500 Richest Person in India. Sit back and relax as we unveil to you the rich people that make this list.
TOP 10 RICHEST PEOPLE IN INDIA RIGHT NOW 2020
Indian richest people are involved in several businesses including oil and gas, maiming, software, port services and many more. Without further ado, we have highlighted below the richest people in India whom we sieved out from the Top 500 Richest Person in India.
- Mukesh Ambani
- Radhakishan Damani
- Shiv Nadar
- Uday Kotak
- Gautam Adani
- Sunil Mittal
- Cyrus Poonawalla
- Kumar Birla
- Lakshimi Mittal
- Azim Premji
Top 500 Richest Person in India
- #1. Mukesh Ambani
- Net worth: $36.8 billion
- Source of wealth: Petrochemicals, Oil & Gas
Oil and gas tycoon Mukesh Ambani, occupies the first spot on our list of Richest People in India Right Now with a net worth of $36.8 billion also ranked as the number one person on the Top 500 Richest Person in India. Mukesh has consistently remained the richest person India for a while now despite facing a decline in revenue and increase in debt. He is the chairman and managing director of Reliance Industries, the company founded by his late father as a small textile manufacturer. The oil and gas sector of the company has enjoyed dramatic growth expanding its coast to other field including technology.
- #2. Radhakishan Damani
- Net Worth: $13.8 BILLION
- Source of Wealth: Retail, Investments
Radhakishan Damani is a well-known business man, entrepreneur and investor who is the only man on our list to enjoy increase in revenue so far this year, thereby earning him the second spot on our list and also one of the Top 10 Richest Person in India 2020. This is the first time he is sitting in this position. His company, the Avenue Supermarket, is the operator of the D-Mart franchise. Interestingly, his 196 supermarkets were active and relatively unaffected by the national lockdown in India. In addition, he is a shareholder in several companies including VST industries, and United Breweries.
- #3. Shiv Nadar
- Net worth: $11.9 billion
- Source of wealth: Software Services
Shiv Nadir is also carved from the list of Top 10 Richest Person in India 2020 to occupy the third spot in our listing of richest people in India. This Information technology tycoon has an eye for success longtime ago when he pioneer and cofounded HCL Technologies in 1976. The company began in a garage to design and build calculators and microprocessors has grown and developed into a gigantic industry becoming one of the largest software service providers in India. More so, it has a global presence in over 40 countries with over 100,000 employees.
- #4. Uday Kotak
- Net worth: $10.4 billion
- Source of wealth: Banking
As we continue to reel out the Richest People in India Right Now, we have on our list, Uday Kotak, pioneer and head of Kotak Finance. He ventured into the business world almost immediately after graduating from college. Kotak established a finance firm in 1985 and in 2003, convert it into a bank, Kodak Bank.
Presently, the Kotak Mahindra Bank is now one of the top four banks in India, as far as the private sector is concerned.in 2014, the business took a huge step by acquiring ING Bank’s Indian operations which boosted the business revenue.
- #5. Gautam Adani
- Net Worth: $8.9 Billion
- Source of Wealth: Commodities, Port
The fifth richest billionaire in India is also selected from the Top 500 Richest Person in India, and that Gautam Adani a business tycoon. His company is involved in several businesses including power generation, and transmission, edible oil, real estate, and defence. However, the larger chunk of his earning comes from Mundra Port, the largest port in India. To further add to his streams of income, Adani has other business ventures outside India, chiefly the Australia’s Abbot Point port and the Carmichael coal mine. He was given the autonomy to start work on the Australian coal mine billed as one of the largest in the world after a 9 year waiting.
As if that was not enough, he further expanded his business recently, creating two new ventures which are known as airports and data centers.
- #6. Sunil Mittal
- Net worth: $8.8 Billion
- Source of Wealth: Telecom
Sunil Mittal, the Telecom tycoon, and owner of Bharti Airtel are not left out among the Top 10 Richest Person in India 2020. Mittal little days of beginning date back to 1976 when he, his brother and his friend started a business to make crankshafts for local bicycle manufacturers.
Bharti Airtel has grown to become India’s largest mobile phone operators with over 418 million customers in over 18 countries worldwide. He also operates the Airtel Payments Bank, a niche bank that collaborates with Kotak Mahindra Bank.
- #7. Cyrus Poonawalla
- Net Worth: $8.2 Billion
- Source of Wealth: Vaccines
Cyrus Poonawalla is not left out among the Richest People in India Right Now. Cyrus is the chairman of Poonawalla Group which encompasses privately owned Serum Institute of India, India’s top biotech company, as well as the world’s largest vaccine manufacturer going by the number of doses produced and sold globally. The industry is reported to produce around 1.5 billion doses Serum annually of a range of vaccines, which includes measles, polio, and flu. The company is currently up and doing co-developing two COVID-19 vaccines, one with US firm Codagenix, and the other with Institut Pasteur in Paris as well as Austrian biotech firm, Themis.
- #8. Kumar Birla
- Net Worth: $7.6 billion
- Source of Wealth: Commodities
Kumar Birla is the Chairman of the Aditya Birla Group who gradually brings us to a near ending in our listing of Top 10 Richest Person in India 2020. He is the youngest billionaire on this list. After the untimely demise of his father, he took over as Chairman of the Group in 1995. He was at the age of 28. The company is involved in several businesses including cement, aluminum, telecom and financial services. His own company, Vodafone Idea was birthed as a result of the merger of two groups – Vodafone and Idea Cellular competing with the likes of Jio in the competitive Telecom industry.
- #9. Lakshimi Mittal
- Net Worth: $7.4 Billion
- Source of Wealth: Steel
Lakshimi Mittal is not left out among the Top 10 Richest Person in India 2020 occupying the ninth spot on our list. Lakshmi is CEO and Chairperson of ArcelorMittal, the world’s largest steel maker. The company successfully completed the acquisition of Essar Steel, formerly owned by billionaires Shashi and Ravi Ruia. Outside the steel business, Lakshimi also holds 20% stake in Queens Park Rangers F.C. Unfortunately, his company once suffered a huge loss estimated to be around $2.5 billion due to lower steel prices and higher raw material costs.
- #10. Azim Premji
- Net worth: $6.1 billion
- Source of wealth: software services
Azim Premji whom we also selected from the Top 500 Richest Person in India brings us to the end of our discussion coming in at the tenth place with a net worth of over $6 million. Premji holds the chair of CEO and Chairperson of Wipro Limited. He took over the company after the demise of his father in 1966 and has since then diversified the company’s operation including other businesses mostly consumer products like soap, shoes, lightbulbs, and hydraulic cylinders. The company is today chaired by his son, but that did not in any way affect his net worth.
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Conclusion on Top 10 Richest People in India Right Now 2020
We have come to the end of our discussion on the Richest People in India Right Now and we hope you had fun reading through just as we hope you have learnt something new. Despite the economic crisis due to the COVID-19 pandemic outbreak, these people still manage to keep their business empire running raking in profit and generating revenue the more they could. A
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