Mukesh Ambani Tops Forbes India Rich List With $105 Billion Fortune

Mukesh Ambani has once again been named India's wealthiest person with a net worth of $105 billion. The Reliance Industries chairman, who recently launched an AI venture, also plans to take his telecom unit, Jio, public in 2026.

Following Ambani is infrastructure tycoon Gautam Adani and his family, holding the second spot with a fortune of $92 billion. Adani's wealth stabilized after India's securities regulator found that allegations from US short-seller Hindenburg Research could not be proven.

The rest of the top five includes:

No. 3: Savitri Jindal of the OP Jindal Group with $40.2 billion.

No. 4: Sunil Mittal and his family, who were the biggest dollar gainers, saw their wealth jump by $3.5 billion to $34.2 billion.

No. 5: Tech billionaire Shiv Nadar with a fortune of $33.2 billion.

New Faces and Overall Trends

Several newcomers made the list, including the Doshi siblings of Waaree Energies at No. 37 ($7.5 billion) and Sunil Vachani of Dixon Technologies at No. 80 ($3.85 billion).

However, the collective wealth of India's 100 richest people dropped by 9% to $1 trillion. Forbes attributes this $100 billion decline primarily to a weaker rupee and a 3% dip in the Sensex stock index since the last evaluation. The minimum net worth required to make the list also fell slightly to $3.2 billion.