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Mukesh Ambani overtakes Gautam Adani to secure ‘richest Indian’ title on Hurun India Rich List 2023

Hurun India Rich List 2023

According to the Hurun India Rich List 2023, Mukesh Ambani, chairman of Reliance Industries Limited, has recaptured the title of richest Indian, beating Adani Group chairman Gautam Adani, who saw a significant decrease in wealth due to the damning Hindenburg Research investigation.

Hurun India and 360 ONE Wealth presented the 360 ONE Wealth Hurun India Rich List 2023 on Tuesday. This is the 12th annual ranking of India’s wealthiest persons.

“Despite Reliance Industries’ lacklustre performance in the stock market, Mukesh Ambani (66) reclaimed the title of the richest Indian, surpassing Gautam Adani, who experienced a substantial decline in wealth due to the Hindenburg effect,” according to the research.

Hurun India Rich List 2023

According to the report, Reliance Industries has invested more than $150 billion in the last decade, more than any other firm in India. During this time, Mukesh Ambani’s wealth has increased fourfold, from Rs 1.65 lakh crore in 2014 to nearly Rs 8.08 lakh crore in 2023.

Gautam Adani (61), the head of Adani Group, fell to second place with a fortune of Rs 4.74 lakh crore. Cyrus S Poonawalla (82), the founder of the Serum Institute of India, has retained his number one position.

Shiv Nadar (78) of HCL kept fourth place with a fortune of Rs 2.29 lakh crore, followed by Gopichand Hinduja & family with a fortune of Rs 1.76 lakh crore. Dilip Shanghvi, the founder and CEO of Sun Pharmaceutical Industries, is ranked sixth with a net worth of Rs 1.64 lakh crore.

LN Mittal and family (Rs 1.62 lakh crore), Radhakishan Damani (68) of Avenue Supermarts (Rs 1.44 lakh crore), Kumar Mangalam Birla & family (56) of Aditya Birla Group (Rs 1.25 lakh crore), and Niraj Bajaj and family (Rs 1.2 lakh crore) round out the top ten.

It should be mentioned that Radha Vembu of Zoho has surpassed Falguni Nayyar of Nykaa in the 360 ONE Wealth Hurun India Rich List to become the richest self-made Indian woman.