Mukesh Ambani, Chairman & Managing Director of Reliance Industries, has once again claimed the top spot in Forbes India’s 100 Richest People ranking. With a net worth of USD 105 billion, he remains the only centibillionaire on the list.
Mukesh Ambani’s business reach continues to expand — spanning energy, retail, telecommunications, and technology. His most recent venture, Reliance Intelligence, marks the group’s strategic foray into artificial intelligence. He has also announced that Reliance Jio (the telecom arm) will be listed in 2026.
In second place is Gautam Adani and family, with a wealth of USD 92 billion. Adani’s recovery gained momentum after India’s markets regulator found that certain allegations by US short-seller Hindenburg Research in 2023 could not be substantiated.
Ranking third is Savitri Jindal & family of the O.P. Jindal Group, with a net worth of USD 40.2 billion. Though her wealth declined by USD 3.5 billion compared to the previous year, she remains India’s richest woman.
Telecom magnate Sunil Mittal (Bharti Airtel) jumped three positions to fourth place, holding a fortune of USD 34.2 billion. He also posted the largest dollar gain this year, adding USD 3.5 billion.
Shiv Nadar, founder of HCL Technologies, is placed fifth with USD 33.2 billion, slipping one rank from last year.
Radhakishan Damani & family (DMart) rank sixth at USD 28.2 billion
Dilip Shanghvi & family (Sun Pharma) are seventh with USD 26.3 billion
The Bajaj family, with interests in finance, insurance, autos, hold USD 21.8 billion at eighth place
Cyrus Poonawalla, head of Serum Institute, ranks ninth with USD 21.4 billion
Kumar Birla of Aditya Birla Group is tenth at USD 20.7 billion
Hinduja family lands at eleventh with USD 20.6 billion
Doshi siblings make their debut at No. 37 with USD 7.5 billion, thanks to Waaree Energies, India’s largest solar panel maker by capacity.
Sunil Vachani enters at No. 80 with USD 3.85 billion; his firm, Dixon Technologies, produces electronics for brands like Samsung and Xiaomi.
Returning names include Leena Tewari (USV) at 82, P.N.C. Menon (Sobha) at 87, and K.P. Ramasamy (KPR Mill) at 97.
Meanwhile, seven individuals from last year’s list have dropped out this year. The cut-off net worth figure slid slightly to USD 3.2 billion from USD 3.3 billion in 2024.
The combined wealth of India’s top 100 billionaires recorded a 9 % drop in 2025 — a loss of USD 100 billion — bringing the total to USD 1 trillion. This decline reflects the volatility of global markets and currency shifts that impacted asset valuations.
Despite the fall, Ambani retained his position at the top. According to reports, his net worth fell by USD 14.5 billion, yet he still stood out as India’s sole centibillionaire.
Globally, in 2025, Mukesh Ambani is recognized as Asia’s richest and among the few in the "$100 billion club" as per Forbes listings.
As 2025 unfolds, Mukesh Ambani’s position as India’s only centibillionaire in the Forbes India 100 Richest list underscores both his staying power and the challenges facing India’s elite. While many fortunes shrank amid global headwinds, Ambani’s diversified empire continues to hold firm.
This year’s list also underlines a broader wealth contraction — a 9 % drop in combined net worth — signaling that even the richest are not immune to market forces, policy shifts, and macroeconomic stresses.
For readers and analysts alike, the narrative is clear: wealth in India is rising and falling fast, dominance is contested, and the threshold for making the top 100 is becoming steeper.