Mukesh Ambani, chairman and managing director of Reliance Industries, holds the top spot in Forbes’ India’s 100 Richest 2025 with a net worth of around ₹8,78,500 crore (about $105 billion), a drop of 12% or roughly $14.5 billion from last year. Ambani, who has stepped into Artificial Intelligence with his venture Reliance Intelligence, is planning to take Reliance’s telecom arm Jio public in 2026. Reliance owns Network 18, publisher of Forbes India.
Adani holds second, Mittal climbs to fourth

Infrastructure magnate Gautam Adani and family come in second, with wealth estimated at ₹7,70,600 crore ($92 billion). Adani received relief when India’s securities regulator in September found that allegations by US short‑seller Hindenburg Research of fraudulent transactions could not be conclusively established — allegations which heavily impacted the group's share prices in 2023.

In third place is Savitri Jindal of the O P Jindal Group, whose net worth has slipped by about ₹29,900 crore to ₹3,36,200 crore (now about $40.2 billion). Telecom veteran Sunil Mittal is the biggest dollar‑gainer this year, with his wealth increasing by $3.5 billion to about ₹2,88,000 crore ($34.2 billion), pushing him up to 4th place from his previous rank. Shiv Nadar, who held the 4th spot last year, falls to 5th with ₹2,79,600 crore ($33.2 billion).

Notable newcomers and returnees in 2025

Newcomers to 2025’s ranking include the Doshi siblings at No. 37 with about ₹63,000 crore ($7.5 billion), thanks to their solar‑panel maker Waaree Energies going public at a high premium. Another newcomer is Sunil Vachani of Dixon Technologies, at No. 80 with about ₹32,600 crore ($3.85 billion). Some returnees include Leena Tewari (No. 82, ~₹32,200 crore), P N C Menon (No. 87, ~₹30,800 crore), and K.P. Ramasamy (No. 97, ~₹28,200 crore). Seven individuals dropped off this year; the cut‑off for entry into the top 100 is now approximately ₹26,000 crore (~$3.2 billion), down slightly from last year.

Forbes compiled the list using financial disclosures, share data, market valuations, regulatory filings and exchange rates as of September 19. The ranking includes extended family fortunes and shared holdings, especially in cases like the Bajaj and Burman families.

Entry cut-off and methodology

Seven individuals dropped off this year; the cut‑off for entry into the top 100 is now approximately ₹26,000 crore (~$3.2 billion), down slightly from last year.

Forbes compiled the list using financial disclosures, share data, market valuations, regulatory filings and exchange rates as of September 19. The ranking includes extended family fortunes and shared holdings, especially in cases like the Bajaj and Burman families.