Forbes India, on Thursday, October 12, released its annual list of the 100 richest Indians with a mix of several business tycoons from different industries. Reliance Industries chairperson Mukesh Ambani took the top spot yet again with a net worth of $92 billion, which is $4 billion more than last year.
Nine women billionaires also made it to the list with a cumulative wealth of $57.96 billion.
Among them, only Savitri Jindal of steel conglomerate OP Jindal group was among the top five richest Indians with a net worth of $24 billion. She is the only woman to have achieved such a feat. According to Forbes, she also saw the second-largest wealth gain this year with $7.6 billion.
Next at the 28th spot is Rekha Jhunjhunwala, the wife of the late Rakesh Jhunjhunwala—the Big Bull of India’s stock markets. She made her debut on the list as his replacement after he passed away in August 2022. Her current net worth as per Forbes is $7 billion. Their portfolio includes Titan, Star Health and Allied Insurance, and Metro Brands.
Vinod Rai Gupta of multinational electrical equipment company Havells India is ranked 30th along with her son Anil Rai Gupta. Their total net worth is $6.7 billion. The company was founded by her late husband Qimat Rai Gupta in 1958 and is currently active in over 60 countries.
Landmark Group’s CEO and chairperson Renuka Jagtiani takes the 44th spot on the list with a net worth of $4.8 billion. She took over her role after her husband passed away earlier in May this year. Jagtiani founded the Dubai-based company in 1973 and now has over 2,200 stores across 24 countries. It is also termed one of the biggest retail and hospitality conglomerates in India. Its subsidiaries include Max Fashion, Lifestyle, Splash and more.
Leena Tewari, chairperson of healthcare giant USV India is on the 45th rank with a net worth of $4.75 billion. Mallika Srinivasan, chairperson of Amalgamations group is best known for diesel engine maker Simpson & Co., and tractor manufacturer TAFE, is number 83 with a net worth of $2.84 billion.
On the 87th spot is Anu Aga with a net worth of $2.7 billion because of her majority stake in the listed engineering firm Thermax.
Nykaa founder Falguni Nayar saw her net worth decline by 35.05% this year, as per Forbes. Her net worth came down to $2.65 billion from $4.08 billion, also leading to a drop in 44 ranks on the list. The company was listed in November 2021, making her India’s richest self-made female entrepreneur.
Kiran Mazumdar Shaw, the founder and executive chairperson of Biocon is the last female on the list at 92nd rank with a net worth of $2.52 billion. She is also a recipient of Padma Shri and Padma Bhushan. She founded Biocon out of her garage in 1978.
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