Mukesh Ambani Regains Title as India’s Wealthiest on Forbes 2023 List

Indian entrepreneur Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has reclaimed his position as India’s wealthiest individual, amassing a total wealth of $92 billion this year, a $4 billion increase.

This surpasses Gautam Adani, who held the top spot last year but experienced a significant decline of $82 billion in fortunes following a negative report by US short-seller Hindenburg Research.

Climbing two positions to reoccupy the third spot is software magnate Shiv Nadar, with a net worth of $29.3 billion. Savitri Jindal ($24 billion) takes the fourth spot, followed by Radhakishan Damani ($23 billion) in fifth place. Among the notable gainers this year are Inder Jaisinghani, whose fortunes nearly doubled to $6.4 billion, and Pharma siblings Ramesh and Rajeev Juneja, who saw a 64% boost from the listing of their company, Mankind Pharma, last May. 

The combined wealth of India’s top 100 richest individuals barely changed this year, totaling $799 billion, slightly lower than the $800 billion in 2022, according to Forbes.

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