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Top 10 Richest People in India

March 13, 2017

Top Ten Richest People in India

Shanghai headquartered, Harun Report Inc., has just released the Harun Global Rich List 2017, which confirms Mukesh Ambani, Chairman, Reliance Industries, as the wealthiest person in India, with a net worth of Rs 1,75,400 crore (US$20 billion). He ranks 29th out of 2,257 billionaires in the world. Established in 1999 in Shanghai and having offices in several countries, including India, Harun Report has been reporting annually on the top 100 richest persons in the world and also tracking those who made it to the list and those that exited it.

The report reveals additional interesting facts:

  • 2016 added 69 new billionaires to the list, taking the global total to 2,257 billionaires.
  • Of these, 1,037 saw their wealth increase with 343 new entrants to the list. 740 billionaires saw their wealth decrease, while 276 dropped off the previous year’s list.
  • Germany displaces India to rank third in the list of billionaires.
  • Total wealth of global billionaires touches US$8 trillion, representing 10.7% of global GDP.
  • Bill Gates of Microsoft remains the richest man, followed by Warren Buffet of Berkshire Hathaway and Jeff Bezos of Amazon in the third place. Mark Zuckerberg of the Facebook ranks fifth.
  • Asia beat North America in the total number of billionaires, once again confirming the rise of Asia as an emerging economic power region.
  • 29% of the total billionaires are of Chinese origin – 652 in all.
  • 609 billionaires came from Greater China while USA produced 552. Germany stood in third position with 109 billionaires and India was at fourth rank with 100.
  • For the second year running, Beijing beats New York as the billionaire capital of the world, with Honk Kong Shenzhen in the third place ahead of London. Thus, confirming China’s position as the fastest wealth creating country in the world.
  • In terms of sectors, technology created the maximum wealth. Traditional sector like real estate now ranks behind manufacturing and investment, in that order.
  • Women comprise 15% of the total list with China producing 79.5% of the 152 self-made female billionaires. Kiran Mazumdar Shaw of Biocon, with a net worth of Rs 12,900 crore, is the only self-made Indian woman to be part of the list.
  • In terms of richest families, The Waltons of Walmart and the Koch family of Koch Industries, were the two richest, respectively.
  • In terms of wealthiest companies by market capitalisation, Alphabet (Google) topped the list with US$585 billion, Microsoft ranked second with US$500 billion and Berkshire Hathaway stood third with US$416 billion.

Here is a list of the Top 10 Richest Indians 2017

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  • The Harun Report reveals the top 132 of India’s wealthiest had a collective worth of Rs 26,90,376 crore, marking an increase of 16% over the previous year. Here, it may be added that wealth and net worth creation through listed companies varies based on the increase, or decrease in the share value of that firm.
  • As per the list of richest Indians, SP Hinduja and family of the Hinduja Group stands in second position. At Rs 99,000 crore, Dilip Shanghvi, Chairman of Sun Pharmaceuticals ranks third. Interestingly, the report reveals that 21 billionaires from India are from the pharmaceuticals industry, which is a positive reflection of how strong the pharmaceutical industry is evolving in India.
  • Pallonji Mistry of Shapoorji Pallonji Group is in fourth position with a net worth of Rs 82,700 crores. He also happens to be the largest single shareholder in Tata Sons.
  • Individuals like Acharya Balakrishna of Patanjali Ayurveda and Vijay Shekhar Sharma of Paytm have registered sharp increase in net worth, the latter benefiting from the demonetisation move of the government. Divyank Turakhia of Directi is the other name new to the list.
  • Lakshmi Mittal, who saw a significant erosion of his wealth due to the global economic slowdown has made it to the fifth position.
  • 42 billionaires were Mumbai based, 21 Delhi based and 9 came from Ahmedabad.
  • In India, 20 billionaires came from the pharmaceuticals industry, 20 each from manufacturing and TMT sectors.


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