Forbes 2025: India Has 205 Billionaires, Mukesh Ambani Still No. 1

India’s richest person remains unchanged this year, with Mukesh Ambani once again leading the Forbes list of wealthiest Indians in 2025. With an estimated net worth of $115.9 billion, the Reliance Industries chairman also stands out globally, ranking 15th in the world and becoming the only Asian in Forbes’ elite $100 billion club.

The Forbes mid-year list, released on July 4, highlights India’s top billionaires as of July 2025, based on their holdings across key sectors like energy, infrastructure, telecom, and real estate.

Gautam Adani Holds Second Spot 

Gautam Adani, head of the Adani Group, maintains the second position in India’s wealth rankings. Despite the impact of a damaging 2023 report by U.S.-based Hindenburg Research, which accused the group of financial misconduct, Adani has staged a robust comeback. His group’s diversified interests — including ports, power, and airports — helped him bounce back, with a net worth estimated around $83 billion.

Savitri Jindal: The Sole Woman Billionaire in the Top 10

Savitri Jindal, matriarch of the O.P. Jindal Group, continues to be India’s richest woman, coming in at fourth place with $37.3 billion in net worth. Her family’s fortune is rooted in steel and power, with Jindal also playing an active role in politics. She remains a powerful symbol of both business acumen and public service in India.

Kushal Pal Singh: The New Face in the Billionaire Club

One of the noteworthy additions to the list is Kushal Pal Singh, the non-executive chairman of DLF, India’s largest listed real estate company. A former army officer, Singh led DLF for decades before handing the reins to his son, Rajiv Singh. His resurgence to the top 10 signals the resurgence of India’s real estate sector in 2025.

India's Billionaire Count Rises, but Wealth Sees Minor Dip

As of July 2025, India is home to 205 billionaires, up slightly from 200 last year, placing it behind only the United States and China. However, the total net worth of these billionaires has dipped to $941 billion from $954 billion in 2024. This decline is largely due to market corrections affecting the fortunes of the top two billionaires.

Despite this, the list showcases the breadth of India’s economic influence, spanning traditional industries and emerging sectors alike.

Top 10 Richest Indians in 2025 (As per Forbes)

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