Get All Access for $5/mo

Mukesh Ambani Only Indian In Hurun Global Rich List's Top 10 Billionaires The report compiled by research platform Hurun in coordination with real-estate group M3M, mentioned that the RIL chief occupied ninth rank globally with a net worth of $82 billion

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Twitter handle

Hurun Global Rich List recently revealed that Mukesh Ambani chairman and managing director of Reliance Industries Limited (RIL), is the only Indian to feature in the list of the world's top 10 billionaires, with a wealth of $82 billion.

The report compiled by research platform Hurun in coordination with real-estate group M3M, mentioned that the RIL chief occupied ninth rank globally with a net worth of $82 billion, despite a 20% decline in wealth.

Gautam Adani lost INR 3,000 crore every week over the last year, as per the report. He has slipped 11 places in this year's ranking, but still remains the third-richest energy entrepreneur in this year's rich list.

"After a report in January by US short-seller Hindenburg led to Adani seeing his wealth down by more than 60% from his peak. Just before the report, Adani was briefly the world's second richest person, noted the report.

Among other Indian billionaires, Cyrus Poonawalla of Serum Institute of India stood at third rank with $27 billion net worth, Shiv Nadar and family ranked fourth with a net worth of $26 billion, followed by Lakshmi Mittal at fifth with $20 billion. Other Indian billionaires include SP Hinduja & family, Dilip Shanghvi & family, Radhakishan Damani & family, and Kumar Mangalam Birla & family followed billionaire banker Uday Kotak at tenth rank.

As per the report, India's contribution to the global billionaire population over the past five years has increased steadily and at present, the country contributes 8% of the total global billionaire population compared to 4.9% five years ago. In terms of the number of billionaires who have added $1billion or more over the last year, India occupies sixth rank in the 2023 M3M Hurun Global Rich List.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.

Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.

Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.

Business News

Apple's AI Has a Catch — And It Could Help Boost Sales

Not every iPhone owner will get to use the new Apple Intelligence.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.