According to Forbes’ World’s Billionaires List 2025, India now has 205 billionaires, up from 200 last year. Despite the increase, the total wealth of these billionaires dropped to USD 941 billion from USD 954 billion in 2024.
This decline is mainly due to falling stock prices of major Indian companies, which affected the net worth of the country’s top billionaires.
Mukesh Ambani and Gautam Adani’s Rankings
Mukesh Ambani remains India’s richest person, with a net worth of USD 92.5 billion in 2025. However, his global ranking has dropped from 9th to 18th place. This is a significant fall from his previous net worth of USD 116 billion.
Gautam Adani is the second-richest Indian, with a net worth of USD 56.3 billion. His ranking also reflects the volatile market conditions affecting his business empire.
Top 10 Richest Indians in 2025
Mukesh Ambani – USD 92.5 billion
Gautam Adani – USD 56.3 billion
Savitri Jindal & family – USD 35.5 billion
Shiv Nadar – USD 34.5 billion
Dilip Shanghvi – USD 24.9 billion
Cyrus Poonawalla – USD 23.1 billion
Kumar Manglam Birla – USD 20.9 billion
Lakshmi Mittal – USD 19.2 billion
Radhakishan Damani – USD 15.4 billion
Kushal Pal Singh – USD 14.5 billion
What’s Behind the Changes?
The changes in rankings are largely due to fluctuations in the stock market, affecting the value of investments held by these billionaires. Despite the dip, India remains the third-largest country in terms of the number of billionaires, after the US and China.
