Mukesh Ambani Reigns Supreme Again: India’s Richest with $105 Billion Crown

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Mukesh Ambani retains the top position on Forbes India’s 2025 richest people list with a net worth of $105 billion, despite a 12% decline from last year. Reliance’s diversification into AI and plans to list Jio in 2026 highlight his dynamic business leadership amid a challenging wealth environment.

Mukesh Ambani, chairman and managing director of Reliance Industries, has sustained his leadership as India’s wealthiest individual per Forbes India’s 2025 richest list. Valued at $105 billion, Ambani remains a centibillionaire, marking his continued dominance in India’s business ecosystem amidst a 12% dip in his net worth compared to the previous year.

Major Takeaways

Stable No. 1 Position Despite Headwinds

Ambani’s net worth decreased by $14.5 billion due to a weaker rupee and market volatility impacting Reliance’s diverse portfolio encompassing oil, telecom, and retail sectors.

Strategic Diversification and AI Push

Ambani spearheaded Reliance’s foray into artificial intelligence via Reliance Intelligence, reflecting a futuristic approach. Notably, he anticipates the public listing of telecom giant Jio in 2026, a landmark move expected to bolster market value.

Gautam Adani at No. 2

Infrastructure titan Gautam Adani and family hold the second rank with $92 billion. Regulatory reprieve on fraud allegations in 2025 helped stabilize Adani Group’s share prices post 2023 sell-offs.

Other Key Leaders

Savitri Jindal is third with $40.2 billion. Telecom magnate Sunil Mittal rose sharply to fourth with a net worth increase of $3.5 billion, while tech billionaire Shiv Nadar slipped to fifth place.

Overall Wealth Decline

The combined wealth of India’s top 100 richest declined by 9%, or $100 billion, to around $1 trillion, reflecting pressures from currency depreciation and a 3% Sensex drop.

Emerging Trends and New Entrants

New billionaires from renewable energy and technology sectors signify evolving economic landscapes. The wealth shifts highlight dynamic business cycles and sectoral performance variations.

Notable Updates

Ambani’s ventures into green energy and digital services position Reliance as a future-ready conglomerate.

The Forbes list underscores a tough market year with two-thirds of the richest Indians facing wealth erosion.

The full Forbes India richest list is available at forbesindia.com and in the October issue of Forbes Asia.

Sources: Forbes India, Moneycontrol, Indian Express, NewsBytes