**Mukesh Ambani Remains India’s Richest, Adani Follows in 2nd Place**
*By Akash Pandey | Oct 09, 2025, 05:20 PM*
Mukesh Ambani, the chairman and managing director of Reliance Industries, has retained his position as India’s richest person. However, his wealth has seen a significant decline. According to Forbes’s 2025 list of India’s 100 Richest People, Ambani’s net worth dropped by 12%, or $14.5 billion, bringing it down to $105 billion. This decrease is largely attributed to a weaker rupee and a 3% fall in the benchmark Sensex since last year.
**Adani Family Holds Second Place**
Following Ambani, Gautam Adani and his family hold the second spot with a net worth of $92 billion. The founder of the Adani Group received some relief in September when India’s securities regulator SEBI stated that the allegations of fraudulent transactions made by US-based short seller Hindenburg Research could not be proven. This development is significant, especially after these accusations had triggered a massive sell-off in Adani Group shares during 2023.
**Wealth Rankings and Business Highlights**
Savitri Jindal, matriarch of the OP Jindal Group, ranks third with a fortune of $40.2 billion, despite experiencing a $3.5 billion decline compared to last year.
Telecom tycoon Sunil Mittal and his family advanced three places to fourth, with a net worth of $34.2 billion. Their rise was aided by Bharti Enterprises’ acquisition of a 25% stake in British telecom major BT.
**Tech and Retail Leaders**
Shiv Nadar, founder of HCL Technologies, is ranked fifth with $33.2 billion. Despite steady performance in global IT services, Nadar slipped one position from last year.
Retail magnate Radhakishan Damani and his family are sixth, boasting a net worth of $28.2 billion. The founder of the DMart supermarket chain has built his fortune through success in retail and investments.
**Pharma and Finance Sector**
Pharmaceutical entrepreneur Dilip Shanghvi ranks seventh with an estimated wealth of $26.3 billion. As founder of Sun Pharmaceutical Industries, India’s largest drugmaker by market value, he maintains a strong global presence.
The Bajaj family holds the eighth position with a collective net worth of $21.8 billion. One of India’s oldest business dynasties, their interests span automobiles, financial services, and insurance through flagship companies like Bajaj Auto and Bajaj Finserv.
**Vaccine Production and Metals**
Cyrus Poonawalla, founder of the Serum Institute of India, ranks ninth with $21.4 billion. His company is the world’s largest vaccine producer by volume.
Rounding out the top 10 is Kumar Mangalam Birla, chairman of the Aditya Birla Group, with an estimated net worth of $20.7 billion. He oversees businesses across metals, cement, financial services, and telecommunications sectors.
https://www.newsbytesapp.com/news/business/mukesh-ambani-remains-india-s-richest-person-but-wealth-declines/story