Although the recent Forbes billionaire list reflects changes in the rankings of several tycoons due to fluctuations in the global market, Indian industrialist Gautam Adani once again holds his position as the second-richest person in the country.
The renowned American magazine Forbes has released the latest list of India's richest individuals for July 2025. This time, prominent businessman Mukesh Ambani has secured the top spot in this list. Gautam Adani, however, remains consistently at the second position. A notable highlight of this year's ranking is the inclusion of a new name in the top 10 – Kushpal Singh, the Emirates Chairman of DLF.
Mukesh Ambani Again at Number One
Mukesh Ambani, the Chairman of Reliance Industries and India's leading industrialist, has an estimated wealth of $116 billion this time, which is approximately 9.5 lakh crore Indian rupees. He has become not only India's but also Asia's richest person. The ongoing expansion in the petrochemical, retail, Jio telecom, and new energy sectors has consistently increased his wealth.
Gautam Adani Remains in Second Place
Gautam Adani, the Chairman of the Adani Group, remains in second place this year. According to Forbes, his total wealth is $67 billion. Although fluctuations in the stock market and reports in recent years did cause some shifts in his ranking, he has maintained his previous position. Adani's business is spread across major sectors like infrastructure, energy, transportation, and ports.
Shiv Nadar of HCL in Third Place
Shiv Nadar, the founder of HCL Technologies, belonging to the technology sector, is in third place on this list. His total wealth is recorded at $38 billion. Shiv Nadar's name is a major brand in the IT sector, and HCL's global presence has brought him to this position.
Savitri Jindal and her Family in Fourth Place
Savitri Jindal, the Chairperson of the Jindal Group, and her family are in fourth place on the Forbes list. Their total wealth is $37.3 billion. The Jindal Group's business is spread across sectors like steel, power, and cement, and it has seen significant growth in recent times.
Dilip Shanghvi in Fifth Place
Dilip Shanghvi, the founder of Sun Pharma and a prominent name in the pharmaceutical sector, is in fifth place on this year's list. His wealth is reported to be $26.4 billion. Continuous profits and global expansion in the pharmaceutical sector have increased his earnings.
Cyrus Poonawalla of Serum Institute in Sixth Place
In sixth place is Cyrus Poonawalla, who owns the Serum Institute of India. His wealth is $25.1 billion. During the COVID-19 pandemic, his company's vaccine gained worldwide attention, and since then, his wealth has seen a tremendous surge.
Kumar Mangalam Birla in Seventh Place
Kumar Mangalam Birla, the head of the Aditya Birla Group, is in seventh place. His total wealth is $22.2 billion. His b foothold in sectors like cement, textiles, telecom, and metals has kept his name in the top 10 of this list.
Lakshmi Mittal in Eighth Place
In eighth place is steel king Lakshmi Mittal. His total wealth is reported to be $18.7 billion. His presence in the global steel market through ArcelorMittal remains b.
Radhakishan Damani in Ninth Place
Radhakishan Damani, the founder of DMart, is in ninth place on this year's list. His wealth is $18.3 billion. Damani's retail business is continuously expanding, and DMart's shares have become a name of trust among investors.
Kushpal Singh's Entry Surprised Everyone
The biggest surprise in this year's Forbes list was the name of Kushpal Singh. Kushpal Singh, who holds a stake in ArcelorMittal, along with being the Emirates Chairman of DLF, has entered the top 10 for the first time. His wealth is reported to be $17.9 billion. His b hold in the real estate and metal sectors has brought him to this position.
The Top 10 List for July 2025 is as follows:
- Mukesh Ambani – $116 billion
- Gautam Adani – $67 billion
- Shiv Nadar – $38 billion
- Savitri Jindal and Family – $37.3 billion
- Dilip Shanghvi – $26.4 billion
- Cyrus Poonawalla – $25.1 billion
- Kumar Mangalam Birla – $22.2 billion
- Lakshmi Mittal – $18.7 billion
- Radhakishan Damani – $18.3 billion
- Kushpal Singh – $17.9 billion
This latest Forbes list shows that the pace of change in India's business world is rapid and that new names are also making their way to the top. The entry of new faces like Kushpal Singh makes it clear that more new faces can be expected in this list of billionaires in the coming time.
