23 - 09 - 2026

Gautam Adani reclaims position as India’s richest, LN Mittal moves to third

Gautam Adani and family have reclaimed their spot as India’s richest, displacing Mukesh Ambani and family, with LN Mittal and family coming in third. Adani’s wealth rose 13 per cent to ₹9.23 lakh crore ($96 billion), while Ambani’s wealth declined 10 per cent to ₹8.63 lakh crore ($90 billion), according to Hurun rich list.

The combined wealth of individuals on the rich list reached ₹187.5 lakh crore ($1.96 trillion), a 12.8 per cent year-on-year increase, and accounts for roughly half of India’s gross domestic product (GDP), according to the M3M Hurun India Rich List 2026.

LN Mittal and family of ArcelorMittal climbed eight places to third place as wealth rose 93 per cent to ₹3.39 lakh crore ($35 billion). Cyrus S Poonawalla and family held fourth place with ₹3.03 lakh crore, up 23 per cent. Roshni Nadar Malhotra and family eased two places to fifth at ₹2.79 lakh crore.

Kumar Mangalam Birla and family took sixth place at ₹2.69 lakh crore, up 15 per cent, while Dilip Shanghvi held seventh with ₹2.65 lakh crore. Azim Premji and family retained eighth place with ₹2.63 lakh crore. Anil Agarwal and family of Vedanta Resources gained 87 per cent to take ninth place with ₹2.08 lakh crore. Samir Mehta and family of Torrent Pharmaceuticals completed the top 10, rising 52 per cent to ₹1.89 lakh crore.

India added 27 new dollar billionaires this year, taking the total count to a record 391.

“Cumulative wealth rose 12.8 per cent to ₹187.5 lakh crore, even as the Nifty 50 fell 3.9 per cent and the Sensex declined 5.8 per cent. With 802 individuals gaining wealth, 651 losing and 347 new entrants, the story is increasingly about which businesses entrepreneurs are building. Defence, manufacturing, green energy and artificial intelligence (AI) are changing both the sources of Indian wealth and the people creating it,” said Anas Rahman Junaid, Founder and Chief Researcher, Hurun India.

New Additions To Top 10

Renuka Jagtiani, Chairwoman of Dubai-headquartered retail giant Landmark Group, leads all overall new additions to the list, debuting at 36th position with a fortune of ₹70,500 crore. Among India-resident new dollar billionaires, Sridhar Pinnapureddy, Founder and Chief Executive Officer of CtrlS Datacentres, tops the list with a net worth of ₹46,100 crore.

The others on the list included Darshan Hiranandani (₹37,900 crore), CEO of Hiranandani Group and Chairman of Yotta Data Services; B. Ravi Pillai (₹37,300 crore), Founder and Chairman of RP Group; Vivek Ranadivé (₹36,800 crore), Founder of TIBCO Software and Owner and Chairman of Sacramento Kings; and Sharad Pitamber Chauhan & family (₹32,000 crore), Promoter & Director of Parle Products.

Top Investors

Rekha Rakesh Jhunjhunwala and family was the top investor with ₹75,800 crore, more than four times the next name on the list. Ronnie Screwvala, Co-founder of upGrad and Founder of Unilazer Ventures, follows in second at ₹12,900 crore, with Akash Bhanshali, Head of Principal Investments at ENAM Holdings, third at ₹12,200 crore.

Mukul Agrawal, Founder of Param Capital, registers ₹7,700 crore in fourth, followed by Nemish S Shah, Co-founder and Director of ENAM Holdings, at ₹4,200 crore. Ashish Kacholia, Founder of Lucky Investments, holds sixth position with ₹3,400 crore, and Sunil Singhania, Founder of Abakkus Asset Manager, seventh with ₹3,300 crore.

Ashish Dhawan, Founder of ChrysCapital, and Madhusudan Kela, Founder of MK Ventures, both register ₹3,000 crore, whilst Anil Kumar Goel completes the top ten at ₹2,900 crore. Eight of the ten investors are based in Mumbai, with the remaining two operating out of New Delhi.

Movie Stars, Cricketers

Shah Rukh Khan and family top the list of entertainers and cricketers with ₹10,000 crore, built through Red Chillies Entertainment and Knight Riders Sports.

Amitabh Bachchan and family follow with ₹4,000 crore, Salman Khan with ₹3,000 crore, and Hrithik Roshan with ₹2,500 crore via his HRX activewear brand.

Three cricketers feature for the first time as a distinct group. Former India captain Virat Kohli leads them with ₹1,600 crore, followed by cricket legends Sachin Tendulkar and Mahendra Singh Dhoni at ₹1,500 crore each. All three have successfully built substantial brand, endorsement, and investment portfolios following their playing careers.

Mumbai leads with 465 entrants, up 13 on the year, followed by New Delhi with 236. Bengaluru takes third place with 129, adding 14, the largest single-year gain of any Indian city, followed by Hyderabad (114) and Chennai (96).

Ahmedabad rises a place to sixth on 75 entrants, overtaking Kolkata, which slips to seventh despite adding two to reach 71. Pune is the notable faller, easing to 58 from 66, and Surat drops to 25 from 33. Vadodara climbs a place on a gain of 9, and Jaipur advances two places on a gain of three, whilst Faridabad rises from 18th. Three cities enter the rankings for the first time, Nagpur on 11, with Kanpur and Chandigarh on 10 apiece.

Software Entrepreneurs

Roshni Nadar Malhotra, Chairperson of HCLTech, and her family lead the top software and services entrepreneurs with ₹2.79 lakh crore. Azim Premji, Founder Chairman of Wipro, and his family follow in second place at ₹2.63 lakh crore.

Jay Chaudhry, CEO, Chairman, and Founder of Zscaler, ranks third with ₹99,800 crore, whilst Jayshree Ullal, President and CEO of Arista Networks (₹77,400 crore), and Radha Vembu, Product Manager and Director at Zoho Corporation (₹47,400 crore), round out the top five.

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