List of Top 10 Richest Men in India 2020

Find out the Top 10 Richest Men in India in 2020 that have grabbed eyeballs from all over the world. Keep reading to know more.

India is home to some of the richest and wealthy families of the world, making an easy list of top 10 richest man in India in 2020. Boasting proud domination of a large number of rich individuals, India ranks third after the United States and China. The richness is determined by their net worth that has seemed to rise with every passing day.

Top 10 Richest men in India

The economical growth of a country tends to vary and with it, so does the growth of the richest in the game. Although the list keeps on fluctuating, with one overpowering the other, however, a few stalwarts of the country manage to stick to the top of the game.

Calculating the total worth might be a tough job, however, it is the only way to determine the standing of the tycoons in the nation. The following list is a deep evaluation of the richest billionaires of the country who have paved their path to success.

A Resourceful Insight into the Top 10 Richest Men in India 2020:

With a quantifiable analysis of the top crème da la crème in the country, here is a list of the top 10 richest men in India in 2020. Each of them has managed to alter the game in their own field while rendering a supreme service to the country.

Let us have a look at the crème of India which also are the richest men in India:

1. Mukesh Ambani

Mukesh Ambani

The chairperson of the Reliance Industries Limited, Mukesh Ambani has been the tycoon of business and has retained the title of the top richest man in India for the longest time. A 62-year-old businessman is the present Chairman and Managing Director of Reliance Industries that primarily deals in the field of oil and gas.

Born on April 19th, 1957 in Yemen, the most richest man in India was brought up in Mumbai where he went on to pursue Chemical Engineering.

Although he has initially started out with the oil and gas sector, however through years of expertise, he has diversified the reach in the Indian market scenario. With the help of a number of ventures, he has made his way soon to influencing his net worth and stepping ahead in the race.

With entering the field of retail market through Reliance Retail, Ambani introduced the largest offering of groceries, foods, footwear, apparel, lifestyle, electronic goods, home improvement products, and varied recent offerings under the same roof.

Along with the retail market, he has also ventured out into the field of telecom which took to storm in the shortest span of time. With the advent of ‘Jio’, a popular telecom operator, he plunged the monopoly of the oldest telecom operators in the business.

By owning the popular IPL franchise, Mumbai Indians, Reliance also became one of the team owners in the IPL game. Apart from these, Mukesh Ambani has made his presence felt across a number of industries that have gained eminent positions across the world.

While surpassing the biggest stalwart in Asia, Jack Ma, the Chairman of Alibaba, Ambani has also bagged the title of the richest men in Asia.

  • Estimated net worth of $36.8 Billion
  • Earns Rs. 4,93, 150 on a daily basis
  • 21st richest man in the world
  • Richest man of India and Asia

2. Radhakishan Damani

Radhakishan Damani

Founder of the Avenue supermarket, Radhakishan Damani ranks as the second richest man of India. The veteran investor is a proud owner of the third biggest retail chain of the industry. Avenue Supermarket is the proud owner of the massive D-Mart franchise with a total of an estimated 196 supermarkets.

Commonly known as Mr. White due to his simplicity and unembellished way of life, Damani bagged the title of 78th richest man in the world in the Forbes list and the top 5 richest man in India. Owning about a significant share in Avenue Supermarts, and in Bright Star Investments, Damani is a stock investor, trader, and broker by profession.

Damani entered the retailing sector in the year 2002 with just one store, located near suburban Mumbai, and has been unstoppable since then. Also holding stakes across several industries such as tobacco and beer, Damani has earned its position in the second spot in the list of top ten richest man in India.

Born in 1945 in a Marwari family in Bikaner, Damani intended to pursue his education as a B.com student; however, he dropped out in the very first year. With an approximate net worth of around $13.8 billion, Damani is surely overpowering as the stalwart of the retail and investment sector.

  • 78th richest man in the world
  • Founder at DMart, the largest chain of supermarkets
  • The estimated net worth of $13.8 billion

3. Shiv Nadar

Shiv Nadar

The eminent Chairman and Founder of HCL, Shiv Nadar, is a popular industrialist who has contributed significantly to the field of IT sector. One of the richest man in India in 2020, Nadar founded HCL in 1976, and is the current chairman of the Shiv Nadar Foundation.

Born on July 14th, 1945, Shiva constantly endeavoured to reinvent the focus of the company; Nadar founded HCL in the mid-1970s that transformed the entire scenario of a hardware company. By incorporating IT hardware solutions onto IT enterprise, the company revolutionized the IT industry.
Bagging the eminent award Padma Bhushan for his contribution and efforts, Shiv Nadar prioritized developing the educational system in the world through his Shiv Nadar Foundation, founded in 1994.

Commonly known by his nickname, Magus, the philanthropist, also ventured into the education sector with his establishment of SSN College of Engineering. Boasting an approximate net worth of US$ 11.9 billion, the third top 10 richest man in the India is highly appreciated for his contribution to his fields.

  • Co-founder of HCL
  • 103rd richest man in the world
  • Estimated net worth of $11.9 billion

4. Uday Kotak

Uday Kotak

Uday Kotak, the founder, MD, and CEO of Kotak Mahindra Bank glides away his way to being the fourth richest man in the country and among the top 10 richest man in the India.
Although the bank sector witnessed turmoil in 2019, however, Kotak Mahindra Bank stood still and made its considerable mark in the banking industry. Also been elected as the strategic board member, Uday Kotak has been recognized under the Forbes list of being the most powerful person, as of 2016.

The advent of Kotak came about in the 1980s with Kotak intending to diversify the business into several financial areas that led to the establishment of its significant presence. With the business gaining momentum in the year 2014, the bank became one of the top four banks in the private sector in no time.

An owner of a whopping estimated net worth of $10.4 billion as of 2019; Uday is one of the richest man in India. Acclaiming several prized possessions in his bag, Mr.Kotak was born in Mumbai, on March 15th, 1959. Being raised in an upper-middle-class family, the giant tycoon holds an MBA degree in Economics and is also a math genius.

  • Founder at Kotak Mahindra Bank
  • Estimated net worth of $10.4 billion
  • 129th richest man in the world

5. Gautam Adani

Gautam Adani

The billionaire industrialist, Gautam Adani is the founder and chairman of the popular Adani Group who has made his way to claiming the fifth spot on the list. The sole controller of Mundra Port, the largest in the country, is also ranked as one among the richest man in India in 2020.

Having founded the Adani Group in the year 1988, Gautam soon diversified the business into number of fields or domains, such as logistics, resources, agriculture, energy, defense, aerospace, and many more.

The group is a multinational conglomerate of Ahmedabad that is largely involved in the development and operations of ports. His foundation, Adani Foundation, led by his wife, Priti Adani primarily operates to foster communities across four distinct areas such as Sustainable Livelihood, Education, and Healthcare along with Rural Infrastructure development.

Bon on 24th June 1962 in Ahmedabad, Adani is a B.Com dropout and is also the second richest Gujarati. With an estimated net worth of $8.9 billion, Adani makes his way to the list of top 10 richest man in India 2020.

  • The sole controller of the Mudra Port, the largest port in the country
  • The estimated net worth of $8.9 million
  • Among the 155th richest in the world
  • Second richest Gujarati

6. Sunil Mittal

Sunil Mittal

An Indian entrepreneur, gliding his way to being a billionaire entrepreneur, Sunil Mittal is the sixth richest man of the country and also one of the top richest person in India. An entrepreneur, with an estimated net worth of $8.8 billion and a philanthropist is better known as the founder and Chairman of Bharti Enterprises.

The enterprise has ventured into several significant domains, one of the most popular being Bharti Airtel, the second-largest telecom operator company with its major focus on Asia and Africa. One of the early birds realizing the potential of the telecom industry, Mr.Mittal soon started ruling over the telecom industry.

A proud holder of Padma Bhushan, the third-highest civilian honour received in the year 2007, Sunil is quite familiar with acquiring several laurels under his hat. With eminent titles such as, ‘Telecom Person of the Year’, ‘Business Leader of the Year’, and many more, Mittal became one of the world richest man in India.

  • Founder at Airtel Enterprises, the second-largest telecom operator in the world
  • Estimated net worth of $8.8 billion
  • Awarded Padma Bhushan and many other significant recognitions
  • 157th richest man in the world

7. Cyrus Poonawalla

Cyrus Poonawalla

A self-made Indian billionaire, Cyrus Poonawalla is the seventh richest man in India in 2020. The founder of Poonawalla Group, Cyrus Poonawalla comes from a background of a family deeply associated with horse breeding.

Apart from overseeing his family business, he exercised his keen interest in medicine only to prosper one of the largest vaccine manufacturing companies in the world, known as the Serum Institute of India. The institute has been involved in exporting vaccines across 100 countries in the world.

A whopping net worth of $8.2 billion has made Mr. Poonawalla earn a well deserving spot among the top 10 list of the richest in the country. A proud owner of the popular Padma Shri award, the entrepreneur and self-made man has been recognized largely for the contributions made in the field.

  • A proud holder of Padma Shri award
  • 165th richest man in the world
  • Received ‘Lifetime Achievement Award’
  • Estimated net worth of $8.2 billion

8. Kumar Birla

Kumar Birla

An Indian billionaire industrialist, Kumar Birla is the chairman of the popular Aditya Birla group. The educationist has earned his way to being the 8th richest man in India in 2020. The chancellor of Birla Institute of Technology & Science (BITS), Kumar Birla holds eminent positions across several educational institutions across the world.

In addition to being an honorary fellow of London Business School, he also is a member of the Asia Pacific Advisory Board of the prestigious university. The Chairman of IIT Delhi, IIT Ahmadabad, and the Rhodes India Scholarship Committee at Oxford University, Kumar Birla experiences a significant disposition in the education sector.

Mr.Birla is been handling the group operations since the age of 28, and this is when the company made way for a prominent expansion under his leadership. In this process, he has expanded the growth of the group by increasing its estimated turnover from US$ 2 billion to $48.3 billion, as per the present report.

  • An educationist
  • Chairman of IIT Delhi, IIT Ahmedabad
  • Chancellor of BITS
  • 185th richest man in the world
  • Estimated net worth of $7.6 Billion

9. Lakshmi Mittal

Lakshmi Mittal

The chairman and CEO of the eminent steel company, ArcelorMittal, Laxmi Mittal is the 9th richest man in India in 2020. Also referred to as the King of Steel, Laxmi Mittal is the Chairperson of the world’s largest steel company in the world.

By globalizing the business model of steel across the world, Mittal makes his way to find an expansive empire of his own, with an estimated net worth of $7.4 Billion.

Selected as a primary board member of directors of European Aeronautic Defence and Space Company, Mittal also makes its way to being an independent board of directors at Goldman Sachs. Bagging several titles under his hat, the business tycoon intends to incorporate significant contributions in the field of charity.

Born on June 15th, in Sadulpur, Mittal was born into a Marwari family and is popularly also known for his extravagant lifestyle and out of the world family weddings.

  • 196th richest man in the world
  • Estimated net worth of $7.4 billion
  • Founder of the biggest steel company in the world

10. Azim Premji

Azim Premji

The 10th richest man in India in 2020, Aziz Premji is not only an Indian billionaire but also one of the most eminent business tycoons of the world. He is the Chairman of the third-largest software company in the world, Wipro that has created waves across the IT industry.

Known as the richest person in Karnataka, Aziz Premji turned Wipro Limited to an expansive IT company. A philanthropist at heart, Premji took over the family business post his father’s untimely dismissal.

A conceited receiver of the estimable Padma Bhushan award in the year 2005, Premji has also been awarded the second-highest civilian award, Padva Vibhushan, in the year 2011. Along with these prestigious titles, the Indian IT giant has also been awarded several titles that beautifully recognize his contribution.

Born on July 24th, 1945 in Mumbai, Aziz Premji has an estimated net worth of $6.1 billion which makes him one of the richest people in India.

  • Estimated net worth of $6.1 Billion
  • Chairman of the third-largest software company of the world, Wipro
  • Richest person in Karnataka
  • 254rd in world ranking

FAQs

Let us look into a few FAQs’ that will help you gain a quick knowledge of the most frequently asked questions on the richest man in India 2020.

Who is the richest man in India 2020?

Mukesh Ambani is the richest person in India 2020 who has an estimated net worth of $36.8 Billion.

How many billionaires are there in India in 2020?

There are about 60 billionaires in India in 2020, with Mukesh Ambani topping the list.

Who is the No 1 businessman in India?

Mukesh Ambani is the no. 1 businessman in India and the richest person in India 2020.

How many Trillionaires are there in India?

Mukesh Ambani is the no. 1 businessman in India and the richest person in India 2020.

Who is the No 1 businessman in India?

Mukesh Ambani is the no. 1 businessman in India and the richest person in India 2020

How many Trillionaires are there in India?

There are no trillionaires in India as no one has been able to reach 100 billion as of yet.

Who is the youngest billionaire in India?

Ritesh Agarwal, the founder of Oyo, is the youngest billionaire in India.

A Race of the Top Richest Man in India 2020

The above-mentioned listing offers a valuable insight into being acquainted with the top 10 richest man in India in 2020. Each of these stalwarts has gained excellence in their field that has contributed largely to their success, making them the richest in the country.

While some of them have been taking their family business forward, however, some have founded their own empire. Irrespective of their fields, the rich giants top the headlines every other day.
The crème da la crème of the nation is indeed recognized as the richest in the world, topping among the top 50 of the world richest men. Carrying a badge of honour in their heart and pride in their soul, the rich men of the country are intrigued to keep the nation’s honour flying high.

The most wealthy list of individuals as mentioned above significantly contribute to the country’s economy and take it to the top, one day at a time.