Mukesh Ambani spearheaded a significant surge in the wealth of Indian billionaires in 2025, adding $16.5 billion to his fortune as Reliance Industries experienced a rally of nearly 30%. As of December 2025, Ambani's net worth stands at approximately $113 billion, making him the richest person in Asia and the 16th richest in the world.
Gautam Adani also saw his wealth increase by $5.9 billion following a clean chit from the Securities and Exchange Board of India (SEBI). However, not all Indian billionaires experienced gains; Shiv Nadar and Azim Premji saw their wealth decline amidst downturns in IT stocks.
The Ambani family, led by Mukesh Ambani, holds the 8th position in Bloomberg's 2025 list of the world's richest families with a net worth of $105.6 billion, and is the only Indian family to be featured in the top 25. The family's business empire, Reliance Industries, has interests in energy, petrochemicals, telecommunications, and digital services, with increasing investments in sustainability-driven ventures.
India's wealth landscape is rapidly changing, with the country becoming the fourth-largest global wealth hub, with 85,000 HNWIs (High Net-Worth Individuals) and 191 billionaires. This places India behind only the United States, China, and Japan. Over 33,000 new millionaires were added in 2024, bringing the total HNWI population to 378,810. The total wealth of Indian billionaires saw an impressive growth of 42%. By 2028, the HNI population in India is projected to grow by 43%, reaching an estimated 122,119 individuals. This growth is not limited to major cities, as Tier II and Tier III cities are also experiencing wealth creation, driven by startups, tech services, and new-age manufacturing.
The rise in wealth can be attributed to the growth of traditional family businesses and the expansion of sectors like technology, pharmaceuticals, and fintech. Government financial and policy reforms, such as increased tax transparency and encouragement of foreign investments, have further fueled this growth. Younger investors, particularly Gen Z and millennials, are increasingly turning to alternative investments such as cryptocurrencies and private equity.
Despite a stock market correction and a weaker rupee, there are a record 205 Indian citizens on Forbes' World's Billionaires list. The combined wealth of India's 100 richest individuals amounts to $1 trillion.
