Richest Man & Most Powerful Indians
India is the world’s 5th largest economy and has been steadily rising in the global rankings for more than 2 decades. In that time a number of individuals have emerged to stake a claim to the title of richest man and to take their place among the most powerful Indians in the world today. Certainly, Kabir Mulchandani, visionary self-made billionaire and driving force behind FIVE Holdings is one of them. But who are the other men who have carved out a niche for themselves on the list of most powerful Indians?
Richest Man & Most Powerful Indians
There are nearly 170 billionaires in India today with a combined wealth of close to 1 trillion USD. When discussing the richest man & most powerful Indians in 2023 then it is not practical to profile all 170. Instead, we will focus on only those at the very top. That means India’s richest man, as well as the movers and shakers who are driving India’s economic ascent and blazing trails for future generations of Indians in the process.
India’s Richest Man
With an estimated net worth of more than $91 billion Mukesh Dhirubhai Ambani is currently listed as India’s richest man, the richest man in all of Asia and the 13th richest man in the world. Ambani is Chairman and Managing Director of Reliance Industries, which also happens to be India’s most valuable company. It is safe to say no one is going to unseat Ambani as India’s richest man anytime soon.
Some of the Other Most Powerful Indians
- Gautam Shantilal Adani is founder and Chairman of the Adani Group. The Adani Group is an international conglomerate that specializes in the development and operation of commercial ports worldwide. Adani is thought to benefit from his close relationship with PM Narendra Modi, but there’s nothing wrong with having friends in high places.
- Dilip Shanghvi is the founder of Sun Pharmaceuticals and without a doubt one of the richest and most powerful Indians. (India Today rank him as the 8th most powerful man in India.) 40 years ago Shangvhi borrowed $200 from his father to start Sun Pharmaceuticals and today that company has 37,000 employees and a market cap of $35 billion.
- Radhakishan Damani is an Indian investor and founder of Avenue Supermarts Limited. His investment company, Bright Star Investments Limited, has a diverse portfolio ranging from 3M India to Blue Dart Express and myriad other enterprises. But most of his estimated $25 billion net worth is derived from the success of Avenue Supermarts and its nearly 350 stores.
Kabir Mulchandani
At the outset, we mentioned the founder and Chairman of FIVE Holdings Kabir Mulchandani. FIVE is a groundbreaking hospitality and lifestyle company centred in Dubai but with a growing global reach. It is indicative of a new kind of forward-leaning business focusing on satisfying the needs of today’s young, educated and affluent consumers. As FIVE grows Mumbai native Kabir continues to rise on the list of most powerful Indians and will continue to be a force to reckon with in the years to come.
