The chairman and managing director of Reliance Industries, Mukesh Ambani, has topped Forbes’ 2024 list of the 100 richest Indians for the fourth time in a row. In the current year, the total of the 100 billionaires’ wealth reached USD 1 trillion for the first time. 

The net worth of Mukesh Ambani hit USD 119.5 billion, which was an increase of USD 27.5 billion over the last financial year and ranked 13th richest man in the world.

Second on the list is Gautam Adani, who is the chairman of the Adani group with total assets of USD 116 billion. However, Adani has not been able to sustain such growth in its earlier years and has faced some problems, but it has bounced back and is continuing to grow in the competitive environment of Indian business.

This year marks a historic milestone for India’s wealthiest, as the collective wealth of the top 100 richest individuals surpassed $1 trillion for the first time. According to Forbes, their combined wealth reached $1.1 trillion, a staggering 40 per cent increase from $799 billion in 2023. This growth is largely due to the strong performance of the stock market, with the Bombay Stock Exchange (BSE) Sensex rising 30 per cent since last year.