the 10 richest persons in India in 2023 as per Bloomberg’s Billionaires Index:

 India’s billionaire race saw a notable turnaround in the economic landscape as the country’s wealthiest individuals rebounded from a decline in wealth during the first quarter of this year. However, their fortunes were still under pressure when compared to last year, when India’s richest individuals were topping the global chart.

The Indian Billionaires

With over 1,500 points jump in the Indian stock market index, Sensex, in May, the country’s richest individuals saw their wealth recovering. However, despite all the positives, India's wealthiest remained out of the ranking of the top 10 world's richest individuals.

As the Asia richest man Mukesh Ambani-led Reliance Industries’ shares traded in the green in May, with the billionaire clinching one deal after the other, Ambani’s net worth on Bloomberg rich list also saw a billion-dollar jump in the same period. 

Ambani's fellow billionaire Gautam Adani was seen recovering from the brunt of the Hindenburg Research report. Although Adani's wealth is significantly down compared to last year, he was back on the list of the top 20 billionaires in the world in May.

Cyrus Poonawalla, the MD of the Serum Institute of India, was on the list of elites who gained the most compared to India's top 10 richest people. With a staggering $2.72 billion increase in his wealth this year, Poonawalla has surpassed all his counterparts in terms of financial growth.

Meanwhile, the world’s richest person Elon Musk and second richest man Jeff Bezos, whom the Indian billionaires had left behind last year in wealth gains, are faring better this year so far.

The South Asian nation has emerged as a thriving hub for business and entrepreneurship, driven by its rapidly growing economy. Over the years, there has been a remarkable rise in the number of self-made billionaires and millionaires in the country, with numerous individuals amassing substantial wealth.

Here is the ranking of the 10 richest persons in India in 2023 as per Bloomberg’s Billionaires Index:

1. Mukesh Ambani

Mukesh Ambani. Photo: Courtesy

Mukesh Ambani is an Indian business magnate and the chairman of Reliance Industries, a conglomerate with interests in petrochemicals, refining, oil, and gas exploration. He was born on April 19, 1957, in Yemen, where his father Dhirubhai Ambani worked as a businessman. Ambani completed his schooling from the Hill Grange High School in Mumbai and later attended St. Xavier's College, Mumbai, and then went to the Institute of Chemical no Technology in Matunga to study chemical engineering.

After completing his education, Ambani started working in his father's company, Reliance Industries, and became the chairman and managing director of the company in 2002, after his father's death. Under his leadership, the company has experienced significant growth and has become one of the largest and most profitable companies in India.

Ambani is considered one of the wealthiest people in the world and is often referred to as the richest person in India. His net worth as of 2021 is estimated to be around 92 billion USD. He has been featured in several prestigious magazines, including Forbes, and has won numerous awards for his contributions to the Indian economy and business landscape.

Aside from his professional career, Ambani is also involved in philanthropy and has contributed to various social causes. In 2010, he launched the Reliance Foundation, which works towards improving the quality of life of people in India, particularly in the areas of education, healthcare, and rural development.

2. Gautam Adani

Gautam Adani is an Indian billionaire industrialist and the chairman of the Adani Group. The Adani Group is a diversified conglomerate that operates across various industries including ports, logistics, agribusiness, and energy. Under Adani's leadership, the group has grown significantly and has become one of the largest companies in India. Adani is known for his focus on infrastructure development and has been involved in various large-scale infrastructure projects in India. He has also been recognized for his philanthropic work and is known to be actively involved in various charitable initiatives. According to Forbes, as of 2021, Gautam Adani has a net worth of $74.8 billion, making him the second-richest person in India and one of the wealthiest people in the world.

3. Shapoor Mistry

Mistry is an Indian businessman and the chairman of the Shapoorji Pallonji Group, a conglomerate with interests in construction, real estate, finance, and infrastructure. The group was founded in 1865 and is one of the oldest and largest business conglomerates in India. As the chairman, Mistry has been instrumental in growing the group's revenues, expanding its global footprint, and diversifying its business interests. In addition to his role at the Shapoorji Pallonji Group, Mistry is also a director on the board of several other companies, including Tata Sons, the holding company of the Tata Group. Mistry is known for his business acumen and strategic vision, and has been recognized for his contribution to the Indian business landscape. According to Forbes, as of 2021, Shapoor Mistry has a net worth of $9.3 billion.

4. Shiv Nadar

Shiv Nadar is an Indian billionaire businessman and philanthropist, best known as the founder and chairman of HCL Technologies, a global information technology services company. Nadar founded HCL Technologies in 1976, starting with an initial investment of Rs. 187,000 (about $2,500 back then) in a garage in New Delhi. Under his leadership, HCL grew into one of the largest information technology companies in India, with over 150,000 employees in 50 countries.

In addition to HCL Technologies, Nadar is also the founder of the Shiv Nadar Foundation, a non-profit organization that focuses on education and community development in India. The foundation has established the Shiv Nadar University in Uttar Pradesh, India, which offers a variety of undergraduate and graduate programs in fields like engineering, humanities, sciences, and management.

Nadar is widely recognized for his contributions to the Indian IT industry and philanthropy work. Forbes listed him as the third-richest person in India with a net worth of $23.5 billion as of 2021.

5. Azim Premji

Azim Premji is an Indian business tycoon, investor, and philanthropist. He was born on July 24, 1945, in Mumbai, India. Premji is the chairman of Wipro Limited, a global information technology, consulting, and outsourcing company. 

Under his leadership, Wipro has diversified and grown in many different areas, including IT services, consumer care, lighting, and engineering. It has become one of the world's largest software companies, with a presence in over 50 countries. 

Premji has been recognized for his contributions to the business world and his philanthropic endeavors. He was named one of Time magazine's 100 most influential people in the world in 2004, 2011, and 2019. He is also known for his philanthropic work through the Azim Premji Foundation, which focuses on improving education in rural areas of India.

6. Lakshmi Mittal

Lakshmi Mittal is an Indian-born businessman and one of the richest people in the world. He was born on June 15, 1950, in Rajasthan, India. He is the chairman and CEO of ArcelorMittal, the world's largest steel manufacturing company. 

Mittal began his career working for his family's steel business in India. In the 1990s, he started acquiring steel mills in different parts of the world, eventually creating ArcelorMittal, which is headquartered in Luxembourg. 

Mittal is known for his business acumen and aggressive approach to acquisitions, which has made him one of the most influential figures in the global steel industry. As of 2021, he has a net worth of over $16 billion, according to Forbes. 

In addition to his business ventures, Mittal has also been involved in philanthropic work, particularly in the fields of education and healthcare. He has donated millions of dollars to various charities and institutions across the world, including the Mittal Champions Trust, which supports Indian athletes competing in the Olympic Games.

7. Radhakishan Damani

Radhakishan Damani is an Indian investor, entrepreneur and the founder of Avenue Supermarts Limited, which is also known as D-Mart. He is one of the wealthiest people in India, with a net worth of over $18 billion as of 2021, according to Forbes. 

Damani was born in 1954 in a small village called Bikaner in Rajasthan. His father was a small-time trader, and he helped his father with his business when he was young. He moved to Mumbai in his early 20s and started trading in the stock market. He soon realised that he had a knack for investing and made a fortune through stock trading in the 1990s.

In 2002, Damani founded Avenue Supermarts Limited and launched his flagship retail store D-Mart in Mumbai. Today, D-Mart is one of the largest retail chains in India, with over 200 stores spread across the country. The company is known for its low-priced products, which are popular among Indian consumers.

Apart from D-Mart, Damani also has investments in several other businesses, including VST Industries, India Cements, and Gati Limited. He is also known as one of the most reclusive business tycoons in India, who prefers to keep a low profile and avoid media attention.

8. Cyrus Poonawalla

Cyrus Poonawalla is an Indian businessman and founder of the Serum Institute of India. He was born on August 22, 1945, in Pune, India. Poonawalla completed his schooling from Bishop's School in Pune and later earned a Bachelor of Science degree from Brihan Maharashtra College of Commerce.

In 1966, Poonawalla started Serum Institute of India, which is now one of the world's largest vaccine manufacturers. The company is known for producing affordable vaccines for children in developing countries. Serum Institute of India manufactures more than 1.5 billion vaccine doses annually and exports to over 170 countries.

Poonawalla is also a renowned horse breeder and owner of the Poonawalla Stud Farms, one of India's leading thoroughbred stud farms. He has won numerous awards for his contribution to the field of medicine, including the Padma Shri and Padma Bhushan awards, which are among India's highest civilian honors. Poonawalla is also one of the richest people in India, with a net worth of nearly $14 billion as of 2021.

9. Dilip Shanghvi

Dilip Shanghvi is an Indian billionaire entrepreneur and the founder of Sun Pharmaceutical Industries, which is now one of the largest pharmaceutical companies in India. He was born on October 1, 1955, in Amreli, Gujarat, India.

After completing his bachelor's degree in commerce, Shanghvi started his career by selling fabrics. In 1982, he founded Sun Pharmaceutical Industries with a capital of INR 10,000. Initially, the company started by manufacturing psychiatric drugs and then gradually shifted towards the development of generic drugs.

Under Shanghvi's leadership, Sun Pharma became a major player in the Indian pharmaceutical industry, and the company expanded rapidly overseas through acquisitions and partnerships. In 2015, Shanghvi was named the wealthiest person in India by Forbes magazine, with a net worth of $21.5 billion.

Apart from Sun Pharma, Shanghvi has also invested in other businesses, including real estate, wind energy, and hotels. He is known for his philanthropic work and has donated millions of dollars to various charitable organizations in India.

10. Savitri Jindal

is an Indian businesswoman and politician. She is the chairperson of the Jindal Group, one of India's largest conglomerates, which operates in the steel, power, cement, and infrastructure sectors. Jindal is also a former member of the Haryana Legislative Assembly, having been elected as a member of the Indian National Congress in 2005, and served as the state's finance minister from 2005 to 2009. She is considered to be one of the richest women in India, with an estimated net worth of $4.8 billion as of 2021.

As of 2021, the top 10 world's richest individuals are:

1. Elon Musk - $235 billion

2. Jeff Bezos - $186 billion

3. Bernard Arnault & Family - $155 billion

4. Bill Gates - $124 billion

5. Mark Zuckerberg - $97 billion

6. Warren Buffet - $96 billion

7. Larry Ellison - $93 billion

8. Larry Page - $91.5 billion

9. Sergey Brin - $89 billion

10. Mukesh Ambani - $84.5 billion

Note: The rankings and net worth figu

res may vary depending on various sources and fluctuations in the market value of their assets.