Here are India's 10 richest people

#1 | Mukesh Ambani

NET WORTH: $84.5 BILLION

SOURCE OF WEALTH: DIVERSIFIED

RESIDENCE: MUMBAI

Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries’ net debt to zero by 2021. He also sold a third of telecom unit Jio to marquee investors such as Facebook and Google and offloaded 10% of Reliance Retail to private equity firms such as KKR and General Atlantic, plus concluded a $7.3 billion rights issue of Reliance shares.

#2 | Gautam Adani

NET WORTH: $50.5 BILLION

SOURCE OF WEALTH: INFRASTRUCTURE

RESIDENCE: AHMEDABAD

Adani acquired a 74% stake in Mumbai International Airport, the country’s second-busiest, last September. He also sold 20% in his listed renewables firm, Adani Green Energy, to French energy giant Total for $2.5 billion.

#3 | Shiv Nadar

NET WORTH: $23.5 BILLION

SOURCE OF WEALTH: SOFTWARE SERVICES

RESIDENCE: DELHI

The tech titan stepped down as chairman of $9.9 billion (revenues) HCL Technologies last July, handing over the position to his only daughter, Roshni Nadar Malhotra.

#4 | Radhakishan Damani

NET WORTH: $16.5 BILLION

SOURCE OF WEALTH: RETAIL, INVESTMENTS

RESIDENCE: MUMBAI

The low-profile retailing king’s listed supermarket chain Avenue Supermarts operates 221 DMart stores across the country. His brother Gopikishan is also a billionaire.

#5 | Uday Kotak

NET WORTH: $15.9 BILLION

SOURCE OF WEALTH: BANKING

RESIDENCE: MUMBAI

India’s richest banker founded and runs Kotak Mahindra Bank, which is among the country’s top four in the private sector. Last June, Kotak sold shares worth $950 million to reduce his stake in the bank to 26% as mandated by the Reserve Bank of India.

#6 | Lakshmi Mittal

NET WORTH: $14.9 BILLION

SOURCE OF WEALTH: STEEL

RESIDENCE: LONDON

In February, Mittal stepped down as CEO of ArcelorMittal, the $53.3 billion (revenue) steel behemoth, ceding the spot to his son, Aditya. Mittal remains the executive chairman of the company.

#7 | Kumar Birla

NET WORTH: $12.8 BILLION

SOURCE OF WEALTH: COMMODITIES

RESIDENCE: MUMBAI

Fourth-generation heir of a sprawling commodities empire, Birla’s expansion into telecom has cost him dearly. His Vodafone Idea, rebranded as Vi, a joint venture between his Idea Cellular and U.K.’s Vodafone Group, has been racking up losses battling Ambani’s Jio.

#8 | Cyrus Poonawalla

NET WORTH: $12.7 BILLION

SOURCE OF WEALTH: VACCINES

RESIDENCE: PUNE

Poonawalla’s Serum Institute of India, the world’s largest producer of vaccines by several doses, is on the frontlines of India’s fight against Covid-19, with multiple vaccine partnerships orchestrated by his son Adar Serum’s CEO. This year, Adar also struck a deal to acquire a 60% stake in listed finance firm Magma Fincorp for $475 million.

#9 | Dilip Shanghvi

NET WORTH: $10.9 BILLION

SOURCE OF WEALTH: PHARMACEUTICALS

RESIDENCE: MUMBAI

Shanghvi, who founded and ran listed generics drugmaker Sun Pharmaceuticals, returns to the top ten, thanks to a 68% jump in the company’s shares.

#10 | Sunil Mittal & family

NET WORTH: $10.5 BILLION

SOURCE OF WEALTH: TELECOM

RESIDENCE: DELHI

His Bharti Airtel, a joint venture with Singapore’s Singtel, is India’s second-largest telecom operator after Ambani’s Jio. In January, Mittal’s son Kavin announced on Twitter that his SoftBank-backed start-up Hike once considered a rising unicorn and India’s answer to WhatsApp, shut down its messaging service.