India's Dollar Billionaires - A Study by Fortune and Waterfield Advisors
article • Investment Management
Fortune India & Waterfield Advisors
2022-09-14 | 5 MINUTE READ
India's progress in its 75 years as an independent nation has been marked by the steady growth of the coveted dollar billionaire club. Today, this club is equivalent to 26.67% of India's $3.1 trillion economy. This fascinating story of wealth calls for a deeper study of this unique community that has traditionally been dominated by family businesses but has lately welcomed the country's new-age entrepreneurs.
To gauge the pulse of India's bustling wealth factory, Waterfield Advisors and Fortune have come together to create our maiden Rich List - a comprehensive ranking of India's richest citizens, on the basis of the wealth they possess. Featuring 142 domiciled billionaires who are collectively worth $832 billion, this list doesn't just reveal the ranking but offers a plethora of insights into the country's billionaire story.
"When I started my entrepreneurial journey as a wealth advisor a decade ago, there were precisely 69 billionaires in the country. A doubling of this number in 10 years is a testament to Asia's rise as the new economic superpower, with India emerging as a major contributor," says Soumya Rajan, Founder & CEO of Waterfield Advisors.
Presenting the maiden Fortune-Waterfield Advisors Rich List.
| Rank | Name | Fortune Value (Rs cr) | Fortune $bn | Sector | Age |
| 1 | Gautam Adani | 1,029,984 | 129.16 | Diversified | 60 |
| 2 | Mukesh Ambani | 754,149 | 94.57 | Diversified | 65 |
| 3 | Shapoor Mistry & Cyrus Mistry (Shapoorji Pallonji) | 257,994 | 32.35 | Diversified | 58,54 |
| 4 | Radhakishan Damani | 219,532 | 27.53 | Diversified | 68 |
| 5 | Azim Premji | 174,925 | 21.94 | IT | 77 |
| 6 | Cyrus Soli Poonawalla | 162,848 | 20.42 | Pharmaceuticals | 81 |
| 7 | Shiv Nadar | 157,361 | 19.73 | IT | 77 |
| 8 | Kumar Mangalam Birla | 153,503 | 19.25 | Diversified | 55 |
| 9 | Adi Godrej & family | 140,316 | 17.60 | Diversified | 80 |
| 10 | Shekhar Bajaj, Niraj Bajaj, Rajiv Bajaj & Sanjiv Bajaj | 121,284 | 15.21 | Diversified | 74,67,55,52 |
| 11 | Dilip Shanghvi | 119,462 | 14.98 | Pharmaceuticals | 66 |
| 12 | Sunil B Mittal | 107,990 | 13.54 | Telecom | 64 |
| 13 | Uday Kotak | 107,355 | 13.46 | BFSI | 63 |
| 14 | Madhukar Parekh & family | 94,773 | 11.88 | Chemicals | 76 |
| 15 | Savitri Devi Jindal | 93,623 | 11.74 | Steel | 72 |
| 16 | Mohit Burman & Family | 81,559 | 10.23 | Diversified | 54 |
| 17 | Girdharilal Bawri, Banwarilal Bawri & Rajendra Agarwal | 71,064 | 8.91 | Pharmaceuticals | 75,69,63 |
| 18 | Kushal Pal Singh | 70,341 | 8.82 | Realty | 90 |
| 19 | Hasmukh Chudgar & Family | 66,479 | 8.34 | Pharmaceuticals | 89 |
| 20 | Ashwin Suryakant Dani | 62,144 | 7.79 | FMCG | 79 |
| 21 | RaviKant Jaipuria | 59,205 | 7.42 | FMCG | 67 |
| 22 | Mahendra Chimanlal Choksi | 53,012 | 6.65 | FMCG | 81 |
| 23 | Sudhir Mehta | 52,878 | 6.63 | Pharmaceuticals | 68 |
| 24 | Abhay Arvind Vakil | 51,588 | 6.47 | FMCG | 45 |
| 25 | Murali K Divi | 51,494 | 6.46 | Pharmaceuticals | 71 |
| 26 | Vijay Chauhan | 50,430 | 6.32 | FMCG | 86 |
| 27 | M.M.Murugappa Family & Family | 49,754 | 6.24 | Finance | 66 |
| 28 | Anil Rai Gupta & family | 48,447 | 6.08 | Consumer Durables | 53 |
| 29 | Benu Gopal Bangur & family | 48,388 | 6.07 | Cement | 91 |
| 30 | Dhingra Brothers | 42,375 | 5.31 | FMCG | 74,72 |
| 31 | Dilip & Anand Surana | 42,371 | 5.31 | Pharmaceuticals | 56,51 |
| 32 | Juneja Brothers & Prem Kumar Arora | 41,608 | 5.22 | Pharmaceuticals | 67,57 |
| 33 | Byju Raveendran | 40,909 | 5.13 | New Age Tech | 42 |
| 34 | Vikram Lal & Family | 40,839 | 5.12 | Automobile | 80 |
| 35 | Leena Tewari | 40,386 | 5.06 | Pharmaceuticals | 64 |
| 36 | Harsh & Kishore Mariwala Family | 39,343 | 4.93 | FMCG | 71,87 |
| 37 | Nusli Wadia | 38,427 | 4.82 | Diversified | 78 |
| 38 | Falguni Nayar | 35,293 | 4.43 | New Age Tech | 59 |
| 39 | Rakesh Jhunjhunwala & Family | 34,933 | 4.38 | Investing | 59 |
| 40 | Karsanbhai Patel | 34,331 | 4.31 | FMCG | 78 |
| 41 | Manoj Menda & Raj Menda | 32,470 | 4.07 | Realty | 54,60 |
| 42 | Pankaj Patel & family | 31,282 | 3.92 | Pharmaceuticals | 69 |
| 43 | Muthoot Family | 30,620 | 3.84 | BFSI | 69 |
| 44 | Rahul Bhatia & Family | 30,173 | 3.78 | Aviation | 66 |
| 45 | Yusuf Hamied & family | 29,962 | 3.76 | Pharmaceuticals | 86 |
| 46 | Mangal Prabhat Lodha | 29,504 | 3.70 | Realty | 66 |
| 47 | Pawan Kant Munjal & family | 27,498 | 3.45 | Chemicals, Energy | 66 |
| 48 | Sanjiv Goenka | 27,060 | 3.39 | Automobile | 61 |
| 49 | Arun Bharat Ram | 27,000 | 3.39 | Diversified | 81 |
| 50 | Vivek Jain, Devendra Jain | 26,889 | 3.37 | Chemicals | 68 |
| 51 | Sunder Genomal & Family | 26,163 | 3.28 | Retail | 68 |
| 52 | Ravi Modi | 25,408 | 3.19 | Apparels & Textiles | 45 |
| 53 | Arvind Poddar & Family | 24,876 | 3.12 | Auto Ancillaries | 64 |
| 54 | Inder Thakurdas Jaisinghani | 24,852 | 3.12 | Consumer Durables | 69 |
| 55 | N. R. Narayana Murthy | 24,091 | 3.02 | IT | 75 |
| 56 | Salil Singhal & family | 24,045 | 3.02 | Chemicals | 76 |
| 57 | Shyam & Hari Bhartia | 23,981 | 3.01 | Diversified | 69,65 |
| 58 | Vivek Chaand Sehgal & family | 23,978 | 3.01 | Auto Ancillaries | 65 |
| 59 | Vikas Oberoi | 23,628 | 2.96 | Realty | 51 |
| 60 | Kiran Mazumdar Shaw | 23,093 | 2.90 | Pharmaceuticals | 69 |
| 61 | P.P. Reddy & Family | 22,834 | 2.86 | Construction | 64 |
| 62 | S. Gopalakrishnan | 22,668 | 2.84 | IT | 67 |
| 63 | Sandeep P Engineer | 22,398 | 2.81 | Consumer Goods | 61 |
| 64 | Nirmal K Minda family | 22,099 | 2.77 | Auto Ancillaries | 64 |
| 65 | Satyanarayan Nuwal | 21,869 | 2.74 | Chemicals | 70 |
| 66 | Murlidhar Gyan Chandani & Family | 21,343 | 2.68 | FMCG | 75 |
| 67 | Acharya Balkrishna | 21,141 | 2.65 | FMCG | 50 |
| 68 | Ajay Piramal | 20,563 | 2.58 | Diversified | 67 |
| 69 | Basudeo Singh & Samprada Singh Family | 20,125 | 2.52 | Pharmaceuticals | 81 |
| 70 | GV Prasad & Satish Reddy families | 19,105 | 2.40 | Pharmaceuticals | 61,55 |
| 71 | Sanjeev Bikhchandani | 18,445 | 2.31 | New Age Tech | 59 |
| 72 | Chandru Raheja | 18,385 | 2.31 | Realty | 81 |
| 73 | Rajan Raheja | 18,306 | 2.30 | Diversified | 69 |
| 74 | Venu Srinivasan | 18,104 | 2.27 | Automobile | 69 |
| 75 | Kalanithi Maran | 18,009 | 2.26 | Media & Entertainment | 58 |
| 76 | Yadu Hari Dalmia & family | 17,836 | 2.24 | Cement | 75 |
| 77 | Abhay Firodia | 17,779 | 2.23 | Automobile | 77 |
| 78 | M Satyanarayana Reddy & family | 17,736 | 2.22 | Pharmaceuticals | 65 |
| 79 | Ramesh Kumar & Mukand Lal Dua | 17,685 | 2.22 | Retail | 68,73 |
| 80 | Baba Kalyani & Family | 17,439 | 2.19 | Auto Ancillaries | 73 |
| 81 | R Thyagarajan | 17,092 | 2.14 | BFSI | 84 |
| 82 | RG Chandramogan & family | 17,058 | 2.14 | FMCG | 73 |
| 83 | Rafique A Malik | 17,047 | 2.14 | Retail | 71 |
| 84 | Vinod Saraf | 16,796 | 2.11 | Chemicals | 70 |
| 85 | Pawan Jain, Devendra Jain | 16,684 | 2.09 | Chemicals, Entertainment | 71,43 |
| 86 | Nandan Nilekani | 16,578 | 2.08 | IT | 67 |
| 87 | S Viji | 16,420 | 2.06 | Diversified | 75 |
| 88 | Anu Aga | 15,937 | 2.00 | Capital Goods | 80 |
| 89 | Anurang Jain | 15,460 | 1.94 | Auto Ancillaries | 60 |
| 90 | Samir Jain & family | 15,280 | 1.92 | Media & Entertainment | 68,58 |
| 91 | K P Ramasamy Family | 15,065 | 1.89 | Textiles | 72 |
| 92 | Pratap Reddy & Family | 14,974 | 1.88 | Pharma & Healthcare | 90 |
| 93 | Deshbandhu Gupta family | 14,544 | 1.82 | Pharmaceuticals | 78 |
| 94 | Rajnikant Devidas Shroff | 14,531 | 1.82 | Chemicals (Agro) | 88 |
| 95 | Bhavish Aggarwal | 14,386 | 1.80 | New Age Tech | 36 |
| 96 | Nithin & Nikhil Kamath | 14,130 | 1.77 | New Age Tech | 42,34 |
| 97 | Bhadresh K Shah | 14,082 | 1.77 | Capital Goods | 70 |
| 98 | Noel Naval Tata | 14,014 | 1.76 | Diversified | 65 |
| 99 | Rajinder Gupta | 13,831 | 1.73 | Textiles | 63 |
| 100 | Satish Mehta & Sunil Mehta | 13,783 | 1.73 | Pharmaceuticals | 71,58 |
| 101 | K. Dinesh | 13,780 | 1.73 | IT | 68 |
| 102 | Ashok Ramnarayan Boob | 13,711 | 1.72 | Chemicals | 70 |
| 103 | P.V. Ramprasad Reddy | 13,659 | 1.71 | Pharmaceuticals | 64 |
| 104 | Deepak Chimanlal Mehta and Sailesh Chimanlal Mehta | 13,433 | 1.68 | Chemicals | 65,61 |
| 105 | Manohar Lal & Madhusudan Lal | 13,073 | 1.64 | FMCG | - |
| 106 | Chandrakant Vallabhaji Gogri & Family | 12,935 | 1.62 | Chemicals | 76,62 |
| 107 | Ratan Tata | 12,594 | 1.58 | Diversified | 84 |
| 108 | Sunjay Kapur | 12,468 | 1.56 | Auto Ancillaries | 50 |
| 109 | Irfan Razack & family | 12,261 | 1.54 | Realty | 68 |
| 110 | Bajranglal Taparia & family | 11,859 | 1.49 | Chemicals | 89 |
| 111 | Gumani Ram Agarwal family | 11,809 | 1.48 | Construction | 62 |
| 112 | Harsh Goenka | 11,753 | 1.47 | Diversified | 64 |
| 113 | S. D. Shibulal | 11,467 | 1.44 | IT | 67 |
| 114 | Arvind Lal & family | 11,445 | 1.44 | Pharma & Healthcare | 72 |
| 115 | Sanjay Agarwal | 11,354 | 1.42 | BFSI | 51 |
| 116 | Jimmy Naval Tata | 11,265 | 1.41 | Diversified | 81 |
| 117 | Yogesh M Kothari | 11,220 | 1.41 | Chemicals | 73 |
| 118 | Minocher Tata Family | 11,127 | 1.40 | Diversified | - |
| 119 | Ajay S Shriram & Family | 11,038 | 1.38 | Diversified | 68 |
| 120 | Atul Ruia | 10,675 | 1.34 | Realty | 51 |
| 121 | Radhe Shyam Agarwal & family | 10,607 | 1.33 | FMCG | 77 |
| 122 | Sushila Devi Singhania & family | 10,567 | 1.33 | Cement | 86 |
| 123 | Prakash Chauhan & Family | 10,396 | 1.30 | FMCG | 75 |
| 124 | K M Mammen | 10,299 | 1.29 | Auto Ancillaries | 80 |
| 125 | Keshub Mahindra & Family | 10,292 | 1.29 | Diversified | 98 |
| 126 | Rahul Gautam | 10,242 | 1.28 | Consumer Goods | 69 |
| 127 | Radhe Shyam Goenka & family | 10,117 | 1.27 | FMCG | 76 |
| 128 | Rajesh Mehta | 9,830 | 1.23 | Consumer Goods | 58 |
| 129 | Chirayu R Amin & family | 9,771 | 1.23 | Pharmaceuticals | 75 |
| 130 | A. Krishnamoorthy | 9,737 | 1.22 | Diversified | - |
| 131 | Anand Mahindra & Family | 9,689 | 1.21 | Diversified | 67 |
| 132 | Mannalal B Agrawal & family | 9,548 | 1.20 | Pharmaceuticals | 75 |
| 133 | Balkrishan Gopiram Goenka & family | 9,445 | 1.18 | Diversified | 56 |
| 134 | T T Jagannathan | 9,415 | 1.18 | Consumer Durables | 74 |
| 135 | Sunil S Lalbhai & Family | 9,265 | 1.16 | Chemicals | 62 |
| 136 | GM Rao & family | 9,038 | 1.13 | Infrastructure | 72 |
| 137 | DEVI PRASAD SHETTY | 8,998 | 1.13 | Pharma & Healthcare | 69 |
| 138 | Abhay Soi | 8,883 | 1.11 | Pharma & Healthcare | 49 |
| 139 | Rajesh Sharma & family | 8,860 | 1.11 | BFSI | 51 |
| 140 | Suresh Krishna | 8,692 | 1.09 | Auto Ancillaries | 85 |
| 141 | Premchand Godha | 8,605 | 1.08 | Pharmaceuticals | 75 |
| 142 | Raghu Kumar & Ravi Kumar | 8,572 | 1.07 | New Age Tech | 36 |
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