Hurun India Rich List 2025: Mukesh Ambani, Chairman of Reliance Industries, has again become the richest person in India. According to the M3M Hurun India Rich List 2025, released on Wednesday, the Ambani family reclaimed the top spot with a net worth of ₹9.55 lakh crore, surpassing Gautam Adani and his family, who ranked second on the list with a net worth of ₹8.15 lakh crore.
Mukesh Ambani Vs Gautam Adani
In 2024, Adani had briefly overtaken Ambani with a net worth of ₹11.6 lakh crore, following his dominance in 2022.
Ambani, however, reclaimed the title in 2013 and became the richest Indian in 2023, despite the rise in Adani’s fortunes. Before that, he had maintained the position for a decade, being India’s richest man from 2011 to 2021.
M3M Hurun India Rich List 2025 highlights India’s leading wealth creators. Mukesh Ambani & family reclaimed the top spot, Gautam Adani & family held second, and Roshni Nadar Malhotra & family debuted in the top three.Niraj Bajaj & family were standout performers,climbing six rank pic.twitter.com/XLL9FhyG94
— HURUN INDIA (@HurunReportInd) October 1, 2025
Hurun India Rich List 2025: Record-Breaking Number of Billionaires
This year, there are 358 dollar-billionaires featured on the list alongside Ambani and Adani. There is a sixfold increase in billionaires in India since the Hurun list was first introduced 13 years ago.
The combined wealth of all individuals on the 2025 list is ₹167 lakh crore, equivalent to nearly half of India’s GDP.
Roshni Nadar Named India’s Richest Woman
Roshni Nadar Malhotra, Chairperson of HCL Technologies, has become India’s richest woman. For the first time, she entered the Top 3 with a personal wealth of ₹2.84 lakh crore.
The list also reveals the growing presence of young wealth creators and self-made entrepreneurs.
Aravind Srinivas, the 31-year-old founder of Perplexity, emerged as India’s youngest billionaire, with a net worth of ₹21,900 crore.
Overall, 66% of the individuals featured – about 1,115 people – are self-made, building their fortunes without inherited wealth.
Among the new entrants, 74% created their wealth from scratch.
Mumbai Retains Lead as Billionaire Capital
When it comes to geographical spread, Mumbai continues to dominate, with 451 of India’s wealthiest individuals residing in the city.
The financial capital is followed by:
New Delhi with 223 billionaires
Bengaluru with 116 billionaires
Zubair Amin is a Senior Journalist at NewsX with over seven years of experience in reporting and editorial work. He has written for leading national and international publications, including Foreign Policy Magazine, Al Jazeera, The Economic Times, The Indian Express, The Wire, Article 14, Mongabay, News9, among others. His primary focus is on international affairs, with a strong interest in US politics and policy. He also writes on West Asia, Indian polity, and constitutional issues. Zubair tweets at zubaiyr.amin
