For the first time, Shanghai has overtaken Mumbai to become Asia’s billionaire capital, with 92 billionaires. Mumbai, with 90 billionaires, declined by two positions shows shifting dynamics in the region’s wealth.
India’s billionaire wealth has grown, wherein Mukesh Ambani is still at the top position even after a decline in his wealth, while Gautam Adani also maintains the 2nd position in the richest persons list.
City-Wise Billionaire Rankings
Mukesh Ambani At Top Spot
Mukesh Ambani and family maintain their status as India’s richest family, with a wealth of Rs 8.6 lakh crore. However, they also saw a 13% year-on-year decline mainly due to market corrections impacting Reliance Industries. Ambani’s diversified portfolio has telecommunications, energy, and retail sectors.
Gautam Adani Wealth Increases
Gautam Adani and family rank second, with wealth rising to Rs 8.4 lakh crore which is a 13% increase. Adani Group’s expansion in renewable energy, infrastructure, and logistics led to the rise in their wealth.
Roshni Nadar In List
As a new entry is of Roshni Nadar and family which has Rs 3.5 lakh crore, makes her India’s richest woman. Recent gift from her father as HCL Technologies stake gave her this position.
India’s Top Billionaires: Hurun Rankings 2025
| Rank | Name | Wealth (₹ Lakh Cr) | Change % YoY | Company | Age | City of Residence |
| 1 | Mukesh Ambani & family | 8.6 | -13% | Reliance Industries | 67 | Mumbai |
| 2 | Gautam Adani & family | 8.4 | 13% | Adani | 62 | Ahmedabad |
| 3 | Roshni Nadar & family | 3.5 | New | HCL | 43 | New Delhi |
| 4 | Dilip Shanghvi & family | 2.5 | 21% | Sun Pharmaceuticals | 69 | Mumbai |
| 5 | Azim Premji & family | 2.2 | Revalued | Wipro | 79 | Bengaluru |
| 6 | Kumar Mangalam Birla | 2.0 | 28% | Aditya Birla | 57 | Mumbai |
| 6 | Cyrus Poonawalla & family | 2.0 | -8% | Serum Institute of India | 83 | Pune |
| 8 | Niraj Bajaj & family | 1.6 | 12% | Bajaj Auto | 70 | Mumbai |
| 9 | Ravi Jaipuria & family | 1.4 | 7% | RJ Corp | 70 | New Delhi |
| 10 | Radhakishan Damani | 1.4 | -11% | Avenue Supermarts | 69 | Mumbai |
Dilip Shanghvi
Dilip Shanghvi, founder of Sun Pharmaceutical Industries, saw an increase in wealth by 21% to Rs 2.5 lakh crore after the company’s strong performance in the pharmaceutical sector.
Azim Premji’s Wealth
Azim Premji’s wealth also revalud to Rs 2.2 lakh crore. Kumar Mangalam Birla and Cyrus Poonawalla both recorded Rs 2.0 lakh crore in wealth. While Birla’s wealth grew by 28%, Poonawalla saw an 8% dip.
Niraj Bajaj’s wealth grew by 12% to Rs 1.6 lakh crore after Bajaj Auto’s strong performance. Ravi Jaipuria’s RJ Corp wealth increased by 7% to Rs 1.4 lakh crore.
