The richest person in India currently remains Mukesh Ambani, the CEO of Reliance Industries Ltd. (RIL).  From $83.4 billion in 2023 to an extraordinary $116 billion this year, his total assets skyrocketed. His entire wealth puts him in the top 10 list of billionaires globally alongside his wealth in India.

Various variables have played a role in Ambani's success.  Retail (Reliance Retail), petrochemicals, oil and gas, telecom (Jio), and even banking and finance (Jio Financial Services) are some of the companies that are included.  Under Ambani's guidance, Reliance continues to maintain the number one position by constantly improving and enhancing its business.

With 2,781 people on its 2024 Billionaires List, Forbes has added 141 names from the previous year's list. The list claims that the billionaires have increased their net wealth by $2 billion, bringing their total value to $14.2 trillion.

China has 473 billionaires, whereas the United States has a record 813 billionaires. India currently has 200 billionaires on the list, 31 more than it had in the previous year.

Indians included in the list

The head of Reliance Industries continues to be the most prominent Indian on the list. Gautam Adani is the second richest Indian on the list, having added $36.8 billion to his total wealth of $84 billion. Savitri Jindal continues to hold the title of richest Indian. Let’s look into the top 10 Indians in the Forbes World’s Billionaires List 2024

1. Mukesh Ambani — $116 billion
2. Gautam Adani — $84 billion
3. Shiv Nadar — $36.9 billion
4. Savitri Jindal & family — $33.5 billion
5. Dilip Shanghvi — $26.7 billion
6. Cyrus Poonawalla — $21.3 billion
7. Kushal Pal Singh — $20.9 billion
8. Kumar Mangalam Birla — $19.7 billion
9. Radhakishan Damani — $17.6 billion
10. Lakshmi Mittal — $16.4 billion

International List:

With a net worth of $233 billion, international celebrity and Louis Vuitton CEO Bernard Arnault is ranked #1 on the list. Leading French luxury and cosmetics business Brenand consistently ranks in the top 5 on Forbes' list.

Elon Musk, who has a net worth of $195 billion, and Jeff Bezos, the creator of Amazon, are the next richest people after him. Mark Zuckerberg, the creator of Facebook, is the next person on the list with a $177 billion net worth.

Other well-known celebs on the roster

Rupert Murdoch, the media magnate and founder of Fox News, and his family are rated No. 100 on the list and have a net worth of $19.5 billion. Taylor Swift, a well-known celebrity, is worth $1.1 billion. With a net worth of $1.7 billion, adult actress Kim Kardasian is also included among the billionaires.

What Does This Mean for India? (My Views)

India's economic future has been stepped forward by using the presence of billionaires like Adani and Ambani on the pinnacle of the Forbes list. Their business achievements serve as an inspiration to younger marketers and show the opportunity of earning wealth.  Additionally, their investment in important fields like generation and infrastructure would possibly help in nation expansion.

Still, it is crucial to acknowledge the gap between the rich and the poor is thought to make it bigger along with the upward push of billionaires.  In order to solve this problem, the Indian authorities and those rich individuals could make massive investments in social welfare projects, encourage inclusive growth, and provide chances for all people.