Gautam Adani Tops 2022 Forbes List India's 100 Richest Adani overtook the long-time leader of the rich list, Mukesh Ambani, whose net worth is reportedly $88 billion

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Gautam Adani Twitter handle

According to the 2022 Forbes list of India's 100 Richest, Gautam Adani topped the chart with a net worth of $150 billion. Adani overtook the long-time leader of the rich list, Mukesh Ambani, whose net worth is reportedly $88 billion. Radhakrishna Damani, Cyrus Poonawalla, Shiv Nadar, Savitri Jindal, Dilip Shangavi, the Hinduja brothers, Kumar Mangalam Birla and the Bajaj family fills the top 10.

As per reports, Adani and Ambani together account for 30 per cent of the total wealth of India's 100 richest, and the top 10 put together had a net worth of $800 billion.

India's economy surpassed the United Kingdom to become the fifth-largest in the world. According to reports, the emergence of infrastructure mogul Gautam Adani, who altered the hierarchy at the top for the first time since 2008, was largely responsible for the increase i the 100 richest people's aggregate net worth.

"After nearly tripling his wealth in 2021, Adani doubled his net worth in 2022. In fact, so spectacular was the rise in Adani's fortunes, that he offset the decline in the wealth of the other people on the list who were impacted by a weaker rupee," said Forbes, in a statement.

"The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and regulatory agencies. Public fortunes were calculated based on stock prices and exchange rates as of September 23. Private companies were valued based on similar companies that are publicly traded," added Forbes.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Zypp Electric Secures INR 55.4 Cr in Series C Funding

This round adds to the USD 15 million raised in May 2024, led by Japanese giant ENEOS and supported by existing backers like 9Unicorns, IAN Fund, and Venture Catalysts.

Leadership

Don't Stand in the Way of AI — How Artificial Intelligence Can Turn Us Into Better Leaders and Entrepreneurs

To take full advantage of AI, leaders need to use it themselves rather than stand in the way.

News and Trends

Avendus Secures INR 850 Cr for Future Leaders Fund III's First Close

FLF III aims to invest in 12–14 startups across sectors like financial services, healthcare, technology, consumer goods, and manufacturing, with ticket sizes ranging from INR 150–300 crore per investment.

News and Trends

KisaanSay, House of Chikankari, and GreenStitch Raise Significant Funds to Propel Growth and Innovation

The Indian startups listed below have successfully raised capital to drive their growth and expansion plans, marking significant milestones in their respective industries.