Mukesh Ambani surpasses Gautam Adani to secure 'richest Indian' title on Hurun India Rich List 2023

Mukesh Ambani, chairman of Reliance Industries Limited, has reclaimed the title of the richest Indian, surpassing Adani Group chairman Gautam Adani, who experienced a substantial decline in wealth due to the scathing Hindenburg Research report, as per Hurun India Rich List 2023.

Hurun India and 360 ONE Wealth on Tuesday released the 360 ONE Wealth Hurun India Rich List 2023. This is the 12th annual ranking of the richest individuals in India.

"Despite Reliance Industries' lacklustre performance in the stock market, Mukesh Ambani (66) reclaimed the title of the richest Indian, surpassing Gautam Adani, who experienced a substantial decline in wealth due to the Hindenburg effect," said the report.

Gautam Adani (61), the chairman of Adani Group, slipped to the second position with a wealth of Rs 4.74 lakh crore. Cyrus S Poonawalla (82), the founder of Serum Institute of India, has maintained his position at number three, with a total wealth amounting to Rs 2.78 lakh crore as of 2023.Shiv Nadar (78) of HCL, retained the fourth spot with a wealth of Rs 2.29 lakh crore, followed by Gopichand Hinduja & family at Rs 1.76 lakh crore. Dilip Shanghvi, the founder and leader of Sun Pharmaceutical Industries stand at the sixth spot with Rs 1.64 lakh crore.