Mukesh Ambani is the richest person in India in October 2026, with an estimated $87 billion in Reliance Industries stock held through the family’s promoter group. This replaces our 2014 list, when Indian billionaires were first all in the top 100. We now rank families by their listed stakes: the promoter percentage reported in each company’s shareholding pattern times the company’s market value in late October 2026. Several well-known fortunes are left out because we could not price their holdings.
| Rank | Name | Estimated stake value | Main holding |
|---|---|---|---|
| 1 | Mukesh Ambani (family) | $87 billion | Reliance Industries |
| 2 | Gautam Adani (family) | $54 billion or more | Adani Enterprises, Adani Ports |
| 3 | Dilip Shanghvi (family) | $24 billion | Sun Pharma |
| 4 | Radhakishan Damani | About $22 billion (June 2024) | DMart and other listed stakes |
| 5 | Shiv Nadar (family) | $18 billion | HCLTech |
1. Mukesh Ambani: $87 billion
Mukesh Ambani chairs Reliance, India’s largest private company, spanning energy, retail and telecoms. It is the only company on this list whose promoters hold roughly half.
How we valued it: Reliance Industries is worth about $172 billion. The Ambani promoter group holds about 50.4% of the shares in the filing we found, which gives roughly $87 billion. That is a family-group figure, not Mukesh alone.
2. Gautam Adani: $54 billion or more
Adani built a port and logistics business from a trading business and expanded into airports, energy and infrastructure. His holdings are spread over several listed companies, so the true total is higher than the two we priced.
How we valued it: The Adani promoter group holds about 71.97% of Adani Enterprises (after a July 2026 share sale to institutions, per the group’s own disclosure), worth about $25.9 billion at a $35.9 billion value. It also holds about 66.03% of Adani Ports, worth $28.2 billion of a $42.7 billion value. That gives $54 billion from two companies alone. We do not add the group’s stakes in power or green energy because we could not confirm those percentages.
3. Dilip Shanghvi: $24 billion
Shanghvi founded Sun Pharma in Gujarat in the 1980s and made it India’s largest drug company by market value.
How we valued it: Sun Pharma is worth about $44.2 billion. The promoter group held 54.48% in June 2026, which gives about $24.1 billion. The promoter group includes family-owned entities.
4. Radhakishan Damani: about $22 billion (June 2024)
Damani is an investor who founded the DMart supermarket chain. His wealth also includes stakes in VST Industries and India Cements, among others.
How we valued it: The last dated figure we found for the value of his stakes in 14 listed companies was about $22 billion in June 2024. We keep it with that date rather than update it. DMart’s parent has a market value of about $21.8 billion today.
5. Shiv Nadar: $18 billion
Nadar co-founded HCL in 1976 and built it into a global IT services group. The stake is held through family investment companies.
How we valued it: The company-filed June 2026 shareholding pattern shows a Nadar-linked entity holding 44.23% of HCLTech. At a $40.6 billion market value that is about $18 billion.
Indian fortunes we could not size
Sunil Mittal of Bharti Airtel, Kumar Birla of the Aditya Birla Group, the Godrej family, and Cyrus Poonawalla of the privately held Serum Institute all belong in this conversation. We could not confirm the current holding percentages or valuations, so they are unranked.
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Who is the richest person in India in 2026?
Mukesh Ambani, with a family stake in Reliance Industries worth roughly $87 billion on our model.
How much is Gautam Adani worth?
At least $54 billion from his group’s stakes in Adani Enterprises and Adani Ports alone, on late October 2026 market values.
Why is the number a stake value, not a net worth?
Promoter groups hold shares jointly across relatives, and we count only listed shares we can price.
Who else is among India’s richest?
Dilip Shanghvi of Sun Pharma, Radhakishan Damani and Shiv Nadar of HCLTech.
How often do these change?
Every day with the stock market, and quarterly when companies file new shareholding patterns.
How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
For this list we multiplied reported promoter shareholdings by company market values in late October 2026, and labelled older figures with their dates.
Last updated: October 2026.
