Richest man in India: Adani leads Hurun and Forbes India, Ambani leads Forbes’ live list

The richest man in India depends on the list: Gautam Adani and his family lead the M3M Hurun India Rich List 2026 with ₹9.23 lakh crore, while Mukesh Ambani is the richest individual on Forbes’ real-time list at $92.75 billion on 12 November 2026. Forbes’ separate India list, published on 30 September, also put Adani and family first, at $112.7 billion against Ambani’s $86.3 billion. 123

Who is the richest man in India? Four lists compared

List	Date	No. 1	No. 2
M3M Hurun India Rich List 2026	Valued 24 Aug, released 23 Sept	Gautam Adani and family, ₹9.23 lakh crore	Mukesh Ambani and family, ₹8.63 lakh crore
Forbes India 100 richest	Prices of 11 Sept, published 30 Sept	Gautam Adani and family, $112.7 billion	Mukesh Ambani, $86.3 billion
Forbes real-time list	12 Nov	Mukesh Ambani, $92.75 billion	Gautam Adani, $84.43 billion
Bloomberg Billionaires Index	5 Nov	Gautam Adani, $117 billion	Mukesh Ambani, $87.3 billion

The lists use different dates and different rules, which is why the order changes. The Forbes India figures are as reported by Family Capital Blog. 134

Why do Adani and Ambani swap places?

Hurun and Forbes India count family fortunes, so Adani’s figure includes relatives such as his brother Vinod Adani. Forbes’ real-time list counts individuals: Gautam Adani is at $84.43 billion and Vinod Adani is listed separately at $27.86 billion, and the two together come to about $112.3 billion, in line with Forbes India’s $112.7 billion. Valuation dates matter too, because both men’s wealth is mostly listed shares that move daily. 34

Gautam Adani: Hurun’s No. 1

Gautam Adani, 64, and his family reclaimed the top spot on Hurun’s list after their wealth rose 13% as the group’s listed companies recovered. They are ahead of Ambani by ₹59,400 crore. The group spans ports, power, airports, cement, defence and data centres; see the Adani Group page. 12

Mukesh Ambani: Forbes’ richest individual

Mukesh Ambani, 69, and family saw their wealth fall 10% on Hurun’s list to ₹8.63 lakh crore, but he remains ahead of Gautam Adani as an individual on Forbes’ real-time list, at $92.75 billion, about ₹8.7 lakh crore. He ranks 22nd in the world, with Adani 25th. His wealth rests on Reliance Industries, which owns Jio and Reliance Retail. 13

The rest of India’s richest

Behind the top two on Forbes’ real-time list are Savitri Jindal and family ($41.3 billion), Lakshmi Mittal ($31.1 billion), Shiv Nadar ($30.9 billion), Cyrus Poonawalla ($30.0 billion) and Dilip Shanghvi ($27.1 billion). The full ranking is in our list of the top 10 richest people in India. 3

How rich is the richest man in India compared with the world?

The world’s richest man, Elon Musk, is worth $902.2 billion on Forbes’ list, nearly ten times Ambani’s $92.75 billion. Hurun’s two largest fortunes no longer outweigh the eight behind them: the top two hold ₹17.86 lakh crore, while the next eight hold ₹21.15 lakh crore. See our guide to the richest man in the world. 13

What happens next

Because both fortunes depend on share prices, the Adani and Ambani order can change within days, and the next Hurun list is due in 2027. We state the list and the date for every figure on this site, and our reports on the Hurun India Rich List 2026, the richest people in the world right now and Ambani passing Adani again in October cover the swings.

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