Top 10 Richest Person in Mumbai | Updated List 2025

As of April 2025, Mumbai stands as Asia’s leading city in terms of billionaire residents, surpassing Beijing. According to the Hurun India Rich List 2024, Mumbai is home to 92 billionaires, making it the third city globally after New York and London in terms of billionaire population. ​

Here are some of the wealthiest individuals associated with Mumbai:​

1. Mukesh Ambani

   • Net Worth: Approximately $22.7 billion

   • Industry: Petrochemicals, Telecommunications, Retail

   • Overview: Chairman and largest shareholder of Reliance Industries, India’s most valuable company.​

2. Dilip Shanghvi

   • Net Worth: Approximately $15.6 billion

   • Industry: Pharmaceuticals

   • Overview: Founder of Sun Pharmaceuticals, one of the world’s largest generic drug manufacturers.​

3. Uday Kotak

   • Net Worth: Approximately $14.9 billion

   • Industry: Banking and Financial Services

   • Overview: Founder and CEO of Kotak Mahindra Bank, a leading private sector bank in India.​

4. Cyrus Poonawalla

   • Net Worth: Approximately $13.9 billion

   • Industry: Biotechnology

   • Overview: Founder of Serum Institute of India, the world’s largest vaccine manufacturer by volume.​

5. Savji Dholakia

   • Net Worth: Approximately $8.5 billion

   • Industry: Diamonds and Jewelry

   • Overview: Owner of Hari Krishna Exports, one of the largest diamond exporters globally.​

6. Radhakishan Damani

   • Net Worth: Approximately $7.8 billion

   • Industry: Retail

   • Overview: Founder of DMart, a chain of hypermarkets in India.​

7. Kumar Mangalam Birla

   • Net Worth: Approximately $7.5 billion

   • Industry: Conglomerate (Metals, Cement, Telecom)

   • Overview: Chairman of Aditya Birla Group, a multinational conglomerate.​

8. Shiv Nadar

   • Net Worth: Approximately $6.8 billion

   • Industry: Information Technology

   • Overview: Founder of HCL Technologies, a leading global IT services company.​

9. Azim Premji

   • Net Worth: Approximately $6.5 billion

   • Industry: Information Technology

   • Overview: Former chairman of Wipro Limited, a multinational corporation that provides information technology services.​

10. Pallonji Mistry

    • Net Worth: Approximately $6.2 billion

    • Industry: Construction and Engineering

    • Overview: Chairman of Shapoorji Pallonji Group, a multinational conglomerate.

These individuals have significantly contributed to various sectors, enhancing Mumbai’s status as a global financial hub.