India's 10 richest business tycoons

Image: Mukesh Ambani, Chairman and Managing Director of Reliance Industries. Photograph: Pascal Lauener/Reuters

Reliance Industries chairman Mukesh Ambani continues to top India’s richest list, according to the Hurun India Rich List 2014.

Backed by a stock market boom, the number of dollar billionaires in India has zoomed to record highs at 109 from 63 last year.

Gautam Adani, chairman, Adani Enterprises is one of the biggest gainers in the list with his wealth rising by 152 per cent. There are 80 new entrants in this year’s list.

India’s financial capital, Mumbai remains the ‘absolute center of the rich’ with 30 per cent of the rich followed by New Delhi and Bangalore, says the Hurun report.

Manufacturing sector is still the main source of wealth in India. While 16 per cent of the richest are from the manufacturing sector, pharmaceuticals and real estate, account for 9 per cent and 8 per cent respectively, the report states.

Only 67 per cent of the business tycoons in India are self-made billionaires, well below China where it is 99 per cent, finds the Hurun report.

Take a look at India’s 10 richest business tycoons…

Image: Mukesh Ambani with wife Nita Ambani. Photograph: Reuters

Mukesh Ambani

Chairman, Reliance Industries
Rank: 1
Wealth: Rs 1.65 lakh crore
Rise in wealth: 37%
Age: 57 years

Image: Dilip Shanghvi, chairman, Sun Pharma. Photograph: Reuters

Dilip Shanghvi

Chairman, Sun Pharma
Rank: 2
Wealth: Rs 1.29 lakh crore
Rise in wealth: 43%
Age: 58 years

Image: Lakshmi Mittal. Photograph: Reuters

Lakshmi Mittal
Chairman, Arcelor Mittal
Rank: 3
Wealth: Rs 97,000 crore
Change in wealth: -4%
Age: 63 years

Image: Azim premji. Photograph: Reuters

Azim Premji
Chairman, Wipro
Rank: 4
Wealth: Rs 86,000 crore
Rise in wealth: 12%
Age: 69 years

Image: Shiv Nadar. Photograph: HCL

Shiv Nadar
Chairman, HCL
Rank: 5
Wealth: Rs 78,000 crore
Rise in wealth: 41%
Age: 69 years

Image: Srichand (L), Gopichand (C) and Prakash Hinduja (R). Photograph: Reuters

S P Hinduja
Chairman, Hinduja Group
Rank: 6
Wealth: Rs 72,000 crore
Age: 82 years

Image: Pallonji Mistry (inset).

Pallonji Mistry
Chairman, Shapoorji Pallonji
Rank: 7
Wealth: Rs 63,000 crore
Rise in wealth: 24%
Age: 85 years

Image: Kumar Mangalam Birla. Photograph: Reuters

Kumar Mangalam Birla
Chairman, Birla Group
Rank: 8
Wealth: Rs 61,620 crore
Rise in wealth: 16%
Age: 47 years

Image: Sunil Mittal. Photograph: Kamal Kishore/Reuters

Sunil Mittal
Chairman and Group CEO of Bharti Enterprises
Rank: 9
Wealth: Rs 51,000 crore
Rise in wealth: 9%
Age: 57 years

Image: Gautam Adani. Photograph: Reuters

Gautam Adani
Chairman, Adani Group
Rank: 10
Wealth: Rs 44,000 crore
Rise in wealth: 152%
Age: 52 years