Mumbai, where most of the country’s elite reside. These tycoons have amassed great fortunes in diverse fields, ranging from petrochemicals and finance to pharmaceuticals and real estate. In 2025, we will examine the top 10 richest individuals based in Mumbai.
- Mukesh Dhirubhai Ambani.
Chairman of Reliance Industries, Mukesh Ambani, is also still the richest man in Mumbai and in India. With a net worth that is reported to be over $92 billion, he has a large business empire which includes energy, petrochemicals, digital services, telecom (Jio) and retail. Also, a resident of the very large 27-floor home of Antilia, which sits at the top of Altamount Road, his wealth and success are very much on display.
- Radhakishan Damani.
A quiet man who became a retail mogul, that is Damani, who founded DMart, India’s most profitable supermarket chain. With a fortune of almost $16 billion, he is known for his sharp investment skills and low-profile lifestyle. Also, via his early investment in retail, he transformed the grocery shopping experience for millions of Indians.
- Dilip Shanghvi.
A self-made billionaire in the pharmaceutical industry, Dilip Shanghvi is the founder of Sun Pharmaceutical Industries, which is now the largest drug manufacturer in India. He is worth approximately $25 billion. Under his which he led, Sun Pharma expanded into the global market, including the acquisition of the U.S.-based Ranbaxy Laboratories, which in turn secured his place as a healthcare visionary.
- Cyrus Poonawala.
Cyrus Poonawalla, who is what many know as the “Vaccine King”, grew the Serum Institute of India into the world’s largest vaccine manufacturer. He is also a man of a fortune of $23 billion. During the COVID–19 pandemic, his company became a stage for global production of life-saving vaccines like Covishield.
- Kumar Birla.
As Chairman of the Aditya Birla Group, Kumar Mangalam Birla runs a large empire that is into cement, aluminium, textiles and telecommunication. What sets him apart is that he is very much into modernising and growing the family business, which he has made global.
- Mangal Prabhat Lodha.
Founder of Macrotech Developers (Lodha Group), Mangal Lodha, is what put the company on the map. He has been a key player in shaping Mumbai’s real estate market. Also, a very wealthy man with a net worth that sits between $12 $13 billion. In addition to his business success, he also has a foot in the political world and has been a contributor to urban development in Maharashtra.
- Uday Kotak.
Uday Kotak transformed what was a small player in the financial services to one of India’s preeminent private banks, Kotak Mahindra Bank. He has a wealth of $13 billion to his name, which he has made through his financial acumen and strong ethical business principles. What he has done has restructured India’s modern banking sector.
- Jamshyd Godrej.
In the Godrej Group, which is a key area of focus for him, Jamshyd heads the engineering and manufacturing sectors. Also reported to be worth over $11B. Also very much into environmental conservation, which is also a theme of his sustainable urban development projects in Mumbai.
- Nadir Godrej.
Nadir Godrej heads Godrej Industries and Godrej Agrovet. Also, with the same net worth, he brings to the table a different set of skills, which include science and business. Also known for his poetry and his work in education and social reform.
- Leena Singh Tewari.
Chairman of USV Private Limited, Leena Tewari, has a net worth of over $4B. Her company is in biotech and pharmaceuticals, which also sees global partnerships and exports. Also very much into philanthropy, which includes health care and education initiatives for women and children.
Conclusion
Above, we put forward a list of ten that are a symbol of wealth indeed, but also of vision, innovation and influence. From legacy companies to modern start-ups, their businesses shape Mumbai’s economy and culture. As the city transforms, we see these billionaires to be at the critical core of development, employment creation, and inspiration for the next generation of entrepreneurs.
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