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Mukesh Ambani tops Forbes 2025 list of richest Indians, Yusuffali leads Malayalis

According to Forbes, wealth of India’s 100 richest drops 9%, now totals about $1 trillion

Last updated: October 09, 2025 | 19:05

Justin Varghese, Your Money Editor

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Mukesh Ambani and Yusuf Ali

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Dubai: India’s elite are grappling with a tougher environment this year.

According to Forbes, the combined value of the country’s 100 richest dropped $100 billion — a steep 9% decline — bringing total wealth down to about $1 trillion.

That drop reflects multiple pressures: a weakening rupee, softening global demand, and volatility in markets tied to tech, infrastructure, and energy.

Ambani in top spot

Mukesh Ambani held onto his top spot, even after losing close to $14.5 billion in net worth. His current valuation: $105 billion. Right behind is Gautam Adani, with $92 billion in assets. In the rest of the top ten:

Savitri Jindal & family: $40.2 billion
Sunil Mittal & family: $34.2 billion
Shiv Nadar: $33.2 billion
Radhakishan Damani & family: $28.2 billion
Dilip Shanghvi & family: $26.3 billion
Bajaj family: $21.8 billion
Cyrus Poonawalla: $21.4 billion
Kumar Mangalam Birla: $20.7 billion

Sridhar Vembu (Zoho founder) also makes the cut, with $6 billion in net worth. The new list isn’t just about losses—there are fresh names and comebacks. Some fortunes rebounded, others slipped out of the rankings entirely.

Also Read: Richest Indians: Mukesh Ambani tops list; Shah Rukh Khan joins billionaires

Malayalis hold ground

Even as India’s ultra-rich shrink overall, Malayali names remain prominent:

Yusuffali M.A. heads them as the richest individual Malayali. He ranks 49th overall, with $5.85 billion.
The Muthoot family leads Malayali families: combined, they hold $10.4 billion, placing them 23rd on the all-India list.

Other notable Malayali figures:

Joy Alukkas (Joyalukkas) — $5.3 billion
Ravi Pillai (RP Group) — $4.1 billion
Sunny Varkey (GEMS Education) — $4.0 billion
Kris Gopalakrishnan (Infosys cofounder) — $3.7 billion
P.N.C. Menon (Sobha Group) — $3.6 billion
T.S. Kalyanaraman (Kalyan Jewellers) — $3.25 billion

These names span industries—retail, real estate, tech, education—showing how Kerala’s business class is diversified, resilient, and globally connected.

Also Read: India’s edtech star Alakh Pandey surpasses Shah Rukh Khan on rich list

Justin VargheseYour Money Editor

Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence. Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions.