Akash and Anant Ambani have emerged as the wealthiest individuals in India, each with a net worth of Rs 3.59 lakh crore, according to the India Wealth Report 2025 released jointly by 360 ONE Wealth and Crisil. The report, unveiled on 17 June, profiled 2,013 wealth creators—entrepreneurs, investors, professionals, and heirs—with a collective net worth of Rs 100 trillion, equivalent to nearly one-third of the country’s GDP.

The study highlights significant trends in Indian wealth creation, including the growing prominence of digital-first ventures, increasing female representation, and the concentration of wealth in metropolitan hubs, particularly Mumbai, which accounted for 40 per cent of the total wealth surveyed.

“These numbers show how family legacies and modern innovation coexist at the top of India’s economic pyramid,” said a Crisil representative.

Mumbai Remains Financial Powerhouse

Mumbai topped the wealth charts with 577 individuals, followed by New Delhi (17 per cent) and Bengaluru (8 per cent). Ahmedabad contributed 5 per cent. A total of 143 individuals under the age of 40 featured in the report, signalling a sharp rise in young entrepreneurs. Among them is Shashvat Nakrani (27), co-founder of BharatPe, the youngest billionaire listed.

India’s top 50 business houses, including Reliance Industries, the Tata Group, and the Adani Group, dominate wealth creation, accounting for 59 per cent of the total. Reliance and Adani alone control 12 per cent. Promoter wealth across major groups stood at Rs 36 lakh crore.

High Concentration of Wealth

The report revealed that 161 individuals have personal wealth exceeding Rs 10,000 crore, while another 169 fall in the Rs 5,000–10,000 crore range. The median net worth among the profiled individuals is Rs 1,420 crore.

Wealth is largely rooted in equity markets, with 93 per cent linked to publicly listed companies. Another Rs 50 trillion is held in promoter trusts and family-controlled entities, including the Sir Dorabji Tata Trust and Sir Ratan Tata Trust, which together manage Rs 8.2 trillion.

Sectorally, banking, telecom, and aviation top the list in terms of average individual wealth, with ranges between Rs 7,900 crore and Rs 8,500 crore. Pharmaceuticals leads in the number of wealthy individuals, followed by financial services and IT.

The report further notes that 60 per cent of the wealth held by first-generation entrepreneurs under 40 is tied to broking, fintech, edtech, and e-commerce platforms, while 30 young tycoons are pioneers in emerging technologies such as artificial intelligence (AI), SaaS, and biotech.

Women on the Rise

Women now own 24 per cent of India’s total private wealth, a notable shift in a traditionally male-dominated space. In sectors like pharmaceuticals and financial services, female representation reaches up to 33 per cent and 24 per cent respectively.

Isha Ambani, Director at Reliance Retail and Jio Platforms, is the wealthiest woman in the study. A total of 72 women were recognised for active wealth creation or enterprise leadership, including 21 first-generation founders, largely from IT, e-commerce, and financial services.

“Women are no longer just inheritors of wealth—they are now creators of value,” said a spokesperson for 360 ONE Wealth.

Around 62 per cent of the profiled individuals remain actively engaged in their businesses, while the rest are classified as passive holders. This marks a clear preference for operational involvement among India’s wealthiest, especially among younger entrepreneurs.