Mumbai's Elite: The 10 Richest Billionaires of 2025
Mumbai, the financial capital of India, is home to some of the wealthiest individuals in the country. From business tycoons to pharma giants, here’s a look at the top 10 richest people in Mumbai in 2025.
MumbaiBillionairesReal EstatePharmaceuticalsFinanceReal Estate NewsAug 23, 2025
1. Mukesh Ambani – Reliance Industries
Chairman and Managing Director of Reliance Industries, Mukesh Ambani, remains the richest man in Mumbai. His total wealth stands at $108 billion, cementing his position as a global business icon. Reliance Industries is a diversified conglomerate with interests in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
2. Radhakishan Damani – DMart
The retail king of India and founder of DMart, Radhakishan Damani, holds a net worth of $31.5 billion. His retail empire has made him one of the most influential businessmen in the city. DMart is known for its low-cost, high-quality products, making it a favorite among Indian consumers.
3. Dilip Shanghvi – Sun Pharma
Pharma magnate Dilip Shanghvi made his fortune through Sun Pharma, the largest pharmaceutical company in India. His wealth is pegged at $25.7 billion. Sun Pharma is a global leader in generic and specialty pharmaceuticals, with a strong presence in both developed and emerging markets.
4. Cyrus Poonawalla – Serum Institute of India
Cyrus Poonawalla, chairman of the Serum Institute of India, is valued at $17.6 billion. Known as the “Vaccine King of India,” his company is one of the world’s largest vaccine manufacturers. The Serum Institute of India plays a crucial role in providing affordable vaccines to developing countries.
5. Kumar Mangalam Birla – Aditya Birla Group
At the helm of the Aditya Birla Group, Kumar Mangalam Birla commands a net worth of $20.6 billion. His diversified conglomerate spans cement, metals, telecom, and financial services. The Aditya Birla Group is a leading player in various sectors, contributing significantly to India’s economic growth.
6. Uday Kotak – Kotak Mahindra Bank
The founder and CEO of Kotak Mahindra Bank, Uday Kotak, is among Mumbai’s richest bankers with a total wealth of $15.3 billion. Kotak Mahindra Bank is one of India’s leading private sector banks, known for its robust financial services and customer-centric approach.
7. Mangal Prabhat Lodha – Lodha Group
Real estate baron Mangal Prabhat Lodha has built his wealth through the Lodha Group. His net worth stands at $12.0 billion, making him one of the most powerful names in Mumbai’s property market. The Lodha Group is a leading real estate developer, known for its high-quality residential and commercial projects.
8. Jamshyd Godrej – Godrej & Boyce
Jamshyd Godrej, CEO and Chairman of Godrej & Boyce, has a net worth of $11.1 billion. He continues to play a key role in the century-old Godrej Group legacy. Godrej & Boyce is a diversified company with interests in consumer goods, real estate, and industrial products.
9. Nadir Godrej – Godrej Industries & Agrovet
With a fortune of $11.2 billion, Nadir Godrej leads Godrej Industries and Godrej Agrovet, expanding the family empire across chemicals, agriculture, and consumer goods. Godrej Industries is a leading player in various sectors, contributing significantly to India’s economic development.
10. Leena Tewari – USV Pharma
One of the richest women in Mumbai, Leena Tewari runs USV Pharma, a biotechnology and drug company. Her net worth is $3.9 billion, making her a leading figure in India’s pharma industry. USV Pharma is known for its innovative products and research in the pharmaceutical sector.
Mumbai continues to produce billionaires across industries, from energy and finance to pharmaceuticals and real estate, cementing its reputation as India’s economic powerhouse.
Frequently Asked Questions
Who is the richest person in Mumbai in 2025?
The richest person in Mumbai in 2025 is Mukesh Ambani, with a total wealth of $108 billion. He is the Chairman and Managing Director of Reliance Industries.
What is DMart known for?
DMart, founded by Radhakishan Damani, is known for its low-cost, high-quality products, making it a favorite among Indian consumers. It is one of the most successful retail chains in India.
What is Sun Pharma's global standing?
Sun Pharma, led by Dilip Shanghvi, is the largest pharmaceutical company in India and a global leader in generic and specialty pharmaceuticals, with a strong presence in both developed and emerging markets.
What is the Serum Institute of India's role in global health?
The Serum Institute of India, headed by Cyrus Poonawalla, is one of the world’s largest vaccine manufacturers and plays a crucial role in providing affordable vaccines to developing countries.
What industries does the Aditya Birla Group operate in?
The Aditya Birla Group, led by Kumar Mangalam Birla, operates in various industries including cement, metals, telecom, and financial services. It is a leading player in these sectors, contributing significantly to India’s economic growth.
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