Overview

• Mukesh Ambani leads for another year at an estimated $105 billion after a roughly 12% decline, with new moves including an AI venture called Reliance Intelligence and a planned Jio listing in 2026.
• Gautam Adani holds second place at $92 billion, following a September statement from India’s markets regulator that Hindenburg’s fraud allegations could not be established.
• Forbes cites a weaker rupee and about a 3% fall in the Sensex since the prior measurement as the main reasons the combined wealth of the top 100 fell to $1 trillion.
• The top three are unchanged with Savitri Jindal at $40.2 billion, while Sunil Mittal was the biggest dollar gainer, adding $3.5 billion to reach $34.2 billion and rising to fourth.
• Turnover continued with newcomers such as the Doshi siblings at No. 37 with $7.5 billion and Sunil Vachani at No. 80 with $3.85 billion, seven drop-offs from last year, and a lower entry cutoff of $3.2 billion.