Gautam Adani has again topped the Forbes list of India’s 100 richest people for 2026. With this, his three-year run as the second richest person in the country has come to an end. With an increase of $20.7 billion, the total wealth of the Adani family has reached $112.7 billion. According to Forbes’ list released on Thursday, India’s 100 richest people have a net worth of nearly $1 trillion compared to the last count. This happened in a year when the rupee fell by 8.5 percent and the stock market by 9.5 percent. Adani’s assets have grown the most in dollar terms. His family’s wealth is still below its peak ($150 billion) in 2022. Adani Group is expanding its business and investing $100 billion in AI infrastructure.

How much has Mukesh Ambani’s wealth decreased?

Reliance Industries chairman Mukesh Ambani is second with a net worth of $86.3 billion. His wealth has decreased by $18.7 billion. Margin pressure in several sectors, including retail, took its toll on Reliance shares. Ambani is preparing for the listing of the Jio platform. The telecom company has received regulatory approval for the IPO, which could raise up to $3.8 billion. This could be the country’s largest ever public offering. OP Jindal Group’s Savitri Jindal remains at number three and is India’s richest woman. His wealth has decreased slightly to $39.8 billion. Steel tycoon Lakshmi Mittal has climbed eight places to the fourth position. His net worth rose 74 percent to $34.7 billion. In May, he and sixth-ranked Cyrus Poonawala’s son Adar Poonawala bought IPL team Rajasthan Royals. The deal valued the franchise at $1.65 billion.

These billionaires suffered

More than half of the people on the list have seen a decline in wealth. AI-based automation has damaged India’s software services sector and also affected tech billionaires. Shiv Nadar (No. 7, $27.4 billion), Azim Premji (No. 32, $7.87 billion) and N.R. Narayan Murthy (No. 78, $3.95 billion) – All of them saw their fortunes decline. Infosys co-founder Nandan Nilekani and Senapati Gopalakrishnan are among the 11 people who have been excluded from the list.

New and returning

1. Krishna Chivukula (No. 66, $4.35 billion), whose precision engineering firm Indo-MIM was listed in July.
2. Kushal and Chaitanya Desai (No. 69, $4.25 billion), whose shares in cable company Apar Industries nearly doubled.
3. Aditya Khemka (No. 83, $3.6 billion), whose security equipment maker Aditya Infotech goes public in 2025.
4. Virani Brothers (No. 90, $3.45 billion), which owns Balaji Wafers. The company sold a minority stake to US private equity firm General Atlantic in January.
5. Seven people are back in this list. They include Anil Agarwal (No. 41, $6.4 billion), who split Vedanta into five listed companies in June. The minimum net worth required to be listed has been reduced to $3 billion from last year’s $3.2 billion.

Adani tops Hurun list

Adani also topped the M3M Hurun India Rich List 2026. His family wealth increased by 13 percent to Rs. 9.23 lakh crore ($96 billion), while the wealth of Ambani and his family fell 10 percent to Rs. 8.63 lakh crore ($90 billion). Hurun lists a minimum of Rs. Includes 1,810 people with assets worth Rs 1,000 crore. His total wealth is Rs. 187.5 lakh crore ($1.96 trillion), which is 12.8 percent higher than last year and almost half of India’s GDP. India now has a record 391 dollar-billionaires, up from 237 five years ago. The net worth figures differ from the Forbes list because the two rankings use different methods and valuation dates.