Top 10 richest people in Mumbai 2025 highlights why the city is called India’s billionaire capital. Home to Reliance, Sun Pharma, Aditya Birla Group, DMart, Kotak Mahindra Bank, and Pidilite, Mumbai has the highest concentration of ultra-wealthy families in the country. These Mumbai billionaires shape India’s economy through energy, pharma, banking, retail, real estate, and consumer goods.
The richest people in Mumbai include global icons like Mukesh Ambani, Dilip Shanghvi, Kumar Mangalam Birla, Radhakishan Damani, and others whose net worth in 2025 crosses multi-billion-dollar levels. From Antilia on Altamount Road to corporate HQs in Bandra Kurla Complex and Andheri, these fortunes define the wealth map of India’s financial hub.
This Mumbai list connects with our state-wise billionaire features, including Top 10 Richest Person in India, showing how Mumbai elites dominate both national and Asian rankings.
Top 10 Richest People in Mumbai 2025
- Mukesh Ambani – Reliance Industries – Net Worth: $104.5B (₹8.7 lakh crore) – Energy, Telecom, Retail
- Dilip Shanghvi – Sun Pharma – Net Worth: $24.5B (₹2.0 lakh crore) – Pharmaceuticals
- Kumar Mangalam Birla – Aditya Birla Group – Net Worth: $22.1B (₹1.8 lakh crore) – Diversified Conglomerate
- Radhakishan Damani – DMart & Investments – Net Worth: $19.3B (₹1.6 lakh crore) – Retail, Investments
- Madhukar Parekh & Family – Pidilite Industries – Net Worth: $14.6B (₹1.2 lakh crore) – Adhesives, Chemicals
- Uday Kotak – Kotak Mahindra Bank – Net Worth: $14.0B (₹1.1 lakh crore) – Banking, Financial Services
- Rekha Jhunjhunwala – Investor – Net Worth: $8.7B (₹72,000 crore) – Public Markets
- Shapoor Mistry – Shapoorji Pallonji Group – Net Worth: $7.5B (₹62,000 crore) – Construction, Engineering
- Mangal Prabhat Lodha & Family – Lodha Group (Macrotech) – Net Worth: $7.5B (₹62,000 crore) – Real Estate
- Nusli Wadia & Family – Wadia Group – Net Worth: $6.2B (₹51,000 crore) – FMCG, Textiles, Legacy Industries
Summary: These top 10 richest people in Mumbai dominate energy, pharma, finance, retail, real estate, and consumer goods, cementing the city’s title as India’s billionaire hub. For wider context, see our feature on Top 10 Richest People in Asia.
Mukesh Ambani – Reliance Industries
Mukesh Ambani resides in Mumbai’s iconic skyscraper Antilia and leads Reliance Industries, India’s most valuable company. His empire spans oil-to-telecom-to-retail, making him not just Mumbai’s richest billionaire but also one of the wealthiest in the world.
Net Worth Snapshot:
- Net worth in 2025: $104.5B (₹8.7 lakh crore).
- Ranks #1 in Mumbai, #1 in India, and among the top globally.
- Industries: Energy, Telecom (Jio), Retail (Reliance Retail), Digital Services.
Business Empire:
- Energy & Petrochemicals: Reliance’s core oil-to-chemicals business remains a revenue giant.
- Telecom: Jio revolutionized India’s mobile data market with affordable 4G and 5G services.
- Retail: Reliance Retail is India’s largest retail chain with supermarkets, electronics, and fashion outlets.
- Digital: Investments in e-commerce, AI, and digital payments through Jio platforms.
Mumbai Lifestyle & Family:
- Residence: Antilia, Altamount Road, Mumbai — one of the world’s most expensive private homes.
- Family actively manages segments of Reliance — Akash (Jio), Isha (Retail), Anant (Energy).
- Hosts global leaders and celebrities in Mumbai, strengthening the city’s business status.
Philanthropy:
- Reliance Foundation funds education, healthcare, and rural development across India.
- Major contributions to Mumbai hospitals, COVID relief, and cultural initiatives.
Summary: Mukesh Ambani, with a fortune of ₹8.7 lakh crore in 2025, leads Reliance Industries and lives in Mumbai’s Antilia, making him not only the richest person in Mumbai but also the face of India’s billionaire class. For a broader view, see Top 10 Richest People in Asia.
Dilip Shanghvi – Sun Pharma
Dilip Shanghvi is India’s richest pharma entrepreneur, having built Sun Pharma into the country’s largest pharmaceutical company. Headquartered in Mumbai, Sun Pharma exports generic drugs and specialty medicines to over 100 countries worldwide.
Net Worth Snapshot:
- Net worth in 2025: $24.5B (₹2.0 lakh crore).
- Ranks #2 in Mumbai and among India’s top billionaires.
- Industry: Pharmaceuticals — generics, specialty, and global drug exports.
Business Empire:
- Sun Pharma: India’s largest pharma company by market cap, with strong US and global presence.
- Generics & Specialty Medicines: Supplies to 150+ countries, with leading brands in dermatology, cardiology, and oncology.
- Acquisitions: Notable buyouts like Ranbaxy boosted Sun Pharma’s global reach.
Mumbai Lifestyle & Family:
- Residence: South Mumbai, with close ties to the city’s business ecosystem.
- Known for a low-profile lifestyle compared to other billionaires.
- Son Aalok Shanghvi is actively involved in Sun Pharma operations.
Philanthropy:
- Funds medical research, healthcare initiatives, and patient support programs.
- Supports educational institutions and scholarships for underprivileged students.
Summary: Dilip Shanghvi, with a net worth of ₹2.0 lakh crore in 2025, turned Sun Pharma into India’s largest pharma company headquartered in Mumbai. For comparisons, see Top 10 Richest People in Uttar Pradesh.
Kumar Mangalam Birla – Aditya Birla Group
Kumar Mangalam Birla heads the Aditya Birla Group, a global conglomerate with roots in Rajasthan but headquartered in Mumbai. His empire spans cement, metals, telecom, finance, and retail, cementing his place among Mumbai’s wealthiest industrialists.
Net Worth Snapshot:
- Net worth in 2025: $19.8B (₹1.65 lakh crore).
- Rank: 3rd in Mumbai’s billionaire list.
- Industries: Cement, metals, telecom, financial services, retail.
Business Empire:
- UltraTech Cement: India’s largest cement producer with a strong base in Maharashtra and Rajasthan.
- Hindalco Industries: A global metals powerhouse.
- Vodafone Idea & Aditya Birla Capital: Presence in telecom and finance.
Mumbai Lifestyle & Family:
- Resides in South Mumbai’s luxury mansion “Birla House.”
- Children Ananya and Aryaman Birla are stepping into leadership roles.
- Known for balancing global growth with family philanthropy.
Philanthropy:
- Funds hospitals, schools, and women empowerment programs.
- Supports rural education through the Aditya Birla Foundation.
Summary: Kumar Mangalam Birla, with ₹1.65 lakh crore fortune, anchors Mumbai’s billionaire circle through the Aditya Birla Group. For Rajasthan’s billionaire list, see Top 10 Richest People in Rajasthan.
Radhakishan Damani – DMart & Investments
Radhakishan Damani, known as the “Retail King of India,” built Avenue Supermarts (DMart) into India’s largest listed retail chain. Alongside, his stock market investments and real estate holdings make him one of Mumbai’s most respected and wealthiest billionaires.
Net Worth Snapshot:
- Net worth in 2025: $19.3B (₹1.6 lakh crore).
- Rank: 4th richest in Mumbai’s billionaire rankings.
- Industries: Retail, real estate, and stock market investments.
Business Empire:
- DMart: Operates 330+ stores nationwide, dominating value retail.
- Investments: Long-term holdings in blue-chip Indian companies.
- Real Estate: Large portfolio of properties in Mumbai and Maharashtra.
Mumbai Lifestyle & Family:
- Lives in a luxury South Mumbai residence but keeps a very low public profile.
- Daughters Manjri and Ruchi are gradually stepping into family investments.
- Widely admired for his humility and simplicity despite massive wealth.
Philanthropy:
- Supports education, healthcare, and rural development programs.
- Known for discreet donations and funding social welfare initiatives.
Summary: Radhakishan Damani, with ₹1.6 lakh crore fortune, is Mumbai’s retail and investment powerhouse through DMart and his stock market acumen. For comparison, see our feature on Top 10 Richest People in Asia.
Madhukar Parekh & Family – Pidilite Industries
Madhukar Parekh heads Pidilite Industries, India’s adhesives and chemicals leader, best known for the iconic brand Fevicol. From Mumbai headquarters, the family has built a global footprint across construction chemicals, art materials, and consumer products.
Net Worth Snapshot:
- Net worth in 2025: $14.6B (₹1.2 lakh crore).
- Rank: 5th richest in Mumbai.
- Industry: Adhesives, chemicals, and consumer products.
Business Empire:
- Fevicol & Adhesives: Market leader in adhesives, sealants, and construction chemicals.
- Dr. Fixit & M-Seal: Dominates waterproofing and repair solutions.
- Strong international presence with subsidiaries in 70+ countries.
Mumbai Lifestyle & Family:
- Based in Mumbai, with family deeply involved in business and philanthropy.
- Maintains a reputation for humility and customer-centric leadership.
Philanthropy:
- Supports education, vocational training, and healthcare projects.
- Funds skill-building initiatives for artisans and small businesses.
Summary: Madhukar Parekh & family, with ₹1.2 lakh crore fortune, make Pidilite Industries Mumbai’s adhesive and chemicals giant. For more billionaire insights, see Top 10 Richest Person in Uttar Pradesh.
Uday Kotak – Kotak Mahindra Bank
Uday Kotak built Kotak Mahindra Bank from a small finance firm into one of India’s largest private sector banks. Known as a visionary in Indian finance, he is Mumbai’s leading banker-billionaire, admired for prudence and long-term strategy.
Net Worth Snapshot:
- Net worth in 2025: $14.0B (₹1.1 lakh crore).
- Rank: 6th richest in Mumbai.
- Industries: Banking, financial services, investments.
Business Empire:
- Kotak Mahindra Bank: Among India’s top 3 private banks.
- Kotak Securities & AMC: Large presence in investment banking and asset management.
- Focus on digital banking and fintech innovation from Mumbai headquarters.
Mumbai Lifestyle & Family:
- Lives in South Mumbai close to Nariman Point, India’s financial hub.
- Son Jay Kotak is actively involved in the bank’s digital ventures.
- Known for his discipline and low-profile lifestyle.
Philanthropy:
- Pledged donations to education, healthcare, and social welfare projects.
- Supports financial literacy and entrepreneurship initiatives.
Summary: Uday Kotak, with ₹1.1 lakh crore fortune, is Mumbai’s banking tycoon driving India’s private finance sector. For billionaire comparisons, also see Top 10 Richest Person in Gujarat.
Rekha Jhunjhunwala – Investor
Rekha Jhunjhunwala, wife of the late legendary investor Rakesh Jhunjhunwala, continues to manage one of India’s most influential portfolios. Based in Mumbai, she is a powerhouse in public markets and is often referred to as India’s “Warren Buffett family” legacy keeper.
Net Worth Snapshot:
- Net worth in 2025: $8.7B (₹72,000 crore).
- Rank: 7th richest in Mumbai.
- Industry: Public market investments, diversified holdings.
Investment Empire:
- Large equity holdings in Titan, Tata Motors, and several banking/IT companies.
- Strong influence on Dalal Street and long-term value investments.
- Continuing the Jhunjhunwala family’s presence in India’s capital markets.
Mumbai Lifestyle & Family:
- Lives in South Mumbai’s Malabar Hill residence.
- Children Aryaman and Aryaveer Jhunjhunwala are also exploring investment roles.
- Maintains the family’s respected legacy in India’s financial community.
Philanthropy:
- Supports hospitals, schools, and charitable trusts founded by the Jhunjhunwala family.
- Active in funding healthcare and financial literacy initiatives.
Summary: Rekha Jhunjhunwala, with ₹72,000 crore fortune, sustains Mumbai’s investor legacy through diversified holdings. For more billionaire families, explore Top 10 Richest Person in Kerala.
Shapoor Mistry – Shapoorji Pallonji Group
Shapoor Mistry leads the Shapoorji Pallonji Group, one of India’s oldest and most respected conglomerates in construction, engineering, and real estate. The Mistry family also holds a historic stake in Tata Sons, strengthening their influence in Mumbai’s corporate ecosystem.
Net Worth Snapshot:
- Net worth in 2025: $7.5B (₹62,000 crore).
- Rank: 8th richest in Mumbai.
- Industries: Construction, engineering, infrastructure, and investments.
Business Empire:
- Shapoorji Pallonji Engineering: Landmark projects across India and abroad, including iconic Mumbai skyscrapers.
- Forbes & Co.: One of India’s oldest companies, part of the group.
- Tata Sons Stake: Significant shareholding in India’s largest conglomerate.
Mumbai Lifestyle & Family:
- Resides in South Mumbai with deep family ties to India’s corporate elite.
- Maintains a relatively private profile despite massive influence.
- The Mistry family is often seen as a bridge between Mumbai’s old business dynasties and modern billionaires.
Philanthropy:
- Supports housing, infrastructure, and social welfare programs.
- Backs heritage conservation and urban development in Mumbai.
Summary: Shapoor Mistry, with ₹62,000 crore wealth, represents Mumbai’s legacy in construction and engineering, bolstered by Tata Sons ties. For eastern India’s billionaires, see Top 10 Richest Person in Assam.
Mangal Prabhat Lodha & Family – Lodha Group
Mangal Prabhat Lodha built the Lodha Group into one of India’s largest real estate developers. Based in Mumbai, the group is known for luxury skyscrapers, large housing projects, and township developments that have reshaped the city’s skyline.
Net Worth Snapshot:
- Net worth in 2025: $7.5B (₹62,000 crore).
- Rank: 9th richest in Mumbai.
- Industry: Real estate and property development.
Business Empire:
- Lodha Group (Macrotech): Developer of Mumbai landmarks like World One Tower and Palava City.
- Expanding into London’s luxury real estate market.
- Massive housing projects catering to both luxury and mid-income buyers.
Mumbai Lifestyle & Family:
- Family resides in South Mumbai, close to business and political circles.
- Lodha is also a senior political leader in Maharashtra.
- Children Abhishek and Abhinandan Lodha actively run the group’s operations.
Philanthropy:
- Funds housing for economically weaker sections.
- Supports education and healthcare projects in Maharashtra.
Summary: Mangal Prabhat Lodha & family, with ₹62,000 crore wealth, dominate Mumbai’s real estate scene through Lodha Group. For more billionaire dynasties, check Top 10 Richest Person in Rajasthan.
Nusli Wadia & Family – Wadia Group
Nusli Wadia heads the Wadia Group, one of India’s oldest business dynasties. With legacy roots in textiles, FMCG, and aviation, the group remains a significant force in Mumbai’s corporate circles.
Net Worth Snapshot:
- Net worth in 2025: $6.2B (₹51,000 crore).
- Rank: 10th richest in Mumbai.
- Industries: FMCG, textiles, aviation, and real estate.
Business Empire:
- Britannia Industries: FMCG powerhouse known for biscuits and dairy products.
- Bombay Dyeing: Legacy textile brand from Mumbai.
- Go First Airlines: Aviation venture (facing turbulence but still influential).
Mumbai Lifestyle & Family:
- Resides in South Mumbai, close to other industrial families.
- Sons Ness and Jeh Wadia are involved in group businesses.
- The Wadia family maintains deep cultural and philanthropic roots in Mumbai.
Philanthropy:
- Supports education through Wadia Trust schools and colleges.
- Backs healthcare institutions and cultural heritage projects in Mumbai.
Summary: Nusli Wadia & family, with ₹51,000 crore wealth, uphold Mumbai’s legacy through Britannia, Bombay Dyeing, and philanthropy. For India-wide billionaire rankings, visit Top 10 Richest People in Asia.
Comparison Table – Top 10 Richest People in Mumbai 2025
This table compares the richest people in Mumbai 2025 by net worth, industries, and global rankings. It shows how Mumbai’s billionaires dominate India’s economy and global wealth lists.
| Name | Net Worth ($) | Net Worth (₹) | Industry | Global Rank* |
|---|---|---|---|---|
| Mukesh Ambani | $104.5B | ₹8.7 Lakh Cr | Energy, Telecom, Retail | Top 15 |
| Dilip Shanghvi | $24.5B | ₹2.0 Lakh Cr | Pharma | Top 70 |
| Kumar Mangalam Birla | $22.1B | ₹1.8 Lakh Cr | Conglomerate | Top 80 |
| Radhakishan Damani | $19.3B | ₹1.6 Lakh Cr | Retail, Investments | Top 100 |
| Madhukar Parekh | $14.6B | ₹1.2 Lakh Cr | Adhesives, Chemicals | Top 120 |
| Uday Kotak | $14.0B | ₹1.1 Lakh Cr | Banking, Finance | Top 125 |
| Rekha Jhunjhunwala | $8.7B | ₹72,000 Cr | Investments | Top 200 |
| Shapoor Mistry | $7.5B | ₹62,000 Cr | Construction, Engineering | Top 220 |
| Mangal Prabhat Lodha | $7.5B | ₹62,000 Cr | Real Estate | Top 230 |
| Nusli Wadia | $6.2B | ₹51,000 Cr | FMCG, Textiles | Top 250 |
Summary: The richest people in Mumbai 2025 collectively control over ₹16 lakh crore ($190B+), dominating industries from energy and retail to pharma, finance, and real estate. For India-wide rankings, visit Top 10 Richest Person in India.
FAQs on Richest People in Mumbai 2025
Who is the richest person in Mumbai 2025?
Mukesh Ambani, chairman of Reliance Industries, is the richest person in Mumbai 2025 with a net worth of $104.5B (₹8.7 lakh crore).
Who are the top 5 richest people in Mumbai?
The top 5 are Mukesh Ambani, Dilip Shanghvi, Kumar Mangalam Birla, Radhakishan Damani, and Madhukar Parekh.
Is Mumbai the city with the most billionaires in India?
Yes, Mumbai hosts India’s highest number of billionaires, surpassing Delhi, Bangalore, and other cities. See full list of Top 10 Richest People in India.
Which industries make Mumbai billionaires the richest?
Energy, telecom, retail, pharma, banking, real estate, FMCG, and textiles are the biggest wealth-creating industries in Mumbai.
Who is the richest woman in Mumbai?
Rekha Jhunjhunwala, with $8.7B (₹72,000 crore) from stock market investments, is the richest woman in Mumbai 2025.
Do Mumbai billionaires feature in Asia’s richest list?
Yes, Mukesh Ambani and Dilip Shanghvi feature among Asia’s wealthiest. See the detailed ranking here: Top 10 Richest People in Asia.
Who are the legacy business families in Mumbai?
Legacy families include the Wadias (textiles, FMCG), Lodhas (real estate), and Mistrys (construction), all part of Mumbai’s billionaire ecosystem.
How much combined wealth do the top 10 richest in Mumbai hold?
Together, the top 10 richest in Mumbai control over ₹16 lakh crore ($190B+) in 2025.
How does Mumbai compare to Rajasthan or UP in billionaire count?
Mumbai has far more billionaires than Rajasthan or Uttar Pradesh. For state-specific wealth, see Top 10 Richest Person in Rajasthan and Top 10 Richest Person in Uttar Pradesh.
Conclusion: Mumbai’s Wealth Story in 2025
The richest people in Mumbai 2025 highlight the city’s dominance in wealth creation across energy, retail, pharma, banking, real estate, and FMCG. From Mukesh Ambani’s global Reliance empire to Radhakishan Damani’s retail success, Mumbai is the hub where India’s billionaire stories begin.
These billionaires are more than just business leaders — they are nation builders. They drive infrastructure, digital transformation, jobs, and global trade, while also contributing to philanthropy, healthcare, and education in India’s financial capital.
For a broader perspective, compare Mumbai’s billionaires with other state and national rankings: Top 10 Richest People in India, Top 10 Richest People in Asia, and
Top 10 Richest Person in Gujarat.
Summary: Mumbai in 2025 remains the wealth capital of India, with billionaires shaping global industries and defining India’s future growth.
