Akash, Anant Ambani emerge as richest Indians with Rs 3.59 lakh cr net worth each: 360 ONE Wealth Creators list

Mumbai, June 17, 2025 — In a remarkable generational shift in India’s wealth hierarchy, Akash Ambani and Anant Ambani have jointly emerged as the richest Indians, each commanding a net worth of ₹3.59 lakh crore, according to the latest 360 ONE Wealth Creators list (formerly IIFL Wealth). This development signals a broader transition within India Inc., where the baton of financial leadership is being passed on to the next generation of business dynasties.

Next-Gen Billionaires Lead the Pack

According to the 2025 edition of the 360 ONE Wealth Creators list, the Ambani scions — Akash, 33, who helms Reliance Jio, and Anant, 30, who leads Reliance New Energy — have taken the top position following a strategic reorganization of family holdings by Reliance Industries chairman Mukesh Ambani.

Their net worths surged on the back of significant stakes in Reliance’s telecom and renewable energy arms. Both sectors have witnessed robust growth amid India’s digital and green energy transitions, respectively.

"This reflects not just a transfer of wealth but also operational control, as the next generation plays pivotal roles in shaping the future of Reliance Industries," said Rajesh Mehta, senior wealth strategist at 360 ONE.

Wealth Driven by Strategic Business Expansion

Akash Ambani’s leadership of Jio Platforms, which has been central to India’s digital revolution, and Anant Ambani’s stewardship of the conglomerate’s renewable ventures — especially Reliance’s foray into green hydrogen, battery storage, and solar energy — are cited as key contributors to their growing wealth.

The wealth division stems from Reliance's internal restructuring, where ownership stakes were distributed among family members across different verticals. This structure aligns with global family-run conglomerate practices, ensuring succession planning and sustained value creation.

"It’s a calculated move to ensure business continuity while grooming young leaders with domain-specific responsibilities," noted Neelkanth Mishra, chief economist at Axis Bank.

Market Context: Reliance's Bullish Run

Reliance Industries has seen a strong bull run in the past year. The company’s market capitalization recently crossed ₹20 lakh crore, buoyed by investor confidence in its diversified revenue streams. Its telecom and retail arms continue to deliver consistent returns, while its renewable energy ambitions have earned global partnerships and institutional backing.

In this environment, the valuation of Jio and Reliance New Energy — directly impacting Akash and Anant’s net worth — has escalated dramatically. Analysts project Reliance's green energy ventures could unlock an additional ₹5–7 lakh crore in market cap over the next 5–7 years.

Billionaire Rankings See Shakeup

With the Ambani heirs claiming the top positions, Mukesh Ambani, the patriarch and long-time wealth leader, now plays a more supervisory role. He has publicly emphasized the importance of grooming his children for leadership while ensuring institutionalized governance.

Other major names in the wealth list include:

• Gautam Adani (Adani Group): ₹2.7 lakh crore

• Shiv Nadar (HCL Technologies): ₹2.2 lakh crore

• Cyrus Poonawalla (Serum Institute): ₹1.9 lakh crore

• Radhakishan Damani (DMart): ₹1.6 lakh crore

"We’re witnessing a generational overhaul. The top of the list is no longer dominated by founders alone, but by successors actively contributing to business growth," said Amrita Kapoor, partner at Bain & Co.

Wealth Trends in India: Youth, Tech, and ESG

The report highlights several important trends shaping wealth creation in India:

1. Youth-Led Billionaires: With both Akash and Anant under 35, this marks a youthful turn in India’s wealth landscape.

2. Tech & Digital Ecosystem: Many entrants on the list are from fintech, AI, and digital-first platforms.

3. Sustainable Investing: ESG-compliant companies have generated superior long-term returns, attracting new high-net-worth individuals (HNIs) in renewable, EV, and healthtech sectors.

Investor Outlook: What This Means for the Market

The rise of Akash and Anant Ambani reaffirms the robustness of Reliance’s diversified bets and long-term strategy. For investors, it signals continued faith in conglomerates that have successfully adapted to new business realities — especially digital connectivity and sustainable energy.

"Markets look favorably on clear succession planning and structural clarity. The Ambani transition has set a gold standard in this regard," said Kunal Bothra, equity strategist and CNBC-TV18 contributor.

Retail investors may find opportunities in:

• Jio Financial Services – targeting fintech and consumer lending

• Reliance Retail Ventures Ltd. – expected IPO buzz

• Reliance New Energy Ltd. – long-term green energy bet

Akash and Anant Ambani’s emergence as India’s richest individuals is more than just a reshuffling of names on a list — it represents the arrival of a new corporate philosophy. With their focus on technology, sustainability, and innovation, the Ambani heirs are poised to lead not only India’s largest conglomerate but potentially redefine the contours of wealth creation in the 21st century.