Top 5 Richest Muslims in India in 2024
India, a country known for its diverse culture and a significant Muslim population, has witnessed the rise of many highly successful individuals who have achieved remarkable financial success. These influential figures not only inspire others with their business acumen, but also serve as role models for aspiring entrepreneurs from muslim community.
As India’s economy continues to grow, it is only natural to explore the lives and achievements of the wealthiest Muslims in the country. In this blog, we will delve into the captivating stories of these exceptional individuals who have made a significant impact on India’s business landscape. From successful industrialists to innovative entrepreneurs, join us as we uncover the wealth and influence of the top 5 richest Muslims in India, highlighting their remarkable contributions to the nation’s economy and society.
This list is compiled based upon Forbes and Bloomberg Billionaire Index data.
Top 5 Richest Muslims in India in 2023:
| Name | Net Worth (US$) | Company |
| #1 Azim Premji | 9.3 billion | Wipro |
| #2 M.A. Yusuf Ali | 5.1 billion | Lulu Group |
| #3 Rafique Malik | 2.4 billion | Metro Brands |
| #4 Yusuf Hamied | 2.1 billion | Cipla Limited |
| #5 Habib Khorakiwala | 1.3 billion | Wockhardt Limited |
Azim Premji
- Age: 77 Years
- Net Worth: $9.3 billion
- Source of Wealth: Wipro Limited
Azim Premji, the ex-chairman of Wipro Limited, is India’s richest muslim. As reported, Premji has a net worth of $9.3 billion despite donating around 50,000 crore INR through his foundation. Wipro is included in the business of information technolgy and consultancy services.
M.A. Yusuf Ali
- Age: 67 Years
- Net Worth: $5.1 billion
- Source of Wealth: Lulu Group
M.A. Yusuf Ali is the chairman and managing director of Lulu Group, which owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall. With an annual turnover of US$7.4 billion, LuLu Group International employs the largest number of Indians outside India. He currently operates resides in UAE.
Rafique Malik
- Age: 72 Years
- Net Worth: $2.4 Billion
- Source of Wealth: Metro Brands
Rafique Malik is known as the Guru of the Indian footwear retail. He chairs the footwear group “Metro Brands“. Rafique Malik’s Metro Brands is a popular multi-brand footwear retailer with 720 stores across 164 cities in India. The company is known for its brands such as Metro, Walkaway and Mochi.
The company is currently run by the second of his five daughters, Farah Malik Bhanji as its Managing Director. The compnay got listed in December 2021.
Yusuf Hamied
- Age: 86 Years
- Net Worth: $2.1 Billion
- Source of Wealth: Cipla Limited
Yusuf Hamied is the non-executive chairman of generic maker Cipla. He inherited the business from his father Khwaja Abdul Hamied, who founded the business in 1935. His father was also a disciple of Mahatma Gandhi.
He earned the label of drug pirate, by offering low-cost generic drugs for diseases such as AIDS.
Habib Khorakiwala
- Age: 80 Years
- Net Worth: $1.3 Billion
- Source of Wealth: Wockhardt Limited
Habib Khorakiwala also made his fortune in pharmaceutical industry. He is the founder and Chairman of Indian multinational pharmaceutical and biotechnology company Wockhardt. He founded Wockhardt in 1967. The company is currently run by his son Murtaza Khorakiwala.
Wockhardt gets around 62% of its revenue from overseas markets.
