Ambani sole Indian among Fortune's 100 Most Powerful People in Business

Ambani sole Indian among Fortune's 100 Most Powerful People in Business | Check top 20

2 min read | Updated on November 14, 2024, 17:11 IST

SUMMARY

Fortune has released the inaugural edition of its 100 Most Powerful People in Business list with individuals from 40 different sectors having enormous influence in their respective industries and on the overall business landscape. Tesla’s Elon Musk tops the list with many big names including Warren Buffett, Sam Altman and India’s Mukesh Ambani finding a spot.

The people who earn a spot on this list are active players whose actions immensely impact their industries

The chief executive officer (CEO) of Tesla and SpaceX Elon Musk, who recently saw a major surge in his net worth after Trump’s victory in the US elections, has grabbed the top spot in Fortune’s inaugural 100 Most Powerful People in Business for 2024. Musk has been appointed as a co-lead in a newly introduced Department of Government Efficiency under the incoming Trump administration.

The list has many significant names like Apple’s Tim Cook, Google’s Sunder Pichai, Starbucks’ Brian Niccol, Citigroup’s Jane Fraser, Genera Motors’ Mary Barra as well as Reliance’s Mukesh Ambani. Ambani, who is in the 12th position after Jeff Bezos, is also the only Indian to have a spot on the list. However, the list also includes many Indian-origin individuals including Adobe’s Shantanu Narayan and YouTube’s Neal Mohan.

Top 20 individuals on the list

Elon Musk, CEO of Tesla and SpaceX
Jensen Huang, CEO of NVIDIA
Satya Nadella, CEO of Microsoft
Warren Buffett, Chairman and CEO of Berkshire Hathaway
Jamie Dimon, Chairman and CEO of JPMorgan Chase
Tim Cook, CEO of Apple
Mark Zuckerberg, CEO of Meta
Sam Altman, CEO of OpenAI
Mary Barra, Chairwoman and CEO of General Motors
Sundar Pichai, CEO of Alphabet (Google's parent company)
Jeff Bezos, Founder and Executive Chairman of Amazon
Mukesh Ambani, Chairman and largest shareholder of Reliance Industries
Brian Moynihan, Chairman and CEO of Bank of America
Ren Zhengfei, Founder and CEO of Huawei
Jane Fraser, CEO of Citigroup
Reid Hoffman, Co-founder of LinkedIn and Partner at Greylock Partners
Bernard Arnault, Chairman and CEO of LVMH
Doug McMillon, President and CEO of Walmart
Wang Chuanfu, Chairman and CEO of BYD
David Solomon, Chairman and CEO of Goldman Sachs

Fortune’s methodology

Fortune's Most Powerful People list is not determined by a simple metric like revenue or seniority, but the selection process actually follows a more nuanced understanding of power. According to Fortune, the list incorporates influence, innovation and disruption.

The final list includes a diverse range of individuals spanning 40 different sectors and features leaders from varying age groups, from individuals in their 30s to 90s. The people who earn a spot on this list are active players whose actions immensely impact their industries and leave a lasting mark on the societal landscape.

About The Author

Vani Dua is a journalism graduate from LSR College, Delhi. She is passionate about news and presently covers markets, business, economy, and other related fields. She is an avid reader and loves to spend her time weaving stories in her head.

Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: compliance@rksv.in | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai - 400013. | For any complaints, email at complaints@upstox.com and complaints.mcx@upstox.com.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES include: Name, PAN, Address, Mobile Number, and E-mail ID. Benefits include effective communication and speedy redressal of grievances. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI, along with our Terms of Use and Privacy Policy.

Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
*Brokerage will not exceed the SEBI prescribed limit.

Risk disclosures on derivatives -

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Mutual Funds: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.
These are not Exchange traded products, and the Member is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.

Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like:
a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details.
b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
d) Dealing in unsolicited tips through like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets : Advisory Guidelines For Investors

Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation

Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from CDSL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Upstox or RKSV and offering such services, please send us an email at complaints@upstox.com and complaints.mcx@upstox.com.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge.
Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month.

Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html ODR portal for Investors - https://smartodr.in/login

Ambani sole Indian among Fortune's 100 Most Powerful People in Business | Check top 20

Top 20 individuals on the list

Fortune’s methodology

SOGI calls for 28% GST on platform fee and not deposits for Indian gaming companies

55th GST Council Meeting: From tax cut on insurance premium to ATF inclusion, check key expectations

Bombay HC upholds tender awarded to Adani Group to redevelop Dharavi slum sprawl

Maruti Suzuki teases its first electric SUV e VITARA, to showcase at Bharat Mobility Expo 2025

Family owned businesses more successful?

India's FinTech: A $300 billion opportunity?