India has 3rd Highest Number of Billionaires in World

According to a report by Forbes has revealed that India has the world’s third-highest number of billionaires.

India has 3rd Highest Number of Billionaires in World f

Mr Ambani "has become the richest person in Asia"

Forbes has revealed that India has the third-highest number of billionaires in the world after the United States and China.

It has also said that Reliance Industries CEO Mukesh Ambani reclaimed his spot as Asia’s richest person, dethroning Chinese businessman Jack Ma who was Asia’s richest person in 2020.

Forbes’ annual list of the world’s billionaires is topped by Amazon CEO Jeff Bezos for the fourth year in a row.

His net worth is $177 billion, a $64 billion increase from a year ago. This is due to surging Amazon shares.

SpaceX and Tesla founder Elon Musk take the second spot.

His fortune stood at $151 billion, a massive increase of $126.4 billion compared to 2020 when he ranked 31 and was worth $24.6 billion.

Forbes said: “The main reason: a 705% climb in Tesla shares.”

Mr Ambani ranked 10th on the global billionaires’ list, with a net worth of $84.5 billion.

Forbes said Mr Ambani “has become the richest person in Asia, ranked Number 10 and worth an estimated $84.5 billion.

“He nudges out Jack Ma of China, Asia’s richest person a year ago, whose rank dropped to 26 (from 17 last year) despite a nearly $10 billion jump in his fortune to $48.4 billion.”

Adani Group Chairman Gautam Adani is the second richest person in India and is ranked 24th, with a net worth of $50.5 billion.

Cyrus Poonawalla is ranked 169th overall, with a net worth of $12.7 billion.

He is the Chairman of the Poonawalla Group and the founder of the Serum Institute of India, the world’s largest vaccine manufacturer.

Mr Poonawalla is seventh on the list of Indian billionaires.

India has 3rd Highest Number of Billionaires in World

Meanwhile, Shiv Nadar, founder of HCL Technologies, is the third richest Indian and is ranked 71st in the world, with a net worth of $23.5 billion.

Forbes stated:

“The three richest Indians alone have added just over $100 billion between them.”

The USA has the most billionaires in the world with 724 (up from 614 in 2020).

But China is “closing the gap” with 698 billionaires, an increase from 456 in 2020.

Forbes said: “As a result of the gains in China, Beijing is home to more billionaires than anywhere in the world, overtaking New York City.

India has 140 billionaires, followed by Germany with 136 and Russia with 117.

According to Forbes, the 1,149 billionaires from Asia-Pacific countries have a combined net worth of $4.7 trillion, while the US billionaires are worth a total of $4.4 trillion.

On the global list, 106 are under 40-years-old.

The youngest billionaire is 18-year-old Kevin David Lehmann of Germany, whose father Guenther Lehmann transferred his stake in drugstore chain dm-drogerie mkt to him.

He is worth $3.3 billion and is ranked 925.

The oldest billionaire is US insurance tycoon George Joseph, aged 99.

The number of billionaires on Forbes’ list increased by 660 to an unprecedented 2,755, altogether worth $13.1 trillion.

There are 493 newcomers on the list and there is “roughly one new billionaire every 17 hours, including 210 from China and Hong Kong and 98 from the US”.

French billionaire Bernard Arnault, who has an empire of 70 brands, is the world’s third-richest person and is worth $150 billion.

Bill Gates follows at $124 billion while Facebook founder Mark Zuckerberg is in fifth place ($97 billion).

The top 10 richest are worth $1.15 trillion, up by two-thirds from $686 billion last year.

Altogether, Europe’s billionaires are $1 trillion richer than a year ago.

The richest woman this year is cosmetics heir Francoise Bettencourt Meyers of France, who, with a net worth of $73.6 billion, is ranked 12th.

India’s top 10 billionaires include DMart founder Radhakishan Damani, Kotak Mahindra Bank CEO Uday Kotak, Executive Chairman of ArcelorMittal Lakshmi Mittal, Chairman of the Aditya Birla Group Kumar Mangalam Birla, founder of Sun Pharmaceuticals Dilip Shanghvi and Founder and Chairman of Bharti Enterprises Sunil Mittal.

Dhiren is a journalism graduate with a passion for gaming, watching films and sports. He also enjoys cooking from time to time. His motto is to “Live life one day at a time.”