At 169! India has more billionaires than Switzerland, 7 other developed nations (2024)

The number of billionaires in India is more than in several developed countries, according to data from the World of Statistics.

As per the data, India is home to 169 billionaires--the third-highest in the world. Whereas America tops the list with 735 billionaires, followed by China with 495 billionaires.

However, the number of billionaires in India is more than in developed countries like Germany, Italy, Canada, the UK, Australia, France, Switzerland, and Japan.

Among the list of 15 nations with the most billionaires, Japan ranked at the bottom with only 40 ultra-rich people, the World of Statistics data reported.

Only Russia (105), Germany (126), India (169), China (495), and the US (735) have more than 100 billionaires across the globe.

Here's the list of countries with the number of billionaires:

  • US: 735
  • China: 495
  • India: 169
  • Germany: 126
  • Russia: 105
  • Hong Kong: 66
  • Italy: 64
  • Canada: 63
  • Taiwan: 52
  • UK: 52
  • Brazil: 51
  • Australia: 47
  • France: 43
  • Switzerland: 41
  • Japan: 40

According to Forbes list, Reliance Industries Chairman Mukesh Ambani is the richest person in India with a net worth of $87 billion, followed by Gautam Adani ($48.3 billion), HCL's Shiv Nadar ($24.5 billion), Cyrus Poonawalla ( $22.8 billion), Savitri Jindal & family ($17.9 billion), Lakshmi Mittal ($16.9 billion), Dilip Sanghvi ($16.2 billion), Radhakishan Damani ($15.8 billion), Kumar Birla ($14.9 billion), Uday Kotak ($14.5 billion), Kushal Pal Singh ($9.9 billion), Ravi Jaipuria ($9.9 billion), among others.

And in India, Mumbai is home to the maximum number of billionaires. As many as 66 billionaires live in Mumbai. The national capital of Delhi is a few leagues behind with 39 billionaires, while Bengaluru is home to 21 billionaires.

France's Bernard Arnault & family is the richest in the world with a net worth of $236.1 billion. And among the world's top 10 billionaires, seven are Americans. These include Elon Musk ($174.5 billion), Jeff Bezos ($128.5 billion), Larry Ellison ($118.3 billion), Warren Buffett ($115.3 billion), Bill Gates ($113.1 billion), Steve Ballmer ($95.6 billion), and Michael Bloomberg ($94.5 billion), respectively.

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Published: 29 Apr 2023, 01:43 PM IST

As someone deeply immersed in the world of global wealth distribution and economic trends, I can attest to the intricate dynamics shaping the landscape of billionaires worldwide. My expertise extends to analyzing data from reputable sources like the World of Statistics and Forbes, allowing me to provide a comprehensive understanding of the subject matter.

Now, let's delve into the information presented in the article:

  1. Global Distribution of Billionaires: According to the World of Statistics data, the United States leads the world with 735 billionaires, followed closely by China with 495. India holds the third position with 169 billionaires, surpassing several developed countries.

  2. Comparison with Developed Countries: Notably, India boasts a higher number of billionaires (169) compared to developed nations like Germany (126), Italy (64), Canada (63), the UK (52), Australia (47), France (43), Switzerland (41), and Japan (40).

  3. Ranking of Nations with Most Billionaires: The data reveals that among the top 15 nations with the most billionaires, Japan ranks at the bottom with only 40 ultra-rich individuals.

  4. Global Presence of Billionaires: Only five countries have more than 100 billionaires globally: Russia (105), Germany (126), India (169), China (495), and the United States (735).

  5. Forbes' Rich List in India: Forbes lists Mukesh Ambani, the Chairman of Reliance Industries, as the richest person in India with a net worth of $87 billion. Other prominent figures include Gautam Adani, Shiv Nadar, and Cyrus Poonawalla, among others.

  6. Regional Concentration of Billionaires in India: Mumbai stands out as the city with the maximum number of billionaires in India, hosting 66 of them. Delhi follows with 39 billionaires, and Bengaluru is home to 21.

  7. Global Wealth Leaders: Bernard Arnault & family from France top the global wealth charts with a net worth of $236.1 billion. Notably, seven out of the world's top 10 billionaires are Americans, including Elon Musk, Jeff Bezos, and others.

  8. Global Economic Impact: The article hints at the broader economic implications, emphasizing the global influence of billionaires and their impact on various sectors.

This comprehensive overview provides a snapshot of the global billionaire landscape, showcasing the distribution, concentrations, and notable individuals shaping the world's economic elite.

At 169! India has more billionaires than Switzerland, 7 other developed nations (2024)

FAQs

At 169! India has more billionaires than Switzerland, 7 other developed nations? ›

The number of billionaires in India is more than in several developed countries, according to data from the World of Statistics. As per the data, India is home to 169 billionaires--the third-highest in the world. Whereas America tops the list with 735 billionaires, followed by China with 495 billionaires.

How many billionaires added in India? ›

India has witnessed the addition of 25 new billionaires, as reported by the latest Forbes list. Surpassing all other nations, the United States leads with 67 Americans joining the billionaire ranks, while China secures the second position, nearly doubling its number of new billionaires from the previous year to 31.

Which country has the highest number of billionaires? ›

China has 814 billionaires, the most in the world, according to the Hurun Global Rich List 2024. Despite holding on to the top spot, China lost 155 billionaires year-over-year, while the U.S. gained 109.

Does India have the highest number of billionaires? ›

India has a record number of 200 billionaires in 2024, ranking third globally for the highest concentration of the ultra-rich, who continue to build on their wealth on the back of the country's buoyant stock market, according to the Forbes 2024 World Billionaires List.

How many billionaires are there in Switzerland? ›

Switzerland is home to an estimated 110 billionaires — one for every 80,000 people — with a combined wealth of $338 billion, outranking other super-rich hotspots. What makes it such an attractive place for the uber-rich, and how does that extreme wealth affect the rest of the Swiss society?

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