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.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
Related Premium Stories
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
MoreLess
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:
-
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.
-
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).
-
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.
-
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).
-
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.
-
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.
-
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.
-
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.