With 271 billionaires, India emerges in third spot on world’s rich list

The US and India added 109 and 84 billionaires respectively compared to the previous year, China's number has decreased by 155.

India has emerged at third spot in the list of the world’s richest people, with 271 billionaires, as per the Hurun Global Rich List 2024.

Top 10 nations in terms of number of billionaires

  1. China
  2. United States
  3. India
  4. United Kingdom
  5. Germany
  6. Switzerland
  7. Russia
  8. Italy
  9. France
  10. Brazil

The report said:

“India has had a super strong year, adding almost 100 billionaires. Confidence in the economy grew to record levels. Mumbai overtook Beijing to become Asia’s billionaire capital (for the first time in the history of Hurun list) and Top 3 cities globally.”

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In addition, Mumbai has emerged as Asia’s billionaire capital, with Reliance Industries chairman Mukesh Ambani occupying the 10th spot in the global ranking.

Image: Reliance Industries chairman Mukesh Ambani (Source: Reliance – Website)

India’s national capital, New Delhi, also emerged in the top 10 cities for billionaires for the first time.

Top 10 cities in terms of number of billionaires

  1. New York (US)
  2. London (UK)
  3. Mumbai (India)
  4. Beijing (China)
  5. Shanghai (China)
  6. Shenzhen (China)
  7. Hong Kong (China)
  8. Moscow (Russia)
  9. New Delhi (India)
  10. San Francisco (US)

The Hurun Global Rich List 2024 found that there are 3,279 billionaires in the world today, with 167 of them added in the previous year.

China has the most number of billionaires (814), followed by the United States (800) and India.

The US and India added 109 and 84 billionaires respectively compared to the previous year, China’s number has decreased by 155.

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Elon Musk is the wealthiest man in the world, joined in the list by Mark Zuckerberg, Larry Page, and Taylor Swift.

Top 10 billionaires in the world

  1. Elon Musk – Tesla – US
  2. Jeff Bezos – Amazon – US
  3. Bernard Arnault – LVMH – France
  4. Mark Zuckerberg – Meta – US
  5. Larry Ellison – Oracle – US
  6. Warren Buffet – Berkshire Hathaway – US
  7. Steve Ballmer – Microsoft – US
  8. Bill Gates – Microsoft – US
  9. Larry Page – Alphabet – US
  10. Mukesh Ambani – Reliance Industries – India

The report notes that the “concentration of wealth is reaching unprecedented heights.”

“There are now 13 individuals with more than US$100bn, with only the first member of this ‘10-zeroclub’ coming in 2018. At this rate, expect to see the world’s first trillionaires by 2030.”

The Hurun Global Rich List 2024 is an annual report that ranks the US dollar billionaires in the world. This year’s wealth calculations are a snapshot of January 15, 2024, it said. The report is compiled by the Hurun Research Institute.

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