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
Certainly! The article you provided offers a detailed insight into the distribution of billionaires across various countries, highlighting India's notable position in this elite group. As someone well-versed in economics and global wealth distribution, I can discuss the concepts and elements intertwined in this article.
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Billionaires Distribution Globally: The article discusses the distribution of billionaires worldwide, with the US leading at 735 billionaires, followed closely by China at 495, and India securing the third spot with 169 billionaires. This data aligns with the growing economic prowess and entrepreneurial landscape of these countries.
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Comparison with Developed Countries: The intriguing part lies in how India's billionaire count surpasses that of several developed nations like Germany, Italy, Canada, the UK, Australia, France, Switzerland, and Japan. This scenario reflects the evolving economic dynamics and wealth accumulation in emerging economies compared to established ones.
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Forbes' Richest Individuals in India: It provides insights into the wealthiest individuals in India, headed by Mukesh Ambani of Reliance Industries, followed by Gautam Adani, Shiv Nadar of HCL, Cyrus Poonawalla, Savitri Jindal & family, among others. This list showcases the diversity of industries contributing to India's billionaire club.
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Geographical Concentration of Billionaires: Mumbai emerges as the city hosting the highest number of billionaires in India, followed by Delhi and Bengaluru. This concentration highlights the significance of certain urban centers in fostering wealth generation and economic growth within the country.
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Global Wealth Distribution: The mention of Bernard Arnault & family as the world's richest with a staggering net worth of $236.1 billion provides a glimpse into the substantial wealth amassed by a select few on a global scale. Additionally, the dominance of Americans in the top 10 billionaires reinforces the concentration of wealth within certain regions.
Overall, this article underscores the shifting dynamics of wealth distribution, the rise of emerging economies in generating billionaires, and the concentration of wealth in specific geographic regions, reflecting broader trends in global economics and entrepreneurship.
