Forbes Rich List 2023: India is home to 169 billionaires with a collective net worth of $675 billion.
April 08, 2023 / 04:31 PM IST
The United States of America is home to 735 billionaires
Forbes’ 2023 ranking of the world’s wealthiest people has once again revealed the countries with the most billionaires. The Forbes 2023 rich list reveals that 2,640 billionaires of the world hail from 77 countries or territories.
The country with the highest number of billionaires is, unsurprisingly, the US. The United States of America has 735 billionaires – same as last year, according to Forbes. While the US cannot claim to be home to the world’s richest person – that honour goes to France with Bernard Arnault – it is home to the likes of Elon Musk, Jeff Bezos and Bill Gates.
LeBron James and Tiger Woods were among the 50 people who joined the billionaires list for the first time this year, even as Sam Bankman-Fried, Kanye West and dozens others dropped off.
The country ranking second in terms of the number of billionaires it has produced is China. This year, China is home to 495 billionaires, a not-insignificant drop from last year’s 539 Chinese billionaires.
The third place in the rankings went to India with 169 billionaires. Indian billionaires have a collective net worth of $675 billion, according to Forbes – but that’s still a drop of $75 billion from last year. The biggest reason behind this could be the dramatic plunge in the net worth of Gautam Adani, who lost nearly $43 billion alone in the aftermath of the Hindenburg report.
Germany became the country with the fourth-most billionaires. Germany has 126 billionaires this year as compared to 134 last year. The country’s richest person is the owner of the Schwarz Group, Dieter Schwarz, with an estimated net worth of $42.9 billion.
Rounding up the rankings is Russia with 105 billionaires that have a combined net worth of $474 billion.
first published: Apr 8, 2023 04:29 pm
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In the realm of financial analysis and global wealth distribution, Forbes' annual Rich List is an essential reference point. My expertise in finance and economics involves comprehensive study and analysis of these lists, understanding the nuances of wealth accumulation, net worth fluctuations, and the economic dynamics influencing these rankings.
For instance, examining the Forbes Rich List for 2023, it's evident that the United States maintains its dominance as the country with the most billionaires. With 735 billionaires, individuals like Elon Musk, Jeff Bezos, and Bill Gates continue to shape this nation's representation on the list.
China, although experiencing a slight decline from the previous year, still stands as the second country in terms of the number of billionaires, with 495 individuals contributing to its representation on the list.
India, with 169 billionaires, showcases both significant wealth and a slight downturn in collective net worth, notably due to figures like Gautam Adani, who faced a substantial decrease in net worth following the Hindenburg report.
Germany's position with 126 billionaires, led by individuals like Dieter Schwarz, depicts a subtle decline from the prior year's count, shaping its role in the global billionaire landscape.
Russia, with 105 billionaires, maintains a notable presence despite global economic fluctuations, boasting a combined net worth of $474 billion.
Each country's performance on this list reflects not only individual achievements but also the impact of economic, geopolitical, and market-specific factors influencing wealth distribution and net worth alterations.
Understanding these intricacies is crucial to comprehend the dynamic nature of wealth creation and the global economic landscape.
FAQs
They hail from 78 countries, up from 77 in 2023. The U.S. remains the country with the most billionaire citizens, with 813 who are collectively worth $5.7 trillion, both records.
How many billionaires are in India? ›
Moreover, the roster now boasts 200 Indian individuals, a significant rise from the 169 counted last year. Collectively, these Indian billionaires have amassed an impressive $954 billion, reflecting a remarkable 41% surge from the previous year's total wealth of $675 billion held by 169 billionaires.
Who is the top 10 richest person? ›
Top 10 richest people in the world
| Name & Rank | Net Worth (in $ Billions) | Source of Wealth |
|---|
| #1 Bernard Arnault & family | $233 | LVMH |
| #2 Elon Musk | $194 | Tesla, SpaceX |
| #3 Jeff Bezos | $195 | Amazon |
| #4 Mark Zuckerberg | $177 | Facebook |
6 more rowsApr 3, 2024
There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They're richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021.
What 10 countries have the most billionaires? ›
Hurun Global Rich List
| Rank | Country/Territory | Number of billionaires |
|---|
| 1 | China | 814 |
| 2 | United States | 800 |
| 3 | India | 271 |
| 4 | United Kingdom | 146 |
26 more rowsIndia's Richest Billionaires Rank 2: Gautam Adani heads the Adani Group with a revenue of $32 billion. The conglomerate is involved in various sectors including ports, airports, power generation and transmission, as well as green energy initiatives. According to Forbes, Gautam Adani has a net worth of $84 billion.
Who is India's first billionaire? ›
Mir Osman Ali Khan, the last Nizam of Hyderabad—he was India's very first billionaire and one of the richest people in the world back in the day. We're talking about the late 19th century here. Mir Osman Ali Khan was born in 1886 and later ruled over the largest state in British India, the Princely State of Hyderabad.
Who is the No 1 richest person in India? ›
At the top of the list is Mukesh Ambani whose net worth shot up to $116 billion, from $83 billion, making him the first Asian to break into the $100 billion club. Mukesh Ambani retained his position as the ninth richest person in the world is both India's and Asia's richest person.
Who is the richest Indian family? ›
It all starts with the groom's father, billionaire industrialist Mukesh Ambani, who is currently the richest person in India and the ninth-richest man in the world. Forbes pegs his net worth at just under $118 billion.
Who is richest man in India 2024? ›
Forbes' latest '2024 Billionaires List' sees Mukesh Ambani topping as Asia and India's richest individual, with a wealth surge to $116 billion. The roster includes 200 Indian billionaires, up from 169 last year, amassing a combined $954 billion, a 41 percent increase.
Savitri Jindal is India's richest woman, with a net worth of $35.5 billion, according to Forbes. Savitri Jindal, Rekha Jhunjhunwala, Renuka Jagtiani, Smita Crishna-Godrej, and Vinod Rai Gupta are the top five richest women in India.
Who is a Centillionaire? ›
centillionaire (plural centillionaires) (hyperbolic) Somebody whose wealth is greater than one centillion (10303) units of the local currency; an extremely rich person.
Who are the 6 trillionaires? ›
These are the only 6 trillionaires who lived on earth from history who reached the pinnacle of wealth.
- Genghis Khan. 1206–1227. King of Mongol Empire. ...
- Zhao Xu. 1048–1085. ...
- Akbar, The Great. 1542–1605. ...
- Amenhotep III. 1388–1351 BC. ...
- Augustus Caesar. 63 BC-14 AD. ...
- King Solomon. 970–931 BCE. ...
- Mansa Mousa. 1280–1337.
Swift's inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion. In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing.
Which 2 countries have the most billionaires? ›
China will be the leading economy followed by India and the US. According to the Hurun report for the Global Rich List 2024, the United States added the most billionaires, introducing 109 new billionaires to the list. India was the second best country, adding 84 new people to the list of billionaires.
How many billionaires are in America? ›
This is a list of U.S. states and federal district by the number of billionaires as of 2023; there are 756 billionaires living in the United States. They live in 43 of the 50 states. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.
Is Dubai the richest city in the world? ›
As per the World's Wealthiest Cities Report 2023, Dubai occupies the 20th position. The city is home to over 68 thousand millionaires, over 200 centimillionaires (with a net worth over $100 million) and 15 billionaires.
