Team Blitz India
MUMBAI: With 92 billionaires, Mumbai has overtaken Beijing to become Asia’s new billionaire capital. The city has been the fastest-growing billionaire capital in the world, adding 26 this year and making it to the third in the world and number one in Asia.
As per the latest Hurun Research Institute report, India ranks third in the world with 271 billionaires. There has been a significant surge in India’s overall billionaire population with a whopping 94 new billionaires added this year, second only to the United States.
India has had a super strong year. Confidence in the economy grew to record levels. The number of billionaires residing in India is now almost double the ones in the United Kingdom. Eight of the top ten in the Hurun Global Rich List are from the US while Mukesh Ambani and Bernard Arnault represented India and France, respectively.
Despite his rising wealth, Ambani dropped a place to land in the tenth spot. The report also made note of the “lavish pre-wedding” of Anant Ambani. While Elon Musk maintained his richest person title for the third time, Mukesh Ambani held on to his ‘Richest person in Asia’ title. Gautam Adani made it to rank 15 on the list with a 62 per cent rise in his wealth.
Gautam Adani ($86bn), 61, & family of the Adani Group energy conglomerate, witnessed a $33 billion surge in wealth this year, attributed to a rally in their companies’ shares following a Supreme Court hearing on Hindenburg report-related issues.
Industries that the report attributed India’s growth in rank to were pharmaceuticals (39) and automobile & auto components (27). The landmark merger announced between Reliance Industries and Walt Disney made it to the list of most significant transactions in the world. This strategic consolidation aims to create a dominant force in the global entertainment industry. Overall, 167 new billionaires were added in the world this year, taking the total to 3279.
