Mumbai’s billionaire wealth stands at $445 billion, with an increase of 47% from previous year, as against Beijing’s $265 billion, a 28% decrease. Some of the factors behind India’s robust economic performance are strong markets, investor confidence and immense opportunities for business creation
The global billionaires list witnessed as many as 94 new entrants from India, stated a report by Hurun India on Tuesday.
Following a net addition of 84, the country s billionaire tally touched 271 with their combined wealth at $1 trillion, noted the report.
Mukesh Ambani, chairman & managing director of Reliance Industries, is the only Indian to make it into the top 10 of the Hurun Global Rich List 2024, a ranking of billionaires in US dollar terms.
Hurun s Rupert Hoogewerf discusses the wealth disparities among Indians, Chinese, and UK individuals. He emphasizes the confidence of Indian businessmen and the growth in the number of affluent individuals on the Hurun India Rich List.
According to the Hurun India Rich List 2023, there are 1,319 individuals with wealth over Rs 1,000 crore in the country, marking an increase of 216 individuals and 278 new entrants. This is the first time the list has surpassed the 1,300 mark, recording a 76% increase over the last five years.