hurun rich list: Indian billionaires added this much wealth in 5 years | EconomicTimesIndian billionaires added this much wealth in 5 years

Indian billionaires added this much wealth in 5 years

ET Online

Mar 22, 2023

India pushes ahead

India pushes ahead

As per the 2023 M3M Hurun Global Rich List, Indian billionaires over the last five years added $360 billion to their cumulative wealth.

Image Source: iStock

There's a Hong Kong link

The list, released on March 22, says that this cumulative wealth over the last five years is equivalent to Hong Kong's GDP.

Image Source: iStock

Where were Indians, 5 years ago?

Billionaires like Mukesh Ambani, Gautam Adani and others were never a part of the top people on the list. Here's where they were 5 years ago.

Image Source: iStock

Mukesh Ambani

Mukesh Ambani, the only Indian billionaire in the top 10 of the list, was in the 41st position five years ago with $54 billion wealth. Ambani now has a net worth of $82 billion. Ambani is now the 9th richest.

Image Source: IANS

Gautam Adani

Despite losing $3,000 crore every week last year, Gautam Adani's wealth increased to $53 billion from $9.9 billion over the past 5 years. Adani is ranked 23rd on the list, up from 437.

Image Source: BCCL


Among other billionaire's, Azim Premji's rank jumped from 899 to 57, Cyrus Poonawalla climbed up from 100 to 46, and Dilip Shanghvi from 165 to 98.

Image Source: BCCL

Not everything sunny in B-Town

The world lost 5 billionaires every week last year, the count of which is down by 269 to 3112. This has happened only for the second time in last 10 years, the report said.

Image Source: iStock

India third largest

With 187 billionaires residing in India and 16 new additions, it continues to be the third largest billionaire producing nation in the world.

Image Source: iStock


In stark contrast to the 2022 Hurun list, India is at the top of the league table when it comes to wealth depletion. It has 41 billionaires who lost more than a billion-dollar YoY.

Image Source: iStock

Thanks For Reading!

Next: Navratri Colors 2023: A complete guide to the significance

Source link