Business & Policy

INDIAN BILLIONAIRES IN THE CONTEXT OF THE WORLD

Published: March 23, 2023
Author: Fashion Value Chain

WORLD LOST 5 BILLIONAIRES EVERY WEEK FOR LAST YEAR. BILLIONAIRES DOWN FOR SECOND TIME ONLY IN TEN YEARS. WORLD HAS 3112 BILLIONAIRES, DOWN 269. 

CHINA LEADS THE M3M HURUN GLOBAL RICH LIST 2023  FOLLOWED BY USA . BETWEEN THEM, CHINA AND USA HAVE 53% BILLIONAIRES IN WORLD. INDIA THIRD WITH 187, DOWN 28. GERMANY OVERTOOK UK FOR FOURTH PLACE WITH 144 BILLIONAIRES.

445 DROPOFFS, LED BY CHINA , FOLLOWED BY USA  AND INDIA .

176 NEW FACES, LED BY CHINA , FOLLOWED BY USA  AND INDIA .

WITH A WEALTH OF US$82BN, MUKESH AMBANI (66) OVERTAKES GAUTAM ADANI (61), TO BAG THE RICHEST INDIAN TITLE.  MUKESH AMBANI, WHO IS ASIA’S RICHEST IS THE ONLY INDIAN TO ENTER THE TOP 10 IN 2023 M3M HURUN GLOBAL RICH LIST.

WITH A NET LOSS OF US$28BN, GAUTAM ADANI SLIPPED TO THE SECOND SPOT. GAUTAM ADANI LOST INR 3,000 CRORES EVERY WEEK OVER THE LAST YEAR.

WITH 187 BILLIONAIRES RESIDING IN INDIA AND 16 NEW ADDITIONS, INDIA CONTINUES TO BE THE THIRD LARGEST BILLIONAIRE PRODUCING NATION IN THE WORLD; THE NUMBER RISES TO 217 IF INDIAN ORIGIN BILLIONAIRES ARE ADDED.

OVER THE LAST FIVE YEARS, INDIAN BILLIONAIRES IN 2023 M3M HURUN GLOBAL RICH LIST ADDED CIRCA US$361 BN TO THEIR CUMULATIVE WEALTH – THIS IS EQUIVALENT TO HONG KONG’S GDP

MUMBAI IS HOME TO 66 BILLIONAIRES, FOLLOWED BY NEW DELHI (39) AND BENGALURU (21)

HEALTHCARE SECTOR MINTED THE MOST NUMBER OF INDIAN DOLLAR BILLIONAIRES, FOLLOWED BY CONSUMER GOODS AND CHEMICALS ON THE OTHER HAND FINANCIAL SERVICES, HEALTHCARE AND RETAIL SECTOR MINTED MORE GLOBAL BILLIONAIRES

WITH A WEALTH OF US$27BN, VACCINE KING CYRUS S POONAWALLA, OF SERUM INSTITUTE OF INDIA, IS THE RICHEST HEALTHCARE BILLIONAIRE IN THE WORLD FOLLOWED BY DILIP SHANGHVI & FAMILY (US$17BN) OF SUN PHARMACEUTICAL INDUSTRIES

WITH A WEALTH OF US$7.1BN, AND ALTHOUGH DOWN 108 RANKS THIS YEAR, ASHWIN S DANI & FAMILY, RANKED 377TH, IS THE RICHEST PAINT ENTREPRENEUR IN THE WORLD

INDIA IS ALSO HOME TO THE RICHEST AVIATION BILLIONAIRES IN THE WORLD. WITH A WEALTH OF US$ 3.6BN AND US$3.3BN RESPECTIVELY, RAKESH GANGWAL AND RAHUL BHATIA AND FAMILY OF “INDIGO” AIRLINES ARE THE WEALTHIEST AVIATION BILLIONAIRES. 

JUMPING 1,005 RANKS OVER THE LAST THREE YEARS, AND WITH A WEALTH OF US$3.3BN BYJU RAVEENDRAN AND FAMILY, RANKED 994ND, OF BYJU’S IS THE SECOND RICHEST ENTREPRENEUR FROM THE EDUCATION SECTOR IN THE WORLD.

DOWN 11 RANKS OVER THE LAST YEAR, GAUTAM ADANI IS THE THIRD RICHEST ENERGY ENTREPRENEUR IN THE 2023 M3M HURUN GLOBAL RICH LIST

WITH A WEALTH OF US$82BN, MUKESH AMBANI IS THE RICHEST TELECOM ENTREPRENEUR IN THE 2023 M3M HURUN GLOBAL RICH LIST

IMPROVING 103 RANKS OVER THE LAST YEAR, AND WITH A WEALTH OF US$4BN, RADHA VEMBU, THE SISTER OF CEO SRIDHAR VEMBU, IS THE SECOND RICHEST SELFMADE WOMEN IN THE WORLD FROM SOFTWARE & SERVICES. 

JUMPING 186 RANKS OVER THE LAST FIVE YEARS, AND WITH A WEALTH OF US$14BN, KUMAR MANGALAM BIRLA & FAMILY, RANKED 136TH, IS THE SECOND RICHEST CEMENT MANUFACTURER IN THE WORLD.

WITH A WEALTH OF US$8.2BN, NUSLI WADIA & FAMILY OF BRITANNIA IS THE RICHEST BISCUIT MANUFACTURER IN THE WORLD. 

ANIL RAI GUPTA & FAMILY OF HAVELLS INDIA, US$3.6BN, IS THE THIRD RICHEST HOUSEHOLD APPLIANCES ENTREPRENUER IN THE WORLD.

IMPROVING 52 OVER THE LAST FIVE YEARS, AND WITH A WEALTH OF US$26BN SHIV NADAR & FAMILY, IS THE THIRD RICHEST SOFTWARE & SERVICES BILLIONAIRE IN THE WORLD. 

WORLD’S LARGEST RICH LIST PROVIDER HURUN LAUNCHES 12TH ANNIVERSARY EDITION OF 2023 M3M HURUN GLOBAL RICH LIST, IN ASSOCIATION WITH M3M INDIA.

Key Global Findings in the 2023 M3M Hurun Global Rich List

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