From the US to India, the top 5 countries with the most billionaires
Forbes India’s Post
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India is 3rd largest with number of billionaires and will definitely be among the top in terms of multi millionaires but MNC wealth management companies still doubt India market. Reality is most of them are not able to decode the stronghold of Indian Banks and NBFC in Wealth Management space. One of the key reasons is viewing WM in isolation but in reality unless you are not able to cater to the other financial needs of the creme audience, you will never be able to dent the dons of Indian WM.
Countries with the most billionaires! India 169 as of 2023. How many billionaires will we add this year? 😉
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India has 3rd highest number of billionaires according to Forbes, although income (dis)parity has huge distance to cover. The highest number of billionaires are in USA which more is than seven hundred, followed by China with around five hundred billionaires.
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China has the most billionaires as per Hurun Global Rich List. It is followed by USA and India. Mumbai is the Indian city with most billionaires. It is home to 66 billionaires, while New Delhi has 39 billionaires and Bengaluru stands in the third position with 21 billionaires.
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Mukesh Ambani reclaims the title of India's richest while the ranking of the top 10 billionaires sees multiple movements. The second edition of the Fortune India-Waterfield Advisors' study of India's richest — a definitive listing of the country's dollar billionaires — shows that the elite club is now equivalent to 25.39% of India's FY23 GDP of ₹273 lakh crore ($3.4 trillion). The top 13 names in the list, whose net worth is more than ₹1 lakh crore, control around 47.70% ($438 billion) of the cumulative wealth held by the 157 billionaires. Slide to explore the top 10 Indian billionaires from the 2023 Fortune India - Waterfield Advisors ranking! Read the complete list here - https://lnkd.in/dH2--zUR Disclaimer - https://lnkd.in/dEhsX_UG #billionaire #research #ranking #top10
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Indian Billionaires Soar To Record Highs: India sets another record on Forbes’ World’s Billionaires list, with 200 names, a cumulative total nearing a trillion dollars, and Asia’s first centibillionaire. View article: https://lnkd.in/eTexNe5q Forbes #billionaires #richest #india
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India's Mumbai surpasses Beijing to claim the title of Asia's billionaire capital, with Indian billionaires collectively amassing over $1 trillion in wealth. The nation witnessed a staggering surge of 94 new billionaires in a single year, outpacing China by 39, propelling India to the third spot globally in billionaire count, leaving Germany behind. #pakistanrepublic #india #China #mumbai #billionaire #capital #wealth
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In a significant shift, Mumbai has overtaken Beijing as Asia's billionaire hub for the first time, according to the 2024 Hurun Global Rich List. The combined wealth of Indian billionaires has soared to an impressive US$1 trillion, outstripping China's average billionaire wealth, with Indian billionaires averaging US$3.2 billion compared to China's US$3.8 billion. India's remarkable ascent is further underscored by the addition of 94 new billionaires in a single year, surpassing China's 55, reinforcing India's position as the world's second-largest contributor to the billionaire cohort. #clickmepakistan #mumbai #billionaire #economicgrowth #beijing
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The courtship of India by the U.S. and its allies in recent years, intended to offset the rise of China, is a clumsy attempt to compensate for the West's declining military potency, economic weakness, flagging industrial competitiveness, aging population and sociopolitical divisions. Founded on the simplistic premise that "My enemy's enemy is my friend," the Indian pivot is economically and strategically incoherent. With less than 40% of China's gross domestic product on a purchasing power parity basis, India cannot provide a meaningful alternative to the Middle Kingdom as a global growth engine. True, India has been posting higher rates of growth than any other major economy, with the International Monetary Fund forecasting a 6.8% expansion this year. But rather than reflecting growing market prowess, India's rising output is more about undoing the effects of COVID-era retrenchment and a function of massive government infrastructure spending… https://lnkd.in/drmSRRpi https://lnkd.in/dcdbsTyw
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For the first time, Mumbai has overtaken Beijing to become Asia's billionaire capital. According to the 2024 Hurun Global Rich List, Indian billionaires have surpassed China's average wealth per billionaire, with Mumbai's billionaires collectively holding US$1 trillion in wealth. India's ascent to the top spot in Asia is highlighted by its addition of 94 new billionaires in a single year, solidifying its position as the second-largest contributor to the global billionaire population. India now ranks third globally with 271 billionaires, surpassing Germany. This remarkable growth stands out amidst a global increase in the number of billionaires by a modest 5%. India added the second-highest number of new billionaires (94) after the US (109), showcasing a meteoric rise. The surge in India's billionaire population signals a potential shift in the global economic landscape, with Mukesh Ambani retaining his position as Asia's richest person. India's success is further emphasized by 247 individuals witnessing an increase in their wealth, surpassing China's 241, where only 24 billionaires experienced a decline in wealth. India's cumulative wealth surged by 51%, marking robust growth and solidifying its position as a major player in the global billionaire landscape. #Mumbai #Beijing #Asia's #Billionaire
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Watch now! Then & Now: India versus China Dive into the dynamics of the ongoing old economy run in India. What’s driving it? What does the future hold? As India marches towards a $10 trillion economy, it’s crucial to understand the key factors shaping this journey. Unpack the insights and get ahead of the curve. 🚀🇮🇳 #OldEconomyRun #indiaeconomy #FutureProspects #EconomicInsights
Then & Now: India versus China
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