The largest number of billionaires in the world come from the technology sector. In the last 10 years, his wealth has increased 3 times from Rs 67,000 crore to Rs 203 lakh crore.
The wealth of Indian billionaires has almost tripled in 10 years. But the economic challenges that have emerged in China in recent years have had an impact on the country’s wealthy class. According to the UBS report, the wealth of China’s billionaires grew by more than 20% annually between 2015 and 2020. But after that, its wealth declines by about 5% every year.
In contrast, between 2020 and 2024, the wealth of billionaires in North America increased by 58.5% and that of billionaires in Western Europe by 29%. The largest number of billionaires in the world come from the technology sector. In the last 10 years, his wealth has increased 3 times from Rs 67,000 crore to Rs 203 lakh crore. Industrial billionaires are in second place. Assets increased from Rs 45,000 crore to Rs 110 lakh crore.
However, the report does not mention which of the world’s top businessmen saw their wealth increase.
America: Billionaires’ wealth increased by 58% to Rs 516 lakh crore In America, billionaires’ wealth increased by 58.5% to Rs 516 lakh crore in 5 years. While between 2015 and 2020, it increased by 52.7% to around Rs 322 lakh crore. But between 2020 and 2024, the number of billionaires in the technology sector was the highest.
Europe: The rate of increase in wealth has slowed; the situation in Europe was different from that in India, China and America. Between 2015 and 2020, the wealth of Western European billionaires increased by 44% to Rs 178 lakh crore. But between 2020 and 2024, it grew only 29% to Rs 228.6 lakh crore. In this, technology billionaires and industrialists associated with messaging have remained at the forefront.
China: The wealth of billionaires has declined by 16% in 5 years, Rs 152 lakh crore. Between 2015 and 2020, the wealth of Chinese billionaires increased by 137% to Rs 178 lakh crore. Since then, his wealth has declined by 16% to Rs 152 lakh crore. Meanwhile, the number of billionaires in China has remained stable. There were 496 billionaires in 2020. Even in 2024, there are only 501.
The peculiarity is that in recent years, almost as many people have been added to the list of Chinese billionaires as others have been excluded. Unlike other countries, about a third of China’s billionaires have a net worth of just over $1 billion. This means that even a slight decline in the Chinese stock market can force them to leave.
India: The wealth of billionaires has tripled to Rs 77 lakh crore in 10 years. In 10 years, the number of Indian billionaires increased by 123%, from 83 to 185. But its wealth increased by 263% to Rs 77 lakh crore. India ranks third in the world in terms of billionaire wealth. Only America and China are ahead of India.
Effect of 249% jump in Nifty 500 index: Family businesses have played an important role in increasing the wealth of the rich class in India. The 2017 Credit Suisse report states that there are 108 publicly traded family businesses in the country. The Nifty 500 index has increased by 249% since December 1, 2015, and the number of billionaire families has also increased by the same amount.
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Adani family is the richest in the country, leaving Ambani behind: Wealth in Hurun India Rich List ₹11.62 lakh crore
The total wealth of Adani Group Chairman Gautam Adani and his family increased by 95% in a year to Rs 11.62 lakh crore. The Adani family increased its total wealth by Rs 5,65,503 crore in the last one year. The Adani family has overtaken the Ambani family to become the richest family in the country. The Ambani family’s wealth is Rs 10.15 lakh crore. There was an increase of 25% in one year. …