• Wed. Nov 6th, 2024
    indian billionaires

    In terms of the amount of billionaires, India ranks third after the United States and China, with 169.
    According to the Forbes World’s Billionaires List 2023, Indian billionaires valued $675 billion are $75 billion poorer than in 2022.

    RIL chairman Mukesh Ambani is the richest Indian with a net worth of $83.4 billion, currently standing at the 13th position on the list of world’s richest. The US has 735 billionaires with a collective net worth at $4.5 trillion. China (including Hong Kong and Macau) is second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion, IANS reported citing Forbes World’s Billionaires List 2023.

    Nearly half of all billionaires are poorer than they were a year ago, as per the Forbes World’s Billionaires List 2023. Falling stocks, wounded unicorns, and rising interest rates translated into a down year for the world’s wealthiest people, the report said.

    Altogether, the planet’s billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022. Nearly half the list is poorer than a year ago, including Elon Musk, who falls from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla shares.

    Bernard Arnault, head of luxury goods giant LVMH, holds the top position on the chart, marking the first time a citizen of France leads the ranking.

    Despite a down year in the markets, rising inflation and war in Eastern Europe, more than 1,000 billionaires are actually richer than they were on Forbes’ 2022 list – some by tens of billions of dollars.

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