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.