India has reached its 100 billionaire mark amongst the billionaires of the world in 2014. According to the Wealth-X and UBS Billionaire Census 2014, released on September 17, 2014, India’s billionaire population stands at 100. The total billionaire wealth of the country is $175 billion. The country that leads is the United States followed by China. Mumbai, the financial capital of our country, is among the top 20 billionaire cities in the world. There are 28 billionaires in Mumbai at present. The city which is at the top in the number of billionaires is the New York city.
Wealth-X and UBS Billionaire Census looks at the global billionaire population every year. The Wealth-X and UBS Billionaire Census reported that 230 people in the country have a wealth of Rs. 1800 crore. The number of billionaires decreased by 3% this year as compared to last year. The total billionaire wealth of the country has also fallen by $5 billion compared to 2013. The good news is that India still holds the 6th position worldwide in the club of billionaires and India has more billionaires than Hong Kong, Switzerland and France, among others. The total wealth of India’s richest is $422 billion, which is 22% of India’s GDP. It is reported that this amount is larger than UAE ($396 billion), South Africa ($350 billion) and Qatar ($200 billion) .
The top 10 in the club of 100 Indian billionaires
- Rank 1: Mukesh Ambani
- Rank 2: Dilip Shanghvi
- Rank 3: Lakshmi Mittal
- Rank 4: Azim Premji
- Rank 5: Shiv Nadar
- Rank 6: SP Hinduja
- Rank 7: Pallonji Mistry
- Rank 8: KM Birla
- Rank 9: Sunil Mittal
- Rank 10: Gautam Adani
Mukesh Ambani tops the list
While Mukesh Ambani retains the first position, the new entrant in the list of top 10 is Gautami Adani of Adani enterprises. Mukesh Ambani, chairman and managing director of one of India’s largest conglomerate, Reliance Industries Limited, has an estimated net worth of $24.1 billion as of July 2014. Till July 2014, Gautam Adani’s net wealth was worth $5.3 billion. The chairman and founder of Adani Group, Gautam Adani, is one of the biggest gainers in the list of 100 billionaires with his wealth rising by 152 per cent.
Dilip Shanghvi and others
- Founder and managing director of Sun Pharmaceuticals, Dilip Shanghvi is in the second position, while steel magnate LN Mittal of Arcelormittal is in the third position.
- The fourth position is retained by Wipro chairman Azim Hashim Premji, HCL chairman Shiv Nadar is at fifth. SP Hinduja, chairman of Hinduja Group is at sixth, Shapoorji Pallonji Group chairman Pallonji Mistry at seventh.
- We also have Kumar Mangalam Birla of the Aditya Birla Group in the top 10 positions, holding the eighth rank followed by Sunil Mittal, chairman and Group CEO of Bharti Enterprises.
- Other noteworthy names in the billionaire club of 100 Indians are Anil Ambani of Reliance Communications, Hyderabad-based P V Ramprasad Reddy , founder of Aurobindo Pharma, Sachin and Binny Bansal, the founders of Flipkart, India’s online retailer etc.
Mumbai is home to the largest number of billionaires in India (28 billionaires) followed by Delhi and Bangalore. The main source of wealth in India is the manufacturing sector, followed by pharmaceuticals and real estate.