India Home to 100 Billionaires; 6th Largest Population Globally

India has retained its sixth position in terms of number of billionaires with 100 such people collectively having $175 billion (Rs. 10.5 lakh crore) in networth.

According to the Wealth-X and UBS Billionaire Census 2014, released today, though the number of billionaires in the country has decreased but India still enjoys a decent 6th position in the top 10 league.

Interestingly, India has more number of billionaires than Switzerland, Hong Kong and France among others. Globally the number of uber-rich has reached a record high of 2,325 persons.

Moreover, the country’s financial capital Mumbai, with 28 billionaires is among the top 20 ‘billionaire cities’ globally, which was topped by New York which is home to 103 billionaires.

On the top 40 billionaire countries/territories list, the United States maintained its position as the world’s top billionaire country with a population of 571 billionaires in 2014, followed by China (190) and the United Kingdom (130) in the second and third position respectively.

According to the report, which looks at the global billionaire population from July 2013 to June 2014, India’s billionaire population has decreased by 3 per cent to 100 and the total billionaire wealth has fallen by $5 billion to $175 billion.

However, the world’s population of billionaires continues to grow.

The global billionaire population reached a record 2,325 with the addition of 155 new billionaires in 2014, registering a rise of 7 per cent from 2013.

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About Satendra42Sharma

Pursuing B.tech in Mechanical Engineering, Currently working as a Research Intern at IIT Jodhpur.

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