Chairman and managing director of India’s Reliance Industries, Mukesh Ambani. (RAVEENDRAN/AFP/Getty Images)
INDIA added more than three billionaires (in US dollar terms) every month in 2019, taking the tally to 138, says a report.
China and the US occupied the first and second spot with 799 and 626 billionaires, respectively.
In total, India got 34 new billionaires to take the count to 138 on the list, topped by Mukesh Ambani of Reliance Industries with $67 billion in networth, minting Rs 70 million every hour.
The number of billionaires jumps to 170 if Indian-origin billionaires outside the country are tallied.
Oyo founder Ritesh Agarwal, all of just 24 years, is the youngest Indian in the rich list with a networth of $1.1 billion.
According to the ninth edition of the Hurun Global Rich List 2020, which has a list of 2,817 individuals across the globe having a networth of $1 billion or more, the world has added 480 billionaires in 2019, more than one a day, while China added more than three a week and India did more than three billionaires a month.
Mumbai is the home to more than a third of the richest individuals in the country with 50 of them living in the megapolis, making it the ninth richest city globally, followed by New Delhi with 30, Bengaluru with 17 and Ahmedabad with 12.
With $67 billion, Ambani is also the ninth richest in the world which is topped by Jeff Bezos of Amazon with $140 billion.
The second in the list is SP Hinduja family ($27 billion), Gautam Adani (a little over $17 billion), Shiv Nadar & family (close to $17 billion), and Lakshmi Mittal with over $15 billion in networth.
At the sixth lot is banker Uday Kotak with a networth of around $15 billion, making him the richest self-made banker in the whole world.
At the seventh slot is Azim Premji with ($14 billion), followed by Cyrus Poonawalla of Serum Institute ($12 billion) and Cyrus Pallonji Mistry and his son Shapoor Pallonji with $11 billion each.