According to the 2023 M3M Hurun Global Rich List, India is ranked third in terms of the number of billionaires. However, China has almost five times more billionaires than India. The list shows that India has 105 self-made billionaires, ranking third in this category. The combined wealth of these billionaires is $381 billion, according to the Hurun list. India’s proportion of the world’s billionaires has been consistently rising over the past five years, and it now accounts for 8% of the total global billionaire population, compared to 4.9% five years ago. Among these billionaires, 57% are self-made.
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| Rank | Country | Number of Self-made billionaires | Cumulative wealth (US$bn) |
| 1 | China | 891 | 3,014 |
| 2 | USA | 496 | 3,093 |
| 3 | India | 105 | 381 |
| 4 | UK | 99 | 368 |
| 5 | Russia | 70 | 374 |
| 6 | Switzerland | 41 | 167 |
| 7 | Germany | 38 | 137 |
| 8 | Australia | 32 | 122 |
| 9 | France | 29 | 123 |
| 10 | Canada | 28 | 80 |
According to the 2023 M3M Hurun Global Rich List, the number of billionaires in the world has decreased for the second time in ten years, with five billionaires being lost every week in the previous year. This year’s ranking includes 3,112 billionaires, which is a decrease of 269 compared to last year when the figure was 3,384. The two countries with the highest number of billionaires are China and the United States, which together account for 53 percent of the world’s billionaires.
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