Hurun Global Rich List: India ranks third in terms of self-made billionaires

India ranks third in terms of self-made billionaires

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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Top 10 countries in term of Self-made billionaires

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.