India has world’s third-largest number of billionaires; Adani doubles wealth to $14bn

The only Indian who saw a massive growth in his fortunes was Gautam Adani, the list noted, adding that his wealth doubled to US $14 bn in the last one year.

Gautam Adani with Prime Minister Malcolm Turnbull. Source: AAP Image/Mick Tsikas

According to an annual list of the world’s richest individuals released this week, India has world’s third-largest number of billionaires.

Hurun Report’s Global Rich List 2018 ranked 2,694 billionaires from 68 countries and from 2,157 companies in another record-breaking year for the world’s billionaires.

Total wealth increased by a staggering 31% to US$10.5 trillion, equivalent to 13.2% of global GDP, and almost double the 7% of global GDP six years ago.

The report shows India ranked third, behind China and the US and ahead of countries like the United Kingdom, Germany and Russia.

“It has been a good year for India, claiming back its third place after adding 31 billionaires, on the back of a record performance of the Indian stock markets,” Rupert Hoogerwerf, Chairman and Chief Researcher, Hurun Report said.

While Amazon’s Jeff Bezos is the richest person in the world with US $123bn, Mukesh Ambani continues to be the richest Indian man with a 73% increase in his wealth. The 60-year-old Reliance boss took his overall wealth to US $45 bn and is currently the 19th richest man in the world.

The only Indian who saw a massive growth in his fortunes was Gautam Adani, the list noted, adding that his wealth doubled to US $14 bn in the last one year. The 55-year-old business tycoon witnessed a growth of 109% in the last 12 months, entering the Top 100 club.

The other Indian billionaires who made it to the Top 100 list were Dilip   Shanghvi of Sun Pharma and Shiv Nadar of HCL.

Top 100 - Hurun Global Rich List 2018

Rank	Change	Name	Net Worth  (US$Bn)	% change	Main Company	Age	Country of Residence
1	2	Jeff   Bezos	123	71%	Amazon	54	USA
2	0	Warren   Buffett	102	31%	Berkshire   Hathaway	87	USA
3	-2	Bill   Gates	90	11%	Microsoft	62	USA
4	1	Mark   Zuckerberg	79	36%	Facebook	33	USA
5	6	Bernard   Arnault	78	105%	LVMH	68	France
6	-2	Amancio   Ortega	73	6%	Inditex	81	Spain
7	0	Carlos   Slim Helu & Family	67	46%	America   Movil	78	Mexico
8	-2	Larry   Ellison	54	13%	Oracle	73	USA
9	3	Larry   Page	50	35%	Google	44	USA
10	0	Michael   Bloomberg	49	17%	Bloomberg	76	USA
11	5	Alice   Walton	48	55%	Walmart	68	USA
11	-3	Charles   Koch	48	12%	Koch   Industries	82	USA
11	-3	David   Koch	48	12%	Koch   Industries	77	USA
11	5	Jim   Walton	48	55%	Walmart	69	USA
15	23	Pony   Ma Huateng	47	114%	Tencent	47	China
15	1	Robson   Walton	47	52%	Walmart	73	USA
17	New	Francoise   Bettencourt-Meyers	46	New	L'Oreal	64	France
17	-3	Sergey   Brin	46	28%	Google	44	USA
19	10	Mukesh Ambani	45	73%	Reliance	60	India
20	0	Bertrand   Puech & Family	41	41%	Hermes	82	France
20	78	Xu   Jiayin	41	242%	Evergrande	60	China
22	3	Steve   Ballmer	38	41%	Microsoft	61	USA
23	-3	Phil   Knight	35	21%	Nike	80	USA
23	11	Sheldon   Adelson	35	46%	Las   Vegas Sands	84	USA
25	9	Lee   Shau Kee	34	42%	Henderson   Land	90	China
26	-6	Jack Ma Yun &   Family	32	10%	Alibaba	54	China
26	126	Yang   Huiyan	32	268%	Country   Garden	37	China
28	34	Francois   Pinault & Family	31	107%	Kering	81	France
28	-5	Jacqueline   Mars	31	11%	Mars	78	USA
28	-5	John Mars	31	11%	Mars	82	USA
28	1	Jorge Paulo Lemann	31	19%	3G   Capital	78	Switzerland
32	20	Georg   Schaeffler	30	76%	Schaeffler   Group	53	Germany
32	0	Li   Ka-Shing	30	20%	Cheung   Kong	90	China
34	73	He   Xiangjian & He Jianfeng	29	164%	Midea	76,   51	China
34	4	Maria   Franca Fissolo	29	32%	Ferrero   Rocher	76	Monaco
36	-17	Wang   Jianlin & Family	27	-10%	Wanda	64	China
37	-12	Dieter   Schwarz	26	-4%	Schwarz Group	78	Germany
37	-3	James   & Arthur Irving	26	8%	Irving   Group	89	Canada
39	8	Leonardo   Del Vecchio	25	39%	Luxottica	82	Italy
40	35	Elon   Musk	24	71%	Tesla   Motors	46	USA
40	16	Serge   Dassault & Family	24	50%	Dassault   System	92	France
42	14	Michael   Dell	23	44%	Dell	53	USA
42	-2	Paul   Allen	23	10%	Vulcan	65	USA
42	-1	Susanne   Klatten	23	15%	BMW	55	Germany
42	20	Thomas   Peterffy	23	53%	Interactive   Brokers	73	USA
46	-5	Carl   Icahn	22	10%	Icahn   Enterprises	82	USA
46	-21	Wang Wei	22	-19%	SF Express	47	China
48	14	Charoen Sirivadhanabhakdi	21	40%	Thai Beverage	73	Thailand
48	-1	Ding   Lei	21	17%	Netease	47	China
48	-11	Gérard   Mulliez & Family	21	-9%	Auchan	86	France
48	-16	Masayoshi   Son	21	-16%	Softbank	60	Japan
48	-1	Stefan   Quandt	21	17%	BMW	51	Germany
48	38	Takemitsu   Takizaki	21	62%	Keyence	72	Japan
54	21	Alexey   Mordashov	20	43%	Severstal	52	Russia
54	-7	Elaine   Marshall & Family	20	11%	Koch   Industries	75	USA
54	-10	Galen   Weston & Family	20	5%	George   Weston	77	Canada
54	-10	Leonard   Blavatnik	20	5%	Lyondellbasell	60	UK
54	21	Li   Yanhong & Ma Dongmin	20	43%	Baidu	50,   48	China
59	-15	David   Thomson & Family	19	0%	Thomson   Reuters	60	Canada
59	3	Henry   Cheng Kar-Shun & Family	19	27%	Chow   Tai Fook	70	China
59	27	Vladimir   Lisin	19	46%	Novolipetsk   Steel	61	Russia
59	3	Vladimir   Potanin	19	27%	Interros	57	Russia
59	16	Yan   Hao & Family	19	36%	China   Pacific Construction	32	China
59	94	Zhang Zhidong	19	121%	Tencent	46	China
65	-3	Hugh   Grosvenor	18	20%	Grosvenor	27	UK
65	21	Joseph   Lau Luen Hung	18	38%	Chinese   Estates	67	China
65	21	Joseph Safra	18	38%	Safra Bank	79	Brazil
65	33	Lakshmi   N Mittal	18	50%	ArcelorMittal	67	UK
65	10	Lee   Kun Hee	18	29%	Samsung	76	South   Korea
65	-9	Ray   Dalio	18	13%	Bridgewater   Associates	68	USA
65	10	Viktor   Vekselberg	18	29%	Renova	60	Russia
65	-3	Yao   Zhenhua	18	20%	Baoneng	48	China
73	-26	Donald   Bren	17	-6%	Irvine   Company	85	USA
73	76	Ernesto   Bertarelli & Family	17	87%	Serono	52	Switzerland
73	-11	James   Simons	17	13%	Renaissance   Technologies	79	USA
73	-21	Khalifa   Bin Zayed Al Nahyan & Family	17	0%	SBK   Holdings	70	UAE
73	196	Li   Shufu & Li Xingxing	17	198%	Geely	55,   33	China
73	54	Lui   Che Woo	17	70%	Galaxy   Entertainment	89	China
73	-11	Ronald   Perelman	17	13%	Scientific   Game	75	USA
80	18	Hans   Rausing	16	33%	Tetra   Pak	91	UK
80	-18	Harold Hamm	16	7%	Continental Resources	72	UK
80	67	Lei   Jun	16	72%	Xiaomi	49	China
80	-18	Leonid   Mikhelson	16	7%	Novatek	62	Russia
80	27	Marcel   Herrmann Telles	16	45%	3G Capital	68	Brazil
80	27	Zhang   Jindong	16	45%	Suning	55	China
80	-24	Zong Qinghou &   Family	16	0%	Wahaha	73	China
87	22	Charlene   Carvalho	15	36%	Heineken	63	UK
87	11	Dietrich Mateschitz	15	25%	Red Bull	73	Austria
87	-12	Dilip   Shanghvi	15	7%	Sun   Pharma	62	India
87	45	Dustin   Moskovitz	15	52%	Facebook	33	USA
87	11	Eric   Schmidt	15	25%	Google	62	USA
87	-1	Gennady   Timchenko	15	15%	Gunvor	65	Switzerland
87	-25	Hassanal Bolkiah &   Family	15	0%	Brunei   Investment Agency	71	Brunei
87	97	James   Ratcliffe	15	108%	Ineos	65	UK
87	56	Lucas   Walton	15	60%	Walmart	31	USA
87	0	Robert   Kuok	15	15%	Wilmar,   Shangri La	94	China
87	-46	Stefan   Persson	15	-25%	Hennes   & Mauritz	70	Sweden
98	42	Aliko   Dangote	14	46%	Dangote   Cement	60	Nigeria
98	-42	Alwaleed   Bin Talal Alsaud	14	-13%	Kingdom   Holding	62	Saudi   Arabia
98	-42	Charles Ergen	14	-13%	Dish Networks	64	USA
98	110	Gautam   Adani	14	109%	Adani   Enterprises	55	India
98	27	Klaus-Michael   Kuhne	14	40%	Kuehne   & Nagel	80	Switzerland
98	0	Lu Zhiqiang   & Family	14	17%	Oceanwide	66	China
98	0	Rupert   Murdoch	14	17%	News   Corp	86	USA
98	886	Seo   Jung Jin	14	536%	Celltrion	60	South Korea
98	-0	Shiv   Nadar	14	17%	HCL	72	India
98	-12	Tadashi Yanai	14	8%	Fast Retailing	69	Japan

The data revealed that most billionaires in India come from the pharmaceuticals sector. It took the top spot with 19 billionaires, followed by Automobile & Components with 14 and Consumer products with 11.

Among cities, Mumbai is the preferred destination for Indian billionaires followed by New Delhi.

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