Home » In 2020, the world added 3 billionaires every two days, India added one every week

In 2020, the world added 3 billionaires every two days, India added one every week

The world added more than 607 new billionaires or three billionaires in two days, while India added 55 new billionaires or one billionaire in 2020 each week, despite the COVID-19 epidemic in 2020, the Huro Global Rich List 2021 released on Tuesday. According to the 10th edition.

Read also: According to Oxfam report, Indian billionaires increased their wealth by 35% during the lockout

Tesla’s Elon Musk added $ 151 billion to become the richest man in the world with $ 197 billion, followed by Amazon’s Jeff Bezos with $ 189 billion in net worth, LVMH President and CEO Hent – Luis Vuitton Bernard Arnault ($ 114 billion), Microsoft’s Bill Gates ($ 110 billion) and Facebook’s Mark Zuckerberg ($ 101 billion).

Mukesh Ambani, chairman of Reliance Industries, which emerged as the richest man in India with $ 83 billion in assets, came in eighth place in 2021 in the list of global rich.

“Despite the disruption caused by COVID-19, this year has seen the biggest wealth growth of the last decade. The stock market boom, partly driven by quantitative easing, and the haggling of new listings has mined eight new dollar billionaires a week for the past year. Rupert Hogejoeff, president and chief researcher of the Huron Report, said that the world has never seen so much wealth in just one year, perhaps one year can be expected to be badly disrupted by COVID-19.

The total number of billionaires globally rose to a record 3,288 in 2020, an increase of 421 billionaires during the year. “Despite the COVID-19 epidemic, the total wealth of all billionaires around the world increased by 32% during the $ 14.7 trillion review,” the Hurun report said.

India has retained the third position in the number of billionaires, with a total of 177 billionaires living in the country. “China has taken a big time out of the USA in the past year, adding 259 to become the first country in the world from 1,058 to top 1,000 billion dollar billionaires known.” The United States ranks second with 696 billionaires, up to 70. Between the ‘Big Two’, China and the United States have 54% of the ‘known’ billionaires on the planet. India added 40 to consolidate its third position, followed by Germany, Britain and Switzerland which included more than 100 ‘billionaires’. It has been added.

In the list of Indian billionaires, Mr. Ambani is followed by Gautam Adani of Adani Group and family with nearly double his wealth by $ 32 billion, Shiv Nadar of HCL and family with assets of $ 27 billion, Lakshmi Mittal of ArcelorMittal (19 billion Dollars), Serum Institute Cyrus Poonawala ($ 18.5 billion), Hinduja Brothers of Hinduja Group ($ 18 billion), Uday Kotak of Kotak Mahindra Bank ($ 15 billion), Radhakishan Damani and family of Avenue Supermarts ($ 14 billion), Zaskler KJ Chaudhary ($ 13 billion) and Dilip Shanghvi of Sun Pharmaceutical. Family ($ 12.5 billion).

Notably, BR Shetty lost his billionaire status for the first time, as did Ritesh Aggarwal of OYO after the influence of COVID-19, Kishore Biyani of Future Retail and Rajesh Mehta of Rajesh Exports.

“Indian wealth creation is dominated by cyclical / traditional industries compared to tech-driven wealth creation in the USA and China. When tech-driven wealth creation reached its full potential, India could potentially defeat the United States in terms of the number of billionaires.

The report also noted that Mumbai is home to the largest number of billionaires in India with 60 billionaires, followed by New Delhi (40) and Bengaluru (22).

The Hurun Global Rich List 2021 ranked 2402 companies and 3228 billionaires from 68 countries. Overall, while 2312 saw an increase in their wealth, 635 saw a decrease in their wealth, 194 were drop-offs, 32 died and 282 saw the same in their wealth.

Mr. Hoogwerf said, “The pace of wealth creation is nothing less. Three individuals invested more than $ 50 billion a year under the leadership of Elon Musk behind the rise of e-cars, while Amazon’s e-commerce billionaires and Amazon’s Pindudod’s Colin Huang added $ 50 billion. At this rate, it is expected to see fifty or more breaks through the $ 100 billion mark within the next five years. “

It said first-generation immigrant billionaires are on the rise, accounting for 14% of the list, up from 11% last year. Countries with the largest number of first-generation immigrant billionaires are the United States, Britain, Switzerland, Singapore, and Russia.

“The Billionaires are not keeping up with philanthropy, making money very fast, as much as they are giving it,” Mr. Hogosef said.

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