The Forbes World’s Billionaires List 2024 presents a comprehensive overview of the wealthiest individuals globally, highlighting their financial achievements and economic impact. Among the global elite, Indian billionaires have made notable strides, reflecting the country’s growing economic influence.
This year’s list features prominent Indian figures who have not only amassed substantial fortunes but also significantly contributed to various industries. The ranking of Indian billionaires offers insights into the sectors driving wealth creation in India, from traditional industries like petrochemicals to emerging sectors like technology and finance.
This introduction sets the stage for an in-depth exploration of India’s representation in the 2024 billionaire rankings, showcasing the nation’s expanding footprint in the global economy.
Overview of the 38th Annual World’s Billionaires List
Forbes has released its 38th Annual World’s Billionaires List for 2024, spotlighting the world’s wealthiest individuals. This year, Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL), stands out as the only Indian in the top 10, securing the 9th position.
The list is topped by Bernard Arnault and family, owners of the French luxury giant LVMH.
Key Highlights
Mukesh Ambani’s Position
- Global Rank: 9th
- Net Worth: $116 billion
Youngest Indian Billionaire
Nikhil Kamath
- Age: 37
- Position: Co-founder of Zerodha
- Achievement: Youngest Indian billionaire on the Forbes list
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Global Wealth and Billionaire Count
Forbes reports a total of 2,781 billionaires across 77 countries. The collective wealth of these billionaires amounts to $14.2 trillion, marking a $2 trillion increase from 2023.
| Rank | Country | Number of Billionaires | Combined Wealth |
|---|---|---|---|
| 1 | USA | 813 | $5.7 trillion |
| 2 | China | 406 | $1.3 trillion |
| 3 | India | 200 | $954 billion |
| 4 | Germany | 132 | – |
| 5 | Russia | 120 | – |
Luxury never goes out of style.
— carbonfinance (@carbonfinancex) April 13, 2024
Bernard Arnault, with a staggering net worth of $233B, retained his crown as the world's richest man, according to Forbes' 2024 World’s Billionaires list.
Arnault, the CEO behind the luxury conglomerate Louis Vuitton Moet Hennessy, has amassed… pic.twitter.com/maWOCF9mpd
Top 10 Billionaires in the World
- Bernard Arnault & family (France): $233 billion
- Elon Musk (USA): $195 billion
- Jeff Bezos (USA): $194 billion
- Mark Zuckerberg (USA): $177 billion
- Warren Buffett (USA): $133 billion
- Bill Gates (USA): $128 billion
- Larry Ellison (USA): $114 billion
- Steve Ballmer (USA): $121 billion
- Mukesh Ambani (India): $116 billion
- Larry Page (USA): $114 billion
Top 10 Indian Billionaires
| Rank (India) | Name | Net Worth | Global Rank |
|---|---|---|---|
| 1 | Mukesh Ambani | $116 billion | 9 |
| 2 | Gautam Adani | $84 billion | 17 |
| 3 | Shiv Nadar | $36.9 billion | 39 |
| 4 | Savitri Jindal & Family | $33.5 billion | 46 |
| 5 | Dilip Shanghvi | $26.7 billion | 69 |
| 6 | Cyrus Poonawala | $21.3 billion | 90 |
| 7 | Kushal Pal Singh | $20.9 billion | 92 |
| 8 | Kumarmangalam Birla | $19.7 billion | 98 |
| 9 | Radhakrishna Damani | $17.6 billion | 107 |
| 10 | Lakshmi Mittal | $16.4 billion | 113 |
Forbes richest list 2024: Mukesh Ambani is ranked as Asia's and India's richest individual, with Gautam Adani in 2nd place.
— Marketing Motivation (@marketing_motiv) April 4, 2024
Number of billionaires in India has increased to 200 this year as compared to 169 last year, acc. to the latest 'Forbes World's Billionaires List 2024' pic.twitter.com/oHm93cZWsk
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Insights into Billionaire Wealth
The Forbes report indicates a significant growth in the wealth of the world’s billionaires, with the United States leading in both the number of billionaires and total combined wealth. This year’s rankings also highlight the continued rise of Asian economies, particularly China and India, which have substantial representations on the list.
About Forbes
Forbes is an American multinational media company renowned for its extensive coverage of business, investing, technology, entrepreneurship, and leadership topics. The Forbes Billionaires List is a highly anticipated annual publication that offers valuable insights into global wealth distribution and economic trends.
Recent trends
Recent trends indicate a growing influence of tech entrepreneurs in the billionaire rankings, with notable figures like Elon Musk and Mark Zuckerberg maintaining top positions. Additionally, the luxury goods sector, represented by Bernard Arnault, continues to dominate, reflecting the sustained demand for high-end products worldwide.
Conclusion
The Forbes 2024 Billionaires List not only underscores the immense wealth accumulated by the world’s richest individuals but also highlights significant economic trends and the rising influence of emerging markets like India. Mukesh Ambani’s inclusion in the top 10 reaffirms India’s growing economic prowess on the global stage.
