As of April 2022, India has 166 billionaires, making it the third wealthiest country in the world after the United States and China. Mukesh Ambani, the chairman of Reliance Industries, has been the richest Indian for 13 consecutive years and is currently the 12th richest person in the world according to Forbes.
India’s billionaires have seen a significant increase in their wealth over the past few years. In 2020, the number of billionaires in India rose by 24, from 142 to 166. This was mainly due to the growth of the technology and e-commerce sectors, which have been major drivers of wealth creation in the country.
The list of India’s billionaires is dominated by the Ambani family, which includes Mukesh Ambani, his brother Anil Ambani, and their mother Kokilaben Ambani. Together, they have a combined net worth of $84.5 billion. Other notable billionaires include Gautam Adani, chairman of the Adani Group, who is worth $25.2 billion, and Uday Kotak, managing director of Kotak Mahindra Bank, who is worth $18.3 billion.
India’s billionaires are spread across various industries, including technology, finance, real estate, and retail. Technology is the largest sector, with 32 billionaires, followed by finance with 22 billionaires. Real estate is the third largest sector, with 19 billionaires, followed by retail with 16 billionaires.
The majority of India’s billionaires are based in the country’s largest cities, such as Mumbai, Delhi, and Bangalore. However, there are also billionaires in smaller cities such as Ahmedabad, Pune, and Hyderabad.
India’s billionaires have made their fortunes through a variety of means, including investments, entrepreneurship, and inheritance. However, the majority of them have made their wealth through the technology and e-commerce sectors, which have been major drivers of wealth creation in the country.
In conclusion, India has 166 billionaires as of April 2022, making it the third wealthiest country in the world after the United States and China. Mukesh Ambani has been the richest Indian for 13 consecutive years and is currently the 12th richest person in the world according to Forbes. India’s billionaires are spread across various industries, including technology, finance, real estate, and retail, and are mainly based in the country’s largest cities. The majority of them have made their wealth through the technology and e-commerce sectors, which have been major drivers of wealth creation in the country.