India adds 27 new billionaires

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An all total of 99 new billionaires are added to Hurun Global Rich List 2016 from around the world out of which 27 are from India. Mukesh Ambani, Chairman of Reliance Industries as usual remains in the top list of 27 Indian billionaires. According to the Hurun Global Rich List 2016, Mukesh Ambani tops the Indian list with personal wealth of 26 billion dollar.

The world has witnessed approximately 25 percent growth in the billionaires’ wealth from last year, which has stood at 308 billion dollars this year. This year a new name can be seen following Mukesh Ambani at second place in India’s billionaires list and that wealthier person is Dilip Shanghvi, Chairperson of Sun Pharma whose personal wealth was recorded 18 billion dollars by Hurun Global Rich List.

As per the official report there are 111 billionaires from India and most of them are from Mumbai. Rahman Junaid, Managing Director and Chief Researcher of Hurun Report India has stated that with so many upcoming schemes of the present Central Government, this can be a source to immense wealth which might help in building a new Nation. He also stated that, “I hope India’s 2016 budget would reduce tax laws, reduce red tape resulting in an overall increase in transparency.”

The emerging e-commerce leaders from India, Sachin Bansal and Binny Bansal, CEO of Filpkart are also included in the world billionaires list who are under age of 40. With personal wealth of 1.4 billion dollars, both the leaders stood in 69th position in world’s billionaires list. Whereas Mukesh Ambani is ranked 21st in global rankings.

While many are busy climbing up the Hurun’s list some are their whose names went down the list. Among them is a well renowned person, Laxhmi Mittal whi have incurred at total loss of 7 billion US dollars owing to the IMF correction of iron ore.

China

Apart from India, the other emerging nations are China and Russia who have also created an impact in Hurun Global Rich List 2016. For the first time the number of billionaires in China have exceeded the rate of United States of America and now the nation is being called as new “billionaire capital of the world”, as per the official report of Hurun.

With total billionaires wealth increased to 7.3 trillion dollars, the country has experienced a total rise of 9 percent as compared to last year. The total wealth accounted for is more the GDP of United Kingdom and Germany and USA is nowhere close to it. According to Rupert Hoogewerf, Chairman and Chief Researcher of Hurun state that despite being a huge disruption in stock markets, China has well managed to increase number of billionaires in the country than any other country.

Hurun Report published Hurun Global Rich List on Wednesday listing the top billionaires from around the world.

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