Hurun Global Rich List 2018: China Tops With 819 Billionaires, India Reclaims Third Spot
Beijing has been rated as "billionaire capital of the world", the title earlier held by New York.
New Delhi, Mar 1: China, with 819 billionaires, has wrested the first spot in Hurun Global Rich List of 2018. Last year, the position was held by the United States of America. India, which had slipped to the fourth rank last year, reclaimed the third spot from Germany by adding 31 new billionaires this year.
According to the report, India has a total of 130 billionaires. If those from Indian-origin are also taken into account, the number would jump to 171.
In 2017, the report said, at least 31 billionaires from India migrated. Their most preferred locations were the UK, the US and the UAE.
In India, the maximum number of billionaires - 19 - belong to the Pharmaceutical sector, followed by 14 from Automobile sector and 11 from the FMCG sector, the report added.
Top 100 billionaires
The elite list features four Indians -- with Reliance Industries Limited (RIL) chairman Mukesh Ambani at the 19th spot, Sun Pharma chief Dilip Shanghvi at 87th, Adani Enterprises' Gautam Adani at 88th rank and HCL group's Shiv Nadar at 98th position.
The number one spot on the list is occupied by Jeff Bezos CEO of Amazon. Berkshire Hathaway's Warren Buffett is at the second position. Microsoft founder Bill Gates is placed at the third spot, whereas, Facebook's Mark Zuckerberg has been ranked fourth.
Here are Top Ten who made it to the Hurun Global Rich List 2018
| Name | Wealth US$bn | Change YOY | Source of Wealth | Age | Country of residence | |
| 1↑ | Jeff Bezos | 123 | 71% | Amazon | 54 | USA |
| 2- | Warren Buffett | 102 | 31% | Berkshire Hathaway | 87 | USA |
| 3↓ | Bill Gates | 90 | 11% | Microsoft | 62 | USA |
| 4↑ | Mark Zuckerberg | 79 | 36% | 33 | USA | |
| 5* | Bernard Arnault | 78 | 105% | LVMH | 68 | France |
| 6↓ | Amancio Ortega | 73 | 6% | Inditex | 81 | Spain |
| 7- | Carlos Slim Helu & family | 67 | 46% | America Movil | 78 | Mexico |
| 8↓ | Larry Ellison | 54 | 13% | Oracle | 73 | USA |
| 9* | Larry Page | 50 | 35% | 44 | USA | |
| 10- | Michael Bloomberg | 49 | 17% | Bloomberg | 76 | USA |
(Source: http://www.hurun.net)
437 new billionaires last year, 4 per week in China
The survey, conducted in over 69 countries, found a total of 2,694 billionaires. The number jumped by 437, as compared to the total of billionaires recorded in the previous Hurun report.
China, meanwhile, recorded the entry of four new billionaires per week.
Mumbai, the abode of super-rich in India
Out of the 130 billionaires in India, 55 are based in Mumbai, followed by 29 in New Delhi. Meanwhile, China has been named as the "billionaire capital of the world" as 30 percent of world's most richest individuals are residing in the city. The title was earlier held by New York.
(The above story first appeared on LatestLY on Mar 01, 2018 06:28 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).