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The wealth of Indian billionaires has almost tripled in 10 years. But the economic challenges that have emerged in China in recent years have had an impact on the rich class there. According to the UBS report, the wealth of Chinese billionaires increased by more than 20% annually between 2015 and 2020. But after that his wealth is decreasing by about 5% every year.
On the other hand, between 2020-24, the wealth of billionaires in North America increased by 58.5% and the wealth of billionaires in Western Europe increased by 29%. The highest number of billionaires are emerging from the tech sector in the world. In the last 10 years, his wealth increased 3 times from Rs 67 thousand crore to Rs 203 lakh crore. Industrial billionaires stood at second position. Assets have increased from Rs 45 thousand crore to Rs 110 lakh crore.
America: Wealth of billionaires increased by 58%, reached Rs 516 lakh crore In America, the wealth of billionaires increased by 58.5% to Rs 516 lakh crore in 5 years. Whereas between 2015 and 2020 it had increased by 52.7% to about Rs 322 lakh crore. But between 2020-2024, the number of billionaires in the technology sector was the highest.
Europe: pace of increase in wealth slowed down The situation in Europe was different from that of India, China and America. Between 2015 and 2020, the wealth of Western Europe’s billionaires increased by 44% to Rs 178 lakh crore. But between 2020-2024 it increased by only 29% to Rs 228.6 lakh crore. In this, tech billionaires and industrialists associated with messaging remained at the forefront.
China: Wealth of billionaires decreased by 16% in 5 years, Rs 152 lakh crore. Hui Between 2015 and 2020, the wealth of Chinese billionaires increased by 137% to Rs 178 lakh crore. Since then his wealth has declined by 16% to Rs 152 lakh crore. Meanwhile, the number of billionaires in China remained stable. There were 496 billionaires in 2020. Even in 2024 there are only 501.
The special thing is that in recent years, almost as many people have been added to the list of Chinese billionaires as have been left out. Unlike other countries, about one-third of the billionaires in China have a net worth of just over $1 billion. This means that a small decline in China’s stock market could take them out.
India: Wealth of billionaires tripled to Rs 77 lakh crore in 10 years The number of Indian billionaires increased by 123% from 83 to 185 in 10 years. But his wealth increased by 263% to Rs 77 lakh crore. India ranks third in the world in terms of wealth of billionaires. Only America and China are ahead of India.
Effect of 249% jump in Nifty 500 Family business played a big role in the rise in wealth of the wealthy class in India. Credit Suisse’s report in 2017 said that there are 108 family-owned businesses listed on stock exchanges in the country. The Nifty 500 index has risen 249% since December 1, 2015, and the number of billionaire families has also increased in the same proportion.
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The total wealth of Adani Group Chairman Gautam Adani and his family increased by 95% in a year to Rs 11.62 lakh crore. The Adani family has increased its total wealth by Rs 5,65,503 crore in the last one year. Adani family has overtaken Ambani family to become the richest family in the country. The wealth of Ambani family is Rs 10.15 lakh crore. There has been an increase of 25% in one year. Read the full news…
