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SHIRSENDU KARMAKAR
India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report The collective net worth of India’s billionaires soared by 42.1% over the past year to $905.6 billion India has emerged as the third-largest hub for billionaires globally, boasting 185 individuals in 2024, according to UBS’ latest Billionaire Ambitions Report. The country ranks behind the United States, which leads with 835 billionaires, and China, which follows with 427, as per the UBS report. The report highlights India’s rapid rise in billionaire numbers, adding 32 new names in the past year—a 21% increase. Since 2015, the country has more than doubled its billionaire count, growing by 123%, the UBS report added. Billionaire Wealth Surges in India The collective net worth of India’s billionaires soared by 42.1% over the past year to $905.6 billion, reflecting the country’s strong economic momentum. The report credits India’s economic dynamism for driving this growth, making it a key player in global wealth creation, as per the report. ©SHIRSENDU KARMAKAR #Billionaires #India
SHIRSENDU KARMAKAR
Bill Gates Net worth: $104 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S. Gates stepped down from the board of Microsoft in 2020 but still spends 10% of his time working with teams at the software firm–including those at OpenAI, which Microsoft has backed. “This is every bit as important as the PC, as the internet,” Gates told Forbes in February, referring to generative artificial intelligence tools like OpenAI’s ChatGPT. Meanwhile, he and his former wife, Melinda French Gates, are boosting spending by the Gates Foundation, which they co-chair and plan to wind down within 25 years ©SHIRSENDU KARMAKAR #BILLIONAIRES
SHIRSENDU KARMAKAR
Jeff Bezos Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S. Since stepping down as Amazon CEO in 2021, Bezos has flown to space via his company Blue Origin, made waves with a near-complete $500 million superyacht and stepped up his philanthropy through support for groups such as Bezos Academy free preschools and grants from his Bezos Earth Fund. His fortune isn’t faring as well: He’s $57 billion poorer than a year ago—the biggest loss of any billionaire—thanks to a 38% decline in Amazon stock. ©SHIRSENDU KARMAKAR #Billionaires
SHIRSENDU KARMAKAR
Bernard Arnault & family Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France The French luxury goods tycoon tops the World’s Billionaires list for the first time on the back of a banner year at LVMH, which owns Louis Vuitton, Christian Dior and Tiffany & Co., among others. Revenue, profit and LVMH shares all sit at record highs, helping add $53 billion to Arnault’s fortune over the past 12 months, the biggest gain of any billionaire. Wealthier than ever, Arnault is now planning for succession: In July, he proposed a reorganization of his holding company, Agache, which holds the bulk of his LVMH stock, to give equal stakes to his five children. ©SHIRSENDU KARMAKAR #Billionaires
SHIRSENDU KARMAKAR
. Mukesh Ambani Net worth: $83.4 Billion | Source of Wealth: Diversified| Age: 65 | Citizenship: India Ambani regained his spot as Asia’s richest person as Gautam Adani (No. 24) tumbled. Last year, Ambani’s oil-to-telecom behemoth Reliance Industries became the first Indian company to surpass $100 billion in revenue. He sidestepped speculation about succession by giving his children key roles last year: Older son Akash is chairman of telecom arm Jio Infocomm; daughter Isha is head of the retail business; and son Anant works in Reliance’s new energy ventures. ©SHIRSENDU KARMAKAR #Billionaires
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