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As of April 2023, India has 167 billionaires, which put the country third in the world, after the United States and China. [1] Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 14 consecutive years. [2] He is currently world's 10th richest person in the world according to Forbes. [3]
Each year, Forbes India issues a list of India's richest people, called the "India Rich List". [1] [2] Since 2008, Mukesh Ambani has been the richest Indian, with his wealth based in Reliance Industries. [3] [4] except for 2022 where Gautam Adani displaced him.
This is a list of the 20 richest people in South Asia (India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan) based on the 2024 Forbes Billionaires List. 2024 [ edit ]
Born in Mexico City, Slim was once the richest man in the world. Today he sits comfortably at No. 12, with a net worth is $86.2 billion, according to the Bloomberg Billionaires Index.
India's Lakshmi Mittal was the largest loser as his fortune dropped from $31.1 billion to $20.7 billion as the price of steelmaker ArcelorMittal fell sharply. [35] As a result, he failed to make the top 10 for the first time since 2004 and lost his title of richest Asian to Hong Kong's Li Ka-shing. [37]
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It tracks the 500 wealthiest people in the world. [4] The ranking was designed to provide a more transparent and accountable presentation of the world's biggest personal fortunes. [7] At first, the index only tracked the 20 richest people in the world, and then expanded to 100, 200, 400 and later 500 in October 2016. [8]
As of 2016, Ambani was ranked as the 36th richest person in the world and has consistently held the title of India's richest person on Forbes magazine's list for the past ten years. [35] He is the only Indian businessman on Forbes' list of the world's most powerful people. [36]