With 103 billionaires, India is home to the sixth largest population of billionaires in the world, narrowly behind Russia which has 108 billionaire with a net worth of $ US 342 dollar. United States has the highest number of billionaire (515) with a net worth of $ US 2,064 billion followed by China, Germany, UK, and Russia, shows a Wealth X & UBS Billionaire Census 2013 Report.
However, India’s billionaire population has decreased by 5.5 percent and the total billionaire wealth has fallen by US$10 billion. The average net worth of Indian billionaire is 1.7 US $ dollar.
Billionaire population in India
The majority of Indian billionaires are college-educated, with 72 percent possessing at least a bachelor’s degree (Switzerland and the US are the only other two focus countries that have a higher proportion of university-educated billionaires.)
India is one of the few countries where finance, banking and investments is not one of the most significant industries for billionaires. Instead, industrial conglomerates and pharmaceuticals are the first and second most significant industries for Indian billionaires.
Most significant industries
|
Industrial Conglomerates |
17% |
|
Pharmaceuticals |
13% |
|
Real Estate |
8% |
The report also shows that Asia saw the largest number of newly minted billionaires (18) since July 2012 with combined wealth of $ US 136 billion. The increase in the net worth of Asian billionaires has more than doubled that of North American billionaires. Five of the top ten countries with the highest percentage of self-made billionaires are from Asia.
There are 2170 billionaire in the world with combined net worth of $ US 6516 billion.
