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indian billionaire Holding 99% of their wealth in 2022, when the wealth of millionaires worldwide has fallen by up to 83%.- Gautam Adani increased his wealth the most in the world, while Mukesh Ambani was a close third.
- Overall, billionaires around the world have lost over $1 trillion in assets in 2022 so far.
- Switzerland is the only country with a net profit of $12 billion.
The Indian economy, like the rest of the world, is experiencing high inflation, rising interest rates and pain with no prospect of recovery. Still, the country’s billionaires don’t seem to be affected by it. In fact, they only had to lose his minimal wealth in 2022, while the rest of the world lost her over $1 trillion.
Indian billionaires will retain 99% of their wealth so far in 2022, losing just $5 billion, according to figures compiled by Business Insider and data from the Bloomberg Billionaires Index. In fact, they are only second to Switzerland in terms of maintaining wealth.
There are 166 billionaires in India, but only 18 are on the top 500 billionaires list. Mukesh Ambani and Gautam Adani – the highest ranked and among the richest men in the world.
US and Chinese billionaires lost $6 billion for every $10 billion
The United States and China contributed 60% of the wealth erosion in these months, losing $426 billion and $185 billion respectively.
Russian billionaires hit by economic sanctions from the war between Russia and Ukraine have also lost a lot of wealth, totaling nearly $50 billion.
Among the countries with at least 10 billionaires, India was second only to Switzerland. Indian billionaires held $410 billion out of $415 billion in early 2022, while Swiss billionaires added $12 billion to cats, according to data.
Mukesh Ambani regains his ‘richest Indian’ crown with $104.4 billion fortune
Indian billionaires held 99% of their wealth in 2022, when billionaire wealth worldwide fell by up to 83%. Gautam Adani increased his wealth the most in the world, while Mukesh Ambani was a close third. Overall, billionaires around the world so far, in 2022 he lost more than $1 trillion in assets. Switzerland is the only country with a net profit of $12 billion.
India would have been the best performer without Gautam Adani.
Gautam Adani added the most wealth in the world
Among the top 500 billionaires in the world, Gautam Adani made the most wealth, followed by Switzerland’s Guillaume Pousars. Mukesh Ambani was a close third.
Canadian billionaire Changpeng Zhao lost a whopping $80 billion in 2022. This exceeds the total wealth of billionaires in most other countries. Zhao is the co-founder of Binance, the world’s largest cryptocurrency exchange.
Mark Zuckerberg, Elon Musk and Jeff Bezos all lost $138 billion in the US stock meltdown.
India is second only to the US and China in terms of billionaire wealth
In terms of total billionaire wealth, India moved up to third place, far ahead of France. India is surpassed only by her two countries, the United States and China, which maintain the number one and her number two positions despite a significant drop in wealth.
The US has a huge lead, with billionaires making up $43 billion of the $100 billion wealth. In contrast, the Chinese and Indian billionaires each account for $12 billion and he only $6 billion.
India has the 5th highest number of billionaires in the world
Despite having the third highest billionaire wealth in the world, India has only the fifth highest number of billionaires in the world.
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