Asia tops all other regions on Forbes ‘real-time billionaire list’

Tokyo: When it comes to the number of billionaires by region, Asia currently has 951, ahead of all other regions. There are 777 billionaires in North America and 536 billionaires in Europe.

$4.7 trillion in North America, $3.5 trillion in Asia and $2.4 trillion in Europe, according to Nikki Asia, a regional analysis of wealth owned by more than 2,400 people on the Forbes Real-Time Billionaires List and continue.

“By country, the United States tops the list with 719 billionaires, followed by China with 440 and India with 161,” the report said on Tuesday.

The 10 member countries of the Association of Southeast Asian Nations have a total of 114 billionaires, but Taiwan has 45, South Korea 28 and Japan 27.

Emerging countries are producing more millionaires than Europe and America, which were controlled in the 19th and 20th centuries, due to advances in communication technology and globalization.

Asian billionaires, on the other hand, are facing adverse effects such as falling stock prices and a stronger dollar.

The number of Forbes real-time billionaires has dropped by 245 in about six months, compared with 126 Asians and 27 North Americans.

Gautam Adani

In India, the world’s second richest person, 60-year-old Gautam Adani, leads the country’s richest list with a wealth of Rs 10,94,400 crore, according to IIFL Wealth Hurun India Rich List 2022.

Adani is second only to Tesla CEO Elon Musk, who has a net worth of Rs 12.37 lakh.

Adani topped the list last year by adding 1,600 kroner per day.

Adani’s wealth has more than doubled (116%) over the past year, adding Rs 588,500 in absolute value. Over the past five years, the first-generation entrepreneur’s wealth has increased by 1440% of his.

04 Indian American Makes Forbes 400 Richest List

Indian-Americans Vinod Khosla, Romesh Wadhwani and Rakesh Gangwal make it onto Forbes 2022 list of the 400 richest Americans, while Zscaler CEO Jay Chaudhry leads the group with a net worth of $8.2 billion. did.

As a group, the 400 richest Americans are worth $4 trillion, $500 billion less than last year, Forbes notes.

Jay Chaudry

Chaudhry, 63, who founded cybersecurity firm Zscaler in 2008, ranks 79th. He and his family own 42% of his Nasdaq-listed company, which went public in March 2018.

Before Zscaler, Choudhry acquired all four other technology companies: SecureIT, CoreHarbor, CipherTrust, and AirDefense. In 1996, Chaudhry and his wife quit their jobs and used their savings to launch their first startup company, SecureIT.

Chaudhry moved to the United States in 1980 to attend graduate school. He currently lives in Reno, Nevada.

Vinod Khosla

Vinod Khosla (67), who has a net worth of $5.2 billion, ranked 181st. His company, his Khosla Ventures, invests in experimental technologies such as biomedicine and robotics.

Khosla co-founded the computer hardware company Sun Microsystems in 1982 with Andy Bechtolsheim, Bill Joy, and Scott McNealy.

Romesh Wadwani

Romesh T. Wadhwani, 67, founder and chairman of Symphony Technology Group, ranked 196th with a net worth of $5.1 billion. He stepped down as his CEO of SymphonyAI in early 2022 to prepare the company for a potential public offering.

He is also Chairman of ConcertAI, an AI company focused on healthcare and life sciences, valued at $1.9 billion by venture capital investors in March 2022.

Rakesh Ganwar

Airline veteran Rakesh Gangwal, 69, with a net worth of $3.7 billion, made his fortune from InterGlobe Aviation, the parent company of IndiGo, India’s largest budget airline by market share.

He began his airline career with United Airlines in 1984 and later ran the US Airways Group as CEO and Chairman. Gangwal co-founded his IndiGo with Rahul Bhatia in 2006 with his one aircraft. The Miami resident, who ranks him number 261 on the list, owns nearly 37% of the company.

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