A List released by Forbes has revealed that there are more billionaires than ever before and pop star Taylor Swift is one amongst the many others on the list.

Taylor Swift joins world's richest on billionaire list

India added two billionaires every three weeks last year and now has 259 billionaires, states the 360 ONE Wealth Hurun India Rich List 2023. ,

The latest rich list, a collaboration between 360 ONE Wealth and Hurun India, notes that India’s rich are cumulatively worth Rs 108 lakh crore (approximately $1.3 trillion) — an increase of 8.5 per cent compared to last year.

"The list is a testament to the remarkable growth and dynamism of India’s economy. The cumulative wealth of our listers has surged past the combined GDP of Singapore, UAE, and Saudi Arabia," says Yatin Shah, Joint CEO, 360 ONE Wealth.

With a total net worth of over Rs 8.08 lakh crore, Reliance Industries Chairman Mukesh Ambani has overtaken Adani Group founder Gautam Adani to secure the richest Indian title, says the report. Notably, Adani's fortune, which now stands at 4.74 lakh crore, has fallen 57 percent in a year, following the Hindenburg report.

Cyrus Poonawala, who owns the vaccine-maker Serum Institute of India, is third on the list, while HCL's Shiv Nadar and UK-based Indian billionaire Gopichand Hinduja are fourth and fifth in the rich list, respectively.

The report finds that 1,319 individuals have a net worth of over 1,000 crore ($120 million), which is an increase of 76 per cent over the last five years. Moreover, the rich list has 278 new faces, who cumulatively won wealth worth Rs 7,28,200 crore ($88 billion).

Calling India a “shining moon” in an uncertain global economy, Anas Rahman Junaid, MD and Chief Researcher, Hurun India, adds, "India has welcomed so many fresh faces even in what's termed a 'challenging year'. This surge in billionaires&nbsp;is the second most prolific since the list's inception in 2012."

Radha Vembu of Zoho has overtaken Nykaa's Falguni Nayar to become the richest self-made woman in the latest list. It is worth noting that Nykaa's shares have been underperforming, compared to its peers in the consumer tech sector.

Bengaluru-based Kaivalya Vohra, 20, who founded the grocery delivery start-up Zepto, is the youngest self-made rich individual. Thirty-eight-year-old Neha Narkhede,&nbsp;founder of Confluent, a streaming data technology company, is the youngest self-made woman entrepreneur.

But at 94, Mahendra Ratilal Mehta, founder of Precision Wires India, has proven that age is just a number, debuting in the 2023 rich list.

A record 871 entrepreneurs or 66 per cent of them are self-made or, in other words, first-generation wealth creators. This figure stood at just 367 five years ago. In addition, 186 of the 278 new faces this year are self-made.

India 's Tier-X cities — popularly called as 'metros' — continue to be a hub for the wealthy. With 328 individuals, Mumbai tops the rich list followed by New Delhi (199) and Bengaluru (100).

In a clear sign of India's diversifying economy, 21 new cities have made their debut in this year's list. Telangana's Ranga Reddy, Chhattisgarh's Rajnandgaon, and Uttar Pradesh's Ghaziabad have contributed more than one entrepreneur to this year's list.

India added two billionaires every three weeks last year and now has 259 billionaires, states the 360 ONE Wealth Hurun India Rich List 2023. , The latest rich list, a collaboration between 360 ONE Wealth and Hurun India, notes that India’s rich are cumulatively worth Rs 108 lakh crore (approximately $1.

India added two billionaires every three weeks last year and now has 259 billionaires, states the 360 ONE Wealth Hurun India Rich List 2023. , The latest rich list, a collaboration between 360 ONE Wealth and Hurun India, notes that India’s rich are cumulatively worth Rs 108 lakh crore (approximately $1.3 trillion) — an increase of 8.5 per cent compared to last year. "The list is a testament to the remarkable growth and dynamism of India’s economy. The cumulative wealth of our listers has surged past the combined GDP of Singapore, UAE, and Saudi Arabia," says Yatin Shah, Joint CEO, 360 ONE Wealth. With a total net worth of over Rs 8.08 lakh crore, Reliance Industries Chairman Mukesh Ambani has overtaken Adani Group founder Gautam Adani to secure the richest Indian title, says the report. Notably, Adani's fortune, which now stands at 4.74 lakh crore, has fallen 57 percent in a year, following the Hindenburg report. Cyrus Poonawala, who owns the vaccine-maker Serum Institute of India, is third on the list, while HCL's Shiv Nadar and UK-based Indian billionaire Gopichand Hinduja are fourth and fifth in the rich list, respectively. The report finds that 1,319 individuals have a net worth of over 1,000 crore ($120 million), which is an increase of 76 per cent over the last five years. Moreover, the rich list has 278 new faces, who cumulatively won wealth worth Rs 7,28,200 crore ($88 billion). Calling India a “shining moon” in an uncertain global economy, Anas Rahman Junaid, MD and Chief Researcher, Hurun India, adds, "India has welcomed so many fresh faces even in what's termed a 'challenging year'. This surge in billionaires is the second most prolific since the list's inception in 2012." Radha Vembu of Zoho has overtaken Nykaa's Falguni Nayar to become the richest self-made woman in the latest list. It is worth noting that Nykaa's shares have been underperforming, compared to its peers in the consumer tech sector. Bengaluru-based Kaivalya Vohra, 20, who founded the grocery delivery start-up Zepto, is the youngest self-made rich individual. Thirty-eight-year-old Neha Narkhede, founder of Confluent, a streaming data technology company, is the youngest self-made woman entrepreneur. But at 94, Mahendra Ratilal Mehta, founder of Precision Wires India, has proven that age is just a number, debuting in the 2023 rich list. A record 871 entrepreneurs or 66 per cent of them are self-made or, in other words, first-generation wealth creators. This figure stood at just 367 five years ago. In addition, 186 of the 278 new faces this year are self-made. India 's Tier-X cities — popularly called as 'metros' — continue to be a hub for the wealthy. With 328 individuals, Mumbai tops the rich list followed by New Delhi (199) and Bengaluru (100). In a clear sign of India's diversifying economy, 21 new cities have made their debut in this year's list. Telangana's Ranga Reddy, Chhattisgarh's Rajnandgaon, and Uttar Pradesh's Ghaziabad have contributed more than one entrepreneur to this year's list.

Decoding the 360 ONE Wealth Hurun India Rich List 2023 

The Sunday Times Rich List has shown that there has been a fall in number of billionaires. This is a first since 2008. Why is there a sudden decrease in UK's billionaires? Molly Gambhir brings you a report.

Gravitas: Rich list shows fall in number of UK's billionaires

India’s 19-year-old entrepreneur and founder of grocery delivery app Zepto, Kaivalya Vohra, became the latest person to join the rich list club of 1,103 Indians across 122 cities, who now have cumulatively accumulated their wealth of Rs 100 trillion, according to IIFL Wealth Hurun India Rich List 2022.

The report said that 221 billionaires made it on the 2022 list, down 16 compared with last year, while 13 people born in the 1990s have been added—all of whom are self-made, including Vohra.

The report further noted that these 1,103 Indians have a net worth of Rs 10 billion each — an increase of 62 per cent over five years.

“Cumulative wealth has increased by 9.4 per cent, while average wealth has decreased by 1 per cent. 602 individuals saw their wealth increase or stay the same, of which 149 are new faces, whilst 415 saw their wealth drop and there were 50 dropouts," IIFL Wealth and Hurun India said in a statement.

The study further said that over 82 per cent of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich on the list are below 30.

The study noted that the pharma sector contributed the most to the list, with 126 entrants, while Chemicals and Financial Services added the greatest number of new entrants.

“Gurugram debuted in the top 10 cities producing the most number of entrants and we have a record addition of 149 new faces to the list from 32 industries and 36 cities," said Anirudha Taparia, Joint CEO, IIFL Wealth.

The study pegs Adani and family's wealth at a staggering Rs 10.94 trillion.

“The trends prove that India has taken booster shots against the global crisis. Be it the Ukraine war or inflationary pressures, the India growth story continues despite all odds as India also gave a new No. 2 —&nbsp;Gautam Adani&nbsp;— to the Hurun Global Rich List,” said Anas Rahman Junaid, managing director and chief researcher, Hurun India.

“The unprecedented wealth creation in the past five years in India, when other countries are stalling and are in recessionary mode, reaffirms India as the ‘engine of growth’ for the global economy. Remember, the new additions to the list have occurred at a time when valuations are at a low, both in the listed and privately-held companies,” said Junaid.

WATCH WION LIVE HERE:&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

India’s 19-year-old entrepreneur and founder of grocery delivery app Zepto, Kaivalya Vohra, became the latest person to join the rich list club of 1,103 Indians across 122 cities, who now have cumulatively accumulated their wealth of Rs 100 trillion, according to IIFL Wealth Hurun India Rich List 2022.

India’s 19-year-old entrepreneur and founder of grocery delivery app Zepto, Kaivalya Vohra, became the latest person to join the rich list club of 1,103 Indians across 122 cities, who now have cumulatively accumulated their wealth of Rs 100 trillion, according to IIFL Wealth Hurun India Rich List 2022. The report said that 221 billionaires made it on the 2022 list, down 16 compared with last year, while 13 people born in the 1990s have been added—all of whom are self-made, including Vohra. The report further noted that these 1,103 Indians have a net worth of Rs 10 billion each — an increase of 62 per cent over five years. “Cumulative wealth has increased by 9.4 per cent, while average wealth has decreased by 1 per cent. 602 individuals saw their wealth increase or stay the same, of which 149 are new faces, whilst 415 saw their wealth drop and there were 50 dropouts," IIFL Wealth and Hurun India said in a statement. The study further said that over 82 per cent of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich on the list are below 30. The study noted that the pharma sector contributed the most to the list, with 126 entrants, while Chemicals and Financial Services added the greatest number of new entrants. “Gurugram debuted in the top 10 cities producing the most number of entrants and we have a record addition of 149 new faces to the list from 32 industries and 36 cities," said Anirudha Taparia, Joint CEO, IIFL Wealth. The study pegs Adani and family's wealth at a staggering Rs 10.94 trillion. “The trends prove that India has taken booster shots against the global crisis. Be it the Ukraine war or inflationary pressures, the India growth story continues despite all odds as India also gave a new No. 2 — Gautam Adani — to the Hurun Global Rich List,” said Anas Rahman Junaid, managing director and chief researcher, Hurun India. “The unprecedented wealth creation in the past five years in India, when other countries are stalling and are in recessionary mode, reaffirms India as the ‘engine of growth’ for the global economy. Remember, the new additions to the list have occurred at a time when valuations are at a low, both in the listed and privately-held companies,” said Junaid. WATCH WION LIVE HERE:

19-year-old entrepreneur becomes latest entrant on India’s rich list

A study has found that "insatiable wants" differs from person to person with "want" being a psychological construct.&nbsp;The study asked people how much money they would want to lead an "ideal life" that would also satisfy all their wants.

The research drew up an "absolutely ideal life" lottery measure with participants asked to imagine their "ideal life" and just how much money they would want in their life.

<a href="https://www.wionews.com/world/a-woman-in-california-finds-36000-stuffed-in-cushions-of-free-sofa-set-484553">Also Read:&nbsp;&nbsp;Woman finds 36k in couch she bought, returns the money</a>

In a startling discovery, the study found in 86 per cent of countries the majority of people thought they could achieve their absolutely "ideal lives" with $10 million or less with $1 million or less in some countries.

However, the research found 8 to 39 per cent of people across countries wanted as much money as they could get indicating "unlimited wants".

Watch:&nbsp;When life gives you lemons, you are officially rich!

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/when-life-gives-you-lemons-you-are-officially-rich-471220/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The study asked Americans how much amount was needed for an ideal lottery prize, 46 per cent of Americans said they were ok with $10 million or less.&nbsp;

In the UK, 26 per cent of people were satisfied with $1 million with most saying that $10 million or less would be alright while thirteen per cent said they would like $100 billion.

In India, Argentina and Russia, 50 per cent of people said they were fine with $1 million or less.&nbsp;

The research was conducted among 33 countries spanning six continents and 42 communities and was published in Nature Sustainability.

The research concluded that the assumption of "unlimited wants" was not universal and that it "actually applies only to a minority of people".

(With inputs from Agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

A study has found that "insatiable wants" differs from person to person with "want" being a psychological construct. The study asked people how much money they would want to lead an "ideal life" that would also satisfy all their wants.

A study has found that "insatiable wants" differs from person to person with "want" being a psychological construct. The study asked people how much money they would want to lead an "ideal life" that would also satisfy all their wants. The research drew up an "absolutely ideal life" lottery measure with participants asked to imagine their "ideal life" and just how much money they would want in their life. Also Read: Woman finds 36k in couch she bought, returns the money In a startling discovery, the study found in 86 per cent of countries the majority of people thought they could achieve their absolutely "ideal lives" with $10 million or less with $1 million or less in some countries. However, the research found 8 to 39 per cent of people across countries wanted as much money as they could get indicating "unlimited wants". Watch: When life gives you lemons, you are officially rich! The study asked Americans how much amount was needed for an ideal lottery prize, 46 per cent of Americans said they were ok with $10 million or less. In the UK, 26 per cent of people were satisfied with $1 million with most saying that $10 million or less would be alright while thirteen per cent said they would like $100 billion. In India, Argentina and Russia, 50 per cent of people said they were fine with $1 million or less. The research was conducted among 33 countries spanning six continents and 42 communities and was published in Nature Sustainability. The research concluded that the assumption of "unlimited wants" was not universal and that it "actually applies only to a minority of people". (With inputs from Agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Want to lead an 'ideal life'? Study finds you don't need to be a billionaire

According to a report, the fortune of the world's richest families grew over 22 per cent in the past year with the Waltons who head the retail giant Walmart in the US topping the list for the fourth consecutive year.

The Waltons witnessed their fortune zoom $23 billion in the last year. The family's net worth is $232 billion, according to&nbsp;the Bloomberg report.

The <a href="https://www.wionews.com/science/billionaire-space-race-can-add-to-global-warming-399051">wealth</a> acquired by luxury dynasties grew exponentially with the Hermes increasing their wealth to $111.6 billion. However, the Lee family which owns Samsung fell off from the list after paying $11 billion in inheritance tax after the death of patriarch Lee Kun-hee, the report said.

Watch:

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="http://13.235.153.162/videos/billionaire-lore-outlines-plan-for-400-billion-us-new-city-411862/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

New York-based Lauders of cosmetics-maker Estee Lauder entered the list as the combined wealth of 25 richest families showed their net worth was worth $1.7 trillion as they gained $312 billion in past one year. The&nbsp;Dassault&nbsp;family which owns the aviation company also entered the elite rich&nbsp;list.

A research earlier had highlighted over one per cent of adults worldwide had become millionaires for the first time last year amid the pandemic. The number of ultra-high net worth individuals had grown by 24 per cent last year which was the fastest since 2003, the Credit Suisse research had said.

The United States is reportedly the No-1 country in terms of billionaire growth with 29 per cent which accounted&nbsp;for 37 per cent of cumulative billionaire wealth last year followed by <a href="https://www.wionews.com/business-economy/china-cracks-down-on-tech-titans-billionaire-loses-27-billion-in-worlds-biggest-wealth-drop-413853">China </a>and Germany. According to Wealth-X's 2021 billionaire census, nearly 60 per cent of billionaires last year were "self-made".

The increase in billionaires was mainly in the technology, shipping and auto industries.

The "super billionaires" list was led by Amazon's Jeff Bezos,<a href="https://www.wionews.com/world/pace-to-reach-space-shoots-up-as-spacex-set-to-launch-billionaire-into-orbit-412597"> SpaceX</a> CEO Elon Musk, LVMH Moët Hennessy chairman and CEO Bernard Arnault and Microsoft co-founder Bill Gates.

(With inputs from Agencies)

According to a report, the fortune of the world's richest families grew over 22 per cent in the past year with the Waltons who head the retail giant Walmart in the US topping the list for the fourth consecutive year.

According to a report, the fortune of the world's richest families grew over 22 per cent in the past year with the Waltons who head the retail giant Walmart in the US topping the list for the fourth consecutive year. The Waltons witnessed their fortune zoom $23 billion in the last year. The family's net worth is $232 billion, according to the Bloomberg report. The wealth acquired by luxury dynasties grew exponentially with the Hermes increasing their wealth to $111.6 billion. However, the Lee family which owns Samsung fell off from the list after paying $11 billion in inheritance tax after the death of patriarch Lee Kun-hee, the report said. Watch: New York-based Lauders of cosmetics-maker Estee Lauder entered the list as the combined wealth of 25 richest families showed their net worth was worth $1.7 trillion as they gained $312 billion in past one year. The Dassault family which owns the aviation company also entered the elite rich list. A research earlier had highlighted over one per cent of adults worldwide had become millionaires for the first time last year amid the pandemic. The number of ultra-high net worth individuals had grown by 24 per cent last year which was the fastest since 2003, the Credit Suisse research had said. The United States is reportedly the No-1 country in terms of billionaire growth with 29 per cent which accounted for 37 per cent of cumulative billionaire wealth last year followed by China and Germany. According to Wealth-X's 2021 billionaire census, nearly 60 per cent of billionaires last year were "self-made". The increase in billionaires was mainly in the technology, shipping and auto industries. The "super billionaires" list was led by Amazon's Jeff Bezos, SpaceX CEO Elon Musk, LVMH Moët Hennessy chairman and CEO Bernard Arnault and Microsoft co-founder Bill Gates. (With inputs from Agencies)

World’s 25 wealthiest families are now worth $1.7 trillion; grew richer in one year

NRI businessmen Hindujas have retained their position as the richest Asians in the UK in 2017 with an estimated wealth of 19 billion pounds, an increase of 2.5 billion pounds over last year, according to an annual ranking of the richest Asians in Britain. 
 
Steel tycoon Lakshmi N Mittals secured the second place with a fortune of 12.6 billion pounds - up from 6.4 billion pounds last year - in the Eastern Eye Asian Rich List, Britain&#39;s 101 Wealthiest Asians 2017, released last night. 
 
According to the list, the Hinduja brothers - Srichand and Gopi in London, Prakash in Geneva and Ashok in Mumbai - have seen sharp increases in profitability in Ashok Leyland, InduSind bank, Gulf Oil, energy and real estate. 
 
This has justified the family&#39;s long adopted policy of pursing the path of diversity, the list said. 
 
Mayor of London Sadiq Khan, who was the Chief Guest at the 20th Annual Asian Business Awards organised by the Asian Media &amp; Marketing Group, presented the first copy of the Rich List to G P Hinduja, Co-Chairman of the Hinduja Group. 
 
Britain&#39;s 101 wealthiest Asians are collectively worth 69.9 billion pounds, up from 55.4 billion pounds last year - a rise of 25 per cent. 
 
According to the list, the recovery in the European steel market has enabled the Mittal family to double its net worth during the year. 
 
Prakash Lohia, chairman of the Indorama Corporation (Petrochemicals) is the 3rd richest in the list with a fortune worth 4 billion pounds - up 1 billion pounds over last year. 
 
Anil Agarwal, executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world, is fourth in the list along with Arora brothers - Simon, Bobby and Robin who own a chain of retail stores. 
 
Leading NRI industrialist Lord Swraj Paul is 14th in the list with an estimated wealth of 800 million pounds as against 300 million pounds last year. 
 
At the awards ceremony, Surinder Arora, founder and Chairman of the Arora Group, collected the prestigious Asian Business of the Year Award. The Arora Group is one of the UK&#39;s largest private owner operator of hotels. 
 
Other winners included Young Entrepreneur of the year Aly Esmail, CEO of SME Group, Entrepreneur of the year Subodh Agrawal, Chairman of Euromax Capital and the Business Personality Award winner Prakash Lohia, Founder and Chairman of Indorama Group. 
 
&quot;London is home to one of the largest, and most diverse South-Asian communities in the world, which contributes a huge amount to the city&#39;s success - socially, culturally and economically,&quot; Khan said in his keynote speech.

(PTI)

Prakash Lohia, chairman of the Indorama Corporation (Petrochemicals), is the third-richest in the list

NRI businessmen Hindujas have retained their position as the richest Asians in the UK in 2017 with an estimated wealth of 19 billion pounds, an increase of 2.5 billion pounds over last year, according to an annual ranking of the richest Asians in Britain. Steel tycoon Lakshmi N Mittals secured the second place with a fortune of 12.6 billion pounds - up from 6.4 billion pounds last year - in the Eastern Eye Asian Rich List, Britain's 101 Wealthiest Asians 2017, released last night. According to the list, the Hinduja brothers - Srichand and Gopi in London, Prakash in Geneva and Ashok in Mumbai - have seen sharp increases in profitability in Ashok Leyland, InduSind bank, Gulf Oil, energy and real estate. This has justified the family's long adopted policy of pursing the path of diversity, the list said. Mayor of London Sadiq Khan, who was the Chief Guest at the 20th Annual Asian Business Awards organised by the Asian Media & Marketing Group, presented the first copy of the Rich List to G P Hinduja, Co-Chairman of the Hinduja Group. Britain's 101 wealthiest Asians are collectively worth 69.9 billion pounds, up from 55.4 billion pounds last year - a rise of 25 per cent. According to the list, the recovery in the European steel market has enabled the Mittal family to double its net worth during the year. Prakash Lohia, chairman of the Indorama Corporation (Petrochemicals) is the 3rd richest in the list with a fortune worth 4 billion pounds - up 1 billion pounds over last year. Anil Agarwal, executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world, is fourth in the list along with Arora brothers - Simon, Bobby and Robin who own a chain of retail stores. Leading NRI industrialist Lord Swraj Paul is 14th in the list with an estimated wealth of 800 million pounds as against 300 million pounds last year. At the awards ceremony, Surinder Arora, founder and Chairman of the Arora Group, collected the prestigious Asian Business of the Year Award. The Arora Group is one of the UK's largest private owner operator of hotels. Other winners included Young Entrepreneur of the year Aly Esmail, CEO of SME Group, Entrepreneur of the year Subodh Agrawal, Chairman of Euromax Capital and the Business Personality Award winner Prakash Lohia, Founder and Chairman of Indorama Group. "London is home to one of the largest, and most diverse South-Asian communities in the world, which contributes a huge amount to the city's success - socially, culturally and economically," Khan said in his keynote speech. (PTI)

Hindujas, Lakshmi Mittal are richest Asians in United Kingdom

rich-list

Rich List, News on Rich List, stories on Rich List, articles on Rich List, Rich List stories at Wion, Rich List news, Rich List latest news