India boasts of having 100 Forbes list billionaires for the first time

There is always a first time. For the first time in almost 30 years of the Forbes Billionaires List, there are over 100 Indian billionaires who have made it in this coveted list.

India’s rise in the global wealth list corresponds to the country’s escalating economy that recently overtook Britain to become the fifth largest in the world.

India has a lot to be proud of with Paytm’s Vijay Shekhar Sharma being the youngest Indian at 38 to be on the list with a net worth of $1.3 billion. The Alibaba backed mobile wallet is valued at $4.8 billion and they also made their international entry into Cananda. Mukesh Ambani continues to head the list and wears the crown of being India’s richest man with $23.2 billion. He stands tall on the world list at number 33. Steel baron Lakshmi Mittal and IT entrepreneur Azim Premji also find themselves on this prestigious list.

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The U.S. continues to have more billionaires than any other country in the world with China and Germany close behind. India comes fourth on the list with 101 billionaires to her credit.

Bill Gates tops the list and wears the title of being the richest person in the world with $86 billion. He has been at the top of this list for 18 of the 23 years that this list has been drawn out.

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The past year seems to have been a bonanza for Amazon’s Jeff Bezos who jumped up to number 3 from number 5.

While there have been additions, there are 78 people who have found themselves bumped off this list. While 33 of them were from China, the Bansal’s of Flipkart, India’s largest e-commerce firm have fallen off the Forbes list as well as China’s Hunan Rich List too.


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