Warren Buffet Beats Bill Gates In Hurun Rich List; India Ranked #3!

There are a lot of positive news for India!

By Mohul Ghosh On Mar 2, 2018

The much-awaited Hurun Rich List for 2018 is out, and there are some interesting insights.

For India, there are a lot of positive news.

To start with, India is now world’s 3rd biggest country in terms of billionaires, as 31 new billionaires were added, taking the total of 131.

Meanwhile, Microsoft founder Bill Gates has been beaten by investment czar Warren Buffett, to become world’s 2nd richest individual.

Amazon founder Jeff Bezos is the richest individual in the world at this time.

Contents

The total number of billionaires increased at a massive pace: A total of 437 new billionaires were added last year, which is more than 1 per day.
Beijing declared as the billionaires capital of the world – They now have 131 billionaires, which is more than New York, and same as entire India!
China added 4 new billionaires a week, fastest in the entire world
As of January 31, 2018, there are 2,694 billionaires in 68 countries, which is an increase of 19.4%, compared to last year.
There are a total of 819 billionaires in China, as they added 210 new billionaires last year, thereby becoming #1 on the list. The USA is at #2 position with 571 billionaires, but they added only 19 new billionaires last year.
Mumbai has 55 billionaires, which makes them 8th city with the maximum billionaires.
The technology was the #1 sector for wealth creation, with real estate beating manufacturing for the #2 spot.
With $123 billion, Amazon founder Jeff Bezos is world’s richest individual; Warren Buffett is at #2 with a wealth of $102 billion, followed by Bill Gates, with a wealth of $90 billion.

You can find the complete report by Hurun right here.