Indian billionaire Gautam Adani saw his net worth rapidly plummet after accusations of fraud triggered a steep drop in stock prices for his group of companies, Adani Group. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. Hindus are expected to remain very heavily concentrated in the Asia-Pacific region, where 99% lived in 2010 and a similar proportion is projected to reside in 2050. Chairman of the Poonawalla Group and founder of the Serum Institute of India, the worlds largest vaccine manufacturer, Cyrus Poonawalla is ranked 169th on the Forbes list of the worlds billionaires with a net worth of $12.7 billion. Vaccine billionaire Cyrus Poonawallas Serum Institute of India, run by his 40-year-old son Adar, joined the Covid-19 vaccines race early by forging multiple partnerships and investing $800 million in building a new factory. See below for the full list of the world's billionaires and our methodology. Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani ranks at the top among the Indian billionaires with a net worth of $84.5 billion. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. In 2020, world added 3 billionaires every two days, India added one every week, third highest number of billionaires in the world, The Hindu Centre for Politics and Public Policy, A fight for the right to protest in Bengaluru, Constitutional misadventure: On the Tamil Nadu Governors move, Maamannan movie review: Vadivelu and Fahadh Faasils impeccable performances save Mari Selvarajs weakest, politically-charged film, Manipur violence | Catholic Church-BJP honeymoon ends in Kerala, Manipur unrest refreshes cold war between Naga extremist groups, MCX extends contract with 63 Moons Technologies: What it means for the stock, PAN Aadhaar linking: Check the status to avoid double penalty from July 1. Mr. Musks fortune ballooned to $151 billion, a whopping $126.4 billion more than a year ago, when he had ranked 31 and was worth $24.6 billion, it said. Unemployment of women rose by 15% from a pre-lockdown level of 18 %, which could result in a loss of Indias GDP of about 8 % or 15 trillion. He is the founder and leader of Kotak Mahindra Bank, a major private sector bank in India. He Was The Richest Man In The World for 7 Minute #shorts #billionaire But he doesn't believe India's economy will be affected long term. A small U.S. short-seller firm called Hindenburg Research accused the Adani Group of fraud and stock manipulation, triggering the market rout and forcing the company to abandon a $2.5-billion share offering. [3] List of Indians by net worth In January, Mittals son Kavin announced on Twitter that his SoftBank-backed start-up Hike, once considered as a rising unicorn and Indias answer to WhatsApp, had shut down its messaging service. "The market regulator should be looking at where the funds are coming from.". March 02, 2021 01:32 pm | Updated March 03, 2021 10:04 am IST - Mumbai, Industrilaists Mukesh Ambani and Gautam Adani. Indian billionaires increased their wealth by 35% during the lockdown The estimates vary depending on whether temporary workers with no residency nor right to openly practice their religion are included or not. There are more than 1.1 billion Hindus in the world and roughly 94% of them live in India, according to Pew Research Center projections for 2020. The idea of many worlds - Hindu beliefs - Edexcel - BBC Slight decreases are forecast for sub-Saharan Africa and Latin America and the Caribbean. The annual growth rate of Hindus is expected to remain roughly on par with world population growth through 2030-2035, after which it is projected to drop below the worldwide level. It was estimated that out of school rates would double in a year. We have migrated to a new commenting platform. 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A university dropout and first-generation entrepreneur, Adani founded his company some 35 years ago and first built his fortune in trading and coal mining, before branching into construction, power generation, the operation of ports and airports, manufacturing defence equipment and running a media company. The Adani Group a conglomerate of seven publicly traded companies includes among its holdings India's largest national portfolio of renewable energy assets and seven of the country's airports, including Mumbai International. India has the Hazari echoed that sentiment, saying that when the company involved is seen as too close to the governing party, then it's the regulator's duty to speak out. 6. At the global and regional level, religious switching therefore makes little difference in the growth projections for Hindus. Adani Group Chairman Gautam Adani is the second richest Indian with a net worth of $50.5 billion. The table below lists India's richest people as per their net worth published by the Forbes (April 2023). Gautam Adani no longer among world's 25 richest people He added $49 billion to his wealth in 2021, according to the research. Comments have to be in English, and in full sentences. Outside of India, the countries with the largest Hindu populations in 2010 were Nepal (24.2 million, or 2% of the worlds Hindus) and Bangladesh (12.7 million, or 1% of the worlds Hindus). He Was The Richest Man In The World for 7 Minutes #shorts #billionaire #maxfosh #elonmusk #billgates #jeffbezos #adani _____. Indias top 10 billionaires include DMart founder Radhakishan Damani, Kotak Mahindra Bank CEO Uday Kotak, Executive Chairman of ArcelorMittal Lakshmi Mittal, Chairman of the Aditya Birla Group Kumar Mangalam Birla, founder of Sun Pharmaceuticals Dilip Shanghvi and Founder and Chairman of Bharti Enterprises Sunil Mittal. Despite the COVID-19 pandemic, the total wealth of all billionaires across the globe surged 32% during the period under review to $14.7 trillion, the Hurun Report said. He took the title from Sir James Dyson, whose wealth rose by only 100m to 16.3bn, leaving him in fourth place. The short-seller firm stands to gain from the subsequent fallout, having taken short positions or bets that the stocks will fall on some internationally traded Adani bonds and derivatives. The last column shows the Hindu percentage compared to the total Hindu population of the world (Hindus in the region * 100/total Hindu population of the world). India remains a majority-Hindu country, with about 80% of Indias population in 2010 claiming Hindu identity. Read More AFP 3. To use individual functions (e.g., mark statistics as favourites, set India has world's 3rd highest number of billionaires, says Forbes statistic alerts) please log in with your personal account. The low-profile retailing kings listed supermarket chain Avenue Supermarts operates 221 DMart stores across the country. All rights reserved. Prosperity rules at the very top: The three richest Indians alone have added just over $100 billion between them. Out of these, the rise in fortunes for the top 100 billionaires since the lockdown in March is enough to give every one of the 138 million poorest Indian people a cheque for 94,045 each, according to Oxfams Inequality Virus Report released on the opening day of the World Economic Forum in Davos. Another Covid-19 wave is sweeping across India and total cases now exceed 12 million. The reason? third highest number of billionaires in the world after the U.S. and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asias richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago. Most Hindus are found in Asian countries, and the majority of India and Nepal are Hindus. There are a record high 493 newcomers to the list, roughly one new billionaire every 17 hours, including 210 from China and Hong Kong and 98 from the U.S. French billionaire Bernard Arnault, who oversees an empire of 70 brands, including Louis Vuitton and Sephora, is the third richest person in the world with a net worth of $150 billion, followed by chair of the Bill & Melinda Gates Foundation Bill Gates ($124 billion), Facebook founder Mark Zuckerberg ($97 billion). China has pulled away big time from the U.S.A. in the past year, adding 259 to 1,058 to become the first country in the world to top 1,000 known dollar billionaires. Notably, scandal hit B.R. Pew Research Center does not take policy positions. Hurun Research Institute. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. The loans weren't due until September 2024, and included shares in Adani's ports business. Adani, who shares Gujarati roots and a deal-making instinct with Ambani, expanded aggressively into airports, unfazed by the travel slowdown. Here's what happened. Consequently, the share of the worlds population that is Hindu also is projected to stay about the same (15%). "I don't think anyone expected such a spectacular collapse in the [Adani] share price," said Hemindra Hazari, a Mumbai-based independent market analyst. The abrupt and dramatic dip in stock prices is raising questions of whether the Adani Group's companies can cover their costs going forward, with their large debt load. Currently, Avenue Supermarts has 221 locations. We make your life simpler with Express UPSC Key. Number of U.S. dollar billionaires in India from 2012 to 2021 [Graph]. to incorporate the statistic into your presentation at any time. Altogether, Europes billionaires are $1 trillion richer than a year ago. Critics say the billionaire tycoon has also benefited from a close relationship with India's prime minister, Narendra Modi, who, like Adani, hails from the western Indian state of Gujarat. an hour during pandemic when around 24% of people in India were earning . Sources used for the table below include the US State Department,[5] the CIA World Factbook,[11] adherents.com, thearda.com,[12][13] and Pew Research Center. India's 10 Richest Billionaires 2021 In addition, Hindu populations are anticipated to grow substantially in the coming decades in Europe (93%) and the Asia-Pacific region (34%). Hurun global rich list 2022 finds Adani gained the most wealth At 724, the U.S. has more billionaires than any other country in the world (up from 614 last year). Billionaires' bolthole: how New Zealand became an escapee's paradise Fourth generation heir of a sprawling commodities empire, Birlas expansion into telecom has cost him dearly. Comments have to be in English, and in full sentences. Forbes said the 1,149 billionaires from Asia-Pacific countries together are worth $4.7 trillion, while the U.S. billionaires are worth a total $4.4 trillion. China lost 160 billionaires in 2021 but still has the most globally How Indian billionaire Gautam Adani lost half his fortune in a flash, triggering political fallout | CBC News Loaded. How many billionaires in the world: 573 joined billionaire ranks since Please abide by our community guidelines for posting your comments. According to the Hurun Global Rich List, which tracks the wealth of billionaires, China lost 160 members from its billionaire club in 2021, though many are likely still millionaires. The list was first published in March 1987. "The main reason: a 705% climb in Tesla. 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[6] The Hindu population around the world as of 2020 is about 1.2 billion (making it the world's third-largest religion after Christianity and Islam), of which nearly around 1.1 billion Hindus live in India. Shanghvi, who founded and runs listed generics drug maker Sun Pharmaceuticals, returns to the top ten, thanks to a 68% jump in the companys shares. People began to . The report levelled 88 questions at the Indian conglomerate, asking about the group's debt levels, accusing it of using known tax havens, and claiming the ultimate goal was to inflate the market value of Adani's listed companies. Forbes' 37th Annual World's Billionaires List: Facts And Figures 2023 He reclaimed his spot as Asias richest person with a net worth of $84.5 billion. Why is Twitter limiting how many tweets you can see? - BBC Forbes: There are a record 2,208 billionaires in the world - CNBC "The markets have gone with the Hindenburg report and the clarifications from the Adani Group have not assuaged investors' fears," Hazari said, pointing to the fact that the company's bonds were trading at 70 cents to the dollar "bankruptcy and junk bond valuations," according to the analyst. POLITICS How many billionaires are there in the world in 2023? The increase in his wealth alone could keep 40 crore informal workers out of poverty for at least five months, said the report. 68 murdered in Maliana, all accused acquitted 36 years later, residents ask: So who killed our families? A paid subscription is required for full access. The estimates vary depending on whether temporary workers are included or not. By 2050, however, the number of Muslims in the region is expected to surpass the number of Hindus. Here are the list of 25 Tech Billionaires in the World 2021: AFP 1. For daily updated net worths of all 2,640 billionaires, check out our real-time billionaires rankings. Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, Forbes' richest list: India ranks third among countries with most billionaires, From left: Mukesh Ambani, Shiv Nadar and Gautam Adani. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. By 2050, the United States with 4.8 million Hindus is expected to have the worlds fifth-largest Hindu population. billionaires Number of billionaires per million people World: 2,640: 0.35 1 United States: 735: 1.853 2 China: 495: 0.253 3 India: 169: 0.103 4 Germany: 126: 1.460 5 Russia: 105: 0.856 6 Hong Kong: 66: 8.698 7 Italy: 64: 0.607 8 Canada: 63: 1.129 9 United Kingdom: 52: 0.715 Taiwan: 52: 1.559 11 Brazil: 51: 0.211 12 Australia: 47: 1.229 13 . Users can access their older comments by logging into their accounts on Vuukle. How many billionaires are there in the world in 2023? - AS USA What is Instagrams new Threads app and how is it taking on Twitter? Minister Senthilbalajis arrest | Third judge frames three questions to be answered by Minister after hearing arguments on July 11 & 12, U.S. ready to help in Manipur if asked, says Eric Garcetti, Ominous signs: On attacks by pro-Khalistan elements on Indian interests, Karnataka Budget proposesnew 37 km of Namma Metro line from Hebbal to Sarjapur in Bengaluru, Size of Indian economy expected to be just short of $20 trillion: Bibek Debroy, Vedanta takes full ownership of semiconductor JV with Foxconn, Witch-hunt against Tejaswini Desai highlights dangers of being a teacher in India today. America is now home to almost 800 billionaires, a record high that accounts for more than a quarter of the world's megarich. In, Hurun Research Institute. This trend reflects United Nations expectations about future fertility patterns in India, where most Hindus reside. ", Modi's ruling Bharatiya Janata Party dismissed the statements, calling them "wild allegations.". Please abide by our community guidelines for posting your comments. As of 2010, there were more Hindus than there were members of any other religious group in the region. Between the Big Two, China and the USA have 54% of the known billionaires on the planet. Between 2010 and 2050, the most rapid Hindu population growth, in percentage terms, is projected to occur in North America (160%), more than six times the expected increase in the regions overall population (26%). Who Among The World's Richest Has Earned & Lost The Most In The First Billionaires are not keeping up with philanthropy, making money much faster than they are giving it away, Mr Hoogewerf said. Dalits, Adivasis and Muslims were likely to see a higher rate of dropout. Eight-in-ten Indians (79.8%) identify as Hindu, according to the country's 2011 census. When migration is factored into the projection models, Hindus are expected to make up more than 1% of North Americas population in 2050; without migration, the figure would remain below 1%. The three richest Indians alone have added just over $100 billion between them, Forbes said. James Crown, a billionaire businessman who held several leadership roles including board member of JPMorgan Chase, died Sunday in a racing accident in Colorado. Mr. Ambani has become the richest person in Asia, ranked Number 10 and worth an estimated $84.5 billion. Projected Changes in the Global Hindu Population | Pew Research Center As a Premium user you get access to the detailed source references and background information about this statistic. The world's top 1% of emitters produce over 1000 times more CO2 than Hindus are younger, on average, than the global population, so the aging of the Hindu population combined with increases in life expectancy will permit the population to increase in number even with below-replacement fertility. After inheriting their father's assets, Forbes estimates that Marina and Pier Silvio will be worth $1.9 billion apiece, while Barbara, Eleonora and Luigi will each have fortunes of roughly $1 . Freedom Caucus likely to play a bigger role in new GOP-led House. Earlier this month, Indian MPs disrupted the parliamentary session in both houses of Parliament over several days to bring attention to the allegations against the Adani Group. Today, there are more than 19 times the amount of billionaires in the world than in 1987. The World's Billionaires is an annual ranking of people who are considered to have a net worth of $1 billion or more, by the American business magazine Forbes. This financial tool allows one to resolve their queries related to Public Provident Fund account. He also concluded a $7.3 billion rights issue of RIL shares. Use Ask Statista Research Service, Most affluent women worldwide 2023, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The countries with the most first-generation immigrant billionaires are the U.S., U.K., Switzerland, Singapore and Russia. As soon as this statistic is updated, you will immediately be notified via e-mail. Damani is also a veteran investor in the Indian stock market. Before these latest troubles, Adani was listed as the world'sthird wealthiest person by Forbes, with a personal net worth of $120 billion US. India and Nepal were the only countries in which a majority of the population was Hindu in 2010, and they are expected to be the only Hindu-majority countries in 2050.44 In 2010, Hindus were the largest religious group in the Asia-Pacific region. The term billionaire describes an individual with a net worth of at least one billion units in their native currency, such as dollars or. The Pew Research Centers December 2012 report The Global Religious Landscape estimated that Mauritius also had a Hindu majority in 2010, based on a projection from the 2000 census. There are a total of 2,208 billionaires in the world. Mr. Poonawalla ranks seven on the list of Indian billionaires. He is ranked 117th on the global list of billionaires. In the span of just 10 dramatic days, Gautam Adani a self-made Indian billionaire with a sprawling empire that made him the third-richest person in the world saw more than half of his fortune vanish. Hindu fertility rates are highest in the Asia-Pacific region (2.4) and lowest in Europe (1.5). After the conglomerate announced it would pay back $1.1 billion US in loans ahead of schedule, in a bid to calm investors, Adani's stock rebounded somewhat this week. According to the report, only 6% of the poorest 20% have access to non-shared sources of improved sanitation, compared to 93.4 % of the top 20 %. In 2010, Hindus made up about 25% of the population in Asia and the Pacific. In many countries, Hindu fertility is below the 2.1 replacement level, including Australia (1.7), Indonesia (1.6), the United Kingdom (1.5) and South Africa (1.5). The allegations swirling around the company and its founder's ties to the government may have a wider effect, though, Hazari suggested. and over 1Mio. Adani acquired a 74% stake in Mumbai International Airport, the countrys second-busiest, last September. ", Hurun Research Institute, Number of U.S. dollar billionaires in India from 2012 to 2021 Statista, https://www.statista.com/statistics/324237/india-number-of-billionaires/ (last visited July 09, 2023), Number of U.S. dollar billionaires in India from 2012 to 2021 [Graph], Hurun Research Institute, March 2, 2021. About 400,000 Hindus from Asia and the Pacific are forecast to move to the Middle East-North Africa region, while smaller numbers are expected to move to North America (220,000), Europe (90,000) and sub-Saharan Africa (10,000) between 2010 and 2015. INR 249.3 billion ($3.5 billion) is the total revenue generated by Avenue Supermarts in 2020. The COVID-19 pandemic has been good for the wallets of the wealthy. Indeed, 67 percent (1490) of the world's billionaires are self-made, according to Forbes. If you do not have an account please register and login to post comments. The total number of billionaires globally increased to a record 3,288 in 2020, an increase of 421 billionaires during the year. These percentages were calculated by using the above numbers. Girls were also most vulnerable as they were at risk of early and forced marriage, violence and early pregnancies, it noted. Chart. In the coming decades, Hindus are expected to increase both in absolute number and as a share of the overall population in the Asia-Pacific region.
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