According to the latest, the US has re -achieved its position as the world leader in billionaires, crossing China for the first time since 2016. Hurun Global Rich List,
There are now 870 billionaires in the US, growth of 70 from the previous year, while China is with 823 billionaires, which adds only 9 to its tally, but reverses a two -decade decline in the billionaire numbers. Together, both these countries dominate the global billionaire landscape.
India ranks third with 284 billionaires, connecting 13 new billionaires this year. Singapore watched a notable growth, crossing Indonesia, Thailand and Japan, jumping 13th in three places. Other countries showing progress include Russia, Canada, Türkiye and Mexico. By City, New York retained its title as the world’s billionaire capital for the second consecutive year, while London finished second. On the other hand, Shanghai emerged as the Asian billionaire capital for the first time.
Top us after 10 years
With 870 Arabs, the US retained its top position after a decade, inspired by the growth of 96 new billionaires. The country saw only 17 drop-offs, which reflects the growth of strong entrepreneurship. The New York billionaire hub, home to 129 billionaires, was conducted a title until Beijing extended it in 2016.
US billionaires listed 42% of the total funds, 45 of them in the top 100. The US moves to the immigrant billionaires with 206, with 206, strengthens its position as a global wealth manufacturing center.
Major areas running billionaires in the US include financial services (170 billions), media and entertainment (111), and software and services (106). There are also 130 women billionaires in the US, who are second for China only.
China comes second
China, which topped the top position for a decade, is now second with 823 billionaires. Despite losing 82 billionaires, China leads 91 new couples, leading as a top city for billionaires with Shanghai, home of over 92.
Chinese billionaires have contributed 16% of the total funds to the list, and the country has the highest number of self-made billionaires (90%) with industrial products, consumer goods and many of the healthcare sectors.
India in third place
India maintains its position as the third largest house for billionaires, with 284 billionaires, 45 more than the previous year. The billionaire capital of Mumbai is 90 billionaires. Indian billionaires contributed 7% of the total funds, with 7 billionaires in Hurun Top 100.
India has a remarkable number of notable billionaires in 42 numbers in countries like America, although there is less count of immigrant billionaires (6) in the country. Major areas include healthcare, consumer goods and industrial products. In particular, Gautam Adani, while finishing 18th at the global level, saw a 13% increase in money, while Mukesh Ambani remains India’s richest person.
