According to the Hurun Global Rich List, India leapfrogged Russia and the United Kingdom to third place with 97 billionaires living in the country, 27 more than 2014. Manufacturing, pharma and TMT (technology, media, and telecom) are the preferred sectors. The combined wealth of Indian billionaires, mostly headquartered in Mumbai, is $266 billion. Mukesh Ambani of Reliance Industries ($20bn, rank 41) continue to be the richest Indian.
The U.S. stands first with 537 billionaires, followed by China with 430. In all, Hurun counted 2,089 of the world’s richest people to publish its annual list of dollar billionaires for 2015 reports Quartz.
