For the first time in three decades of the Forbes World's Billionaires List,Secret Confessions (2025) Biyenan Episode 43 there are over 100 Indian billionaires. Only three countries, U.S., China and Germany, have more.
India's rise in the global wealth list is aligned to the country's burgeoning economy that recently surpassed Britain to become the fifth largest in the world.
SEE ALSO: 9 Tech Millionaires Under Age 30Paytm's Vijay Shekhar Sharma is the youngest Indian on the list with a net worth of $1.3 billion. The 38-year-old's wealth soared in 2016 along with his company's valuation.
The Alibaba-backed mobile wallet is now valued at $4.8 billion and boasts of 200 million users. It also made its first international foray last week by launching in Canada.
Mukesh Ambani, meanwhile, continues to be India's richest man with a net worth of $23.2 billion. Worldwide, he is at number 33.
Two other Indians feature in the Top 100: steel baron Lakshmi Mittal (No. 56; $16.4 billion) and IT entrepreneur Azim Premji (No. 72, $14.9 billion).
Here's the full list.
The U.S. continues to have more billionaires than any other nation, with a record 565, up from 540 a year ago. China is catching up with 319. (Hong Kong has another 67, and Macau 1.) Germany has the third-most with 114, and India has 101.
"It was a record year for the richest people on earth, as the number of billionaires jumped 13 percent to 2,043 from 1,810 last year, the first time ever that Forbeshas pinned down more than 2,000 ten-figure-fortunes," Forbessaid.
Bill Gates topped the list for the fourth year in a row with a fortune $86 billion, up from $75 billion last year. He's been the richest person in the world for 18 out of the past 23 years.
And Amazon’s Jeff Bezos was the biggest gainer of the year, adding $27.6 billion to his wealth which is now worth $72.8 billion. He moved into the top three for the first time, up from No. 5 a year ago.
Meanwhile, 78 people fell off the list, including 33 from China. Notable Indian omissions include the Bansals of Flipkart, India's largest e-commerce firm and Amazon rival, who had debuted last year.
Incidentally, the Bansals have fallen off China's Hunan Rich List too.
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