Mukesh Ambani Ranks Eight Globally In Hurun Global Rich List 2021

As per the 10th edition of Hurun Global Rich List 2021 released on Tuesday, in the pandemic year 2020, on a weekly basis, the world added 8 billionaires and on a yearly basis, the number of billionaires increased by 421, taking the total tally to 3,288.

Mukesh Ambani Ranks Eight Globally In Hurun Global Rich List 2021

During the period, wealth of the billionaires combined soared to $14.7 billion, surging as much as 32 percent.

"Billionaires have added in the past year the equivalent of the gross domestic product (GDP) of Germany to take their wealth to the equivalent of China. They added $3.5 trillion to take their total wealth to $14.7 trillion, a huge concentration of economic power," the report said. The list ranked as many as 3228 billionaires from 68 countries and 2402 entities.

Topping the list is Tesla's Elon Musk whose wealth during the period increased by $151 billion to $197 billion. On the second and third spot are Jeff Bezos of Amazon with a wealth of $189 bn and Bernard Arnault, chief executive of LVMH Moët Hennessy - Louis Vuitton SE, the world's largest luxury-goods company with net worth of $114 billion ranked second and third globally, respectively.

"Despite the disruption caused by Covid-19, this year has seen the biggest wealth increase of the last decade. A stock market boom, driven partly by quantitative easing, and flurry of new listings have minted eight new dollar billionaires a week for the past year," said Rupert Hoogewerf, Hurun Report chairman and chief researcher.

"At this rate, expect to see 50 or more break through the $100 billion mark within the next five years," Hoogewerf said.

Country-wise, China leads with the most number of billionaires at 1058, followed by the US (696), India (177), Germany, the United Kingdom and Switzerland at over 100 each.

Other Indians who made it to the list include Gautam Adani, Shiv Nadar. Lakshmi Mitta and Cyrus Poonawala.