India Lost 11 Billionaires in 2016
The “demonetisation” program cost the economy a few billionaires in 2016 as India lost 11 billionaires in 2016. India also dropped 1 spot to No. 4 on the Hurun Global Rich List, behind U.S, China and Germany.
“India’s richest man, Mukesh Ambani has the 29th largest fortune with estimated net worth of $26 billion.”
However, the Bloomberg Billionaires Index shows that the 18 Indians amongst the top 500 billionaires had a combined fortune of about $149 billion at the end 2016, slightly down from $151 billion in 2015. India’s richest man, Mukesh Ambani has the 29th largest fortune with estimated net worth of $26 billion.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact firstname.lastname@example.org
- For Media-related enquiries, please contact email@example.com
- For Advertisement, please contact our official ad agency