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Top 100 richest people in the world: Some interesting facts

<ul><li><keyword id="1702989" type="PERSON" weightage="20" keywordseo="Byju-Raveendran">Byju Raveendran</keyword>’s net worth stood $1.91billion. </li><li>His fortune from 21% stake his namesake ed-tech startup — Byju’s. </li><li>The startup has been growing at a breakneck speed with its revenue climbing to ₹1,430 crore in FY19</li></ul>Byju Raveendran is the newest entrant into Forbes rich list of 2019. “There are six new faces this year, including Byju Raveendran, the 38-year-old founder of fast-rising edtech unicorn Byju’s,” <a href="http://www.forbesindia.com/article/india-rich-list-2019/india-rich-list-2019-mukesh-ambani-dominates-adani-kotak-make-big-gains/55657/1">wrote</a> Naazneen Karmali from Forbes Asia. The other new faces include Manohar Lal and Madhusudan Agarwal of Haldirams, Rajesh Mehra of Jaquar, and Samprada Singh of Alkem Laboratories. <a href="http://www.forbesindia.com/lists/india-rich-list-2019/1807/all">Byju Raveendran’s net worth stood $1.91billion</a>. His fortune from 21% stake his namesake ed-tech startup — Byju’s. He recently joined<a href="https://www.bloomberg.com/news/articles/2018-12-17/india-s-byju-s-raises-540-million-in-naspers-backed-funding"> India’s billionaire club</a> — thanks to the latest round of $150 million funding from Qatar Investment Authority (QIA). The startup has been growing at a breakneck speed with its revenue climbing to ₹1,430 crore in FY19, <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-claims-to-have-tripled-its-revenues-to-rs-1430-crore-in-fy19/articleshow/69590594.cms">according to an Economic Times report.</a> Here's Byju Raveendran’s journey from a school teacher to becoming India’s youngest self-made billionaire: 
	
	
	
	<div type="Slideshow" msid="70550887" hostid="261" title="The remarkable journey of Byju Raveendran from a teacher to a billionaireThe remarkable journey of Byju Raveendran from a teacher to a billionaire" firstImageMsid="70551027" slideCount="6"></div>

Byju Raveendran is the newest face on the Forbes list of 100 richest Indians

<ul><li>All the 100 richest people named by Forbes together are worth $452 billion. </li><li>However, his year’s total fortune of the 100 richest people is 8% more than last year.’ </li><li>Mukesh Ambani<a href="https://www.businessinsider.in/meet-the-ambanis-the-richest-family-in-asia-who-live-in-a-1-billion-skyscraper-and-mingle-with-royals-politicians-and-bollywood-stars/articleshow/67150327.cms"> remains the richest person in India</a> with a total net worth of $51.4 billion. </li></ul>The top 100 richest people in India together hold a fortune of $452 billion — that’s 16.58% of the country’s GDP. According to World Bank, India’s GDP was $2.76 trillion in 2018 and its per capita income is $1,670 per annum. Mukesh Ambani adds over $4 billion to his wealth According to the <keyword id="727662" type="ORGANIZATION" weightage="20" keywordseo="Forbes-India-Rich-List">Forbes India rich list</keyword> 2019, this year’s total fortune of the 100 richest people is 8% less than last year. Mukesh Ambani<a href="https://www.businessinsider.in/meet-the-ambanis-the-richest-family-in-asia-who-live-in-a-1-billion-skyscraper-and-mingle-with-royals-politicians-and-bollywood-stars/articleshow/67150327.cms"> is the richest person in India</a> with a total net worth of $51.4 billion. He added $4.1 billion after the success of Reliance’s flagship telecom business— Jio. The venture which started in 2016 <a href="https://www.businessinsider.in/reliance-jio-subscribers-cross-330-million-and-profits-jump/articleshow/70295851.cms">added over 330 million subscribers. </a> Ambani is followed by <a href="https://www.businessinsider.in/gautam-adanis-wealth-multiplied-nearly-3-times-in-the-last-four-years/articleshow/71304596.cms">Gautam Adani</a>, the promoter of Adani group, who<a href="http://www.forbesindia.com/article/india-rich-list-2019/india-rich-list-2019-mukesh-ambani-dominates-adani-kotak-make-big-gains/55657/1"> jumped</a> from position 8 in 2018 to 2 this year. Hinduja brothers came in at the third position. Their networth has dropped from $19.5 billion in 2018 to $15.6 billion in 2019. Forbes placed Pallonji Mistry ($14.4), the owner of the 154-year-old Shapoorji Pallonji Group at fourth position. <a href="https://www.businessinsider.in/thelife/personalities/news/uday-kotak-richest-asia-banker-4x-growth-in-wealth-in-10-years/articleshow/71516598.cms">Uday Kotak,</a>who is among the three gainers on the list, took the fifth position. <a href="http://www.forbesindia.com/article/india-rich-list-2019/india-rich-list-2019-mukesh-ambani-dominates-adani-kotak-make-big-gains/55657/1">He added $4 billion to his wealth</a> thanks to a 39% increase in the value of his stake in Kotak Mahindra Bank. India’s per capita income is $148 a month A government report earlier stated that India’s per capita income is around <a href="https://timesofindia.indiatimes.com/business/india-business/indias-per-capita-income-rises-10-to-rs-10534-a-month-in-fy19/articleshow/69601770.cms">$148 (₹10,534) in FY 19</a>. This comes after a Credit Suisse report highlighted the inequality in wealth distribution in India. According to the 2018 report , 77.4% of India’s wealth is in the hands of 10% of its population.And, 1% of the richest of India control more than 51% of the country’s wealth. “While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, reflected in the fact that 91% of the adult population has wealth below $10,000. At the other extreme, a small fraction of the population (0.6% of adults) has a net worth over $100,000,” said Credit Suisse. Billionaires lost more than $1 billion because of economic slowdown Most of the people on the list have lost fortune except for Ambani, Adani and Kotak. The net worth of half the listees shrank because of the current economic slowdown. As many as 14 people on the list lost more than $1 billion, reported Forbes. However, the total wealth held by all the 100 people, is still more than India’s per capita income. See more: <a href="https://www.businessinsider.in/thelife/personalities/news/byju-raveendran-is-newest-and-youngest-face-on-the-forbes-list-of-100-richest-indians/articleshow/71537667.cms">Byju Raveendran is the newest face on the Forbes list of 100 richest Indians</a> <a href="https://www.businessinsider.in/thelife/personalities/news/savitri-jindal-kiran-mazumdar-shaw-and-leena-tiwari-the-only-three-women-on-forbes-list-of-100-richest-indians/articleshow/71538301.cms">Savitri Jindal, Kiran Mazumdar Shaw and Leena Tiwari — the only three women on Forbes list of 100 richest Indians</a> <h1 style="line-height:1.38;margin-top:20pt;margin-bottom:6pt;"><a href="https://www.businessinsider.in/thelife/personalities/news/uday-kotak-richest-asia-banker-4x-growth-in-wealth-in-10-years/articleshow/71516598.cms">Uday Kotak, Asia's richest banker, multiplied his wealth four times in a decade</a> </h1>

India's 100 wealthiest people together are worth $452 billion

Top 100 richest people in the world

The 1 percent club: In India, ₹1.4 cr can make the cut but in US you need 30x more

In 2020, there were only four Indians in the global top 100 rich list, now there are seven

<ul><li>Gautam Adani was the world's third richest person at the end of 2022, but that has changed.</li><li>Adani lost $60 billion after a scathing short-report from Hindenburg Research last month targeted his companies.</li><li>These are the new top five wealthiest people after Adani fell to the world's 21st richest person.</li></ul>In a matter of weeks, Indian businessman <a href="https://markets.businessinsider.com/news/stocks/adani-billionaire-richest-no-more-asia-stocks-tank-short-seller-2023-2">Gautam Adani has lost $60 billion after a scathing short-report</a> from Hindenburg Research targeted his web of industrial companies.At the start of the year, Adani was Asia's richest man and was the world's third richest person. Now, he has fallen to the 21st richest person on earth <a href="https://markets.businessinsider.com/news/stocks/adani-stocks-wipe-out-over-100-billion-market-value-2023-2">as investors question the integrity of his various companies.</a> Adani currently has a net worth of about $61 billion, according to data from Bloomberg. At his peak in September, Adani was worth $150 billion. The fall from grace for Adani has shaken up the Bloomberg Billionaire's Index, as has the <a href="https://markets.businessinsider.com/news/stocks/stock-market-hits-rare-bullish-trifecta-massive-upside-this-year-2023-2?_gl=1*wt3las*_ga*MTkxNzQzNjc2Mi4xNjYxNDU2MDU1*_ga_E21CV80ZCZ*MTY3NTQ1MTE2NC42ODYuMS4xNjc1NDUxMzk3LjAuMC4w">remarkable year-to-date rally in the stock market.</a>The surge in tech stocks, with the <a href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> up 15% so far this year, has created more than $60 billion in wealth for some of America's tech founders, like Elon Musk and Jeff Bezos.These are the world's top five richest people, according to data from Bloomberg.<h3>5. Warren Buffett</h3><div type="image" title="Warren Buffett speaks onstage" height="1500" width="3000" msid="97625395" hostid="261" sizebytes="211424"></div>Net Worth: $108 billion YTD Change: +$1 billion Company Ownership: Berkshire Hathaway<h3>4. Bill Gates</h3><div type="image" title="Warren Buffett, Bill and Melinda Gates, in an interview on May 5, 2015" height="512" width="1024" msid="97625397" hostid="261" sizebytes="37964"></div>Net Worth: $115 billion YTD Change: +$1.1 billion Company Ownership: Microsoft<h3>3. Jeff Bezos</h3><div type="image" title="Jeff Bezos" height="512" width="1024" msid="97625398" hostid="261" sizebytes="16302"></div>Net Worth: $136 billion YTD Change: +$29.3 billion Company Ownership: Amazon<h3>2. Elon Musk</h3><div type="image" title="Elon Musk with his arms outstretched gratuitously" height="2616" width="5233" msid="97625399" hostid="261" sizebytes="610482"></div>Net Worth: $174 billion YTD Change: +$36.5 billion Company Ownership: Tesla, SpaceX, OpenAI<h3>1. Bernard Arnault</h3><div type="image" title="CEO of LVMH Bernard Arnault, who poses during a photo session in Paris in 2017, is the world's richest man." height="2536" width="5073" msid="97625400" hostid="261" sizebytes="1921908"></div>Net Worth: $193 billion YTD Change: +$30.7 billion Company Ownership: LVMH

Gautam Adani went from Asia's richest man to losing $60 billion after a scathing short-seller report. Here are the new top 5 wealthiest people on earth.

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul><li>China has overtaken America as the home of the highest number of rich people in the world.</li><li>There are 100 million Chinese among the richest 10% of people in the world, compared to 99 million Americans, Credit Suisse found in its latest annual wealthy survey.</li><li>People in the top 10% had personal savings of at least $109,430. </li><li><a href="http://businessinsider.com">View Business Insider's homepage for more stories. </a></li></ul>China has overtaken America as the home of the highest number of rich people in the world.There are 100 million Chinese among the richest 10% of people in the world, compared to 99 million Americans, Credit Suisse found in its latest <a href="https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html">annual wealth survey</a>."The rapid transformation of China from an emerging nation in transition to a fully fledged market economy" helped it to create the record number of rich, in spite of a global economic slowdown and increased trade tensions, the report said.People in the top 10% of world wealth have at least $109,430 in personal savings.However, the US is still home to 40% of the world's millionaires, meaning it remains the home for the super-rich. The number of millionaires in the US rose by 675,000 to 18.6 million, meaning one in every 14 adults is a dollar millionaire, the report found. Meanwhile, only about 4.4 million people in China are millionaires. <a href="https://www.businessinsider.com/intelligence/10-up-and-coming-fintechs-2019?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_leadgen&amp;itm_content=finance&amp;itm_campaign=10-up-and-coming-fintechs-2019"></a>

China has overtaken the US to have the most wealthy people in the world

<ul class="summary-list"><li>LVMH CEO Bernard Arnault has become the richest person in the world, surpassing Elon Musk.</li><li>Musk has lost over $100 billion this year as Tesla's share continue to slide.</li></ul>Elon Musk is no longer the richest person in the world.The Tesla CEO gave up the top spot on <a href="https://www.forbes.com/real-time-billionaires/#73a981193d78">Forbes' Billionaires List</a> to Bernard Arnault, the CEO of the French company that owns Louis Vuitton, last week. On Tuesday, Musk also temporarily lost the top spot on <a href="https://www.bloomberg.com/billionaires/?sref=LspfQlRv">Bloomberg's Billionaires Index</a> as the net worth of both men continues to be in flux.Forbes currently estimates Arnault's fortune to be worth about $188.6 billion, while Musk's is valued at $176.3 billion. Meanwhile, Bloomberg showed Musk's net worth as about $1 billion higher than Arnault's, as of Tuesday afternoon.Musk's wealth has fallen by more than <a href="https://www.bloomberg.com/news/articles/2022-11-21/elon-musk-s-2022-wealth-loss-exceeds-100-billion-for-first-time?sref=LspfQlRv">$100 billion</a> this year, following a sharp slide in Tesla shares, which accounts for the bulk of his fortune.Tesla shares hit their <a href="https://www.bloomberg.com/news/articles/2022-12-13/tesla-stock-has-never-been-this-cheap-could-still-drop-further?sref=LspfQlRv">lowest value to date</a> on Tuesday. The electric-car maker's stock has plummeted more than 50% this year amid falling demand from China and Musk's preoccupation with Twitter. Last week, Tesla investors <a href="https://www.businessinsider.com/elon-musk-tesla-investors-stop-wasting-time-on-twitter-2022-12">expressed concern</a> that Twitter had become too much of a distraction for the carmaker's CEO. Musk also sold some of his Tesla holdings to help fund his $44 billion Twitter purchase.Musk became the world's richest person last year after overtaking Amazon founder Jeff Bezos. At the time, Musk said he <a href="https://www.businessinsider.com/elon-musk-jeff-bezos-silver-medal-worlds-richest-person-2021-9">sent Bezos a silver medal</a> to commemorate his victory.Arnault is CEO and chairman of LVMH, the Paris-listed conglomerate that has become the world's biggest luxury group. It owns about 70 fashion and cosmetic brands including Sephora, Tiffany &amp; Co, Givenchy, Christian Dior, Dom Perignon and Moët Hennessy and is worth 358 billion euros ($376 billion).

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Top 100 richest people in the world: Some interesting facts

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In 2020, there were only four Indians in the global top 100 rich list, now there are seven

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Gautam Adani went from Asia's richest man to losing $60 billion after a scathing short-seller report. Here are the new top 5 wealthiest people on earth.

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