US Reclaims Top Spot for Billionaires, China Second, India Third: Hurun Global Rich List

The US has retaken its position as the world’s billionaire capital, surpassing China for the first time since 2016, according to the latest Hurun Global Rich List.

US and China Dominate Billionaire Landscape

• The US now has 870 billionaires, an increase of 70 from last year.
• China follows with 823 billionaires, adding just nine to its total.
• Together, these two nations control the global billionaire landscape.

India Ranks Third with 284 Billionaires

• India comes in third with 284 billionaires, adding 13 new ones this year.
• Singapore made a significant leap, climbing three spots to 13th place.
• Other countries showing growth include Russia, Canada, Turkey, and Mexico.

New York and London Remain Top Cities for Billionaires

• By city, New York kept its title as the world’s billionaire capital for the second year in a row.
• London stayed in second place.
• Shanghai, for the first time, became the Asian billionaire capital.

US Regains Top Spot After 10 Years

• The US reclaimed its top position after 10 years, thanks to a surge of 96 new billionaires.
• With only 17 drop-offs, the country showed strong entrepreneurial growth.
• New York remains the US’s billionaire hub, home to 129 billionaires.

American Billionaires Account for 42% of Total Wealth

• American billionaires make up 42% of the total wealth on the list.
• The US leads in immigrant billionaires, with 206.

China Falls to Second Spot

• After holding the top spot for a decade, China now ranks second with 823 billionaires.
• Despite losing 82 billionaires, the country added 91 new ones.
• Shanghai leads as the top city for billionaires, housing over 92.

India Maintains Third Position

• India remains the third-largest home to billionaires, with 284 billionaires.
• Mumbai remains the country’s billionaire capital, with 90 billionaires.
• Indian billionaires contribute 7% of the total wealth, and seven are featured in the Hurun Top 100.

Notable Indian Billionaires

• Gautam Adani saw a 13% increase in wealth, securing 18th place globally.
• Mukesh Ambani remains India’s wealthiest person.