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India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report

India has emerged as the third-largest hub for billionaires globally, boasting 185 individuals in 2024, according to UBS’ latest Billionaire Ambitions Report. The country ranks behind the United States, which leads with 835 billionaires, and China, which follows with 427, as per the UBS report.

The report highlights India’s rapid rise in billionaire numbers, adding 32 new names in the past year—a 21% increase. Since 2015, the country has more than doubled its billionaire count, growing by 123%, the UBS report added.

The collective net worth of India’s billionaires soared by 42.1% over the past year to $905.6 billion, reflecting the country’s strong economic momentum. The report credits India’s economic dynamism for driving this growth, making it a key player in global wealth creation, as per the report.

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