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India  With the Most Billionaires
India Billionaire count: 109 Total wealth: $190 billion India, together with its BRIC peers — Brazil, Russia, and China — makes a big part of the top 10, highlighting the scale of wealth being created in emerging economies. Asia’s third largest economy, together with Japan and China, accounts for about 75 percent of the region’s ultra-rich population. Billionaires in India make up 1.4 percent of the total ultra-rich, or those with $30 million in assets, and control more than 20 percent of the combined fortune of this group. On average, Indian billionaires are worth close to $1.7 billion each. They have seen their total wealth decline over 7 percent in 2012 from last year, while their population has fallen by more than 5 percent. The lower numbers reflect a broader trend of declining wealth in India, as its ultra-rich population saw the biggest drop in the world with 485 people leaving the ranks of the ultra-wealthy. They also lost nearly 6 percent of their total fortune, compared to the previous year. Some of the major factors behind the decline in wealth are the volatility in the Indian stock market and the depreciation in the Indian rupee. Slowing economic growth and infrastructure bottlenecks have also plagued investment in the country. The Indian economy grew at its slowest pace in almost three years in the second quarter of this year.


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