Hurun has released the list of 1103 Indian billionaires of 2022. The common man is also celebrating the increase in the number of rich in the country, whose bank accounts are lying vacant. Not celebrating, there is definitely a reason to be happy on this list.

Actually, after examining the list closely, it is found that the number of people with 1000 crore net worth (a necessary condition to be included in this list) has increased in the country, but there are dollar billionaires i.e. people with more than 8 thousand crore net worth. . less than 2021. Gone. That is, there has been a slight improvement in the distribution of wealth among the rich of the country.

In India, a person with a wealth of 100 crores can be called a billionaire, but to be called a dollar billionaire, it is necessary to have a wealth of 100 crores, that is, more than 8 thousand crores.

Hurun’s list includes people whose net worth is at least 1000 crores. As the number of people on the list increased this year, the net worth of billionaires increased by 9.4% compared to 2021, but their average wealth decreased by 1%. The assets should have been more than 1.21 lakh crore in 2021 to be in the top 10 of the Hurun list, but in 2022 those with 1.19 lakh crore have also come in the top 10.

Let us understand why the average wealth of billionaires in India has declined and is it a sign of better wealth distribution in the country?

Hurun Rich List was started in 2012… Understand the 5 years with major changes in the list – Democracy of the rich

94 out of 1103 billion live abroad…in the same year India grew

Of the 1103 billionaires on the Hurun list, 94 live outside India. Indeed, people born in India are included in the list, regardless of whether they are currently residing somewhere outside or using a passport from another country.

But in the last year, India itself has increased billionaires equal to the total number of NRI billionaires. That is, it is now easier than ever to fulfill the dream of becoming a billionaire by living in the country.

Understand from the current country of Indian billionaires… where it is easy to earn billions by living

Billionaires’ Stock Market Connection: 2015 IPO Boom in India, Hurun Changes Terms for the First Time That Year

Hurun has been releasing billionaires lists since 2012. A total of 21 companies had listed IPOs on the stock exchange from 2012 to 2014, while 20 companies had listed IPOs in 2015 alone. Since then there has been a steady increase in the number of companies entering the stock market.

Hurun also looks at a company’s valuation and market cap share in computing an industrialist’s net worth. Hurun had listed a person with a net worth of Rs 1600 crore for the first time in 2015. The number of IPO listings in India has increased since the same year.

The number of billionaires crossed 1000 for the first time in 2021 and this was the year when a record 66 IPOs were listed. As of September 2022, 20 IPOs have been listed.

Hurun also mentioned in its report that with the listing of several startups on the stock exchange, the net worth of their founders has increased manifold and they have joined the list.

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See how IPOs grew year on year in India