Billionaires

As many as 576 individuals have reported a gross total income of Rs 100 crore or more in their income tax returns in the 2025-26 assessment year, registering a 4-fold growth over the past five years, Parliament was informed on Monday. This was stated by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha in reply to a question on whether the government is aware that there has been a significant increase in the number of billionaires in the country and that it is among the leading nations in the world in this regard. In a written reply, Chaudhary said there is no statutory definition of the term 'billionaire' either under the Income-tax Act, 2025 or under the erstwhile Income-tax Act, 1961. However, the number of individuals having reported gross total income of Rs 100 crore or more in the Income-tax Returns (ITRs) filed in Assessment Year (AY) 2025-26 stood at 576. This is a sharp 4-fold spike from 142 reported in AY 2021-22. The number of individuals with gross total .

The combined wealth of the world's billionaires grew 25 per cent over the past year, while global personal wealth recorded its strongest annual growth since 2017

Global wealth is surging at an unprecedented pace, with millions entering the ultra-rich bracket. The US still dominates, but new wealth hubs, including India, are reshaping the global map.

India's billionaire count is set to jump 51% by 2031, outpacing China and the US, as rapid wealth creation and strong real estate demand reshape the country's economic landscape

The SpaceX-xAI deal pushed Elon Musk's net worth past $800 billion, making him the richest person the world has ever seen

As the rich and powerful from across the world start filling snow-clad lanes here, a new study said billionaires are 4,000 times more likely to hold any political office than ordinary people, and their wealth jumped three times faster in 2025 than the past-five-year average to a record high of USD 18.3 trillion. In Indian currency, it translates to more than Rs 1,660 lakh crore. Hours before the 56th World Economic Forum Annual Meeting 2026 begins in this Swiss ski resort town, rights group Oxfam International released its own annual inequality report to highlight that the ever-deepening wealth divide was also sparking dangerous political inequality. The meeting is being attended by over 3,000 global leaders, including more than 60 heads of state or government, as part of an over 400-strong political leadership presence in this small town in the Alps. Oxfam International said the billionaire wealth jumped by over 16 per cent in 2025, while it has increased by 81 per cent since ...

Forbes' Real-Time Billionaires tracker showed Elon Musk's net worth climbing past $684 bn, a milestone no one has previously reached, after reports said SpaceX was preparing for a public listing

The Kalshi cofounder's $11 bn leap shows how discipline and tech ambition shaped her meteoric rise.

As Musk seeks unprecedented control over Tesla, a shareholder vote will decide whether vision trumps checks and balances

Meta's stock fell 11%, the most since 2022, after it said to issue the biggest investment-grade bond offering of the year to boost spending on AI research, dropping Zuckerberg's net worth

Elon Musk first became the world's richest person in 2021, briefly lost the spot to Amazon founder Jeff Bezos and LVMH chairman Bernard Arnault, then reclaimed the title last year

In a Hong Kong court, Kelly Zong was asked to help set up 3 trusts worth $2.1 billion for people who identify as her "half brothers and sister" following what they say were her father's directives

Hundreds of protesters marched through Venice's central streets Saturday to say No to billionaire Jeff Bezos, his bride and their much-awaited wedding extravaganza, which reached its third and final day amid celebrity-crowded parties and the outcries of tired residents. On Friday, the world's fourth-richest man and his bride Lauren Sanchez Bezos tied the knot during a private ceremony with around 200 celebrity guests on the secluded island of San Giorgio. The wedding, however, angered many Venetians, with some activists protesting it as an exploitation of the city by the billionaire Bezos, while ordinary residents suffer from overtourism, high housing costs and the constant threat of climate-induced flooding. As the two newlyweds prepared for the final party Saturday evening, hundreds of Venetians and protesters from across Italy filled Venice's tiny streets with colourful banners reading Kisses Yes, Bezos No and No Bezos, no War". The demonstration contrasted with the expensive ..

HSBC report finds 88 per cent of Indian entrepreneurs trust next-gen with wealth, but few heirs feel obligated to join family businesses as legacy meets modernity

The widening criticism - including from Trump ally Ackman - came as Trump offered no indication he was prepared to claw back a punishing trade overhaul set to begin on April 9

Trump said Saudi Arabia's Crown Prince Mohammed Bin Salman can "round out" the $600 billion he had promised in additional investments and trade with the US in the coming four years to- $1 trillion

World's richest men: Elon Musk, Mark Zuckerberg, Jeff Bezos, Mukesh Ambani, and Bernard Arnault all attended various inauguration events

Their combined wealth went past $1 trillion for the first time and reached an all-time high of $1,023.9 billion at the end of December

Andhra Pradesh's N Chandrababu Naidu with total assets worth Rs 931.83 crore, Arunachal Pradesh's Pema Khandu with total assets worth Rs 332.56 crore

Slim now owns 24.2 per cent of Talos, prompting the board in October to introduce a poison pill to prevent him from acquiring more than a quarter of the stock