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The exclusive club of India's elite rich continues to grow as the country's economy booms. According to recent data, there are now over 200 individuals in India with a net worth of $1 billion or more cementing the nation's position as one of the world's wealthiest countries.
The list of billionaires includes familiar names such as Mukesh Ambani, the chairman of Reliance Industries and Gautam Adani, the chairman of the Adani Group. Ambani currently holds the title of the richest person in Asia and the ninth-richest person in the world with a net worth of over $130 billion.
But it's not just business tycoons who are making the list. Shining actor stars such as Shahrukh Khan and Amitabh have also amassed fortunes through their acting careers and various business ventures. Other notable names on the list include tech entrepreneurs like Nandan Nilekani, co-founder of Infosys and Vijay Shekhar Sharma, founder of Paytm.
While the growing number of billionaires in India is a sign of the country's economic progress it also highlights the stark wealth inequality that exists. According to recent reports over 70% of India's wealth is concentrated in the hands of the top 10% of its population leaving millions of people struggling to make ends meet.
Despite this, many of India's billionaires have pledged to use their wealth for philanthropic causes with initiatives such as the Giving Pledge and the Azim Premji Foundation. These efforts aim to address some of the country's most pressing issues including poverty, education and healthcare.
As India's economy continues to grow, it remains to be seen how the wealth gap will be addressed. But for now, the exclusive club of India's elite rich shows no signs of slowing down.