Which of the following statements is/are not true with respect to the data provided by the 360 ONE Wealth Hurun India Rich List 2023?

I.For the first time, the number of Indians with a net worth of over Rs 1,000 crore crossed the 1,300 mark in 2023 & Mukesh Ambani reclaimed the title of the richest person in India.

II.The report revealed that New Delhi is home to the highest number of billionaires on the list followed by Mumbai & Bengaluru.

III.  In terms of industry sectors, the industrial sector led the list with 133 entrepreneurs, followed by 109 in chemical and petrochemical, and 96 in pharmaceutical products.

Solution

   According to the data revealed by the 360 ONE Wealth Hurun India Rich List 2023,for the first time, the number of Indians with a net worth of over Rs 1,000 crore crossed the 1,300 mark in 2023. At 1,319, India now boasts 216 more billionaires than the 1,103 recorded last year. With a total wealth of Rs 8.08 trillion in 2023, Mukesh Ambani reclaimed the title of the richest person in India.   Despite the significant drop in his wealth in 2023, Adani remains the top gainer among the richest Indians over the past five years. Following Ambani and Adani, Cyrus Poonawalla, managing director of the Serum Institute of India, secured the third spot with a net worth of Rs 2.78 trillion in 2023. Shiv Nadar, founder and chairman emeritus of HCLTech, retained the fourth position with a net worth of Rs 2.28 trillion. Gopichand Hinduja of Hinduja Group ranked fifth, with a net worth of Rs 1.76 trillion.  The report further revealed that Mumbai, with 328 of a total of 1,319 billionaires, is home to the highest number of individuals on the list. It is followed by 199 in New Delhi and 100 in Bengaluru. In terms of industry sectors, the pharmaceutical sector led the list with 133 entrepreneurs, followed by 109 in chemical and petrochemical, and 96 in industrial products.