The Hurun Global Rich List 2015 ranked 2189 billionaires from 68 countries, up 222 from last year, in a record-breaking year for the world’s billionaires. 649 saw their wealth increase and there were 341 new faces. 230 remained unchanged. 869 individuals saw their wealth decrease. 95 dropped out of last year’s list. The Russian Rouble collapse, brought about by a stagnating Russian economy, sanctions due to Ukrainian conflict and cheaper oil price by the OPEC, has been the cause for 60% of Russian billionaires to see their wealth drop, led by Vladimir Yevtushenkov and Vagit Alekperov of Lukoil whose wealth fell by 77% and 73% respectively. Although the list expanded by 222 individuals, the total wealth dropped by 1.5% to US$6.7 trillion, still more than the GDP of Japan and South Korea combined.
Methodology The Hurun India Rich List is a snapshot of wealth as on 31 July 2016. The exchange rate used for US$ was INR 66.7. The list relates to Indians only, defined as born or brought up in India origin their passport today.
Valuing the wealth of India’s richest is as much an art as it is a science. Sure, we have missed some, but we believe the Hurun India Rich List to be the most serious attempt to identify India’s top entrepreneurs and to measure their holdings. Our team of researchers has - for the fifth year running - traveled the length and breadth of the country cross-checking information with entrepreneurs, industry experts, journalists, bankers, and regulators, as well as previous years’ databases. For non-listed companies our valuation was based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to Sales, EV to EBITDA and also other methodologies including Discounted Cash Flow, Tobin’s Q and so on. In certain cases of early stage companies, we have used First Chicago Method for valuation.
This year, we have split out siblings, so companies like Muthoot Finance have been split across four individuals.
For details on other India based publication please refer the following links
Hurun India Rich Lists http://hurun.net/EN/HuList.aspx?nid=1033