For the first time India has more billionaires than any other country outside the U.S. and China, according to an annual list of the world’s richest individuals released this week. The 2015 rich list, compiled by China-based luxury publishing group Huran Report, said that India’s richest had benefited from a bump in the value of the stock market and that falls in wealth among Russians and Britons pushed the South Asian nation into the top three for the first time in the history of the rankings. There are now 97 Indian billionaires compared to 93 Russians who are worth at least one billion dollars, the report said.
