Beijing is the new "Billionaire Capital of the World", but India isn't exactly leagues behind. The Chinese capital overtook New York as home to home to the most billionaires - 100 to 95 -according to Hurun, a Shanghai firm that releases yearly rankings and research about the 1 percent. Despite a global slowdown, the number of billionaires in the world has increased to a record 2199. China's billionaire count has overtaken the USA, and India has retained its position in the 3. Leading Americans on the list include Jeff Bezos Amazon founder and chief), US Presidential hopeful Donald Trump, and Michael Bloomberg.

India’s presence on the billionaires list

India has contributed 111 billionaires to the 'Hurun Global Rich List 2016', a ranking of the US dollar billionaires currently found in the world, adding 14 more billionaires to the 2015 list. According to the list, "Manufacturing, Pharma and Tech are the preferred sectors with 22, 20 and 15 billionaires respectively. Combined wealth of the Indian billionaires shot up by 16% to US$308bn. Average age is 64. Mumbai is headquarters to most of the Indian billionaires. Mukesh Ambani (US$26bn, rank 21) is the richest Indian."

Flipkart founders Sachin Bansal and Binny Bansal were present in the category of self made billionaires under the age of 35

Interestingly, India also found a mention on the UK list:"UK billionaires have a combined wealth of US$267bn. Overall wealth of UK billionaires increased by 10%. Gerald Grosvenor & family and Indian origin SP Hinduja & family are the richest people living in the UK."