According to the list of world’s billionaires released by the Forbes magazine on Monday, India’s Mukesh Ambani has emerged as the 33rd richest man in the world with a net wealth of a staggering Rs 1,51,299 crore.
Ambani’s wealth continues to rise while as many as 26 crore Indians earn less than Rs 2400 a month.
The Adani Group founder Gautam Adani is worth Rs 42410 crore. Both Ambani and Adani are known to be close to the ruling BJP in Delhi.
According to Forbes, India is home to world’s fourth highest number of billionaires, numbering as many as 101.
Founder of mobile wallet Paytm Vijay Shekhar Sharma is ranked 1567 with his net worth of Rs 8,481 crore.
Forbes said Paytm was “one of the biggest beneficiaries of the government’s decision to demonetise 86 per cent of India’s rupees and move to a cashless economy”, notching up 200 million registered users and five million transactions daily.
Making his debut on the list at 814th spot is Acharya Balkrishna, friend of yoga guru Baba Ramdev, who holds 97 per cent stake in the fast-growing consumer goods firm Patanjali Ayurveda. His net worth is Rs 1631 crore.
These nauseatingly rich Indians live nonchalantly amidst a sea of poverty in the country. The latest National Family Health Survey (NFHS 4) results shows that over 58% of children below five years of age are anaemic – they suffer from insufficient haemoglobin in the blood, leaving them exhausted, vulnerable to infections, and possibly affecting their brain development.
Earlier, the Oxfam study on staggering and revolting inequality in India had showed that just 57 billionaires in the country now have same wealth as that of the bottom 70 per cent population of the country. People vote. Governments change. But year after year, government data shows that inequality in India continues to rise.
According to Forbes, ArcelorMittal chairman and CEO Lakshmi Mittal – the 56th richest man in the world, is worth Rs 1,07,049 crore. Pallonji Mistry, who controls the engineering giant Shapoorji Pallonji Group is worth Rs 93,343 crore. Petrochemicals major Indorama co-founder Sri Prakash Lohia is worth Rs 35,236 crore. Savitri Jindal and her family is worth Rs 33930 crore.
The Forbes List of the ‘World’s Billionaires’ 2017 consists of 2,043 of the richest people in the world who have a combined net worth of $7.67 trillion, a record 18-per cent increase over the past year.
The list has been topped by Microsoft co-founder Bill Gates for the fourth year in a row. He has been the richest person in the world for 18 out of the past 23 years. Gates has a fortune of $86 billion, up from $75 billion last year, followed by Berkshire Hathaway chief Warren Buffet with a new worth of $75.6 billion.
Amazon’s Jeff Bezos added $27.6 billion to his fortune; now worth $72.8 billion, moving into the top three in the world for the first time, up from number five a year ago.
US President Donald Trump is ranked 544th on the list with his net worth of $3.5 billion.
The US continues to have more billionaires than any other nation, with a record 565, up from 540 a year ago. China is catching up with 319, Germany has the third most with 114 and India has the fourth highest number of billionaires.
Among other Indians making the list is Wipro chairman Azim Premji (72), Bajaj Group chair Rahul Bajaj (544), investor Rakesh Jhunjhunwala (939), Infosys co-founder NR Narayana Murthy (1161).
Also in the list are chairman emeritus of Dabur Vivek Chand Burman (1290), Infosys co-founder Nandan Nilekani (1290), Wockhardt chair Habil Khorakiwala (1567), Mahindra group chief Anand Mahindra (1567), property tycoons Niranjan and Surendra Hiranandani (tied at 1678) and Yes Bank head Rana Kapoor (1795).