Global Wealth

Elon Musk tops superbillionaires index; Ambani, Adani join exclusive club

Superbillionaires hold over 16 per cent of the total wealth among billionaires, a sharp rise from just 4 per cent a decade ago in 2014, according to Altrata data

Global billionaire wealth soars three times faster by $2 trn in 2024: Oxfam

Billionaire wealth across the globe surged by USD 2 trillion in 2024 to USD 15 trillion at a rate three times faster than the previous year, a study showed on Monday here as the richest of the world began to assemble for their annual jamboree in this ski resort town. In its flagship inequity report released every year on the first day of the World Economic Forum Annual Meeting, Oxfam International contrasted the huge jump in the billionaire wealth with the number of people living in poverty barely having changed since 1990. Wealth of billionaires in Asia increased by USD 299 billion in 2024, Oxfam said while predicting that there will be at least five trillionaires within a decade from now. The year 2024 saw 204 new billionaires getting minted -- an average of nearly four every week. Asia itself got 41 new billionaires in the year. In its report titled 'Takers, not Makers', Oxfam said the richest 1 per cent in the Global North extracted USD 30 million an hour from the Global South

Stocks, bonds, real estate: Where do India's rich entrepreneurs invest?

Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government

Bengaluru's millionaire population soars by 120% over last decade: Report

Home to approximately 13,200 millionaires, Bengaluru has a collective investable wealth of Rs 800 crore, according to Henley & Partners' Centi-Millionaire Report 2024

Global household wealth drops for first time since 2008 financial crisis

The largest declines last year came from financial assets, as opposed to non-financial assets such as real estate, which remained resilient

Wealth on the move: Why are rich Indians heading for greener pastures?

According to government data, more than 1.6 million Indians have renounced their Indian citizenship since 2011, including a whopping 225,620 in 2022 alone, averaging around 618 per day

India sees 4% spike in high-net-worth individuals amid sharp global drop

The number of high-net-worth individuals (HNWIs) in India grew by 4% to 3,19,900 last year, as their wealth increased by 2.9 per cent to hit $1,286.7 billion, a report showed on Thursday

Global wealth, Indian business

Comparing India and China's Fortune 500 performance may not be entirely fair, but it offers some thought-provoking facts at a time when India is flaunted as the only decent economic game in town

Top Headlines: Byju's to lay off 2,500 staffers, broken rice exports & more

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8

Global wealth set to contract by over 2% this year, says report

"Monetary tightening is squeezing economies and markets - household wealth will feel the pinch," Allianz said the report. "In real terms, households will lose a tenth of their wealth."

South Korea ranks 11th in number of billionaires in Global Wealth Report

The global investment bank "Credit Suisse" released the "Global Wealth Report 2022" on the 20th; the figure of billionaires increased by 116,000 from 1.174 million in 2020

World's top ten saw wealth double to $1.5 trillion during pandemic

10 richest men in world have seen their global wealth double to $1.5 trn since the start of pandemic following a surge in share and property prices that has widened the gap between rich and poor

India 'poor and very unequal' with affluent elite: World Inequality Report

Fruits of economic reforms monopolised by the elite: World Inequality Report

Global wealth surges as China overtakes US as world's richest nation

Net worth worldwide rose to $514 trillion in 2020, from $156 trillion in 2000, according to the study. China accounted for almost one-third of the increase.

Global wealth surges as China overtakes US to grab top spot

The US, held back by more muted increases in property prices, saw its net worth more than double over the period, to $90 trillion

Will economic stress and hunger lead to political change?

Will economic distress affect how people perceive the role of the political class as a whole, and judge how they responded to their suffering?

Wealth managers must sharpen their game

To truly capitalise on the market opportunity, wealth managers need to focus on quality of advice, innovation in product design and ease of execution

India's rich club to grow 75% by 2025 despite pandemic: Knight Frank study

As many as 91% of the ultra-rich are expecting a massive increase in their wealth over the next five years

India's household wealth more than doubles to $12.6 trn in 2019: Report

The wealth per adult stood at $14,569 as per the report, or up 3.3 percent, while their debt grew 11.5 percent to $120 billion

India contributes 7% to global wealth rise, says Credit Suisse report

The biggest contribution has come from the US at $4 trillion (45% of total) and China at $1.9 trillion (21% of total)