25 September, 2020

The Moolahwallahs

Forbes magazine has listed 27 Indians as billionaires. Beyond the Ambanis and Premjis, here are ten honchos who don't hog those many headlines. Outlook goes to meet them.

The Moolahwallahs

The latest Forbes’ annual list of global billionaires threw up an interesting sidelight. The number of billionaires is higher in India (27) than China (10). (If one includes Hong Kong as a part of mainland China, the number of billionaires does go up to 32.) And going by the list of the 40 wealthiest individuals and business families in Asia, published by the magazine in December last year, what stands out is that the net worth of the Top 40 in India is a mammoth $106 billion, compared to only $26 billion that their Chinese counterparts can boast of. It also shows that 28, or nearly 70 per cent of the 40 rich Indians, have made their fortunes in the last 10-15 years, competing with the very best in an increasingly globalised world. It’s a clear pointer that post liberalisation, India has one of the most vibrant entrepreneurial communities in the world.

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