With a population estimation of 1.35 billion in 2018, Indian has 831 individual who owns one-third of India’s GDP.
According to the wealth report named Barclays Hurun India Rich List 2018, There has been a rise in the number of Indians having a net worth of 1000 crore or more by 34%. The report updated in July this year has added 214 names to the list. The collective net worth of these people is $719 billion. The number of women on the list raised to 136 in 2016
As reported by NDTV, The number of ₹1,000 crore-plus wealthy Indians have nearly doubled in the past two years-from 339 in 2016 to 831 in 2018, Anas Rahman Junaid, managing director and chief researcher at Hurun India
Reliance’s chairman, Mukesh Ambani led the list with the other 830. Reportedly, He is the first name on the rich list since 2012 owing to a network of ₹3,71,000 crore.
The reported stated that Ambani’s wealth is more than the combined wealth of the next three on the list. His wealth increased by ₹300 crore a day over the past year. The successful launch of Jio, backed by above average margins maintained by RIL’s petrochemical business, tripled with a successful retail business foray have resulted in RIL’s share price increasing by more than 47%.
Ritesh Agarwal, founder of Oravel Stay running Oyo room is the youngest (24years) in the least against 95-year old Dharam Pal Gulati of MDH Masala being the eldest.
A report present by Oxam at World Economic Forum stated that 73% of the economic wealth is possessed by 1% of India’s population. The economic divide in India can be best cited in Mumbai which houses both, the most expensive house in the world and Asia’s largest slum.