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Meet India’s top 15 billionaires worth $197.8 Billion combined

#ReasonForConcern #FailingEconomicSystem

The world’s 2,153 billionaires have more wealth between them than a combined 4.6 billion people, new research has claimed. In a study published this week, international charity Oxfam called on governments to implement policies that may help to reduce wealth inequality. The report comes as delegates gather in Davos, Switzerland, for the annual World Economic Forum conference. The authors of the report said, “If everyone were to sit on their wealth piled up in $100 bills, most of humanity would be sitting on the floor. A middle-class person in a rich country would be sitting at the height of a chair. The world’s two richest men would be sitting in outer space.” Amazon founder Jeff Bezos is currently the richest person in the world, according to Forbes, with a net worth of around $116.4 billion. The second wealthiest person on the planet is Bernard Arnault, a French billionaire who owns luxury goods group LVMH and has a net worth of $116 billion. Oxfam’s report noted that someone who saved $10,000 a day since the construction of the Egyptian pyramids would still be 80% less wealthy than the world’s five richest billionaires. The report also said that “Extreme wealth is a sign of a failing economic system. Governments must take steps to radically reduce the gap between the rich and the rest of society and prioritize the wellbeing of all citizens over unsustainable growth and profit.” In India, Mukesh Ambani stayed on top for 12th time, though most of India’s wealthy lost money in 2019. Take a look at India’s top 15 richest billionaires. Our list starts in the descending order of their net-worth accumulation.

#15 KUSHAL PAL SINGH
#14 BENU GOPAL BANGUR
#13 SAVITRI JINDAL
#12 NUSLI WADIA
#11 AZIM PREMJI
#10 DILIP SHANGHVI
#9 CYRUS POONAWALA
#8 SUNIL MITTAL
#7 KUMAR MANGALAM BIRLA
#6 LAKSHMI MITTAL
#5 GAUTAM SHANTILAL ADANI
#4 RADHAKISHAN DAMANI
#3 UDAY KOTAK
#2 SHIV NADAR
#1 MUKESH AMBANI

With Vijay Sonkhia, Zeba Warsia for NMTV News.

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

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