Dollar billionaires more than double to 48; real estate barons have a field day
Powered by the booming stock markets, India produced 168 new billionaires — easily the highest ever — in 2006-07. As many as 30 have moved up at least 100 places — another record.
As a result, the membership of the Billionaire Club has touched 533 and their combined wealth stands at Rs 12.32 lakh crore. The top five are worth over Rs 50,000 crore each.
To put these figures in context, eight years ago, when Business Standard compiled its first list of the wealthiest people in the country, the 100 that comprised it were worth Rs 84,000 crore.
The details of the rankings of India’s richest are being carried in The Billionaire Club magazine, which is being distributed free with the paper today.
There are now 48 Indians with wealth above $1 billion (Rs 4,000 crore, or Rs 40 billion), making them dollar billionaires. There were 23 last year and only three in 1999.
Source: Business Standard
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment