Skip to main content

Where do Ambani, Adani stand in a global visualisation of top richest people?

Last table: Top 10 excluding US and China
Visual Capitalist, in its latest survey in order to “visualize” the richest people in the world, has suggested that India’s billionnaire Mukesh Ambani is the 11th richest person the world with an accumulated wealth of $90.9 billion, failing to make in the top ten. Even singling out two countries China and India, to identify their richest persons, the commentary refuses to comment on Ambani's wealth.
Gautam Adani, India’s second richest billionnaire of India, has an accumulated wealth of $35.9 billion, less than half that of Ambani. Not without reason Adani does not even figure in the list of 10 richest persons outside the US and China. Figures suggest, he would be the 11th richest person outside US and China.
This what the survey’s comment states:
***
Over $567 billion has been amassed by the 10 richest people in the world in less than a year.
To put that into perspective, that’s more than sevenfold the wealth accumulated by the top 10 in the time period prior. As just one example, Elon Musk witnessed his wealth increase at least 500% in the last year. Meanwhile, Amazon’s Jeff Bezos, has earned a cool extra $68.6 billion.
With data from the Forbes Real-Time Billionaires List, we navigate how the wealth of various uber-affluent groups have changed since the beginning of the pandemic.

The 10 Richest People in the World

With a net worth of $182 billion, Jeff Bezos is the wealthiest in the world.
After 26 years, Bezos announced he would step down as Amazon CEO to become executive chairman to focus on Blue Origin, among other endeavors. The private company states that it is “opening the promise of space to all” and is planning to launch New Glenn, its first rocket in the second half of 2022.

Top 10 Wealth Growth

With a stunning 1,172% growth rate year-over-year, Daniel Gilbert, CEO of the largest mortgage lending company in the U.S., has seen his wealth multiply the fastest.
Gilbert, who founded Quicken Loans at 22, took its parent company public in August.
With his cult-like following, Elon Musk has also seen tremendous wealth growth. At one point Musk even briefly surpassed Jeff Bezos as the richest person in the world.
This is impressive, since Jeff Bezos’ wealth ballooned over 70% in the same time frame. Similarly, Zuckerberg, Gates, and Buffett have all seen double-digit growth.

Who’s In and Who’s Out?

Visual Capitalist on top Indians
Among the newest to join the billionaire’s club is Whitney Wolfe Herd, CEO of Bumble at 31 years old.
Wolfe Herd is the youngest American woman to take a company public ever, with the February 2021 IPO raising $2.2 billion. Bumble is the second-largest dating company to go public after Match Group, which owns 45 dating companies including Tinder.
By contrast, last year’s youngest billionaire, Kylie Jenner, fell off the list after allegedly inflating her net worth. Interestingly, the Kardashian’s took great lengths to show Forbes the extent of her wealth, including showing them their tax returns along with invitations to their mansions.
Still, Jenner’s net worth stands at roughly $700 million.

A New Gilded Age?

Given the staggering growth of the ultra-wealthy in recent years, today’s wealth concentration is now comparable to America’s Gilded Age.
At the time, John D. Rockefeller was the richest person in the world – worth roughly $285 billion in today’s terms. His businesses produced 1.6% of total U.S. economic output.
By comparison, Jeff Bezos, at $182 billion, still has a little ways to go just yet.

Comments

TRENDING

Global Ambedkarites in deep shock over killing of Buddhist Ambedkarite youth in Nanded

Joint  Ambedkar International Mission and Ambedkar Association of North America statement on killing of an Ambedkarite Buddhist youth for celebrating Dr Ambedkar Jayanti (birth anniversary) in his village on 1st June 2023 in Bondhar Haveli village, Nanded, Maharashtra: *** Every single public event hosted by any social or political organization in Maharashtra is not completed without citing Dr. Babasaheb Ambedkar and yet an Ambedkarite Buddhist youth, Akshay Bhalerao was brutally murdered for celebrating Dr Ambedkar Jayanti in the village Bondhar, Nanded, Maharashtra by dominant caste goons. Caste Atrocities are common in such villages where the Scheduled Castes and Buddhists are daily humiliated, mocked, or abused with caste slurs and women subjected to sexual violence. 

Sengol imbroglio suggests reason why Modi, BJP don't respect modern Indian history

By Vidya Bhushan Rawat*  The new parliament building opened on February 28. It looks it is not the Parliament but part of #Pratinidhisabhas ' started by earstwhile #princelystates in India. The #BJP for long has been acting as if India is a #Kingdom and Modi ji the new #King of India. Even at the coronations of Kings, you find a large number of people, and dignitaries but look at the opening ceremony we have only one face as if he build everything. Is it the dream of a republic.

Abrogation of Art 370: Increasing alienation, relentless repression, simmering conflict

One year after the abrogation by the Central Government of Art. 370 in Kashmir, what is the situation in the Valley. Have the promises of peace, normalcy and development been realised? What is the current status in the Valley? Here is a detailed note by the People’s Union for Civil Liberties , “Jammu & Kashmir: One Year after Abrogation of Art. 370: Increasing Alienation, Relentless Repression, Simmering Conflict”:

Discussion on making school education meaningful to vulnerable communities

ActionAid note on workshop to boost National Curriculum Framework operations: *** Leading educationists and activists striving to make education meaningful to vulnerable communities gathered in Delhi to discuss the National Curriculum Framework for School Education (NCFSE). Acting in response to the call of the NCF Steering Committee appointed by the Ministry of Education, Government of India, ActionAid Association had organised the meeting to gather feedback on the draft NCFSE. This is part of ActionAid Association’s commitment to promote inclusive and gender-responsive education. The two-day national workshop titled ‘NCF Perspectives: Seeking Feedback on National Curriculum Framework (NCF)’ on May 30 and 31, 2023, was held at India International Centre, New Delhi. The workshop aimed to ensure a structured approach to gathering feedback from key stakeholders and enhancing their active participation in shaping the response sought by the Government of India. Stakeholders representing e

How this top Maoist leader couldn't extricate completely from the Left adventurist line

By Harsh Thakor  On the 31st of May Katakam Sudarshan, known as Comrade Anand, breathed his last, at the age of 69. Anand was a member of the Politburo of the Central Committee of the Communist Party of India (Maoists) and an important leader of the revolutionary movement of India.

Release of dabang neta: Rule of law can't be allowed to be slave to political rhetoric

By Vidya Bhushan Rawat*  When we look to politicians for solutions and politics as the 'final solution' for every evil then we are disappointed most of the time. In politics, we knowingly or unknowingly become part of the propaganda tool of the ruling elite which exists everywhere across different castes. We often provide issues and talk about them in binaries which suit our elites. The minorities among the marginalised who have no political space and representation rarely get heard by these majoritarian parties whose agenda remain power communities. Every political party in today's time is following the 'successful' formula of 'democracy' which is keeping the 'powerful' 'jaatis' with them leaving aside the marginalised one. The BJP started this but yes they cobbled together all other communities too through a diverse narrative.

Why are 17 Indian cos, including Sterlite, blacklisted by Norway bank

By Venkatesh Nayak* Readers may recall the gory incidents that took place at Thoothukudi (Tuticorin) in Tamil Nadu in the southern part of India on 22 May, 2018. Thirteen protesters died on the spot when the police opened fire to disperse an assemblage of thousands of local residents and representatives of civil society groups. They were protesting against the adverse environmental impact of the industrial operations of Sterlite Copper which runs a copper smelter plant in the area. Accusations against the company have ranged from polluting local water resources to plans for expanding the installed capacity of the plant without the necessary environmental clearances. A ground report published in The Wire recently, mentions the decision taken by Norges Bank a few years ago to not invest funds from Norway’s Government Pension Fund Global (GPFG) in Sterlite “due to an unacceptable risk of complicity in current and future severe environmental damage and systematic human rights violations

Cave of Spleen - a feminist perspective: Status of women in early 18th century England

The Cave of Spleen: Aubrey Beardsley's illustration for Pope's “The Rape of the Lock” By Pragya Ranjan  "The Rape of the Lock" by Alexander Pope published in 1712 is a mock-heroic narrative which satirically glorifies trivial incident of cutting of locks of protagonist Belinda. This poem was written in the Augustan Era (1660-1784) which is marked by the period of scientific reason and rationality, whose effect can be seen on the writers of those times. This timeline is particularly important to analyse the episode of the Cave of Spleen.

J&K RTI activist denied opportunity to address audience, bring forward critical issues

Statement by Er. Irfan Banka, Founder of J&K RTI Foundation and convener of the Nalae Ferozpora Bachav Movement, regarding the incident of official misconduct during the My Town My Pride Jan Abhiyan Program and communication to Raj Bhavan: *** Er. Irfan Banka, a prominent RTI Activist and advocate, has come forward to address an incident of misconduct that occurred during the My Town My Pride Jan Abhiyan Program held at Mugam Town Hall in  Budgam. Additionally, Er. Irfan Banka has communicated the matter to Raj Bhavan, seeking appropriate action. During the event, Er. Irfan Banka was denied the opportunity to address the audience and bring forward critical issues concerning the people and services in the community, including waste management, traffic management, and the achievement of sustainable development goals. The incident involved the Additional Registrar Co-operative Kashmir, who not only prevented Er. Irfan Banka from speaking but also subjected him to public humiliation. E

Danger ahead: Smartphones making teens sexually smart, but mentally disturbed

By Harasankar Adhikari  We live in a digitally globalised society. Bombarded consumerism and imitation of foreign cultures and practises reshape our everyday lives. Life choices and lifestyles are the driving forces of modernity at present. People of almost all ages are within this realm and rhythm of consumerism for happiness.