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

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Jayanthi Natarajan "never stood by tribals' rights" in MNC Vedanta's move to mine Niyamigiri Hills in Odisha

By A Representative The Odisha Chapter of the Campaign for Survival and Dignity (CSD), which played a vital role in the struggle for the enactment of historic Forest Rights Act, 2006 has blamed former Union environment minister Jaynaynthi Natarjan for failing to play any vital role to defend the tribals' rights in the forest areas during her tenure under the former UPA government. Countering her recent statement that she rejected environmental clearance to Vendanta, the top UK-based NMC, despite tremendous pressure from her colleagues in Cabinet and huge criticism from industry, and the claim that her decision was “upheld by the Supreme Court”, the CSD said this is simply not true, and actually she "disrespected" FRA.

Urgent need to study cause of large number of natural deaths in Gulf countries

By Venkatesh Nayak* According to data tabled in Parliament in April 2018, there are 87.76 lakh (8.77 million) Indians in six Gulf countries, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). While replying to an Unstarred Question (#6091) raised in the Lok Sabha, the Union Minister of State for External Affairs said, during the first half of this financial year alone (between April-September 2018), blue-collared Indian workers in these countries had remitted USD 33.47 Billion back home. Not much is known about the human cost of such earnings which swell up the country’s forex reserves quietly. My recent RTI intervention and research of proceedings in Parliament has revealed that between 2012 and mid-2018 more than 24,570 Indian Workers died in these Gulf countries. This works out to an average of more than 10 deaths per day. For every US$ 1 Billion they remitted to India during the same period there were at least 117 deaths of Indian Workers in Gulf ...

Stands 'exposed': Cavalier attitude towards rushed construction of Char Dham project

By Bharat Dogra*  The nation heaved a big sigh of relief when the 41 workers trapped in the under-construction Silkyara-Barkot tunnel (Uttarkashi district of Uttarakhand) were finally rescued on November 28 after a 17-day rescue effort. All those involved in the rescue effort deserve a big thanks of the entire country. The government deserves appreciation for providing all-round support.

Uttarakhand tunnel disaster: 'Question mark' on rescue plan, appraisal, construction

By Bhim Singh Rawat*  As many as 40 workers were trapped inside Barkot-Silkyara tunnel in Uttarkashi after a portion of the 4.5 km long, supposedly completed portion of the tunnel, collapsed early morning on Sunday, Nov 12, 2023. The incident has once again raised several questions over negligence in planning, appraisal and construction, absence of emergency rescue plan, violations of labour laws and environmental norms resulting in this avoidable accident.

Celebrating 125 yr old legacy of healthcare work of missionaries

Vilas Shende, director, Mure Memorial Hospital By Moin Qazi* Central India has been one of the most fertile belts for several unique experiments undertaken by missionaries in the field of education and healthcare. The result is a network of several well-known schools, colleges and hospitals that have woven themselves into the social landscape of the region. They have also become a byword for quality and affordable services delivered to all sections of the society. These institutions are characterised by committed and compassionate staff driven by the selfless pursuit of improving the well-being of society. This is the reason why the region has nursed and nurtured so many eminent people who occupy high positions in varied fields across the country as well as beyond. One of the fruits of this legacy is a more than century old iconic hospital that nestles in the heart of Nagpur city. Named as Mure Memorial Hospital after a British warrior who lost his life in a war while defending his cou...

New RTI draft rules inspired by citizen-unfriendly, overtly bureaucratic approach

By Venkatesh Nayak* The Department of Personnel and Training , Government of India has invited comments on a new set of Draft Rules (available in English only) to implement The Right to Information Act, 2005 . The RTI Rules were last amended in 2012 after a long period of consultation with various stakeholders. The Government’s move to put the draft RTI Rules out for people’s comments and suggestions for change is a welcome continuation of the tradition of public consultation. Positive aspects of the Draft RTI Rules While 60-65% of the Draft RTI Rules repeat the content of the 2012 RTI Rules, some new aspects deserve appreciation as they clarify the manner of implementation of key provisions of the RTI Act. These are: Provisions for dealing with non-compliance of the orders and directives of the Central Information Commission (CIC) by public authorities- this was missing in the 2012 RTI Rules. Non-compliance is increasingly becoming a major problem- two of my non-compliance cases are...

Dowry over duty: How material greed shattered a seven-year bond

By Archana Kumar*  This account does not seek to expose names or tarnish identities. Its purpose is not to cast blame, but to articulate—with dignity—the silent suffering of a woman who lived her life anchored in love, trust, and duty, only to be ultimately abandoned.

Pairing not with law but with perpetrators: Pavlovian response to lynchings in India

By Vikash Narain Rai* Lynch-law owes its name to James Lynch, the legendary Warden of Galway, Ireland, who tried, condemned and executed his own son in 1493 for defrauding and killing strangers. But, today, what kind of a person will justify the lynching for any reason whatsoever? Will perhaps resemble the proverbial ‘wrong man to meet at wrong road at night!’