Forbes magazine is famous for its annual listing of Billionaires, world over their annual update is eagerly awaited.
This year there were lot of questions and doubts, as due to falling petrol prices, weak Euro and gloom in trade and business world wide , people were expecting reduction in the net worth of Billionaires as well as less no of Billionaires . But the year has proved that real business leaders know their way around even in difficult times. In fact, this year there are total 1,826 billionaires in numbers and their aggregating wealth $7.1 trillion, up from last year's figure $6.4 trillions. No surprise Chinese Internet Wizard Jack Ma of Alibaba jumped so high, placed 33 in the Top 50 with his US$22.7 billions. The youngest in the Top 50 is Mark Zuckerberg, the 30 year old's fortune currently stands at $33 billion. Another online sale Moughal Jeff Bezos of Amazon is placed 15 with his $34.8 billion kitty , probably he will be mentioned in the history of trade and business to change the way people buy or sale.
India has fared better this year in the list. Now we have 90 Billionaires, adding 33 more in the last years' number. In fact India surpassed Russia , it boasts more Billionaires than Russia. But the real competition for India is from the other fastly emerging economy i.e. China, it has in all 213 names in the list, interesting part is the both China and India have 3 businessman each in the Top 50 list. Three Indians who made their place in top 50 are Mukesh Ambani of Reliance, Dilip Sanghvi of Sun Pharmacutical and Azim Premji of WIPRO.
Though it is not necessary that in case there are few industry leaders or individuals find place in this Billionaire Club, there is an indication that country's economy is doing well, because there are three names in the list from Greece but the country's economy is facing down turn. But in case the industry leaders are adding in the club every year, it indicate that the economy is also growing. Take the case of China, this year 213 names surfaced in the list, 60 more than last years' tally, ultimately that wealth has some distribution to the nationals in the form of addition in employment opportunity, import substitution, exports.
While the list contains names from the countries, with minuscule population and probably you might have not heard their names such like St Kitts ( population 54,800), Swaziland ( population 10,00,000) and Guernsey (population 10,00,000) but no name from countries like Pakistan with population 19 Crore, it speaks volumes on its dwindling economy. There may be 100 reasons for it, the country is ruled by radicals whose only agenda is to make it a pure Islamic nation and they hardly bother to improve their trade and economy. On the contrary, in India, despite allegations from various quarters for religious, caste or regional bias, most of the regions, castes - communities, religions did find place in the Billionaires club. Another interesting aspect is that many names in the list did not have any prior business experience or come from traditional business families or received any bounty in inheritance. Take case of Subash Runwal, he landed in Mumbai with Rs 100 in his pocket, started as an executive with a company, in the year 1978 he came in construction business , and now own a construction empire or for that matter Micky Jagtiani, a school drop out, who initially cleaned hotel rooms, drove a cab in London, now own US$ 5.2 billions.
I have my own reservation that with the growing number of Indians in Billionaires Club will improve state of common people in the country, but their stories inspires many entrepreneurs to take new challenges.
This year there were lot of questions and doubts, as due to falling petrol prices, weak Euro and gloom in trade and business world wide , people were expecting reduction in the net worth of Billionaires as well as less no of Billionaires . But the year has proved that real business leaders know their way around even in difficult times. In fact, this year there are total 1,826 billionaires in numbers and their aggregating wealth $7.1 trillion, up from last year's figure $6.4 trillions. No surprise Chinese Internet Wizard Jack Ma of Alibaba jumped so high, placed 33 in the Top 50 with his US$22.7 billions. The youngest in the Top 50 is Mark Zuckerberg, the 30 year old's fortune currently stands at $33 billion. Another online sale Moughal Jeff Bezos of Amazon is placed 15 with his $34.8 billion kitty , probably he will be mentioned in the history of trade and business to change the way people buy or sale.
India has fared better this year in the list. Now we have 90 Billionaires, adding 33 more in the last years' number. In fact India surpassed Russia , it boasts more Billionaires than Russia. But the real competition for India is from the other fastly emerging economy i.e. China, it has in all 213 names in the list, interesting part is the both China and India have 3 businessman each in the Top 50 list. Three Indians who made their place in top 50 are Mukesh Ambani of Reliance, Dilip Sanghvi of Sun Pharmacutical and Azim Premji of WIPRO.
Though it is not necessary that in case there are few industry leaders or individuals find place in this Billionaire Club, there is an indication that country's economy is doing well, because there are three names in the list from Greece but the country's economy is facing down turn. But in case the industry leaders are adding in the club every year, it indicate that the economy is also growing. Take the case of China, this year 213 names surfaced in the list, 60 more than last years' tally, ultimately that wealth has some distribution to the nationals in the form of addition in employment opportunity, import substitution, exports.
While the list contains names from the countries, with minuscule population and probably you might have not heard their names such like St Kitts ( population 54,800), Swaziland ( population 10,00,000) and Guernsey (population 10,00,000) but no name from countries like Pakistan with population 19 Crore, it speaks volumes on its dwindling economy. There may be 100 reasons for it, the country is ruled by radicals whose only agenda is to make it a pure Islamic nation and they hardly bother to improve their trade and economy. On the contrary, in India, despite allegations from various quarters for religious, caste or regional bias, most of the regions, castes - communities, religions did find place in the Billionaires club. Another interesting aspect is that many names in the list did not have any prior business experience or come from traditional business families or received any bounty in inheritance. Take case of Subash Runwal, he landed in Mumbai with Rs 100 in his pocket, started as an executive with a company, in the year 1978 he came in construction business , and now own a construction empire or for that matter Micky Jagtiani, a school drop out, who initially cleaned hotel rooms, drove a cab in London, now own US$ 5.2 billions.
I have my own reservation that with the growing number of Indians in Billionaires Club will improve state of common people in the country, but their stories inspires many entrepreneurs to take new challenges.
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| Micky Jagtiani |
.jpg "A Gumnam Actress Strips Nude to Protest Auto/taxi Fare Hike")
