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Notably, Savitri Jindal, the chairperson of the Jindal Group and the only woman in the top 10, holds a net worth of 33.06 billion dollars, securing the fourth spot

India's Billionaire Wealth Zooms Past $1 Trillion: What's driving the boom?

Notably, Savitri Jindal, the chairperson of the Jindal Group and the only woman in the top 10, holds a net worth of 33.06 billion dollars, securing the fourth spot

India's wealthiest have just reached a historic milestone! For the first time ever, their combined fortunes have crossed the one trillion dollars mark as per the Fortune India - Waterfield Advisors 2024 ranking. The total wealth of India's billionaires has surged to 1.19 trillion dollars, that's 99.86 lakh crore, that's a massive 50% jump from 832 billion dollars in 2022.In 2022, India had 142 billionaires, collectively worth $832 billion. Fast forward to 2024, and we now have 185 billionaires&mdash;nearly 34% of India&rsquo;s GDP lies in their hands. But where&rsquo;s this massive surge coming from? A big chunk of it is thanks to the equity markets, which have been on fire! From FY23 to FY24, benchmark indices achieved a CAGR of 15.94%. This has played a major role in skyrocketing the wealth of India&rsquo;s richest. So, who&rsquo;s leading the pack? Well, no surprises here. Mukesh Ambani tops the chart with a staggering $10.5 billion dollars in wealth, closely followed by the Adani Group's Gautam Adani. Despite headwinds due to allegations made by US short-seller Hindenburg Research, Adani's wealth nearly doubled in this period to a whopping 10.4 trillion dollars. Besides Ambani and Adani, others in the top 10 list include the Mistry family, Shiv Nadar, Radhakishan Damani, Sunil Mittal &amp; family, and Azim Premji, among others. Notably, Savitri Jindal, the chairperson of the Jindal Group and the only woman in the top 10, holds a net worth of 33.06 billion dollars, securing the fourth spot. Let's also take a look at the key sectors that are powering this surge. Pharmaceuticals, often considered a stable sector, has increased its share from 12.96% in 2022 to 13.34% in 2024, thanks to its role in both local healthcare and global supply chains. The FMCG sector has also booming, with its value rising from 4.72 lakh crore rupees in 2022 to 6.40 lakh crore rupees in 2024. Real estate has also grown significantly, more than doubling from 1.97 lakh crore rupees in 2022 to 4.63 lakh crore rupees in 2024, driven by urbanization and demand for luxury homes. But is the growth of India&rsquo;s economy really benefiting everyone? Or is it mostly enriching those who are already wealthy? Well, the answer is no. The report shows that as the country's economy grows, the benefits are largely going to those at the top. This creates a risk of increased economic inequality, where the richest people continue to gain more power and influence, potentially leaving others behind. It highlights a key issue with India&rsquo;s growth model, which aims for economic success while also seeking social equity. This approach can sometimes lead to wealth becoming concentrated in the hands of a few, rather than being more evenly distributed.

India has 169 billionaires, surpassing several developed countries like Germany, Italy, Canada, the UK, Australia, France, Switzerland, and Japan 

India has more billionaires than several developed countries, ranks 3rd globally: World of Statistics

India has 169 billionaires, surpassing several developed countries like Germany, Italy, Canada, the UK, Australia, France, Switzerland, and Japan&nbsp;

The number of billionaires in India has surpassed several developed countries like Germany, Italy, Canada, the UK, Australia, France, Switzerland, and Japan. As per data from World of Statistics, India has 169 Billionaires which is the third highest in the world.&nbsp;&nbsp;
America has 735 billionaires topping the list, followed by China that has 495 billionaires. As per World Statistics data, among 15 nations with the most number of billionaires, Japan is ranked last with only 40 ultra-rich people.
Russia, Germany, India, China and the U.S. have more than 100 billionaires across the globe. As per Forbes, Mukesh Ambani is the richest person in India with a net worth of $87 billion followed by Gautam Adani and Shiv Nadar. As per reports in India, Mumbai is home to 66 billionaires, 39 live in Delhi and 21 in Bengaluru.&nbsp;
France's Bernard Arnault &amp; family is the richest in the world with a net worth of $236.1 billion. Among the World's top 10 billionaires, seven are from America.

After Hindenburg's report on Jack Dorsey's Block Inc., the billionaires wealth plunged by $526 million on Thursday

Hindenburg report impact: Dorsey's wealth tumbles $526 million

After Hindenburg's report on Jack Dorsey's Block Inc., the billionaires wealth plunged by $526 million on Thursday

After the Hindenburg report on Block Inc., its co-founder Jack Dorsey's wealth plunged by $526 million on Thursday. This is his worst single day decline since May. According to the Bloomberg Billionaires Index the billionaire is now worth $4.4 billion.&nbsp;
Hindenburg released a report on Thursday claiming Block had inflated user metrics, and that the stock has downside of 65% to 75% &ldquo;on a purely fundamental basis.&rdquo; Following the report, Block fell as much as 22% before closing down at 15% on Thursday.&nbsp;
As per Business Standard, Block Inc. has denied the allegations and said that it plans to explore legal action against the short-seller.
Hindenburg's report on Gautam Adani early this year, had sent a tumultuous wave across the Indian market.&nbsp;

The stock decline knocked Zuckerberg down from the 25th richest person in the world to the 29th richest

Mark Zuckerberg lost 61% of his wealth this year; here's how

From 3rd richest to 23rd, Mark Zuckerberg lost 61% of his wealth this year; here's how

From 3rd richest to 23rd, Mark Zuckerberg lost 61% of his wealth

The stock decline knocked Zuckerberg down from the 25th richest person in the world to the 29th richest

Seems like nobody&rsquo;s had the roughest one year than Mark Zuckerberg as the Facebook founder, who now runs the rebranded platform called Meta, has lost the most amount of money than anyone else in the world in that period of time. Mark Zuckerberg&rsquo;s net worth fell $11 billion to $36 billion as the company&rsquo;s shares plummeted a day after it reported dismal quarterly earnings. Not only this, Meta shares fell 25% to $97.94, pushing the stock to its lowest point since December 2016. In its third quarter earnings released, the social media giant reported a 50% decline in profits and revenue sliding by 4%, far below analyst expectations. Zuckerberg holds more than 350 million shares in Meta, according to the company&rsquo;s latest proxy statement. At one point, he was third on the Bloomberg wealth index, trailing only Jeff Bezos and Bill Gates. And today, he ranks at 23rd.

8 minutes and 80 billion wiped out. That's the kind of punch Jerome Powell's speech packed for the markets and the worst hit were the richest. On Friday, the Dow Jones Industrial Average plunged 1,008 points and tech heavy Nasdaq Composite dropped 3.94%. As per data from Bloomberg Elon Musk’s saw $5.5 billion erased from his wealth while next of the rich list Jeff Bezos lost $6.8 billion. The fortunes of Bill Gates and Warren Buffett declined by $2.2 billion and $2.7 billion.With recession talks hovering around the US economy the world's richest have become 'poorer'. The world’s 500 richest people lost $1.4 trillion in the first half of 2022, the steepest six-month drop ever for the wealthiest people on the planet.From the start of the year, the crypto crash has made Binance CEO Changpeng Zhao lose $65.3 billion, Meta founder Mark Zuckerberg is worth a lot less in 2022 as well have shed $65 billion. And it's not just the tech titans losing their pole positions, France's richest person is the chairman of LVMH, Bernard Arnault has lost $40 billion.  

Powell packs a punch: Musk loses $12 bn as billionaires shed $78 billion in total

Powell packs a punch: 8-minute speech wipes off over $80 billion in worth 

8-minute speech wipes off over $80 billion in worth 

Tech stocks took a beating as Fed Chief reminded everyone rates will continue to rise

8 minutes and 80 billion wiped out. That's the kind of punch Jerome Powell's speech packed for the markets and the worst hit were the richest. On Friday, the Dow Jones Industrial Average plunged 1,008 points and tech-heavy Nasdaq Composite dropped 3.94%.&nbsp; As per data from Bloomberg <a href="https://www.editorji.com/business-news/twitter-bot-battle-elon-musk-drags-former-ceo-jack-dorsey-to-court-1661239790710">Elon Musk</a>&rsquo;s saw $5.5 billion erased from his wealth while next of the rich list Jeff Bezos lost $6.8 billion. The fortunes of Bill Gates and Warren Buffett declined by $2.2 billion and $2.7 billion. With recession talks hovering around the US economy the world richest have become 'poorer'. The world&rsquo;s 500 richest people lost $1.4 trillion in the first half of 2022, the steepest six-month drop ever for the wealthiest people on the planet. From the start of the year, the <a href="https://www.editorji.com/business-news/crypto-crackdown-exchanges-under-scrutiny-for-massive-money-laundering-1660186036588">crypto</a> crash has made <a href="https://www.editorji.com/business-news/cryptocurrency/explained-binance-vs-wazirx-the-cryptic-crypto-ownership-the-ed-angle-1659947402046">Binance CEO Changpeng Zhao</a> lose $65.3 billion, Meta founder Mark Zuckerberg is worth a lot less in 2022 as well have shed $65 billion. And it's not just the tech titans losing their pole positions, France's richest person is the chairman of LVMH, Bernard Arnault has lost $40 billion.&nbsp;
Read More:- <a href="https://www.editorji.com/business-news/byju-s-now-questioned-by-the-govt-where-are-your-audited-earnings-1661483473211">Byju's now questioned by the govt: Where are your audited earnings?</a> &nbsp;

Elon&nbsp;Musk, the world's wealthiest man is challenging the United Nations to prove that a one-time give away from the world's uber-rich can solve the world's hunger problem.&nbsp;Musk who is now worth over $300 billion, was responding to comments by David Beasley, director of the UN&rsquo;s World Food Programme, who&nbsp;repeated&nbsp;a call last week following an earlier&nbsp;tweet&nbsp;this month asking billionaires like Musk to &ldquo;step up now, on a one-time basis.&rdquo;&nbsp;Beasley specifically called for action from Musk and Amazon.com co-founder Jeff Bezos, the two men atop the Bloomberg Billionaires Index. Just $6 billion could keep 42 million people from dying, Beasley said.Musk whose wealth swelled by over $9 billion dollars on just Friday challenged this notion on Twitter. The technoking&nbsp;tweeted "If the World Food Programme can describe on this Twitter thread exactly how $6B will solve world hunger, "I will sell Tesla stock right now and do it. But it must be open source accounting, so the public sees precisely how the money is spent.&rdquo;

Musk challenges UN official; 'Explain how $6 billion can solve world hunger.'

Elon Musk says he’ll sell Tesla stock if UN can show how the money will solve world hunger.

Elon Musk vs United Nations: Billionaire asks for proof that $6 bn can solve world hunger

https://twitter.com/elonmusk/status/1454808104256737289?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1454808104256737289%7Ctwgr%5E%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.afr.com%2Fworld%2Fnorth-america%2Felon-musk-says-he-ll-donate-8b-to-end-world-hunger-on-one-condition-20211101-p594tf

Musk: Will sell Tesla stock if UN can show how the money will solve world hunger

Elon&nbsp;Musk, the world's wealthiest man is challenging the United Nations to prove that a one-time give away from the world's uber-rich can solve the world's hunger problem.&nbsp; Musk who is now worth over $300 billion, was responding to comments by David Beasley, director of the UN&rsquo;s World Food Programme, who&nbsp;repeated&nbsp;a call last week following an earlier&nbsp;tweet&nbsp;this month asking billionaires like Musk to &ldquo;step up now, on a one-time basis.&rdquo;&nbsp; Beasley specifically called for action from Musk and Amazon.com co-founder Jeff Bezos, the two men atop the Bloomberg Billionaires Index. Just $6 billion could keep 42 million people from dying, Beasley said. Musk whose wealth swelled by over $9 billion dollars on just Friday challenged this notion on Twitter. The technoking&nbsp;tweeted "If the World Food Programme can describe on this Twitter thread exactly how $6B will solve world hunger, "I will sell Tesla stock right now and do it. But it must be open source accounting, so the public sees precisely how the money is spent.&rdquo;

The chairman of Reliance Industries is now worth $102 billion, equalling and edging past Warren&nbsp;Buffett&rsquo;s&nbsp;as of Thursday, according to the Bloomberg Billionaires Index.
Ambani&rsquo;s wealth has jumped $25 billion this year alone as he became the only Asian tycoon in the exclusive club of the world&rsquo;s top 10 richest people. To put it in perspective, Mukesh&nbsp;Ambani's&nbsp;net worth equals the economy of Morocco and the gain in just this year is the GDP of Iceland.&nbsp;
Shares of Ambani&rsquo;s conglomerate have almost tripled since the low in March 2020 as shareholders enjoyed the rally backed by $40 billion plus investment into Jio, a stake sale to oil giant Aramco and the big green push from India's biggest company.&nbsp;
&nbsp;

Mukesh Ambani now richer than Warren Buffet, in the top 10 billionaires

Ambani’s wealth has jumped $25 billion this year alone as he became the only Asian tycoon in the exclusive club of the world’s top 10 richest people

It's early Diwali for Mukesh Ambani, wealth up $25 billion this year

Thinking cues&nbsp; - Need smiling close shots of mukesh to start with with transition slide to warren buffet ..&nbsp; -&nbsp; Establish shot of ambani&nbsp;then can show like dollars falling or printing .. - for the put in perspective think how you want to represent this... it can just have map still of the countries with some text (think about it) - Have to use stock line chart from the , please ensure the shots match the vo in the last line.

Ambani's wealth top $100 billion, now in the top 10 of the world's richest people.&nbsp;

Mukesh&nbsp;Ambani, the chairman of Reliance Industries is now worth $102 billion, equalling and edging past Warren&nbsp;Buffett&rsquo;s&nbsp;wealth kitty as of Thursday, according to the Bloomberg Billionaires Index.
Ambani&rsquo;s wealth has jumped $25 billion this year alone as he became the only Asian tycoon in the exclusive club of the world&rsquo;s top 10 richest people. To put it in perspective, Mukesh&nbsp;Ambani's&nbsp;net worth equals the economy of Morocco and the gain in just this year is the GDP of Iceland.
Also watch:&nbsp;<a title="Mukesh Ambani's green shopping bag has two new investments ... again" href="https://www.editorji.com/business-news/mukesh-ambani-s-green-shopping-bag-has-two-new-investments-again-1634104001951">Mukesh Ambani's green shopping bag has two new investments ... again</a>&nbsp;
Shares of Ambani&rsquo;s conglomerate have almost tripled since the low in March 2020 as shareholders enjoyed the rally backed by $40 billion plus investment into Jio, a stake sale to oil giant Aramco and the big green push from India's biggest company.&nbsp;
&nbsp;

It is a big billion dollar boys club and RIL&nbsp;chief Mukesh&nbsp;Ambani&nbsp;is now part of the clique! Gaining nearly $24 billion to this wealth kitty in this year alone Ambani&nbsp;is now worth over $100,000,000,000.&nbsp;The $100 billion club has only 11 exclusive members ranging from tech giants&nbsp;Elon&nbsp;Musk, Jeff Bezos&nbsp;to legendary investor Warren Buffet. In fact, there are only two non-US billionaires&nbsp;in the list Mukesh&nbsp;Ambani&nbsp;(11) and France's richest person&nbsp;Bernard Arnault, Chairman of LVMH,&nbsp;the world's largest maker of luxury goods.Ranked at number 11 on the overall Bloomberg&nbsp;Billionaire Index Mukesh&nbsp;Ambani is just one rank and $3 billion behind the 'Oracle of Omaha' Buffet.&nbsp;The meteoric rise in Ambani's wealth is not something the Reliance Chairman is enjoying alone. With the stock gaining over 45% this year (which is his largest asset), shareholders on Dalal&nbsp;Street have seen portfolio returns swell as the scrip trades near record highs.&nbsp;

Mukesh Ambani now worth over 100 billion dollars! Just one rank below Warren Buffet in rich list

Mukesh Ambani, joins the world’s most exclusive wealth club with a fortune of at least $100 billion, just a rank behind Warren Buffett. 



Mukesh Ambani in the 100 billion dollar boys club

Mukesh Ambani's&nbsp;wealth has more than doubled in the last 3 years.&nbsp;

It is a big billion dollar boys club and RIL&nbsp;chief Mukesh&nbsp;Ambani&nbsp;is now part of the clique! Gaining nearly $24 billion to this wealth kitty in this year alone Ambani&nbsp;is now worth over $100,000,000,000.&nbsp; The $100 billion club has only 11 exclusive members ranging from tech giants&nbsp;Elon&nbsp;Musk, Jeff Bezos&nbsp;to legendary investor Warren Buffet. In fact, there are only two non-US billionaires&nbsp;in the list Mukesh&nbsp;Ambani&nbsp;(11) and France's richest person&nbsp;Bernard Arnault, Chairman of LVMH,&nbsp;the world's largest maker of luxury goods.
Also watch:&nbsp;<a title="Byju&rsquo;s pulls ads featuring Shah Rukh Khan amid Aryan Khan's drug case" href="https://www.editorji.com/business-news/byju-s-pulls-ads-featuring-shah-rukh-khan-amid-aryan-khan-s-drug-case-1633758681434">Byju&rsquo;s pulls ads featuring Shah Rukh Khan amid Aryan Khan's drug case</a> Ranked at number 11 on the overall Bloomberg&nbsp;Billionaire Index Mukesh&nbsp;Ambani is just one rank and $3 billion behind the 'Oracle of Omaha' Buffet.&nbsp; The meteoric rise in Ambani's wealth is not something the Reliance Chairman is enjoying alone. With the stock gaining over 45% this year (which is his largest asset), shareholders on Dalal&nbsp;Street have seen portfolio returns swell as the scrip trades near record highs.&nbsp;

$6,000,000,000 that is how much the Facebook&nbsp;outage cost founder Mark Zuckerberg. One of of the world's richest men saw his personal wealth erode by more than $6 billion in a few hours after a whistleblower came forward and outages took Facebook's&nbsp;platform and&nbsp;flagship products whatsapp&nbsp;and instagram&nbsp;offline.
A selloff&nbsp; in the stock sent the social-media giant&rsquo;s stock plummeting nearly 5%. Facebook&nbsp;stock is down 15% in the last 3 weeks.&nbsp;The stock slide on Monday sent Zuckerberg&rsquo;s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the&nbsp;Bloomberg Billionaires IndexZuckerberg's&nbsp;wealth is down $20 billion since July due to the fall in Facebook's&nbsp;stock, which is his largest asset.&nbsp;

Facebook outage and concerns cost Mark Zuckerberg $20 billion dollars

Facebook outage and concerns cost Mark Zuckerberg $6 billion dollars

Zuckerberg's&nbsp;wealth is down $20 billion since July due to the fall in Facebook's&nbsp;stock, which is his largest asset.&nbsp;

$6,000,000,000 that is how much the Facebook&nbsp;outage cost founder Mark Zuckerberg&nbsp;in just one day.&nbsp;Zuckerberg's&nbsp;wealth is down $20 billion since September 10, every since the concerns emerging from a whistleblower&nbsp;complaint has weighed on the stock&nbsp;, which is the founder's largest asset.&nbsp; One of of the world's richest men saw his personal wealth erode by more than $6 billion in a few hours after a whistleblower came forward and outages took Facebook's&nbsp;platform and&nbsp;flagship products whatsapp&nbsp;and instagram&nbsp;offline. Facebook has been under fire after WSJ published a series of stories based on Facebook internal communications that revealed that&nbsp; the social media company contributed to increased polarisation online when it made changes to its content algorithm, failed to take steps to reduce vaccine hesitancy and was aware that&nbsp;Instagram&nbsp;harmed the mental health of teenage girls. A selloff&nbsp; in the stock sent the social-media giant&rsquo;s stock plummeting nearly 5%. Facebook&nbsp;stock is down 15% in the last 3 weeks.&nbsp;The stock slide on Monday sent Zuckerberg&rsquo;s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the&nbsp;Bloomberg Billionaires Index

Here are the top 3 winners in the riches to rags list for the year from the Mainland

Riches to 'Rags': Meet the top 5 Chinese billionaires who have lost $10 billion this year

Riches to 'Rags': Meet the top 3 Chinese billionaires who have lost $60 billion this year

Riches to 'Rags': Meet the top 3 Chinese billionaires who has bleeding

Billionaires in the Mainland&nbsp;lost over $100 billion in just the first 9 months of this year.

China's crackdown has bled the billionaires in the Mainland with a total loss of over $100 billion in just the first 9 months of this year. China has clamped down on industries across the board, from e-commerce,&nbsp;auto, tech to education and it's showing up as a sea of red on the Bloomberg's&nbsp;Billionaire Index. Of the 10 billionaires with the biggest net worth declines this year, six are from China.
Here are the top 3 'winners' in the riches to 'rags' list for the year from the Mainland
1. Meet&nbsp;Colin Huang, he has lost over $27,000,000,000 this year. That is equal to the entire marketcap&nbsp;of India's largest auto maker Maruti. Colin Huang is the founder of Pinduoduo, the fastest growing big e-commerce operator in China.
As the Chinese government takes on a hard stance on tech and peers like Alibaba,&nbsp;Huang faced the worst ever drop in the Billionaire's Index.&nbsp;But even with the crash&nbsp;the e-commerce&nbsp;king in China is still worth&nbsp;$35.5 bn and ranked the 38th richest man on the planet.&nbsp;
2. Bottled water billionaire&nbsp;Zhong Shanshan&nbsp;also is facing a falling bank account. Even with $16 billion loss in wealth&nbsp;this year,&nbsp;Zhong&nbsp;remains the richest man in China with global rank of 19 and total fortune of over $64 billion dollars. That's enought to buy 11 lakh kilos of gold!&nbsp;
3. Hui Ka Yan&nbsp;chairman and largest shareholder of China Evergrande Group has made global news as the real estate major sparked fears of defaulting on&nbsp;$300 billion worth of debt. Losing 68% of his wealth which amounts to a $ 15.8 billion drop as of September 19, many expect the hit to continue.&nbsp;Yan&nbsp;currently worth $7 billion has faced a drop of $33 billion from his peak wealth in 2017.
As per bloomberg&nbsp;the eccentric billionaire fines staff $3,281 for not answering his call after three rings.

Clean energy is paying off in a big way, Tesla's battery partner Robin Zeng Yuqun&nbsp;is now Asia's fifth richest person worth&nbsp;$49.5 billion and also the 25th richest in the world&nbsp;according to Forbes.&nbsp;Zeng's&nbsp;wealth has now surpassed Jack Ma.&nbsp;
Zeng Yuqun&nbsp;is&nbsp;the founder of the world&rsquo;s biggest electric-vehicle battery maker CATL&nbsp;that commands a 30% share in the market. As per data on Bloomberg&nbsp;global electric-vehicle battery sales more than doubled in the first five months of this year.&nbsp;A close business associate to Musk, Zeng&nbsp;also has&nbsp;BMW AG and Volkswagen AG among its customers. In the last 3 years the stock of CATL&nbsp;has gone up 20 times as the bet of clean energy in China rises.&nbsp;Read/Watch Also: Electric Scooter ride just got faster in India with Ola&nbsp;

Meet Asia's first clean energy billionaire, Tesla's battery partner now Asia's 5th richest person

Meet the clean energy billionaire who is now richer than Jack Ma, and he has Elon&nbsp;Musk to thank!

Tesla has made this man richer than Jack Ma

Robin Zeng Yuqun, founder and chairman of leading Chinese electric vehicle battery manufacturer Contemporary Amperex Technology (CATL)&nbsp; has become the 25th richest person in the world.&nbsp;

Clean energy is paying off in a big way, Tesla's battery partner Robin Zeng Yuqun&nbsp;is now Asia's fifth richest person worth&nbsp;$49.5 billion and also the 25th richest in the world&nbsp;according to Forbes.&nbsp;Zeng's&nbsp;wealth has now surpassed Jack Ma.&nbsp;
Zeng Yuqun&nbsp;is&nbsp;the founder of the world&rsquo;s biggest electric-vehicle battery maker CATL&nbsp;that commands a 30% share in the market. As per data on Bloomberg&nbsp;global electric-vehicle battery sales more than doubled in the first five months of this year.&nbsp; A close business associate to Musk, Zeng&nbsp;also has&nbsp;BMW AG and Volkswagen AG among its customers. In the last 3 years the stock of CATL&nbsp;has gone up 20 times as the bet of clean energy in China rises.&nbsp; Read/Watch Also: <a href="https://www.edtr.ai/9sq3">Electric Scooter ride just got faster in India with Ola&nbsp;</a>

Adani&nbsp;Enterprises stock has returned over 250% to shareholders over the last 6 months and reports indicate the group is ready to unlock more value via unit sales and IPO.&nbsp;As per reports Gautam&nbsp;Adani&nbsp;backed corporation has begun preliminary talks to separate its airport business from holding entity&nbsp;Adani Enterprises.&nbsp;Adani&nbsp;currently controls Mumbai airport along with&nbsp;six regional facilities, and is likely to&nbsp;targeting a valuation of Rs 25,500-29,200 cr for the business.&nbsp;
Adani&nbsp;group stocks have been surging adding billions to Gautam&nbsp;Adani's networth&nbsp;making him the 14th richest man in the world.&nbsp;As per calculation done by Bloomberg&nbsp;Gautam Adani added Rs 75 cr&nbsp;to his wealth every hour in 2021.&nbsp;

Adani stock up 250% in 6 months, more to come

250% up in 6 months, Adani&nbsp;Enterprises is set to unlock the next big value boost to shareholders.&nbsp;

250% up in 6 months, this stock has more value unlocking coming

Adani&nbsp;Enterprises stock has returned over 250% to shareholders over the last 6 months and reports indicate the group is ready to unlock more value via unit sales and IPO.&nbsp; As per reports Gautam&nbsp;Adani&nbsp;backed corporation has begun preliminary talks to separate its airport business from holding entity&nbsp;Adani Enterprises.&nbsp;Adani&nbsp;currently controls Mumbai airport along with&nbsp;six regional facilities, and is likely to&nbsp;targeting a valuation of Rs 25,500-29,200 cr for the business.&nbsp;
Adani&nbsp;group stocks have been surging adding billions to Gautam&nbsp;Adani's networth&nbsp;making him the 14th richest man in the world.&nbsp;As per calculation done by Bloomberg&nbsp;Gautam Adani added Rs 75 cr&nbsp;to his wealth every hour in 2021.&nbsp;

The Technoking of Tesla is going further away from the throne in the billionaires list. Elon Musk&rsquo;s fortune has dropped about $9.1 billion this year, the most among U.S.-based billionaires tracked by Bloomberg&rsquo;s wealth index. Musk is now third on the billionaire list as he got pipped&nbsp;by Louis&nbsp;Vuitton Chairman Bernard Arnault. The luxury brand chief has seen his fortune surge by almost $47 billion to $161.2 billion as sales in&nbsp;China and other parts of Asia have soared.&nbsp;makers.
Musk now has a fortune of $160.6 billion, down 24% from its January high.&nbsp;

Musks moves to third place in billionaire list as fortune drops by $9 billion

Musks moves to third place in billionaire list as fortune drops by $9 billion, Louis Vuitton&nbsp;chief back in style at number two

Musk loses billions as Tesla shares drop 30% this year

The Technoking of Tesla is going further away from the throne in the billionaires list. Elon Musk&rsquo;s fortune has dropped about $9.1 billion this year, the most among U.S.-based billionaires tracked by Bloomberg&rsquo;s wealth index. Musk is now third on the billionaire list as he got pipped&nbsp;by Louis&nbsp;Vuitton Chairman Bernard Arnault. The luxury brand chief has seen his fortune surge by almost $47 billion to $161.2 billion as sales in&nbsp;China and other parts of Asia have soared.
Musk now has a fortune of $160.6 billion, down 24% from its January high. &nbsp;

Buffett founded Berkshire Hathway saw shares close at a record high of over $400,000, sending the Oracle of Omaha&rsquo;s wealth over the $100 bn mark.&nbsp;
Buffett owns nearly 250,000 Class A shares of Berkshire after donating a large part to various charities over the last 15 years. According to Giving Pledge Warren Buffett has donated over $37 billion since 2006.&nbsp; If we included the value of the charity Warren Buffett would be worth over $190 bn today.&nbsp;
Data collected by Bloomberg shows that the 500 richest people in the world gained $1.9 trillion dollars in the last year.&nbsp;

Buffett joins $100 billion club 

Buffett founded Berkshire Hathway saw shares close at a record high of over $400,000, sending the Oracle of Omaha&rsquo;s wealth over the $100 bn mark.&nbsp;
Buffett owns nearly 250,000 Class A shares of Berkshire after donating a large part to various charities over the last 15 years. According to Giving Pledge Warren Buffett has donated over $37 billion since 2006.&nbsp; If we included the value of the charity Warren Buffett would be worth over $190 bn today.&nbsp;
Data collected by Bloomberg shows that the 500 richest people in the world gained $1.9 trillion dollars in the last year.&nbsp;

A new tax proposal in the US, The Ultra-Millionaire Tax Act would&nbsp;raise the tax bill for the billionaires significantly.&nbsp;The act proposes an annual levy&nbsp;of 2%&nbsp;tax&nbsp;on wealth over $50 million and 3% on wealth over $1 billion.&nbsp;
So&nbsp;if this act was to become law, here is what the Ultra-Millionaires&nbsp; tax&nbsp;bill would look like for 2020-:&nbsp;

Jeff Bezos would owe $5.7 billion&nbsp;&nbsp;
Elon Musk would owe $4.6 billion&nbsp;
Bill Gates would have to pay $3.6 billion&nbsp;
Mark&nbsp;Zucherberg&nbsp;would have to pay $3 billion&nbsp;

As per a report 650 billionaires in the US have a&nbsp;collective wealth of more than $4.2 trillion, in&nbsp;fact&nbsp;30% of the wealth tax would be paid by the 15 richest Americans, who combined have a fortune of more than $2.1 trillion.

Taxing times for Musk, Bezos, Gates and other ultra-millionaires 

A new tax proposal in the US, The Ultra-Millionaire Tax Act would&nbsp;raise the tax bill for the billionaires significantly.&nbsp;The act proposes an annual levy&nbsp;of 2%&nbsp;tax&nbsp;on wealth over $50 million and 3% on wealth over $1 billion.&nbsp;
 So&nbsp;if this act was to become law, here is what the Ultra-Millionaires&nbsp; tax&nbsp;bill would look like for 2020-:&nbsp;
<ul>
<li>Jeff Bezos would owe $5.7 billion&nbsp;&nbsp;</li>
<li>Elon Musk would owe $4.6 billion&nbsp;</li>
<li>Bill Gates would have to pay $3.6 billion&nbsp;</li>
<li>Mark&nbsp;Zucherberg&nbsp;would have to pay $3 billion&nbsp;</li>
</ul>
As per a report 650 billionaires in the US have a&nbsp;collective wealth of more than $4.2 trillion, in&nbsp;fact&nbsp;30% of the wealth tax would be paid by the 15 richest Americans, who combined have a fortune of more than $2.1 trillion.

Taxing times for Musk, Bezos, Gates and other ultra-millionaires?

A new tax proposal in the US, The Ultra-Millionaire Tax Act would&nbsp;raise the tax bill for the billionaires significantly.&nbsp;The act proposes an annual levy&nbsp;of 2%&nbsp;tax&nbsp;on wealth over $50 million and 3% on wealth over $1 billion.&nbsp;
 So&nbsp;if this act was to become law, here is what the Ultra-Millionaires&nbsp; tax&nbsp;bill would look like for 2020-:&nbsp;
Jeff Bezos would owe $5.7 billion&nbsp;&nbsp; Elon Musk would owe $4.6 billion&nbsp; Bill Gates would have to pay $3.6 billion&nbsp; Mark&nbsp;Zuckerberg&nbsp;would have to pay $3 billion&nbsp;
 As per a report 650 billionaires in the US have a&nbsp;collective wealth of more than $4.2 trillion, in&nbsp;fact&nbsp;30% of the wealth tax would be paid by the 15 richest Americans, who combined have a fortune of more than $2.1 trillion.

A new tax proposal in the US, The Ultra-Millionaire Tax Act would&nbsp;raise the tax bill for the billionaires significantly.&nbsp;The act proposes an annual levy&nbsp;of 2%&nbsp;tax&nbsp;on wealth over $50 million and 3% on wealth over $1 billion.&nbsp;
 So&nbsp;if this act was to become law, here is what the Ultra-Millionaires&nbsp; tax&nbsp;bill would look like for 2020-:&nbsp;
<ul>
<li>Jeff Bezos would owe $5.7 billion&nbsp;&nbsp;</li>
<li>Elon Musk would owe $4.6 billion&nbsp;</li>
<li>Bill Gates would have to pay $3.6 billion&nbsp;</li>
<li>Mark&nbsp;Zuckerberg&nbsp;would have to pay $3 billion&nbsp;</li>
</ul>
As per a report 650 billionaires in the US have a&nbsp;collective wealth of more than $4.2 trillion, in&nbsp;fact&nbsp;30% of the wealth tax would be paid by the 15 richest Americans, who combined have a fortune of more than $2.1 trillion.

As per&nbsp;Hurun&nbsp;Global Rich List, India has added 40 new billionaires in 2020 taking the total toll from the sub-continent to 177. This does not include the&nbsp;additional 32 Indian-origin billionaires across the world.&nbsp;&nbsp;
Mukesh Ambani&nbsp;holds pole post as&nbsp;India&rsquo;s richest man&nbsp;with his wealth rising 24% in 2020 totaling to $83 billion and also making him the eighth richest man&nbsp;globally.&nbsp;&nbsp;
The Shanghai based report also stated that China surpassed the US to become home to&nbsp;the most&nbsp;number of billionaires in the world. While India with&nbsp;177 billionaires&nbsp;is the third highest in the world.&nbsp;&nbsp;

India adds 40 new billionaires, Mukesh Ambani's wealth soars to $83 bn

India's billionaires club just got bigger.&nbsp;India has added 40 new billionaires in 2020 taking the total toll from the sub-continent to 177

India adds 40 new billionaires , home to 177 billionaires

As per&nbsp;Hurun&nbsp;Global Rich List, India has added 40 new billionaires in 2020 taking the total toll from the sub-continent to 177. This does not include the&nbsp;additional 32 Indian-origin billionaires across the world.&nbsp;&nbsp;
 Mukesh Ambani&nbsp;holds pole post as&nbsp;India&rsquo;s richest man&nbsp;with his wealth rising 24% in 2020 totaling to $83 billion and also making him the eighth richest man&nbsp;globally.&nbsp;&nbsp;
 The Shanghai based report also stated that China surpassed the US to become home to&nbsp;the most&nbsp;number of billionaires in the world. While India with&nbsp;177 billionaires&nbsp;is the third highest in the world.&nbsp;&nbsp;

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