India’s Super Rich Population is Exploding!

[Ragnar]

the best transportation system will not have private transport at all, especially silly and vulgar things like motorcycles which are used 99 percent time by [ school/college males, job doing males, criminals ], and these generally have not contributed anything to humanity, and never will.

cell phone... what is needed is internet connection and portable computer, and not a two-way voice machine called cell phone... i have never kept a cell phone, ever since it came to india in 1997 or thereabouts... no person who kept a cell phone has ever really benefited and progressed because of it... and the government could have made internet connection a human right, to be availed for free by anyone over the age of 12.

Yup.. Motorcycles are regularly driven up footpaths- which causes major difficulty to pedestrians. Also ban the old Maruti Omni which is a vehicle purely built for kidnappers. And Cell phones may cause brain tumour. The so called telecom revolution has decimated the livelihoods of STD booth operators. Bring on the revolution..!! If I get 60K per month as unemployment cheque for lying on a couch all day, no questions will be asked.

 

[Abu Zolfiqar]

Though I believe in an individuals undisputed authority to spend his money the way he likes, I also believe that there should be a moral compass to guide his/her/their 'likes'.

cant argue there

 

[jamahir]

Yup.. Motorcycles are regularly driven up footpaths- which causes major difficulty to pedestrians.

and they do it without guilt or concern... so what if someone gets hit on the leg by their motorcycle tyre... for the rider on the footpath, he must get to his destination taking all risks... risk to the pedestrians.

and the younger males ( 14 - 25 ) ride the motorcycle so arrogantly and aggressively... i have seen these fellows do wheelies on busy roads with another fellow hanging behind the rider, in fact some times two... one evening on a busy road i saw two young males on speeding motorcycle with the center stand dragging on the road and sparks flying because of it... and the fellows were laughing... any bump on the road, or a pothole, would have sent their motorcycle spinning and crashing into the passers-by... the two careless swines would have died and so would have others.

and nowadays, there is the silly racer kind of motorcycles, with the front portion sloping down and the back seat high in the air... the already arrogant young male rider looks more arrogant bending down on the handle bar with his arms spread wide... and the backseat rider looks stupid sitting high in the air... and i don't understand how females don't see how stupid they look on that high backseat... and it is unsafe too... any sudden braking, and the high backseat rider will go flying high and far.

plus the silly helmet rule... compulsory for the rider, but not compulsory for the backseat rider or two backseat riders ( as seen often ).

plus, the motorcycle keeps the owner in poverty, whether middle-class or lower-class... how many school/college-student riders or job-doing riders have left behind their inherited poverty...

Also ban the old Maruti Omni which is a vehicle purely built for kidnappers.

yes, another person also remarked to me about this.

And Cell phones may cause brain tumour.

and yet people find excuses to keep cell phone... "oh, it will help in emergencies"... really?? what about passers-by helping out... and what emergency ( by definition, urgent need ) has been taken care of just by having cell phone...

besides, if one is important enough, one will have people to help out... therefore one should always strive to become important.

in my experience, the important people go easy on the cell phone, keeping it aside to concentrate on the face-to-face discussion.

The so called telecom revolution has decimated the livelihoods of STD booth operators.

agreed...

Bring on the revolution..!! If I get 60K per month as unemployment cheque for lying on a couch all day, no questions will be asked.

ah... you see, in libyan jamahiriya, the citizen was expected not to loll around ( ) but contribute in some form... the socialist credo, "from each according to capacity, to each according to need".

not being in employment could mean that one is doing a project by oneself or with others so that one can start a company, or one might be a poet, or one might be a inventor... in all these cases being in employment will disturb the flow of thought in the person, and he by following his ideas ( and not being in employment ) is really doing more for the society than being in employment.

but of course, the libyan jamahiriya citizen has to be ready to defend his society... but what sadly happened in reality in 2011 was that people were so used to living a good life that they were shell-shocked by such a massive nato incursion/invasion.

the mistake in libyan jamahiriya was that the system didn't keep them constantly educated, politically.

 

[Chanakya's_Chant]

@jamahir Just out of curiosity - What are your educational qualifications? Where do you work / In which field are you?

 

[jamahir]

@jamahir Just out of curiosity - What are your educational qualifications? Where do you work / In which field are you?

i dropped out of college in the 10+2 year... i am self-taught, mostly.

i have been a teacher in computer training institution that was connected to a major semi-government institution.

i am presently in computing field ( microprocessor design and portable computer design ).

 

[Joe Shearer]

What we need is a Socialist revolution so that the wealth can be returned to the masses instead of being concentrated in few hands like those that belong to extremely rich guys like @SarthakGanguly and @Joe Shearer .

Both have a jacuzi, a mini bar stocked with the best Cognac in the world and seats made out of the hide of endangered species in their personal limousines and both use a $100 bill as a wet-wipe to clean their hands after dinner !


I'd add @Dillinger to the list purrr as a fellow former Accountant....I know...apniii jaiiib mein tou paisaa hiii nahin hotaaa !

Tere mooh mein ghee shakkar.

What we need is a Socialist revolution so that the wealth can be returned to the masses instead of being concentrated in few hands like those that belong to extremely rich guys like @SarthakGanguly and @Joe Shearer .

Both have a jacuzi, a mini bar stocked with the best Cognac in the world and seats made out of the hide of endangered species in their personal limousines and both use a $100 bill as a wet-wipe to clean their hands after dinner !


I'd add @Dillinger to the list purrr as a fellow former Accountant....I know...apniii jaiiib mein tou paisaa hiii nahin hotaaa !

I don't think a Socialist Revolution is a good idea. I don't think any revolution is a good idea. They just result in a lot more people getting killed than would happen during a transition. There are few revolutions, in addition, that could not have been bettered by their legislated, negotiated version. Not even the American Revolution.

 

[Armstrong]

I don't think a Socialist Revolution is a good idea. I don't think any revolution is a good idea. They just result in a lot more people getting killed than would happen during a transition. There are few revolutions, in addition, that could not have been bettered by their legislated, negotiated version. Not even the American Revolution.

I agree; the ideology of our times has moved beyond 'this ism' vs 'that ism' and instead asks to implement the systems and structures that have proven themselves to work.

 

[SledgeHammer]

@jamahir Just out of curiosity - What are your educational qualifications? Where do you work / In which field are you?

He is allegedly designing a clockless microprocessor!!

 

[Chanakya's_Chant]

Total wealth of India's super rich tops UAE's GDP: 5 facts from Hurun list​

Chairman and Managing Director of Reliance Industries Mukesh Ambani. Reuters​

Despite the subdued economic activity and the stock market downturn the number of Indian individuals with more than Rs 1,600 crore wealth has seen a whopping 34.5 percent in 2015 over the last year, said Hurun Report.

According to the report, the combined wealth of these 296 individuals is a staggering $478 billion, which is 22 percent of India’s GDP last year. More interestingly, this is larger than the GDPs of the UAE, which stood at $402 billion, South Africa ($350 billion) and Singapore ($308 billion).

A 6 percent devaluation of the rupee against the dollar and a lackluster performance of key sectors such as steel, energy and real estate, the average wealth of the richest has declined 7 percent from the last year, the report said.

Though the number of dollar billionaires has risen to 124 from 59 in 2012, when the first such report was published, 36 billionaires have migrated overseas and haev the current status as NRIs.

As many as 13 saw their weakth double over the last year, while 58 saw their wealth declining.

Here are the key takeaways from the report in five graphics:

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Mukesh Ambani of Reliance Industries has retained his position as the richest Indian with a fortune of Rs 1,60,951 crore, down by 3 percent from the last year, said the report.

Dilip Shanghvi (59) of Sun Pharmaceuticals too held on to his second place, though his wealth witnessed a 2 percent decline.

London-based SP Hinduja & Family of the Hinduja Group witnessed a 43 percent rise in their wealth to Rs 1,03,030 crore. They shot up to the third position, from sixth last year. Uday Kotak of the Kotak group broke into the top 10, with his wealth rising 33 percent to Rs 47,608 crore.

Terming Azim Premji of Wipro as "India’s most generous billionaire", the report said he moved down the seventh spot as he has set aside more than half of his wealth for charity by allocating an additional 18 percent stake in the company to fund philanthropy.

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Mumbai continues to be the capital of the India's super rich, as 87 individuals in the list hails from the city. It accounts for 29 percent of the total wealth of the super rich. New Delhi follows with 55 and Bangalore with 23. Interestingly, Dubai accounts for 5 percent of the total wealth of the richest Indians, with Micky Jagtiani being the richest from there.

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SP Hinduja & family is the richest NRI, with LN Mittal, with a fortune of Rs 83,360 crore, a distant second. Further below is Micky Jagtiani of the Landmark group, with a wealth of Rs 30,930 crore. According to the report, the UAE and UK are the capitals for NRIs.

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The fastest wealth growing sector is mobile phones followed by chemicals and leather products. As much as 15 percent of the richest in the list are from the manufacturing sector, followed by pharma and real estate. Other industries that have had a good year include FMCG, jewelry, food & beverage, media and entertainment.

As many as 47 individuals were from the telecom, media and technology sector. Of this, 12 hailed from Bangalore, the technology hub of India. "The fastest riser is Dhiraj Rajaram, of Mu-sigma, who rose up the list by 127 places; Rajaram registered a 490% percent growth in net worth compared to last year. The biggest fall in rank was witnessed by Shobhana Bhartia of Hindustan Times; her rank fell 115 places to 276," the report said.

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The list reflects the rise of the new age sectors in India. According to the report, e-commerce shows 48 percent spike in wealth for existing names.

Similarly, Ola Cabs founders Ankit Bhati, 28, and Bhavish Aggarwal, 29, are the youngest in the list. Both of them have a fortune of Rs 2,385 crore. Flipkart's Binny Bansaal, 34, and Sachin Bansaal, 34, With a welath of Rs 9,010 are the richest from the sun-rise sector.

Among under forty billionaires, the richest are Shivinder Singh and Malvinder Singh of Fortis Healthcare.

With inputs from Kishor Kadam

Source:- Total wealth of India's super rich tops UAE's GDP: 5 facts from Hurun list - Firstpost