Business Standard

Robin Hood Index: What if the richest person paid on govt's behalf?

The Robin Hood Index compares the net worth of each country's wealthiest person to his/her government's spending

Jack Ma and Jeff Bezos  Photo: Tech in Asia
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Jack Ma and Jeff Bezos <b> Photo: Tech in Asia <b>

Marine Strauss and Wei Lu | Bloomberg
How many days could the government keep running if the richest person of each country was paying for it? We created the 2018 Robin Hood Index to delve into the subject.

We took 49 countries with various political regimes and expenditure types and the richest individuals of each of these nations. We then compared their net worth as of end-December 2017 to the daily cost of running each government. By the way, only four out of the 49 on the list are women: in Angola, Australia, Chile and the Netherlands.

The index compares the net worth of each country’s wealthiest

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