Page 3 - Billionaires Wealth
How to generate wealth? 50% equity and 50% debt, says Motilal Oswal
The underlying asset classes for the analysis include Indian Equity, US Equity, Long Maturity Debt, Short Maturity Debt and Gold, all in rupee terms.
 "How to generate wealth? 50% equity and 50% debt, says Motilal Oswal")
Asian Paints co-founder & non-executive director Ashwin Dani passes away
Dani embarked on his career in 1967 as a Development Chemist with Inmont Corp, now known as BASF, an industrial coatings manufacturer based in Detroit, USA
 "Asian Paints co-founder & non-executive director Ashwin Dani passes away")
What are luxury investments? Where do the rich invest their money?
Overall, the luxury goods basket grew seven per cent, providing 'credible' returns for ultra high net worth individuals
 "What are luxury investments? Where do the rich invest their money?")
Billionaire MLAs: Karnataka tops, 223 netas have an average of Rs 64.4 cr
Following Karnataka, Andhra Pradesh has 174 MLAs with an average of Rs 28.24 crore, and Maharashtra has 284 MLAs with an average of Rs 23.51 crore.
 "Billionaire MLAs: Karnataka tops, 223 netas have an average of Rs 64.4 cr")
India to have over 7,000 more ultra-rich individuals by 2027: Knight Frank
The number of those with a net worth of and above $30 million in India will be 19,119 in 2027
 "India to have over 7,000 more ultra-rich individuals by 2027: Knight Frank")
Gautam Adani now no longer among world's top 10 richest billionaires
In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list
 "Gautam Adani now no longer among world's top 10 richest billionaires")
As wealth inequality grows, is it time for an Indian inheritance tax?
Country had had 20 billionaires at the last count: more than some other major economies
 "As wealth inequality grows, is it time for an Indian inheritance tax?")
Misfortune: Musk creates Guinness World Record for losing personal wealth
The change in Musk's fortune saw him losing the title of the world's richest person to Bernard Arnault (France)
 "Misfortune: Musk creates Guinness World Record for losing personal wealth")
India's billionaire club shrinks to 120, Gautam Adani tops rich list
In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago
 "India's billionaire club shrinks to 120, Gautam Adani tops rich list")
Elon Musk's net worth sinks to two-yr low as Twitter CEO loses $7.7 billion
The selloff adds to the woes of Musk, who lost his status as the world's richest person to luxury tycoon Bernard Arnault on Dec. 13
 "Elon Musk's net worth sinks to two-yr low as Twitter CEO loses $7.7 billion")
Elon Musk no longer world's richest man after losing $100 bn in net worth
Elon Musk, who saw his net worth tumble by more than $100 billion in 2022, has been replaced by Bernard Arnault, the chief executive of Louis Vuitton's parent company LVMH, as the world's richest man
 "Elon Musk no longer world's richest man after losing $100 bn in net worth")
12 Indians have a net worth of more than Rs 1 trillion, shows a new report
The IIFL Wealth Hurun India Rich List 2022 showed that 100 start-up founders in India have a net worth of more than $10 billion
 "12 Indians have a net worth of more than Rs 1 trillion, shows a new report")
Gautam Adani becomes world's third-richest person, first Asian to do so
It's the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index -- fellow citizen Mukesh Ambani and China's Jack Ma never made it that far
 "Gautam Adani becomes world's third-richest person, first Asian to do so")
Radhakishan Damani to be the main trustee of Jhunjhunwala's investments
Rakesh Jhunjhunwala, who passed away on August 14, is said to have 'meticulously' planned everything about his wealth as he had been sick for over 8 months
 "Radhakishan Damani to be the main trustee of Jhunjhunwala's investments")
Musk, Bezos lose $60 bn of their wealth in first six months of 2022
Despite losing $61.8 billion, Elon Musk has the biggest fortune with $208.5 billion
 "Musk, Bezos lose $60 bn of their wealth in first six months of 2022")
Mukesh Ambani surpasses Gautam Adani, becomes Asia's richest man again
Reliance Industries chairman Mukesh Ambani's net worth was $99.7 billion as of June 3, according to Bloomberg's Billionaires Index
 "Mukesh Ambani surpasses Gautam Adani, becomes Asia's richest man again")
WEF 2022: Oxfam calls for wealth tax to benefit women in informal sectors
During a session on gender parity at the WEF 2022 at Davos, Bucher noted that billionaire wealth has risen greatly during the two years of the pandemic
 "WEF 2022: Oxfam calls for wealth tax to benefit women in informal sectors")
Wealth-income mismatch: The curious case of India's missing millionaires
While India had 764,000 dollar-millionaires in 2019 by one account, just 316,000 filed tax returns declaring income of over $75,000. Large-scale I-T evasion may still be taking place, notes T N Ninan
Asia's 20 richest families control nearly $495 billion, shows data
The Ambanis, Hartonos and Mistrys lead Asia's wealthiest clans
 "Asia's 20 richest families control nearly $495 billion, shows data")
Tax billionaires to fund Covid vaccines for poor hit by pandemic: Oxfam
Anti-poverty organisation Oxfam called for governments to impose a one-time 99% tax on the world's billionaires and use the money to fund expanded production of vaccines for the poor
 "Tax billionaires to fund Covid vaccines for poor hit by pandemic: Oxfam")
