Page 2 - Wealth

State of the Indian economy: Unequal, uneven distribution of wealth

The income gap between states is growing and the pain of inflation is worse for those falling behind

Mark Zuckerberg risks $24-bn wealth wipeout after Meta misses estimates

Meta's share price was down about 20% in after-hours trading on Wednesday.

Collective wealth of top 500 billionaires soared more than $1 trn in 2021

The gains mean there are now a record 10 fortunes in excess of $100 billion, more than 200 above $10 billion

Global wealth surges as China overtakes US as world's richest nation

Net worth worldwide rose to $514 trillion in 2020, from $156 trillion in 2000, according to the study. China accounted for almost one-third of the increase.

Decoded: Why 'Pandora Papers' leak is crucial from India's perspective

350 Indian names have cropped up in the latest leak

'Pandora Papers' expose offshore financial dealings of hundreds of Indians

More than 300 Indian names are part of the list.

MacKenzie Scott donates $2.7 bn more within a year, blasts wealth gap

Scott, 51, shook up the philanthropy world last year with the pace and magnitude of her giving.

Financial wealth in India jumps 11% in pandemic year to $3.4 trn: Report

The 11 per cent growth in financial wealth was at par with the compounded annual growth rate for the five years to 2020, the report by BCG said

A wealth tax is a bad way to pay off pandemic debts: Nobel economist

Angus Deaton said that levies on high-earners would be 'very difficult to implement' and give the wealthy 'huge incentives to avoid it'

Investors' wealth tumbles over Rs 6.86 trillion in trade as markets crash

Investors' wealth tumbled by Rs 6,86,708.74 crore in morning trade on Monday following massive losses in the equity market as sentiments remained muted amid increasing Covid-19 cases in the country

Why rich families are turning to pooled investment vehicles amid pandemic

Alternative investment funds are emerging as a popular alternative to multiple entity investingWhy rich families are turning to pooled investment vehicles amid pandemic

Bihar Chief Minister Nitish Kumar's son, cabinet ministers richer than him

Nitish Kumar and his cabinet colleagues have made public the information about their personal assets

Budget 2020: Govt stance on wealth creators to lift confidence, says Mittal

He noted that digital technologies are set to become the primary platform for economic activity and growth

Wealth of global billionaires fell in 2018 for first time in three years

Excessive wealth has become an increasingly contentious issue globally, with some US presidential candidates making it central to their campaigns

Why wealth concentration in the hands of richest 1% may not be a bad thing

Inequality between the very richest and the rest correlates with greater innovation. But we mustn't let the top level become a closed shop

Sudden financial loss in middle, older age raises death risk, reveals study

When people lose 75% or more of their total wealth during a two-year period, they are 50% more likely to die in next 20 years

How to get the wealthy to donate

Wealthy people are selfish jerks. So are their children

India's richest 1% own 53% of nation's wealth: UN report

It also said unlike other countries, development in India is not moving across states

Do 8 men really control same wealth as poorest half of global population?

Oxfam has published similar reports for a number of years

World's richest 8 men own same wealth as 3.6 billion: Study

On current trends, it will take 170 years for women to be paid the same as men