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india's richest 1% corner 73% of wealth generation: survey




the richest 1 per cent in india cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.besides, 67 crore indians comprising the population's poorest half saw their wealth rise by just 1 per cent, as ...



'mumbai richest indian city with total wealth of usd 820 bn'




india's financial capital mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest indian city with a total wealth of usd 820 billion, says a report. according to new world wealth, mumbai is the richest city in the country followed by delhi and bengaluru in the second and thi...



richest 0.1% boost their wealth by as much as poorest half




the total wealth of the richest 0.1% of the world’s population has grown by as much as that of the poorest 50% over the past 40 years, according to the world inequality report.see related what is inequality and why is it rising?paradise papers reveal secret wealth of global elite published by ce...



jio's success takes ambanis to top of forbes asia's richest families list




india's mukesh ambani family is the richest in asia as its net worth rose $19 billion to $44.8 billion, toppling the lees of the samsung empire, to claim the numero uno position, forbes said.despite dropping to the second spot, korea's lee family still saw its wealth soar by  11.2 billion to $40.8 ...



demonetisation impacts billionaire club; mukesh ambani richest




india's richie rich club has shrunk by 11 people since the demonetisation last november, while mukesh ambani remains the richest indian with a net worth of usd 26 billion, a study showed today. the country now has 132 billionaires with a net worth of usd 1 billion or more and the cumulative wealth o...



who is richest person of all time? from mansa musa to jeff bezos




there was much fanfare this week when amazon boss jeff bezos was named the wealthiest person of all time.see related is jeff bezos the richest person of all time?pictures: top 10 richest sports stars of all timerichest 1% 'to own more than everyone else combined'while his estimated $105.1 billion f...



what's missing from forbes 2017 rich list? discussion on income inequality




while prime minister narendra modi on wednesday slammed critics of economic slowdown, on thursday, forbes india dropped its annual list of india’s 100 richest tycoons which showed that the combined wealth of the country's richest 100 indian's rose more than a fourth to $479 billion. “despite ind...



why the gop tax cut will make wealth inequality so much worse




the richest 1 percent now own 40 percent of the country's wealth. under this bill, they’d own more.



why the gop tax cut will make wealth inequality so much worse




the richest 1 percent now own 40 percent of the country's wealth. with the gop tax plan, they’ll own more.



india home to 2,45,000 millionaires; household wealth at $5 trillion




india's total household wealth stood at usd 5 trillion while the country is home to 2,45,000 millionaires, says a credit suisse report.the number of ultra rich in the country is expected to rech 3,72,000 while the total household income is likely to grow by 7.5 per cent annually to touch usd 7.1 tri...



forbes india rich list is out: ambani richest with $38 bn net worth, premji 2nd




even as the country is facing economic hiccups and the government facing criticisms from various quarters over its handling of the economy, the wealthiest people in india do not seem to be affected. in spite of businesses facing difficulties in the aftermath of the government’s demonetisation of h...



tcs tops mosl's wealth creation list; coal india, bhel wealth destroyers




on the other hand, mmtc, jindal steel, coal india, and bhel were among the top 10 wealth destroyers during this period. anil ambani-owned reliance communications and reliance power also feature in this wealth destroyer list at the sixth and tenth positions, respectively. among sectors, metals and mi...



global wealth shifting to asia with china in lead: billionaire 2017 list




the richest people on earth became $1 trillion richer in 2017, yet 17 americans fell from the bloomberg billionaires index, a daily ranking of the world’s 500 wealthiest individuals. the us lost one person from the list every 21 days as global wealth shifted to asia with china gaining seven, india...



adele climbs u.k. rich list, paul mccartney still on top




adelewas rolling in the dough in 2016, but her bank balance looks almost measly compared with those of paul mccartney, elton john andmick jagger.the london pop singer is the richest solo female musician, as her wealth grew from £85 million ($109 million) to £125 million ($161 million) thanks to ...



how china's richest woman made $2 billion in just four days




chinese developers including china evergrande group have also soared in hong kong trading, boosting the fortunes of their executives. evergrande’s hui ka yan, whose wealth is estimated at $38.2 billion by the bloomberg billionaires index, is china’s third-richest individual after alibaba’s jac...



world's richest people gain $1 trillion in share market boom




the world’s 500 richest people gained another $1 trillion in the past year – including six australian billionaires who collectively increased their wealth by almost $7 billion.mining magnate gina rinehart, property developer harry triguboff, commodities trader ivan glasenberg and packaging giant...



world's richest people gain $1 trillion in share market boom




the world’s 500 richest people gained another $1 trillion in the past year – including six australian billionaires who collectively increased their wealth by almost $7 billion.mining magnate gina rinehart, property developer harry triguboff, commodities trader ivan glasenberg and packaging giant...



next generation astronomical survey to map the entire sky




the next generation of the sloan digital sky survey (sdss-v), directed by juna kollmeier of the carnegie institution for science, will move forward with mapping the entire sky following a $16 million grant from the alfred p. sloan foundation. the grant will kickstart a groundbreaking all-sky spectro...



how jeff bezos, briefly the world’s richest person, spends his cash




amazon founder and ceo jeff bezos surpassed microsoft founder bill gates to become the world's richest person today for a brief period, with a net worth of $90.9 billion, thanks in large part to amazon's recent acquisition of whole foods. the honor lasted only a few hours, as amazon's stock price fl...



how jeff bezos, briefly the world’s richest person, spends his cash




amazon founder and ceo jeff bezos surpassed microsoft founder bill gates to become the world's richest person today for a brief period, with a net worth of $90.9 billion, thanks in large part to amazon's recent acquisition of whole foods. the honor lasted only a few hours, as amazon's stock price fl...



coal bosses welcome trump's paris deal withdrawal, brazil economy, lloyds bankin




the super rich evade paying 30% of their taxes on average, according to a new study in the guardian. a growing proportion of the richest 0.01% of households, constituting those with more than £31m assets, hide their wealth in offshore accounts, said researchers. "the probability to hide wealth offs...



queensland's five richest people revealed




queensland's five wealthiest people are worth a combined $8.29 billion, according to the 2017 financial review rich list.bianca rinehart tops the list, worth $2.74 billion, thanks to her 23 per cent stake in hancock prospecting. ms rinehart is also the second-richest woman in australia, falling behi...



presstv-rich vs. poor




these are the headlines we are tracking for you in this episode of on the news line:rich vs. poorthe economic gap between the rich and the poor across the world has widened to record levels. in many countries the wealth of just a few individuals exceeds that of millions of people. the super-rich are...



surprised at reaction to our survey on pm modi: bruce stokes, pew research




the pew research centre suddenly found itself catapulted into the partisan electoral politics of india with its latest survey on indian public opinion. the survey finds that 88 per cent of indians are upbeat about prime minister narendra modi.bruce stokes, director, pew global economic attitudes at ...



ceo pay of $600k is unethical: survey




chief executive salaries of $600,000 and above are viewed as unethical by the majority of australians, according to a new survey that highlights the yawning gap between public expectations and reality on executive pay.the same survey also shows public concerns about ethical failings in finance ...