Oxfam Reports: India overtakes many countries in terms of number of billionaires, Gautam Adani's wealth rises strongly

Pankaj Prasad
Pankaj Prasad 17/01/2022 13:08 IST
billionaires, Billionaires Index, Gautam Adani, Oxfam Reports, Oxfam India

According to the report of Oxfam India, the number of poor in the country has doubled in the last year, while 40 new billionaires have been made in the country.

During the crisis of Corona epidemic, while on one hand the number of billionaires in India has increased, on the other hand poverty is also increasing rapidly. According to the report of Oxfam India, the number of poor in the country has doubled in the last year, while 40 new billionaires have been made in the country. Meanwhile, India has overtaken many countries of the world in terms of the number of billionaires. Gautam Adani's wealth among the country's billionaires registered a strong increase last year.

If India has overtaken many countries of the world, if we look at the Billionaires Index, then the world's 500 richest people have registered an increase of more than $ 1 trillion in their net worth last year. Oxfam said India, where urban unemployment soared to 15 per cent last May and food insecurity worsened, is now the country with more billionaires than France, Sweden and Switzerland.

According to the report, the world is troubled by the Corona epidemic and now the Omicron variant has raised concerns again. It was told in the report that during the Corona period, while the food crisis has arisen in front of the poor, but there has been a tremendous increase in the wealth of the rich people. The total wealth of Indian billionaires doubled during the Corona period.

According to Oxfam, the number of billionaires in the country has increased by 39 percent and 40 new billionaires have been created. With this increase, the total number of billionaires in the country has gone up to 142 at present. Oxfam said in a report on rising inequality published on Monday that the country's billionaires have a combined wealth of about $720 billion (about Rs 53 lakh crore), which is more than 40 percent of the country's poorest population.

Strong increase in the wealth of Gautam Adani

According to a report, the wealth of Adani Group Chairman Gautam Adani has seen the biggest jump in the last year. Adani had the highest net worth in India last year and registered the fifth largest increase in wealth globally in the world. $ 42.7 billion was added to the wealth of Gautam Adani, with this his wealth is now $ 90 billion. Mukesh Ambani's net worth climbed to $13.3 billion in 2021 and is now worth $97 billion.

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Oxfam has recommended in its recently released report that the central government should impose a 1 percent surcharge on the country's richest 10 percent of the population to invest in health and education. In the report, experts have said that the top 10 rich people of the country have enough wealth that they can fund all the schools and colleges of the country for the next 25 years.

Category: Business

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