India's richest own more wealth than combined GDP of five neighbouring nations

According to the IIFL Wealth Hurun India Rich List 2020, the combined wealth of India’s richest is a staggering $823 billion, more than the combined GDP of Pakistan, Bangladesh, Sri Lanka, Afghanistan and Bhutan; here’s a look at some more interesting facts from the report.

Business Desk, ETV Bharat: India has 828 individuals with at least Rs 1,000 crore in wealth. The combined wealth of these 828 richest people is a staggering $823 billion, equating to one-third of India’s GDP and more than the combined GDP of Pakistan, Bangladesh, Sri Lanka, Afghanistan and Bhutan.

This fact was highlighted by the IIFL Wealth Hurun India Rich List 2020 that was released on Tuesday. The report was based on wealth calculations as of 31 August 2020.

Here is a look at some other interesting points made in the report regarding India’s richest:

Someone in India is earning Rs 90 crore per hour?

Mukesh Ambani continued to be the richest man in India for the ninth year. But the report went on to say that Ambani managed to add Rs 90 crore per hour since the “March lockdown” to attain a total wealth of Rs 6,58,400 crore as of 31 August.

“Ambani’s wealth is now bigger than the combined wealth of the next 5 in the list,” said the report.

After Ambani, Hinduja Brothers (1.43 lakh crore), Shiv Nadar and family (1.41 lakh crore), Gautam Adani & family (1.40 lakh crore) and Azim Premji (1.14 lakh crore) figure in the top five chart.

The new entry to ‘Top 10’?

Radhakishan Damani, 65, was the only new entry to the Top 10 Rich List 2020 with Rs 87,200 crore of wealth, thanks to the listing of his company Avenue Supermarts.

Since its IPO in 2017, Avenue Supermarts’ share price has increased by more than 250% and Damani’s rank in the list has increased by 23 places.

Who is the oldest among the richest?

With a wealth of Rs 5,400 crore, Dharam Pal Gulati, aged 96, of MDH is the oldest individual in IIFL Wealth Hurun India Rich 2020. He has found his place at 216th rank.

Who is the most popular on social media?

With 91 lakh followers on Twitter, Ratan Tata is the most followed entrepreneur from the IIFL Wealth Hurun India Rich List on Indian social media, followed by Anand Mahindra who has 81 lakh followers.

Which Star Signs shone the most this year?

Rich list entrants born under the Aries star sign had a good year and registered a 55% increase in cumulative wealth, followed by those born under Scorpio at 52%. Geminis had a bad year, with their cumulative wealth decreasing by 3%. Some of the notable “Gemini” entrepreneurs include Anil Ambani (who dropped out of the list last year).

Where does the richest live?

Being home to 217 individuals that comprise 26% of the list, Mumbai is the residential capital of India’s wealth creators, followed by New Delhi (128) and Bengaluru (67).