Global Wealth

Comparing India and China's Fortune 500 performance may not be entirely fair, but it offers some thought-provoking facts at a time when India is flaunted as the only decent economic game in town

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8

"Monetary tightening is squeezing economies and markets - household wealth will feel the pinch," Allianz said the report. "In real terms, households will lose a tenth of their wealth."

The global investment bank "Credit Suisse" released the "Global Wealth Report 2022" on the 20th; the figure of billionaires increased by 116,000 from 1.174 million in 2020

10 richest men in world have seen their global wealth double to $1.5 trn since the start of pandemic following a surge in share and property prices that has widened the gap between rich and poor

Fruits of economic reforms monopolised by the elite: World Inequality Report

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.

The US, held back by more muted increases in property prices, saw its net worth more than double over the period, to $90 trillion

Will economic distress affect how people perceive the role of the political class as a whole, and judge how they responded to their suffering?

To truly capitalise on the market opportunity, wealth managers need to focus on quality of advice, innovation in product design and ease of execution

As many as 91% of the ultra-rich are expecting a massive increase in their wealth over the next five years

The wealth per adult stood at $14,569 as per the report, or up 3.3 percent, while their debt grew 11.5 percent to $120 billion

The biggest contribution has come from the US at $4 trillion (45% of total) and China at $1.9 trillion (21% of total)

Fastest growth in Asia, where fortunes increased 19% last year

North America leads the wealth list with a combined wealth of $101 trillion, followed by Europe at $79 trillion