Global Wealth
Global wealth, Indian business
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
Top Headlines: Byju's to lay off 2,500 staffers, broken rice exports & more
India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8
 "Top Headlines: Byju's to lay off 2,500 staffers, broken rice exports & more")
Global wealth set to contract by over 2% this year, says report
"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."
 "Global wealth set to contract by over 2% this year, says report")
South Korea ranks 11th in number of billionaires in Global Wealth Report
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
 "South Korea ranks 11th in number of billionaires in Global Wealth Report")
World's top ten saw wealth double to $1.5 trillion during pandemic
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
 "World's top ten saw wealth double to $1.5 trillion during pandemic")
India 'poor and very unequal' with affluent elite: World Inequality Report
Fruits of economic reforms monopolised by the elite: World Inequality Report
 "India 'poor and very unequal' with affluent elite: World Inequality Report")
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.
 "Global wealth surges as China overtakes US as world's richest nation")
Global wealth surges as China overtakes US to grab top spot
The US, held back by more muted increases in property prices, saw its net worth more than double over the period, to $90 trillion
 "Global wealth surges as China overtakes US to grab top spot")
Will economic stress and hunger lead to political change?
Will economic distress affect how people perceive the role of the political class as a whole, and judge how they responded to their suffering?
Wealth managers must sharpen their game
To truly capitalise on the market opportunity, wealth managers need to focus on quality of advice, innovation in product design and ease of execution
 "Wealth managers must sharpen their game")
India's rich club to grow 75% by 2025 despite pandemic: Knight Frank study
As many as 91% of the ultra-rich are expecting a massive increase in their wealth over the next five years
 "India's rich club to grow 75% by 2025 despite pandemic: Knight Frank study")
India's household wealth more than doubles to $12.6 trn in 2019: Report
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
 "India's household wealth more than doubles to $12.6 trn in 2019: Report")
India contributes 7% to global wealth rise, says Credit Suisse report
The biggest contribution has come from the US at $4 trillion (45% of total) and China at $1.9 trillion (21% of total)
 "India contributes 7% to global wealth rise, says Credit Suisse report")
Millionaires now control half of the world's personal wealth: Report
Fastest growth in Asia, where fortunes increased 19% last year
 "Millionaires now control half of the world's personal wealth: Report")
Statsguru: Global wealth soars in 2017
North America leads the wealth list with a combined wealth of $101 trillion, followed by Europe at $79 trillion
 "Statsguru: Global wealth soars in 2017")
