Twenty-four Indian citizens have made it to the world’s billionaires club this year, according to Forbes.com. They have a collective net worth of $106.8 billion and an average net worth of $4.45 billion each. Of the top five billionaires in Asia, three are from India, of which two of are ranked in the world’s top ten and two are estranged brothers.1
- The seventh richest person in the world is Mukesh Ambani with a net worth $19.5B. Mr. Ambani heads Reliance Industries, a growing petrochemicals business that he inherited from his father.
- With a net worth of $19.3B, Laksmi Mittal follows Mr. Ambani’s ranking as eight richest. The bulk of Mr. Mittal’s fortune is stock ownership of the world's largest steel company, ArcelorMittal, also inherited from family.
- Mukesh’s younger brother, Anil Ambani, ranks 34th in the list of the world’s richest. Anil, who has a net worth $10.1B, inherited his family’s interests in telecommunications, power and financial services following a bitter parting with his older brother.
The Hungry
An estimated 0.24 billion are currently living in hunger in India. This assumes that the estimated level of the undernourished in India remains unchanged at 21% as last reported by the Food and Agriculture Organization of the United Nations.2)
Furthermore, according to a report by the International Food Policy Research Institute (IFPRI), out of 84 countries India ranks 65th in the Global Hunger Index (GHI), which ranks countries on a 100-point scale, with 0 being the best score (no hunger) and 100 being the worst.3
1forbes.com
2fao.org
3ifpri.com
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