News, analysis and personal reflections on the markets & the financial sector

Wednesday, July 27, 2011

India’s 55 billionaires command nearly $250 billion in wealth

India’s 55 billionaires command nearly $250 billion in wealth — a staggering sum relative not only to the country’s gross domestic product, but to peers in bigger economies. More than 60 percent of India’s billionaire wealth — $154.8 billion — resides with just 11 individuals or families, according to Forbes rankings for 2011:


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