collected snippets of immediate importance...


Friday, March 20, 2009

The net asset worth of India’s richest has also shrunk by over a third from the time of the last Forbes scroll. By 2007, that worth had reached $ 335 billion. That is, 53 individuals in a population of one billion held wealth equal to almost a third of their nation’s GDP at the time. This year, that worth plunged to $107 billion. (A moment’s respectful silence in memory of the dear, departed billions seems in order.) But there is some comfort in that our team is still worth more than twice what their Chinese rivals are. And we even now have 8 billionaires more than all the Nordic nations put together -- though they boast the highest living standards in the world.

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