Yesterday Forbes magazine reported that the same as the developing countries, Indian wealth is concentrated even more than the Chinese. The top 100 richest Indians owned the equivalent wealth of the top 400 richest Chinese in mainland.
The latest rich list of India published by the magazine revealed that the super-rich people owning more than one billion U.S. dollars in India had increased by a third in 2010 with the number up to 69. And 2010 became the year with most rich men. However, the magazine also pointed out that in India, such a rapid economic developing country has the popularity of 1.2 billion people, 40%among whom still live below the poverty line.
The total assets of the top 100 richest people reached 3,000 billion U.S. dollars. Comparing with the rich list in China published by Forbes recently, the reporter found that the total assets of the top 400 richest Chinese people were only a little more than 3,000 billion dollars.
Managing Director of India's Prudential Industrial Group Barney was listed as the first one ranked in the list with fortune of 270 billion dollars. The poor performance of his company's stock this year resulted in 15% shrink of his wealth.
The steel giant Mittal who is living in London ranked the second in the list. His wealth also shrank 13% compared with that in last year because his company Axel Laramie Tal suffered the economic crisis.
The comparison of the top five richest assets in China and India (unit: USD)
1. Wang Chuanfu BYD with 5.8 billion V.S Barney Prudential Industry Group with 27 billion
2. Liu Yongxing New Hope Group with 5.5 billion V.S Thar Thar Axe Laramie company with 26.1 billion
3. Zong Qinghou Wahaha Group with 4.8 billion V.S Azim Trump Lyme Wipro company with 17.6 billion
4. Lv Xiangyang Rongjie Financial Investment Management Group with 4.1 billion V.S Lula Brothers Aisa Er steel company with 15.0 billion
5. Yang Huiyan Country Garden real estate Group with 3.9 billion V.S Kindel company with 14.4 billion