Think 2020, think Corona. This hitherto unknown affliction has wreaked havoc on our lives. Everything came to a standstill and incomes stagnated. There was all round uncertainty in our lives and the economies tumbled like never before.
But, even during such testing times of Corona, the earnings of India’s richest – Mukesh Ambani – went up by leaps and bounds. His per hour earning, according to Hurun’s India Rich List 2020, was a whopping Rs 90 crore. He has earned Rs 2.77 lakh crores in the pandemic-hit 2020. Due to this earning, his cumulative properties have gone to Rs 6.68 lakh crores and he found his way into the Top ten richest Indians. Even the value of Adani Group’s chairperson has gone up by leaps and bounds.
According to Credit Suisse Research Institute’s annual report, the assets and the overall value of India’s billionaires has shot up exponentially during the Covid period.According to experts, the overall worth of Indian billionaires has gone up mainly because of the devaluation of the rupee against the dollar. India accounts for 1 per cent of the world’s billionaires. By 2025, the number of Indian billionaires would go up to 13 lakh.
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