Countries with most Billionares(Latest)

[Agnostic_Indian]

^^oh goodness ! not again stop this obsession about India..

get well soon.

 

[MandarK]

India is the world's biggest oligarchy with 109 billionaires in the midst of the world's largest population of poor, hungry and illiterates.

Haq's Musings: India- The World's Biggest Oligarchy?

Just wondering why GINI index of India and Pakistan is close to equal??

 

[Grindel]

itna paisa rakhty kahan hain ye log?

 

[KRAIT]

These billionaires should invest in education especially in advance technical institutes. Few have done this but we need more.

Forced distribution of wealth is not the way out. If you really want it, raise the Corporate Responsibility. Make it mandatory and more funding.

These billionaires can also establish hundreds of technical centers to raise self-employed people and small businesses. Micro-financing should also be made mandatory.

 

[karan21]

These billionaires should invest in education especially in advance technical institutes. Few have done this but we need more.

Forced distribution of wealth is not the way out. If you really want it, raise the Corporate Responsibility. Make it mandatory and more funding.

These billionaires can also establish hundreds of technical centers to raise self-employed people and small businesses. Micro-financing should also be made mandatory.

The new laws for corporates are coming out soon by goi, they can be encouraged to do more inhouse. Indian billionares are sitting on cashpiles of billions, not even including the black money . Indian companies have over 600 billion$ to invest. We should try for every single $ of that invested in India.

Bits pilani etc are examples of top institutions. India has been successfully able to create a private R&D environment. But there is a long way to go yet.

 

[Mootaz-khelifi]

you forget Tunisia 1 Ben Ali family

 

[RiazHaq]

Just wondering why GINI index of India and Pakistan is close to equal??

Pakistan is certainly more egalitarian than its neighbors. The CIA World Factbook reports Pakistan’s Gini Index has decreased from 41 in 1998-99 to 30.6 in 2007-8, lower than India’s 36.8 and Bangladesh’s 33.2, and much lower than US at 45. Gini Index is measured on a scale of 0-100 where 0 indicates perfect equality where everyone has the same income and 100 denotes perfect inequality where all the income goes to the top quintile.

https://www.cia.gov/library/publications/the-world-factbook/fields/2172.html

 

[KRAIT]

@karan21

Blackmoney

Yup. BITS Pilani is a perfect example.

Ambani, Laxmi Niwas Mittal, Tata (TIFR, hell of a research institute) have invested in this field. We need at least few dozens of private universities of level of IITs or above like TIFR. In IIT, even a erson who has done PhD from IIT finds hard to get a faculty position now. They prefer PhD holders from top universities of the world. We need to attract professors from Ivy league universities.

Also, we need education enclave like economic or industrial zone.

P.S. Nice posts buddy, keep it coming.

 

[()()]

Arghh..Capitalism sucks...

 

[karan21]

@karan21

Blackmoney

Yup. BITS Pilani is a perfect example.

Ambani, Laxmi Niwas Mittal, Tata (TIFR, hell of a research institute) have invested in this field. We need at least few dozens of private universities of level of IITs or above like TIFR. In IIT, even a erson who has done PhD from IIT finds hard to get a faculty position now. They prefer PhD holders from top universities of the world. We need to attract professors from Ivy league universities.

Also, we need education enclave like economic or industrial zone.

P.S. Nice posts buddy, keep it coming.

Well before attracting people from IVY League we need roads where they can atleast find a safe parking spot for their car. But we have a fair chance of attracting Indians.

Indian private industrialists now need to get into more complex things like nuclear reactors, missiles, civilian and military planes, supercomputing, nanotechnology and physics in collaboration with upcoming pritave Indian unis.

In america most top IVY unis are private, but they get billions from govt based on their performance. This can be done in India too.

 

[Lenin]

India is the world's biggest oligarchy with 109 billionaires in the midst of the world's largest population of poor, hungry and illiterates.

Haq's Musings: India- The World's Biggest Oligarchy?

buddy all billionaries are not same ....66% of TATA's profits goes to charity, and this billioners are the source of bread&butter for thousands people in india and around the world.

 

[JohnyD]

itna paisa rakhty kahan hain ye log?

It’s not just the people with hard cash that makes up this list…its net worth of individuals which consists of cash, shares, properties, jewelleries, investment and anything equivalent to cash…

 

[Dushmann]

Pakistan’s Gini Index has decreased from 41 in 1998-99 to 30.6 in 2007-8, lower than India’s 36.8

I find it difficult to believe that Feudal Pakistan suddenly became egalitarian society within a span of 10 years which was incidentally a period of international sanctions and later war on terrorism.

 

[RiazHaq]

I find it difficult to believe that Feudal Pakistan suddenly became egalitarian society within a span of 10 years which was incidentally a period of international sanctions and later war on terrorism.

"Righteousness is not that ye turn your faces towards the east or the west, but righteousness is, one who believes in God, and the last day, and the angels, and the Book, and the prophets, and who gives wealth for His love to kindred, and orphans, and the poor, and the son of the road, beggars, and those in captivity; and who is steadfast in prayers, and gives alms." Quran 2:177


More Pakistanis gave to charities and the country saw the "largest jump in the rankings globally of 108 places, moving from 142nd to 34th in 2011", according to World Giving Index 2011. The report compiled by Charities Aid Foundation points out that "the floods did not lead to Pakistan's twenty-six percentage point rise in its World Giving Index score" because the survey was conducted before the 2010 floods.

The United States is ranked as the most generous in the world for charitable giving. Sri Lanka, ranking 8th in the world, leads philanthropy South Asia region. It is followed by Pakistan (ranked 34th globally) in second place, Bangladesh (ranked 78 globally) in third place, Nepal (ranked 84 globally) in fourth place, and India (ranked 91 globally) in last place.

Haq's Musings: Pakistanis Rank High on World Giving Index 2011

 

[Unbeliever]

You guys do realize that is a bad thing, right?

Concentration of wealth on such a massive scale is not a positive but a very "Guilded Age"-type of development. It is a symptom of a much larger problem.

Only very, very few of these actually earned this money through brilliant innovation, most got it either through careless exploitation of other people and the environment or just inherited it contributing nothing at all.. also the vast majority were already very rich to start with.

It takes money to make money (most of the time).

I know that there are exceptions like the Indian billionaire who donated massively to education or Bill Gates, but don't let that obscure the truth behind this development which is concentration of wealth at the expense of the vast majority of humanity..

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On a side note, I personally don't think there should be any billionaires at all. No one person needs that much money even if in extremely rare cases he might "deserve" it, if lets say someone were to invent a very cheap, universal cure for cancer.