The Rise Of The Ultra Rich & The Fall Of Philanthropy
831 Indians have wealth of over Rs.1000 crores. India has highest number of ultra rich after United States and China. But it still ranks 124 out of 146 countries in the world giving Index. Although the number of super rich Indians is up by 12%, the philanthropic donations by India's ultra rich fell 4% from […]
831 Indians have wealth of over Rs.1000 crores. India has highest number of ultra rich after United States and China. But it still ranks 124 out of 146 countries in the world giving Index.
Although the number of super rich Indians is up by 12%, the philanthropic donations by India's ultra rich fell 4% from 2014. In 2018, their wealth increased by Rs. 4,891 billion.
Currently, India' s top philanthropist is Azim Premji. He has contributed around $21 Billion Dollars to various causes which accounts for 80% of large donations made by the ultra rich in India.