India moves to 3rd spot in most billionaires, after US and China.

ezsasa

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Forbes 2014 list has China at 220 and india around 100
 

thakur_ritesh

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For India, there is a drastic need to bring the parallel economy on board. The big dreams this government is dreaming of can only be sustainable if the business in India doesn't have the urge for routing its funds through the parallel economy, which is just a drain and something that makes the economy and the Indian businesses globally non-competitive. One can't overstate the potential that will be unleashed once we have that, too bad that's not the focus yet.

Anyway, I am more keen on the millionaire list of these countries which gives the underlying current of what all is happening at a much larger level within an economy. My sense would be hands down Chinese are right up there in this list or just a scratch below.

The news is ' 430 billionaires from China (commies):shocked:'/QUOTE]

All these Chinese would be linked to the CCP, it's a very well kit web. There is a tremendous push for those who have the right contacts within the party and who can please a section within, all very organised, no one else can barrage in. The goodies are to be had in abundance, and their families reside overseas with flourishing businesses, which is so typical of a Chinese who has hit a couple of million dollars and above.
 

ezsasa

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For India, there is a drastic need to bring the parallel economy on board. The big dreams this government is dreaming of can only be sustainable if the business in India doesn't have the urge for routing its funds through the parallel economy, which is just a drain and something that makes the economy and the Indian businesses globally non-competitive. One can't overstate the potential that will be unleashed once we have that, too bad that's not the focus yet.

Anyway, I am more keen on the millionaire list of these countries which gives the underlying current of what all is happening at a much larger level within an economy. My sense would be hands down Chinese are right up there in this list or just a scratch below.

The news is ' 430 billionaires from China (commies):shocked:'/QUOTE]

All these Chinese would be linked to the CCP, it's a very well kit web. There is a tremendous push for those who have the right contacts within the party and who can please a section within, all very organised, no one else can barrage in. The goodies are to be had in abundance, and their families reside overseas with flourishing businesses, which is so typical of a Chinese who has hit a couple of million dollars and above.
What is this parallel economy?
 

Sambha ka Boss

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USA 537 billionaires followed by China with 430........India 97 Rus 93

The news is ' 430 billionaires from China (commies):shocked:'
Majority of China's billionaire are from Hongkong and Macau a legacy of British-Portuguese rule, not because of Commies.
 

Srinivas_K

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tarunraju

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We do realise that this list only covers tax paying billionaires, and their net worth figures put out are only those figures they want tax authorities to see?

There are more billions than these, and those billionaires, including some from this list could be hiding their true net worth.
 

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