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India’s number of rich individuals is about to double this year!
New Delhi: As per the projections made by industry association Assocham and Yes Bank’s study of luxury market in India the number of India’s rich and super-rich individuals is about to double this year. And the number might rise to four lakh with a collective wealth of $2,645 billion.
And the number of super-rich households, with a minimum net worth of Rs.25 crore each, would more than triple to five lakh in the next five years with a five-fold increase in their net worth to Rs.260 trillion.
These projections have been made by industry association Assocham and Yes Bank’s study of luxury market in India, released Wednesday,
The top five Indian billionaires led by Reliance Industries chairman Mukesh Ambani collectively control $90.5 billion (about Rs.5,57,661 crore) in personal wealth, accounting for nearly half of the country’s total billionaire wealth, an earlier study said.
According to Forbes magazine, Mukesh Ambani is the richest man in the country with an estimated net worth of $24.4 billion (about Rs. 1,50,000 crore).
Mukesh Ambani is followed by drugmaker Sun Pharma’s Dilip Shanghvi$18 bn, IT giant Wipro’s Azim Premji $16.4 bn, Tata Sons’ shareholder Pallonji Shapoorji Mistry $15.9 bn, and steel tycoon Lakshmi Mittal $15.8 bn.
The five billionaires collectively control $90.5 billion in personal wealth, accounting for nearly 48 percent of India’s total billionaire wealth, according to reports.
In comparison, India’s wealthiest actor, Bollywood star Shah Rukh Khan is worth $600 million, while Indian cricket legend Sachin Tendulkar has a fortune of $160 million.
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.