Creation of long-term sustainable wealth is easy and is within everyone’s grasp June 4, 2021, 12:19 AM IST
Manish Goel, founder-director, Research & Ranking
Despite the humongous challenges posed by the COVID-19 pandemic, India added several new billionaires and millionaires in the year 2020. According to the Hurun Global Rich List 2021, India ranked 3 rd highest in number of billionaires globally, with a combined wealth of $596 billion in 2020 and there were 412,000 dollar-millionaire households in the country with a net worth of not less than Rs. 7 crores. Many of those who made it to the billionaire and millionaire clubs are self-made and first-generation entrepreneurs.
One of the biggest reasons the wealthy are getting wealthier is because they don’t invest in traditional investments. They invest in businesses, because that is the fastest way to multiply wealth. To create sustainable wealth, it is not necessary to start a new bus
The rising interest of global equity funds in the sector is reflective of renewed interest in a space that had remained dormant over the past two years due to a crushing slowdown in domestic consumption.
Page Industries has reappointed Sunder Genomal as managing director for a further term of five years with effect from August 1, said the company in a statutory filing on Monday.Mr. Genomal, a promoter
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