How India's rich doubled their fortunes amid Covid crisis as the poor got poorer
Published on Jan 17, 2022 06:06 PM IST
According to the global Oxfam Davos report of 2022, India's richest have more than doubled their fortunes during the Covid-19 crisis. It said that the Indian government should revisit its policies to redistribute wealth. India added 40 billionaires to 142 last year amid a devastating second wave of Covid-19. However, In 2020, the number of poor doubled to 134 million, more than a Pew research had estimated. Gautam Adani had India’s largest wealth surge last year and the fifth biggest in the world. Adani added $42.7 billion to his fortune, which now stands at almost $90 billion. Mukesh Ambani’s net worth climbed by $13.3 billion in 2021, and he’s now valued at $97 billion. Watch the full video for more.