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Updated Dec 27, 2020 | 07:41 IST
India’s billionaire count reached an all-time high in 2020 owing to the stock market rally during the year. India’s super-rich club, in dollar terms, grew to 90 from 80 at the end of 2019 India’s billionaire count at all-time high; combined wealth of 90 tycoons near fifth of country’s GDP | Photo Credit: Thinkstock
The annus horribilis 2020 was like no other because of Covid-19 pandemic and the resultant technical recession in the economy. However, stock markets remained unfazed during the period and fate smiled upon the super-rich.
According to a Business Standard report, India’s billionaire count reached an all-time high in 2020 owing to the stock market rally during the year. India’s super-rich club, in dollar terms, grew to 90 this year from 80 at the end of 2019.